Increase city loan by $2 million for Civic Center homeless housing project
In Plain English
The city already loaned $8.3 million to convert a motel into 49 apartments for chronically homeless residents. The developer needs an additional $2 million to complete construction. If approved, the city's total loan reaches $10.3 million for the project.
Auto-generated summary. Source: official agenda documents.
Votes
To approve the item
7 to 0
Why This Vote Matters
The council unanimously approved an additional loan to cover capital costs for the Civic Center Apartments project, which is part of the state's Homekey program that converts buildings into affordable housing. This means the city will provide more funding beyond what was originally planned to complete construction or improvements at this housing development. The specific loan amount was not disclosed in the council materials. This continues the council's consistent pattern of supporting housing initiatives.
Auto-generated context. Source: official meeting records.
Public Comments
1 person commented (1 spoke at the meeting).
Similar Discussions
5 related items found by meaning
Increase loan to $10.3 million for Civic Center homeless housing project
Approve revised deal to buy Motel 6 on 24th Street for homeless housing
Ratify city manager's amendments to Motel 6 purchase for homeless housing
Increase loan to Carquinez Associates by $301,000 for apartment rehabilitation
Authorize property purchase at 425 24th Street for 48-unit homeless housing project
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