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