DATE: June 30, 2026
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Affordable Housing Agreement with Selma Elderly L.P. (with Self-Help Enterprises Acting in the Role of Developer) to Preserve, Rehabilitate, and Operate 11 Units of Affordable Multifamily Senior Rental Housing for 15 Years in the City of Selma and a Loan Repayment Period of 55 Years
RECOMMENDED ACTION(S):
TITLE
1. Adopt Resolution delegating the Board's signature authority to the Director of Public Works and Planning to execute documents required for the Selma Heritage Project subject to specified limits and conditions; and
2. Conditionally approve and authorize the Director of Public Works and Planning, subject to the requirements of the Board's Resolution, to execute an Affordable Housing Agreement, in substantially the form as attached to this item, and its associated loan documents and all necessary amendments, with Selma Elderly L.P., as developed by Self-Help Enterprises with tax credit investors; funding would support the preservation, rehabilitation, and operation of a 24-unit senior rental housing facility in the City of Selma (currently known as Selma Elderly, to be renamed Selma Heritage), and features a 15-year affordability restriction for 11 units and a maximum 55-year repayment term for an interest-bearing loan ($2,000,000).
REPORT
There is no Net County Cost (NCC) inherently associated with the recommended actions, but by the design of the Federal program, the County will incur long-term monitoring costs dependent on continued grant funding. Approval of the first and second recommended actions will support the continuing affordability and rehabilitation of a 1979 affordable housing apartment complex of 24 single-bedroom units (23 affordable) for seniors age 62+ at 2745 Wright Street, Selma, CA 93662, currently known as Selma Elderly, by conditionally authorizing a future execution of the County's Affordable ...
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