Resolution No. 2025-389
Resolution 2025-389
November 5, 2025
RESOLUTION NO. 2025-389
RESOLUTION OF THE MAYOR AND CITY COUNCIL OF
THE CITY OF SAN BERNARDINO, CALIFORNIA,
AUTHORIZING THE DIRECTOR OF FINANCE AND
MANAGEMENT SERVICES TO AMEND THE FISCAL
YEAR 2025/2026 OPERATING AND CAPITAL BUDGET BY
$4 MILLION ALLOCATION OF $1,985,401 IN PERMANENT
LOCAL HOUSING ALLOCATION FUNDS AND $2,014,599
IN LOW AND MODERATE INCOME HOUSING ASSET
FUNDS
WHEREAS, the City of San Bernardino (City) recognizes the importance of community development initiatives in enhancing the quality of life for its residents; and WHEREAS, E. Street Veterans Apartments, LP, a California Limited Partnership (“Borrower”), proposes to develop a 30 -unit affordable rental housing project known as the E.
Street Veterans Apartments (“Project”) located at 1351 North E Street, San Bernardino, California; and
WHEREAS, the Project will provide permanent supportive housing for homeless veterans earning between 30% and 50% of the Area Median Income (AMI), consistent with City and State housing priorities; and
WHEREAS, the total estimated development cost of the Project is approximately $27,473,000, financed with various public and private sources , including tax credit equity, state and county loans, land contribution, and a capitalized operating subsidy reserve; and WHEREAS, a $4,000,000 funding gap remains, which the Borrower has requested be filled through two City loans using $1,985,401 Permanent Local Housing Allocation (PLHA) and $2,014,599 Low/Moderate Income Housing Asset (Low Mod) funds; and WHEREAS, the Mayor and City Council authorizes the Director of Finance and Management Services to amend the Fiscal Year 2025/2026 operating and capital budget by $4 million in PLHA funds and in Low Mod funds; and
WHEREAS, the Loan and Regulatory Agreements will impose affordability restrictions on the Project for 55 years from the date of Certificate of Occupancy, consistent with PLHA and Low Mod requirements; and
BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The above recitals are true and correct and are incorporated herein by this reference.
Resolution No. 2025-389
Resolution 2025-389
November 5, 2025
SECTION 2. The Director of Finance & Management Services is authorized to amend the Fiscal Year 2025/2026 operating and capital budget by $4 million allocation of $1,985,401 in PLHA funds and $2,014,599 in Low Mod funds.
SECTION 4. The City Manager, the Director of Community Development and Housing, or their designee are authorized to take any further actions and execute any further agreements , amendments, or documents as necessary to effectuate the development of the Project.
SECTION 5. The Mayor and City Council find this Resolution is not subject to the California Environmental Quality Act (CEQA) in that the activity is covered by the general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment. Where it can be seen with certainty, as in this case, that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA.
SECTION 6. Severability. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications, and to this end the provisions of this Resolution are declared to be severable.
SECTION 7. Effective Date. This Resolution shall become effective immediately.
APPROVED and ADOPTED by the City Council and signed by the Mayor and attested by the City Clerk this 5
th day of November 2025.
Helen Tran, Mayor
City of San Bernardino
Attest:
Telicia Lopez, CMC, City Clerk
Approved as to form:
Sonia Carvalho, City Attorney
Resolution No. 2025-389
Resolution 2025-389
November 5, 2025
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO) ss
CITY OF SAN BERNARDINO )
I, Telicia Lopez, CMC, City Clerk, hereby certify that the attached is a true copy of Resolution No. 2025-389, adopted at a regular meeting held on the 5th day of November 2025 by the following vote:
Council Members: AYES NAYS ABSTAIN ABSENT
SANCHEZ _____ _____ _______ _______
IBARRA _____ _____ _______ _______
FIGUEROA _____ _____ _______ _______
SHORETT _____ _____ _______ _______
KNAUS _____ _____ _______ _______
FLORES _____ _____ _______ _______
ORTIZ _____ _____ _______ _______
WITNESS my hand and official seal of the City of San Bernardino this ___ day of ____________ 2025.
Telicia Lopez, CMC, City Clerk