...Title
Actions Related to the Trillium Senior Apartments Housing Development Located at 675 East Santa Clara Street.
...Recommendations
(a) Adopt a resolution approving a Construction-Permanent Loan commitment of up to $9,050,000 in Low and Moderate Income Housing Asset Funds to Santa Clara County Housing Authority or an affiliated development entity for the Trillium Senior Apartments affordable housing development.
(b) Adopt the following 2025-2026 Appropriation Ordinance amendments in the Low and Moderate Income Housing Asset Fund:
(1) Decrease the Housing Project Reserve appropriation by $9,050,000; and
(2) Increase the Housing Loans and Grants appropriation to the Housing Department by $9,050,000.
CEQA: Exempt per Public Resources Code Section 21080(b)(1) and CEQA Guidelines Section 15369, Ministerial Project pursuant to Government Code Section 65913.4, File No. ER20-109. Council District 3. (Housing/City Manager)