Town of Paradise Town Council Meeting Agenda Packet May 12, 2026
North Valley Housing Trust Administers PLHA Housing Funds
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Description
The Town of Paradise is partnering with North Valley Housing Trust to deploy PLHA funds for affordable housing, including a $400,000 predevelopment loan for the Cape Cod multifamily project and loans for single-family homes. Additional matching funds will support new construction on Cottage Lane.
Contract Details
Contract Amount
$400,000 predevelopment loan; $75,000 loan; $120,000 matching funds commitment
Vendor
NORTH VALLEY HOUSING TRUST
Agency
Town of Paradise, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Date
2026-06-30
Renewal Info
PLHA operates on a five-year funding cycle, with the next NOFA expected in Q2 2026; future allocations will continue through that cycle.
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