March 18, 2026
Ms. Tish Kelly
Jamboree Housing Corporation
17701 Cowan Avenue, Suite 200
Irvine, CA 92614
Re: Preliminary Award by City of Costa Mesa of HOME Funds for Jamboree Senior Housing Project in Costa Mesa, California
Dear Ms. Kelly,
I am pleased to inform you that the City Council for the City of Costa Mesa ("City") has approved a total loan funding commitment of $750,000 to Jamboree Housing Corporation ("Developer"), to provide local match funds for costs associated with the construction of the Jamboree Senior Housing Project located at 695 West 19th Street, Costa Mesa, CA 92627 ("Project"), into a 100% affordable senior housing development (including permanent supportive housing), subject to the terms of this letter.
Fund Source: HOME Investment Partnership Program (HOME) funds Amount: $750,000
Approval Date: March 17, 2026
A copy of the City Council's action approving this funding commitment is forthcoming. The City's funding commitment is conditional on the parties reaching final and mutually agreeable terms of a funding and regulatory agreement, and promissory note, setting forth each parties' rights and obligations.
Sincerely,
Cecilia Gallardo-Daly
City Manager
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March 18, 2026
Mr. Myles A. Peinemann II
Chief Executive Officer
American Family Housing
15161 Jackson Street
Midway City, CA 92655
Re: Preliminary Award by City of Costa Mesa of HOME Funds for the Avon River Apartments at 1400 Bristol Street in Costa Mesa, California Dear Mr. Peinemann,
I am pleased to inform you that the City Council for the City of Costa Mesa ("City") has approved a total loan funding commitment of $750,000 to American Family Housing ("Developer"), to provide local match funds for costs associated with the construction of the Avon River Apartments located at 1400 Bristol Street, Costa Mesa, CA 92627 ("Project"), into permanent supportive housing, subject to the terms of this letter.
Fund Source: HOME Investment Partnership Program (HOME) funds Amount: $750,000
Approval Date: March 17, 2026
A copy of the City Council's action approving this funding commitment is forthcoming. The City's funding commitment is conditional on the parties reaching final and mutually agreeable terms of a funding and regulatory agreement, and promissory note, setting forth each parties' rights and obligations.
Sincerely,
Cecilia Gallardo-Daly
City Manager
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