Legislation Details

File #: 26-0593   
On agenda: 6/30/2026 Final action:
Enactment date: Enactment #:
Recommended Action(s)
 		1. Adopt Resolution delegating the Board's signature authority to the Director of Public Works and Planning to execute documents required for the Reedley 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 Reedley Elderly L.P., as developed by Self-Help Enterprises with tax credit investors; funding would support the preservation, rehabilitation, and operation of a 23-unit senior rental housing facility in the City of Reedley (currently known as Reedley Elderly, to be renamed Reedley 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).
Attachments: 1. Agenda Item, 2. Resolution, 3. Fair Housing Analysis, 4. On file with Clerk - Example Affordable Housing Agreement, 5. On file with Clerk - Example Promissory Note, 6. On file with Clerk - Example Federal HOME Regulatory Agreement and Declaration, 7. On file with Clerk - Example Deed of Trust
Date Action ByActionResultAction DetailsAgenda MaterialsVideo
No records to display.
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 Reedley 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 Reedley 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 Reedley 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 Reedley Elderly L.P., as developed by Self-Help Enterprises with tax credit investors; funding would support the preservation, rehabilitation, and operation of a 23-unit senior rental housing facility in the City of Reedley (currently known as Reedley Elderly, to be renamed Reedley 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 1978 affordable housing apartment complex of 23 single-bedroom units (22 affordable) for seniors age 62+ at 172 S. East Avenue, Reedley, CA 93654, currently known as Reedley Elderly, by conditionally authorizing a future execution of the Co...

Click here for full text