Cupertino Extends Greenwood Court Affordability Term
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Description
The City of Cupertino will amend its CDBG loan agreement with West Valley Community Services for the Greenwood Court property. The change extends affordability restrictions on the rehabilitated low-income rental units for an additional ninety-nine years.
Contract Details
Vendor
WEST VALLEY COMMUNITY SERVICES
Agency
City of Cupertino, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Existing CDBG loan term extended by 99 years
Renewal Info
Amendment extends the term of the existing CDBG loan agreement and its associated affordability restrictions by ninety-nine years beyond the current expiration; prior term details not specified in agenda.
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