glenn-codora-fire-protection-districtloan-agreement2024-10-08_f3b.pdf
$552K Housing Loan Approved for Habitat for Humanity
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Description
On October 8, 2024, Glenn County approved a $552,140 PLHA loan to Habitat for Humanity Yuba/Sutter Inc. for the construction of a 33-unit permanent supportive housing project at 827 Newville Road, Orland. The loan is forgivable at zero percent interest over a 55-year compliance period, subject to annual monitoring and compliance with state housing program requirements.
Contract Details
Contract Amount
$552,140
Vendor
HABITAT FOR HUMANITY YUBA/SUTTER INC
Agency
Glenn-Codora Fire Protection District, CA
Contract Type
OTHER
Document Date
October 8, 2024
Contract Term
Fifty-five (55) years from the date the Regulatory Agreement is recorded
Renewal Date
2079-10-08
Renewal Info
Loan updated on October 8, 2024 to forgivable, 0% interest. Fifty-five-year compliance period; repayment deferred and forgiven if all terms are met. Annual $2,000 monitoring fee; subject to amendments by written agreement.
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