CITY OF FAIRFIELD
RESOLUTION NO. 2025-14
APPROVING THE ALLOCATION OF LOCAL HOUSING TRUST FUNDS TO DANCO HOMES, LLC FOR
THE ACQUISITION AND REDEVELOPMENT OF PERMANENT SUPPORTIVE HOUSING IN THE CITY
OF FAIRFIELD
WHEREAS, Danco Homes LLC is a non-profit developer with more than 25 years of development experience including multi-family, senior, and permanent and supportive affordable housing; and
WHEREAS, through a Notice of Funding Availability (NOFA) process, Danco has demonstrated the ability to acquire, rehabilitate, and operate Permanent Supportive Housing projects for at-risk of homeless and homeless individuals; and
WHEREAS, Danco Homes, LLC is currently negotiating a Purchase and Sale agreement for the hotel located at 3331 N. Texas St. to purchase and rehabilitate the property for the specified population. The project will consist of up to 100 units to be used for permanent supportive housing; and
WHEREAS, the development of these affordable units will help the City meet its affordable housing development obligation under the Regional Housing Needs Assessment (RHNA); and
WHEREAS, the City has established and funded the Fairfield Housing Trust Fund per Ordinance No. 2021-24, City Resolution No. 2021-304, and Fairfield Housing Authority Resolution No. 2021- 15, in the amount of $1,100,000; and
WHEREAS, Danco submitted a proposal for this project , which was ranked and reviewed by a panel that determined that the project met all of the criteria for the Local Housing Trust Fund allotment of $1,000,000.
NOW, THEREFORE, THE COUNCIL OF THE CITY OF FAIRFIELD HEREBY RESOLVES:
Section 1. The city manager or his designee ( authorized officer) is authorized to set aside and direct $1,000,000 from the Fairfield Housing Trust Fund d uring Fiscal Year 2024-2025 and up to $535,542 in ProHousing Incentive Program (PIP) funds to support the development of the Affordable Units. These funds will be memorialized through a letter of funding commitment to the developer.
Section 2. The authorized officer is authorized to execute and deliver, for and in the name of the City of Fairfield, the Development Loan Agreement in substantially such form, with such additions or changes as the authorized officer executing the same, may approve (such approval to be conclusively evidenced by such authorized officer’s execution and delivery thereof) and to do all things necessary or proper to implement the Development Loan Agreement, including the RES. NO. 2025-14
execution and recordation of agreements and documents con templated by the Development Loan Agreement.
PASSED AND ADOPTED this 21st day of January 2025 by the following vote:
AYES: MEMBERS: MOY / BERTANI / CARR /PANDURO / SANDHU/ TONNESEN / WILLIAMS_
NOES: MEMBERS:
ABSENT: MEMBERS:
ABSTAIN: MEMBERS:
______________________________________________________
MAYOR
ATTEST:
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CITY CLERK