File #: 25-0263    Version: 1
Status: Agenda Ready
File created: 1/6/2025 In control: City Council
On agenda: 3/11/2025
Title: Prohousing Incentive Pilot Program Loan Agreements with Mulberry Gardens Family, L.P., for $1,000,000 for 149 affordable housing units and manager unit located at 2524 Mulberry Street and Sunrise at Bogart L.P., for $1,440,000 for 22 affordable housing units and manager unit located at 11049 Bogart Street - A Resolution of the City of Riverside, California, authorizing the submission of an application for, and acceptance of any funds from, the Prohousing Incentive Program Round Three Program administered through the State of California Department of Housing and Community Development and authorizing the execution of necessary grant documents by the City Manager, or Designee - Waive further reading - Supplemental appropriation - Five affirmative votes required (Wards 1 and 7)
Attachments: 1. Report, 2. Resolution, 3. Mulberry Family Gardens. L.P. Loan Agreement, 4. Sunrise at Bogart L.P. Loan Agreement