DATE: June 24, 2025
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Partial Forgiveness of Loan to Habitat for Humanity, Inc. to Construct Country Meadows II Affordable Housing
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the Chairman to execute First Amendment to Agreement No. A-20-309 with Habitat for Humanity Fresno, Inc., to allow the option for conversion of the balance of the loan of HOME Investment Partnerships Program funds for the construction of Country Meadows II into a grant ($97,065); and
2. Approve and authorize the Director of Public Works and Planning, or designee identified in writing, upon review and approval by County Counsel as to legal form and the Auditor-Controller/Treasurer-Tax Collector as to accounting form, to execute amendments to loan and related documents, including, but not limited to Substitution of Trustee and Deed of Full Reconveyance, necessary to forgive repayment of the remaining loan balance associated with the development of affordable single-family homes by Habitat for Humanity Fresno, Inc. in the Country Meadows II project in Riverdale, CA with a maximum forgivable amount of $97,065.
REPORT
There is no Net County Cost associated with the recommended actions, which together will remove the requirement to repay approximately 21.6% of a $450,000 loan to develop affordable single-family housing, resulting in a decrease in anticipated Program Income from the Federal HOME Investment Partnerships (HOME) program. The generation of Program Income is not required by the funding source, and the HOME program permits grants of its funding. This item pertains to a location in District 4.
ALTERNATIVE ACTION(S):
If the recommended actions are not approved, Habitat for Humanity Fresno, Inc. (Habitat) has indicated to Department staff that adhering to the existing loan repayment timeframe of five years, ending September 9, 2025, would negatively impact th...
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