Council tables proposed $15M affordable-housing loan pool

Fresno City Council tabled a proposal to seek a $15 million HUD Section 108 loan for a citywide pool serving nonprofit affordable-housing developers. The money would support land purchases and manufactured-home acquisitions, with future Community Development Block Grant awards pledged for repayment. The proposal would have set aside $14.913 million for the loan pool and $87,000 for the financing fee. The council tabled the matter Nov. 5, 2026.

***RESOLUTION - Adopting Substantial Amendment 2025-02 to the Fiscal Year 2025-2026 Annual Action Plan; authorizing submission to the U.S. Department of Housing and Urban Development to apply for a $15 million Section 108 Loan to fund a loan pool for non-profit developers of affordable housing for land acquisition and acquisition of manufactured homes to support the development of affordable housing; and authorizing the City Manager or designee to sign all necessary implementing documents required by HUD (Subject to Mayor’s Veto)

Nov 5, 2026ID 26-1372: ***RESOLUTION - Adopting Substantial Amendment 2025-02 to the Fiscal Year 2025-2026 Annual Action Plan; authorizing submission to the U.S. Department of Housing and Urban Development to apply for a $15 million Section 108 Loan to fund a loan pool for non-profit developers of affordable housing for land acquisition and acquisition of manufactured homes to support the development of affordable housing; and authorizing the City Manager or designee to sign all necessary implementing docuSource documentPDF