Cities Index.
4. Overview-Affordable Housing

Fresno City Council
June 7, 2023

Document
4. Overview-Affordable Housing
Meeting
June 7, 2023
Body
Fresno City Council
Original file
456 KB
Text extracted from the city's file for reading and search. Open the original on legistar2.granicus.com. That file is the official record.

Enforceable Obligations -
Housing Asset Transfer
Extremely Low
(30% or less of AMI)
Very Low
(60% or less of AMI)
Lower
(80% or less of AMI)
Moderate
(120% or less of AMI)Total
Hotel Fresno $456,962 $505,063 $913,924 - $1,900,000
Fultonia West - $870,000 - - $870,000
L Street - - - $1,440,000 $1,440,000
1612 Fulton - - - $1,900,000 $1,900,000
1608 Broadway - - - $1,600,000 $1,600,000
1636-1660 Broadway - - - $1,880,000 $1,880,000
Fulton/Calaveras - - - $3,500,000 $3,500,000
Edison Plaza - - $5,665,000 - $5,665,000
sub-total $456,962 $1,375,063 $6,578,924 $10,320,000 $18,755,000 Program Income Funds 30% 60% 80% 120% Total
Annadale - Senior Housing $984,615 $2,215,385 - - $3,200,000 Annadale - Single Family - $90,000 $210,000 - $300,000
Blackstone/McKinley $2,200,000 - - - $2,200,000
329 N College - - $26,000 - $26,000
473 N Glenn $25,000 - - - $25,000
Walnut & Florence - $730,000 - - $730,000
1740 Van Ness - - $482,553 - $482,553
450 M Street - - $662,486 - $662,486
Heritage Estates - $1,200,000 $0 - $1,200,000
sub-total $3,209,615 $4,235,385 $1,381,039 $0 $8,826,039

36.4% 48.0% 15.6% 0.0% 100.0%
TOTAL $3,666,577 $5,610,448 $7,959,963 $10,320,000 $27,581,039 30% 60% 80% 120%
Total
Affordable
Units MR
Total Units
(including
Market Rate)
Hotel Fresno 19 21 38 - 78 1 79
Fultonia West - 30 - - 30 15 45
L Street - - - 9 9 19 28
1612 Fulton - - - 12 12 18 30
1608 Broadway - - - 19 19 - 19
1636-1660 Broadway - - - 12 12 15 27
Fulton/Calaveras - - - 21 21 41 62
Edison Plaza - - 118 - 118 - 118
Annadale - Senior Housing 12 27 - - 39 - 39
Annadale - Single Family - 6 14 - 20 - 20
Blackstone/McKinley 18 69 - - 87 1 88
329 N College - - 1 - 1 - 1
473 N Glenn 1 - - - 1 - 1
Walnut & Florence - 14 - - 14 - 14
1740 Van Ness - - 6 - 6 22 28
450 M Street* - 2 1 3 - 3
Heritage Estates - 22 11 - 33 - 33
*including FRC sources TOTAL 50 189 190 74 503 132 635 30% 60% 80% 120%
Hotel Fresno $24,051 $24,051 $24,051 -
Fultonia West - $29,000 - -
L Street - - - $160,000
1612 Fulton - - - $158,333
1608 Broadway - - - $84,211
1636-1660 Broadway - - - $156,667
Fulton/Calaveras - - - $166,667
Edison Plaza - - $48,008 -
Annadale - Senior Housing $82,051 $82,051 - -
Annadale - Single Family - $15,000 $15,000 -
Blackstone/McKinley $122,222 - - -
329 N College - - $26,000 -
473 N Glenn $25,000 - - -
Walnut & Florence - $52,143 - -
1740 Van Ness - - $80,426 -
450 M Street - - $331,243 -
Heritage Estates - $54,545 - -
**other funding sources not included
Affordable Housing Development - Average HSA Contribution per Unit** Overview - Affordable Housing Development HSA 2012-2023 Affordable Housing Development Expenditures by Income Target Requirements Affordable Housing Units by Income Level

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