Fresno Housing Joint Board Meetings of the Commissioners Agenda Packet 2026-06-23
HRFC Predevelopment Loan Approved for Cordillera Commons II
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Description
The Housing Authority of the City of Fresno approved an HRFC predevelopment loan of up to $500,000 at 5% interest to support planning and feasibility work for the Cordillera Commons Phase II affordable housing development in San Joaquin. The loan will be repaid from permanent project financing at closing.
Contract Details
Contract Amount
Up to $500,000
Vendor
HOUSING RELINQUISHED FUND CORPORATION
Agency
Housing Authority of Fresno county, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Contract Term
Predevelopment phase; to be repaid at financial closing
Renewal Info
Single predevelopment loan to be repaid from project financing; no renewal terms stated.
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APPROVEDIssuing Agency
Housing Authority of Fresno county
Local Housing Authority
Fresno, CA
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