City of Stockton City Council and Concurrent Authorities Meeting Minutes April 14, 2026
Visionary Home Builders receives $5M affordable housing loan
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Description
After multiple failed motions, the Council approved a resolution awarding a $5,000,000 affordable housing loan to Visionary Home Builders for the 108-unit Don Shalvey Apartments, contingent on meeting 2025 NOFA underwriting requirements. Funding will be drawn from eligible federal and local housing programs.
Contract Details
Contract Amount
$5,000,000
Vendor
VISIONARY HOME BUILDERS
Agency
City of Stockton, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Renewal Info
Loan terms, including maturity and repayment, are to be detailed in subsequent loan documents and subordination agreements executed by the City Manager or designee.
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