...Title
Approval of a Construction Loan Commitment to Amigos de Guadalupe Center for Justice and Empowerment for the Rehabilitation of the Property Located at 318 North 6th Street for the Preservation of Affordable Transitional Housing.
...Recommendations
(a) Adopt a resolution:
(1) Approving a construction loan commitment of up to $500,000 to Amigos de Guadalupe Center for Justice and Empowerment, a California nonprofit public benefit corporation, for the rehabilitation of Casa de Clara located at 318 North 6th Street, to operate as affordable transitional housing; and
(2) Authorizing the Director of Housing, or his designee, to negotiate and execute loan documents and all other agreements, instruments, certifications, and documents related to the loan and the Casa de Clara development, including any related amendments, extensions, and modifications thereto.
(b) Adopt the following 2026-2027 Appropriation Ordinance Resolution amendments in the Real Property Transfer Tax Fund:
(1) Decrease the Measure E - 40% Extremely Low-Income Households Reserve (Use) appropriation by $500,000; and
(2) Establish the Measure E - 40% Extremely Low-Income Households appropriation in the amount of $500,000.
CEQA: Categorically Exempt, File No. ER26-074 (Casa de Clara Rehabilitation), CEQA Guidelines Section 15301, Existing Facilities. Council District 3. (Housing/City Manager)