Fresno proposes $15M loan pool for affordable housing developers

Fresno is proposing to seek a $15 million HUD Section 108 loan to create a citywide pool for nonprofit affordable-housing developers to buy land and manufactured homes. Future Community Development Block Grant funds would repay the 20-year loan. The council is scheduled to consider the plan Nov. 5, 2026, after a 30-day public-comment period; the record does not show a vote.

***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 12, 2026ID 26-1506: ***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