Memorandum
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The memorandum discusses the approval of a construction loan commitment to Amigos de Guadalupe Center for Justice and Empowerment for the rehabilitation of the property at 318 North 6th Street, aimed at preserving affordable transitional housing. The proposed loan of up to $500,000 will support the rehabilitation of Casa de Clara, which will provide seven units of transitional housing for extremely low-income families, women, and children facing housing insecurity. The project is part of the City’s Small Sites Rehabilitation Program and is expected to leverage additional funding from Destination: Home. The memorandum outlines the project’s background, analysis, financing, and anticipated timeline for completion.
Key points
- Approval of a construction loan commitment of up to $500,000 to Amigos de Guadalupe Center for Justice and Empowerment.
- The project aims to rehabilitate Casa de Clara at 318 North 6th Street for affordable transitional housing.
- The project will preserve seven units for extremely low-income families, women, and children.
- The Developer has secured $1,000,000 from Destination: Home for the project.
- The rehabilitation will include exterior and interior upgrades, site improvements, and soft costs.
- The project is part of the City’s Small Sites Rehabilitation Program launched in 2026.
- No permanent tenant relocation is anticipated during the rehabilitation.
Limitations
- The text includes placeholders and unresolved sections, such as specific dates and budget details that are not fully filled in.
- The document appears to be a draft, as indicated by the presence of 'Approved' and 'Date:' fields without complete information.
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