City Council

Item 201:\nApproval of an Affordable Housing Loan Agreement with Alpha Street Housing,\nL.P., in an Amount of $4,500,000 for the 40th & Alpha Apartments Affordable\nHousing Project.\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 loan agreement will be funded with $4,500,000 from the City's Low and Moderate\nIncome Housing Asset Fund.\nCouncil District(s) Affected: 8.\nProposed Actions:\n(R-2026-402)\nResolution of the Council of the City of San Diego approving the Loan Agreement for the\n40th and Alpha Apartments Affordable Housing Project within the Southeastern San\nDiego Community Plan Area, authorizing a loan in an amount not to exceed $4.5 million\nto the Project Developer, Alpha Street Housing, LP., and related actions.\nCommittee Actions Taken: N/A\nEconomic Development: Christina Bibler, (619) 236-6421\nCity Attorney Contact: Kate Malcolm