City of Burbank Joint City Council Meeting Agenda 2026-05-19
City Plans New and Rolled-Over Loans for BHC
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Description
The City of Burbank will consider rolling over an existing $1.215 million loan and reserving an additional $2.59 million in HOME funds for Burbank Housing Corporation’s Village at Fairview affordable housing project. The action is structured through a City Council commitment letter and associated resolutions.
Contract Details
Contract Amount
$1,215,384.73 (existing loan roll-over) and $2,592,389 (new loan)
Vendor
BURBANK HOUSING CORPORATION
Agency
City of Burbank, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Renewal Info
Existing City loan of $1,215,384.73 will be rolled over into a new commitment; additional HOME-funded loan of $2,592,389 will be conditionally reserved, with detailed terms set in the commitment letter.
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