City of Pasadena Housing, Homelessness and Planning Committee Agenda Packet 2026-06-03
City Allocates $440,000 CDBG To Section 108 Debt
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Description
Pasadena will apply $440,000 of its 2026 CDBG allocation toward HUD Section 108 loan repayment for the Robinson Recreation Center. The payment continues long-term debt service commitments through 2035.
Contract Details
Contract Amount
$440,000
Vendor
FINANCE DEPARTMENT
Agency
City of Pasadena, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Annual Section 108 repayment in PY2026; overall loan term through 6/30/2035
Renewal Date
2035-06-30
Renewal Info
Recurring annual Section 108 loan repayments are scheduled through approximately June 30, 2035, funded from CDBG and other eligible sources.
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