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Milpitas City Council Votes on Financing for Sango Court

May 7 @ 7:00 pm - 9:00 pm

Join the Housing Ready Communities Action Network on Tuesday evening at 7pm at Milpitas City Council to ask councilmembers to approve the staff recommendation and provide $6.5 million in financing for a new supportive housing and extremely low income (ELI) affordable housing development.

City of Milpitas financing is essential to ensure the successful construction of this important housing development. The development has already received financing from the County of Santa Clara 2016 Measure A Affordable Housing Bond, and is being developed by RCD Housing. Both are important partners in our collective work to prevent and end homelessness.

Agenda excerpt:

HOUSING AUTHORITY: Adopt a Resolution Authorizing $6.5 million development loan for Sango Court for 355 Sango Court Affordable Housing Development and Approve Budget  Appropriation (Staff Contact: Sharon Goei, 408-586-3260) 

Recommendations: 1. Adopt a Resolution of the Milpitas Housing Authority to authorize the development loan to Sango Court L.P. in the amount of $6.5 million. 2. Approve a budget appropriation of $6.5 million from the Housing Authority Fund reserve into the FY 2018-19 Nondepartmental Operating Budget.

City Council agenda: http://www.ci.milpitas.ca.gov/_pdfs/council/2019/050719/Agenda.pdf

Details

Date:
May 7
Time:
7:00 pm - 9:00 pm

Monthly Meetings

Although meetings of specific importance will be added individually to the calendar, these monthly meetings may be of interest on an ongoing basis:

Housing, Land Use, Environment, and Transportation (HLUET) Committee – Typically meets at 10am on the third Thursday each month. As a regular agenda item, the County Office of Supportive Housing presents its monthly system data report at these meetings. For details, select HLUET Committee in the drop-down menu in the left sidebar on the County of Santa Clara website.

Housing and Community Development Commission – Typically meets at 5:45pm on the second Thursday of each month. For details, see the Commission calendar on the City of San Jose website.