City Council

Item S503: Approval of an Affordable Housing Loan Agreement with Glacier LP, in an Amount\nof $4,000,000 for the Goodwin on Glacier Affordable Housing Project. (Added\n3/19/25)\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nThe cost of this loan agreement is not to exceed $4,000,000.00. The loan agreement will\nbe funded by Low and Moderate Income Housing Asset Funds.\nCouncil District(s) Affected: 7.\nProposed Actions:\n(R-2025-457)\nResolution authorizing the Mayor, or his designee, to enter into a Loan Agreement with\nGlacier LP, in an amount not to exceed $4,000,000, to develop the Goodwin on Glacier\naffordable senior housing project which includes approximately 131 residential\napartments.\nCommittee Actions Taken: N/A\nEconomic Development: Christina Bibler, (619) 236-6421\nCity Attorney Contact: Daphne Z. Skogen