Pre-development Loan for RAD Planning Increased by HRFC
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Description
Fresno Housing approved an increase in the Housing Relinquished Fund Corporation pre-development loan for RAD Planning to an amount not to exceed $500,000 to continue due diligence and financing preparation. The funding supports environmental, legal, and technical work and will be repaid at project closings.
Contract Details
Contract Amount
Increase from $250,000 to an amount not to exceed $500,000
Vendor
HOUSING RELINQUISHED FUND CORPORATION
Agency
Housing Authority city of Fresno, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 25, 2026
Renewal Info
Amends the October 22, 2014 Board-approved pre-development loan, raising the cap from $250,000 to $500,000; costs to be reimbursed at project closings.
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