FINANCIAL_SERVICESAMENDED

Sacramento Housing and Redevelopment Commission Regular Meeting Agenda Packet March 2026

$11.7M Loan Approved for Senior Housing Development

$11,700,000county of Sacramento Housing AuthoritySAN JUAN MUTUAL HOUSING ASSOCIATES TWO LPMarch 16, 2026

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Description

The Sacramento Housing and Redevelopment Commission approved an amended $11.7 million loan commitment to San Juan Mutual Housing Associates Two L.P. for the new construction of San Juan Apartments Phase 2, providing 70 affordable supportive housing units for seniors. The funds are provided through HOME and PLHA sources at a three percent interest rate over 40 years.

Contract Details

Contract Amount

$11,700,000

Vendor

SAN JUAN MUTUAL HOUSING ASSOCIATES TWO LP

Agency

county of Sacramento Housing Authority, CA

Contract Type

FINANCIAL_SERVICES

Document Date

March 16, 2026

Contract Term

40 years from permanent financing (Maturity: August 12, 2027 unless extended)

Renewal Date

2027-08-12

Renewal Info

Original commitment April 8, 2025; amended to add $4.8M on March 18, 2026; current term is 40-year loan expiring August 12, 2027 unless mutually extended; provisions for extensions and amendments included.

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