1.-L. ID 22-1142 Actions pertaining to the land acquisition, predevelopment costs, and hard construction costs of Sarah's Court Apartments, a 120-unit affordable rental housing project, to be located at 200 N. Salma Avenue in southeast Fresno as part of the Fancher Creek Master Plan Development (District 5).
1. Authorize the City Manager to execute a Permanent Local Housing Allocation (PLHA) Agreement with FCTC Family, LP, in the amount of $530,966; and
2. Approve a Community Development Block Grant (CDBG) Agreement with FCTC Family, LP, in the amount of $2,480,000; and
3. Approve a HOME Investment Partnerships Program Agreement with FCTC Family, LP, in the amount of $3,169,034