Housing Authority of the County of Kern Agenda 2026-06-10
$1 Million Loan Approved for City View Development
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Description
The Housing Authority Board approved a $1 million construction loan to Golden Empire Affordable Housing, Inc. II for the City View First Time Homebuyer Development. The loan will facilitate completion and the phased sale of 37 affordable homes.
Contract Details
Contract Amount
Not to exceed $1,000,000
Vendor
GOLDEN EMPIRE AFFORDABLE HOUSING INC
Agency
Housing Authority of the county of Kern, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
Phased disbursement over estimated 24-month construction period, to be repaid as homes sell
Renewal Date
2028-05-13
Renewal Info
Phased repayment and potential reissuance as homes complete and sell; full repayment expected within 24 months.
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Related Contracts
Housing Authority of the County of Kern Agenda 2026-06-10
AMENDEDHousing Authority of the County of Kern Board Agenda May 2026
APPROVEDHousing Authority of the County of Kern Board Agenda May 2026
AMENDEDKern County Board of Supervisors Meeting Minutes April 2026
AMENDEDCity of Bakersfield Regular Meeting Agenda Packet January 2025
APPROVEDIssuing Agency
Housing Authority of the county of Kern
Local Housing Authority
Bakersfield, CA
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Housing Authority of the County of Kern Agenda 2026-06-10
Housing Authority of the County of Kern Agenda 2026-06-10
Housing Authority of the County of Kern Agenda 2026-06-10
Housing Authority of the County of Kern Agenda 2026-06-10
Housing Authority of the County of Kern Agenda 2026-06-10
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