Title
Consideration of Alta Housing Notice of Funding Availability Proposal:
1020 Terra Bella Avenue
Recommended Action
The proposed development will provide 108 units of affordable housing for households at or below 60% AMI. Staff recommends the NOFA Review Committee forward the funding proposal to the City Council for review and reserve a loan amount of $13.5 million, of which $1.3 million will be used for approved predevelopment activities.