Authorize Director or designee to utilize Fund 15G Reserves ($4,100,000) for construction-to-permanent loan financing for development of Avon River Apartments, 1400 Bristol, Costa Mesa; approve up to $1,314,539 structured as a 15-year amortized loan repaid to County on an annual basis; approve increase to previously approved capital loan commitment to American Family Housing ($4,100,000; new total $10,881,520) including per unit loan limits exceeding non-Mental Health Services Act loan limits; and authorize Director or designee to execute subordination agreements, loan documents and related documents under certain conditions
Meeting Date
05/19/2026
Item
60
| Classification | Title | Modified Date | File Name | |
|---|---|---|---|---|
| Agenda Staff Report | Agenda Staff Report | 04/30/2026 09:47 AM | ASR-26001156.pdf | View Accessible Document |
| Attachments | Attachment A – California Code of Regulations Title 14 Section 15378 | 04/30/2026 09:47 AM | Attachment A – California Code of Regulations Title 14 Section 15378.pdf | View Accessible Document |
| Attachments | Attachment B – Code of Federal Regulations Title 24 Subtitle A Part 58 | 04/30/2026 09:47 AM | Attachment B – Code of Federal Regulations Title 24 Subtitle A Part 58.pdf | View Accessible Document |