FINANCIAL_SERVICESAMENDED

Sacramento Housing and Redevelopment Commission Regular Meeting Agenda Packet March 2026

$11.7M Loan Commitment Amended for San Juan Phase 2

$11,700,000city of Sacramento Housing AuthoritySAN JUAN MUTUAL HOUSING ASSOCIATES TWO LPMarch 18, 2026

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Description

The Sacramento Housing and Redevelopment Commission approved an amendment to the loan commitment with San Juan Mutual Housing Associates Two L.P. for San Juan Apartments Phase 2, increasing total funding to $11.7 million for acquisition, construction, and permanent financing. Funding sources include federal HOME and local PLHA funds, with a 40-year loan maturity at 3% interest.

Contract Details

Contract Amount

$11,700,000

Vendor

SAN JUAN MUTUAL HOUSING ASSOCIATES TWO LP

Agency

city of Sacramento Housing Authority, CA

Contract Type

FINANCIAL_SERVICES

Document Date

March 18, 2026

Contract Term

40 years from permanent financing (loan maturity date); commitment expires August 12, 2027 unless extended

Renewal Date

2067-08-12

Renewal Info

Commitment expires August 12, 2027 unless a mutually agreed extension is made; regulatory agreements run with the land and bind successors; amendment increases the loan by $4.8 million.

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Sacramento County Board of Supervisors Meeting Minutes April 2026

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Sacramento County (California)Additional $4,800,000 (total revised loan amount not fully stated)April 7, 2026

Sacramento Housing and Redevelopment Commission Regular Meeting Agenda Packet March 2026

AMENDED

city of Sacramento Housing Authority (California)$11,700,000 (comprised of $7,000,000 HOME and $4,700,000 PLHA funds)March 18, 2026

Sacramento Housing and Redevelopment Commission Regular Meeting Agenda Packet March 2026

AMENDED

county of Sacramento Housing Authority (California)$11,700,000March 16, 2026

Issuing Agency

city of Sacramento Housing Authority

Local Housing Authority

Sacramento, CA

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Vendor