City of Carlsbad City Council Agenda 2026-06-23
Housing Trust Fund loan approved for Chestnut Apartments
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Description
Carlsbad’s City Council approved a Housing Trust Fund loan of up to $850,000 to The Chestnut Apartments, LP to provide gap financing for development of The Chestnut Apartments. The funding supports completion of an affordable housing project at 945 Chestnut Avenue.
Contract Details
Contract Amount
Not to exceed $850,000
Vendor
CHESTNUT APARTMENTS LP
Agency
City of Carlsbad, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Renewal Info
Single Housing Trust Fund loan authorization up to $850,000 for project gap financing; no recurring renewal terms noted.
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