REPORT TO THE CITY COUNCIL
FROM: JENNIFER CLARK, Director
Planning and Development Department
PHIL SKEI, Assistant Director
Planning and Development Department
BY: JENNIFER DAVIS, Senior Management Analyst
Housing Finance Division
SUBJECT
Title
Approve a First Amendment to the Permanent Local Housing Allocation (PLHA) Agreement with Housing Authority of the City of Fresno in the amount of $3,000,000 for the pre-development and construction of the Heritage Estates homeownership development project located at East Florence Avenue and South Plumas Street in Southwest Fresno, California (District 3)
Body
RECOMMENDATION
Staff recommends the City Council approve the First Amendment to a Permanent Local Housing Allocation (PLHA) Agreement with the Housing Authority of the City of Fresno in the amount of $3,000,000 for the pre-development and construction of the Heritage Estates homeownership development project located at East Florence Avenue and South Plumas Street in Southwest Fresno.
EXECUTIVE SUMMARY
The Heritage Estates homeownership development project is a proposed subdivision consisting of 33 single-family homes located on the south side of the intersection of East Florence Avenue and South Plumas Street in Southwest Fresno (Project). Approving the First Amendment to the PLHA Agreement with Housing Authority of the City of Fresno (Housing Authority) in the amount of $3,000,000 will facilitate the pre-development and construction of the Project. The total cost of the proposed development is estimated at $13,316,107 and the projected construction completion date is December 2026.
BACKGROUND
The Heritage Estates Project is a proposed subdivision consisting of 33 single-family homes located on approximately 7.71 acres of vacant land at the south side of the intersection of East Florence Avenue and South Plumas Street, between South Walnut and South Fruit Avenues, and further identified as Assessor Parcel Number 477-060-04T (Pro...
Click here for full text