Legislation Details

File #: 26-275    Version: 1 Name:
Type: Consent Status: Agenda Ready
File created: 10/26/2026 In control: City Council
On agenda: 11/10/2026 Final action:
Title: Housing Asset Funding Commitment Letter to Eden Housing, Inc. RECOMMENDATION: By resolution, approve a commitment letter outlining preliminary loan terms for the award of $2,500,000 in Housing Asset Funds to Eden Housing, Inc. to support affordable housing rehabilitation and development and authorize staff to negotiate, draft, and execute loan documents that carry out the terms of the commitment letter.
Attachments: 1. Staff Report, 2. Attach 1 - Resolution, 3. Attach 2 - Eden Loan Commitment Letter
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Title

Housing Asset Funding Commitment Letter to Eden Housing, Inc.

RECOMMENDATION:

By resolution, approve a commitment letter outlining preliminary loan terms for the award of $2,500,000 in Housing Asset Funds to Eden Housing, Inc. to support affordable housing rehabilitation and development and authorize staff to negotiate, draft, and execute loan documents that carry out the terms of the commitment letter.