City of Burbank Joint City Council Meeting Agenda 2026-05-19
Housing Authority Considers Major Loan to BHC
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Description
The Burbank Housing Authority will consider rolling over a $1.66 million loan and issuing a new $5.77 million loan to Burbank Housing Corporation for the Village at Fairview project. The action also includes awarding project-based Section 8 vouchers to support the development.
Contract Details
Contract Amount
$1,664,040 (existing Housing Authority loan roll-over) and $5,772,883 (new loan)
Vendor
BURBANK HOUSING CORPORATION
Agency
City of Burbank, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Renewal Info
Existing Housing Authority loan of $1,664,040 to be rolled over; new $5,772,883 loan and project-based Section 8 vouchers to be awarded per the Housing Authority commitment and voucher award letters.
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