Predevelopment funding for Cordillera Commons Phase II in San…
Housing Authority of Fresno countyCalifornia- Detected
- Jun 23, 2026
- 133 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
At the June 23, 2026 joint meeting, Fresno Housing sought and received authorization for an HRFC predevelopment loan of up to 500000 for Cordillera Commons Phase II, a planned 56-unit expansion of its existing affordable housing development in San Joaquin, CA. The phase will offer 1–3 bedroom units serving households at 30–80 percent of AMI and is envisioned as a family-oriented community with amenities comparable to market-rate properties, potentially leveraging a transfer of rental assistance from the nearby Taylor Terrace public housing site.
The HRFC loan will fund planning, feasibility analysis, entitlement, and other predevelopment activities and will be repaid upon securing the full capital stack and closing on permanent financing. With Silvercrest as development partner and multiple future funding streams anticipated, there is a clear need for third-party support in site planning, architecture, engineering, environmental review, LIHTC applications, and eventually construction and operations. Vendors can engage around family-oriented design, capital structuring, and repositioning of Taylor Terrace assistance into the new community.
Cordillera Commons Phase I already has HCD HOME awarded and other subsidies pending; Phase II will likely follow similar LIHTC/HCD structure. Rental assistance transfer from Taylor Terrace signals need for relocation planning and community engagement.
From the meeting
- Source
- Predevelopment funding for Cordillera Commons Phase II in San Joaquin
- Meeting date
- June 23, 2026
- Agency
- Housing Authority of Fresno county
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