City Council

5.8\nAffordable Housing: Approve up to $4.0 Million for an Affordable Housing Development to be\nLocated at 201 Third Ave\nReport Number: 25-0160\nLocation: 201 Third Avenue\nDepartment: Housing and Homeless Services\nG.C. § 84308 Regulations Apply: Yes\nEnvironmental Notice: This project is exempt from the California Environmental Quality Act\n(CEQA) pursuant to 14 California Code of Regulations Section 15300.1 (Relation to Ministerial\nProjects).\nRECOMMENDED ACTION:\nAdopt a Housing Authority resolution awarding a loan of up to $4.0M to Community\nHousingWorks for the development of affordable housing, from previously appropriated funds\nin the Low and Moderate Income Housing Asset Fund, and authorizing the Director of the\nHousing Authority to negotiate and execute a loan agreement, regulatory agreement, and all\nassociated loan documents, and to carry out all other actions necessary for the development of\nthe Project. (4/5 Vote Required)\nJune 6, 2025 Revised Agenda\nPage 5 of 8\nCity of Chula Vista - City Council