2.-Z. ID 24-154 Actions pertaining to Sarah's Court Phase II Apartments, a 120-unit affordable multifamily 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. Approve a Community Development Block Grant (CDBG) loan Agreement in the amount of $2.4 million with FCTC Family II, LP, for land acquisition; and
2. ***RESOLUTION - to support FCTC Family II, LP's Low-Income Housing Tax Credit Application for the development of Sarah's Court Phase II; and to provide a conditional commitment of HOME Investment Partnership Program (HOME) loan funds in an amount not to exceed $3 million to the Project (Subject to Mayor's veto)