City of Arcata Special City Council Meeting Agenda Oct 2024
Danco Builders Receives $800K Loan for Plaza Point Senior Housing
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Description
The City of Arcata awarded Danco Builders an $800,000 loan in 2008 to develop Plaza Point, a senior housing project with long-term affordability guarantees.
Contract Details
Contract Amount
$800,000
Vendor
DANCO BUILDERS
Agency
City of Arcata, CA
Contract Type
OTHER
Document Date
October 30, 2024
Contract Term
2008, 55-year affordability commitment
Renewal Date
2063-01-01
Renewal Info
55-year affordability covenant required as a condition of funding.
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