$1M Loan to CRP for Ralston Avenue housing
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Description
The City Manager is authorized to negotiate and enter into a Loan Funding Agreement with CRP Affordable Housing and Community Development or one of their affiliated entities or partners to provide a $1.0 million residual receipts loan for 678 Ralston Avenue.
Contract Details
Contract Amount
$1,000,000
Vendor
CRP AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT
Agency
City of Belmont, CA
Contract Type
Loan
Document Date
May 27, 2025
Contract Term
55 year
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