County of Fresno Board of Supervisors Agenda 2026-06-30
County Approves $2M Loan for Selma Heritage Housing
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Description
The Board authorized an Affordable Housing Agreement and $2,000,000 loan with Selma Elderly L.P. for the Selma Heritage senior housing project, imposing a 15-year affordability restriction on 11 units and a maximum 55-year loan term. The funds will preserve and rehabilitate a 24-unit senior rental facility in Selma.
Contract Details
Contract Amount
$2,000,000
Vendor
SELMA ELDERLY LP
Agency
Fresno County, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 30, 2026
Contract Term
Maximum 55-year loan repayment term; 15-year affordability restriction for 11 units
Renewal Info
Loan features a maximum 55-year repayment term and 15-year affordability period; changes would require document amendments under the delegated authority.
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County of Fresno Board of Supervisors Agenda 2026-06-30
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