City Council

Item S401: Affordable Housing Loan Agreement-Cuatro at City Heights, L.P.\n(Added 3/17/23)\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:\nThis action will authorize an expenditure of up to $4 million total for the City’s Loan\nconsisting of not-to-exceed $1 million from the City’s Low and Moderate Income\nHousing Asset Fund, and not-to-exceed $3 million from City’s Permanent Local Housing\nAllocation Fund.\nCouncil District(s) Affected: 9.\nProposed Actions:\n(R-2023-496)\nResolution of the Council of the City of San Diego approving the Loan Agreement for the\nCuatro at City Heights affordable housing project within the Mid-City Community Plan\narea and authorizing a related loan in an amount not-to-exceed $4 million to the project\ndeveloper, Cuatro at City Heights, L.P.\nCommittee Actions Taken: N/A\nEconomic Development: Christina Bibler, (619) 236-6421\nCity Attorney Contact: Kate Malcolm