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FINANCIAL_SERVICESAPPROVED

City of Sacramento Regular Meeting Agenda 2026-06-23

$5.1M Loan Approved for Florin Family Apartments

$5.1 million Conditional Loan CommitmentCity of Sacramento - Dept. of UtilitiesCHRISTIAN CHURCH HOMESJune 23, 2026

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Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

The City authorized SHRA to allocate and issue a $5.1 million conditional loan to Christian Church Homes for the Florin Family Apartments, supporting acquisition, construction, and permanent financing of the affordable housing project.

Contract Details

Contract Amount

$5.1 million Conditional Loan Commitment

Vendor

CHRISTIAN CHURCH HOMES

Agency

City of Sacramento - Dept. of Utilities, CA

Contract Type

FINANCIAL_SERVICES

Document Date

June 23, 2026

Renewal Info

Loan commitment terms and maturity are not specified in the agenda; detailed schedule will be in loan documents.

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