Resolution No. 2025-407
Resolution 2025-407
December 17, 2025
RESOLUTION NO. 2025-407
RESOLUTION OF THE MAYOR AND CITY COUNCIL OF
THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING A CONDITIONAL FUNDING COMMITMENT
FOR WEST FIFTH STREET HOUSING PARTNERS LP, AN
AFFILIATE OF JAMBOREE HOUSING CORPORATION,
FOR THE DEVELOPMENT OF AN AFFORDABLE
HOUSING PROJECT ON CITY- OWNED PROPERTY
LOCATED AT 5TH & MERIDIAN (KNOWN AS SURPLUS
LAND ACT SITE 12), INCLUDING: (1) A HOME
INVESTMENT PARTNERSHIPS PROGRAM LOAN IN THE
AMOUNT OF $5,000,000.00; (2) A LOW-MOD IMPACT FEE
LOAN OF $1,200,000; (3) A CITY LAND LOAN IN THE
AMOUNT OF $3.59 MILLION FOR THE PURCHASE PRICE
OF THE PROPERTY ; AND APPROVAL AN OPTION TO
PURCHASE THE REAL PROPERTY.
WHEREAS, the City of San Bernardino (City) is committed to supporting the development of high- quality affordable housing t o meet the needs of extremely low, very- low, low-income, and moderate-income residents; and
WHEREAS, the City owns approximately 3.5 acres of property located at 5th Street and Meridian Avenue, known as Surplus Land Act Site 12 (“Property”), which was declared surplus pursuant to Government Code Section 54220; and
WHEREAS, on July 10, 2024, the City selected West Fifth Street Housing Partners LP, (“Partnership”) an affiliate of Jamboree Housing Corporation, a California nonprofit public benefit corporation (“JHC”) (collectively “Developer”), to develop approximately 3.5 acres of city-owned surplus land, known as Site 12, for affordable housing (the “Project”); and WHEREAS, the Developer, has proposed to construct a 106-unit affordable rental housing development on the Property that will provide housing opportunities for families and individuals at or below 70 percent of Area Median Income (AMI), including units reserved for Transitional Age Youth, and households experiencing or at risk of homelessness; and WHEREAS, the City desires to support the Project through the provision of HOME funds, Low-Mod funds, the conveyance of the Property through a land loan, and approval of an Option to Purchase Agreement providing site control while maintaining City ownership until all financing is secured; and
WHEREAS, the Property was appraised at $3.59 million on January 15, 2025, which will serve as the principal balance of the City Land Loan, to be repaid from a portion of the Project’s residual receipts; and
Resolution No. 2025-407
Resolution 2025-407
December 17, 2025
WHEREAS, the City desires to provide further support to Developer for the Project by providing a loan for repayment of project-related impact and permit fees in the amount of $1.2 million, to be repaid from the Project’s permanent financing sources; and WHEREAS, the City desires to provide a Conditional Funding Commitment for the Project, subject to completion of all applicable program requirements, underwriting, environmental review, subsidy layering analysis, and final approval of all loan documents and the Disposition and Development Agreement (“DDA”); and
WHEREAS, the total value of the City’s conditional financial commitment is approximately $9.79 million, including the HOME Loan, City Land Loan, and the Low -Mod Impact Fee Loan; and
WHEREAS, the City Manager and City Attorney shall review all documents required to implement the Project and return the final DDA, City HOME Loan, City Land Loan, and City Impact Fee Loan to the City Council for formal approval.
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.
SECTION 2. The City Council hereby approves a conditional funding commitment of $5,000,000 in HOME Investment Partnership Program funds for JHC Acquisitions LLC, or its affiliate, subject to completion of all applicable program, underwriting, and environmental requirements (the "City HOME Loan").
SECTION 3. The City Council hereby approves a Low- and Moderate-Income Housing Asset Fund (Low-Mod) loan in an amount not to exceed $1,200,000 to pay eligible City impact and permit fees (“City Impact Fee Loan”) , memorialized through a Promissory Note and to be repaid from a portion of the Project’s residual receipts.
SECTION 4. The City Council hereby authorizes the City Manager, or designee, with approval of the City Attorney as to form, to execute an Option to Purchase Real Property with the Developer for the City -owned property known as Site 12, providing temporary site control for financing and predevelopment purposes while maintaining City ownership until final conveyance of the Property as a land donation.
SECTION 5. The City Council hereby acknowledges the appraised value of $3.59 million for the Property, which shall be paid pursuant to a land loan (the "City Land Loan") in the final Disposition and Development Agreement ("DDA") to be negotiated prior to execution of the option to purchase the Property. The purchase price shall be recognized as part of the City’s total contribution to the Project for purposes of federal, state, and local housing program compliance.
Resolution No. 2025-407
Resolution 2025-407
December 17, 2025
SECTION 6. The City Council have final approval over the DDA and the terms and conditions of the City HOME Loan, the City Land Loan, the City Impact Fee Loan, including their Promissory Notes, Regulatory Agreements, and any related documents.
SECTION 7. The City Manager and City Attorney, or their designees, shall execute all documents and take all actions necessary to carry out the intent of this Resolution, including any non-substantive amendments required to implement the Project.
SECTION 8. 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 9. 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 17th day of December 2025.
Helen Tran, Mayor
City of San Bernardino
Attest:
Telicia Lopez, City Clerk
Approved as to form:
Sonia Carvalho, City Attorney
Resolution No. 2025-407
Resolution 2025-407
December 17, 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. 2025-407, adopted at a regular meeting held on the 17th day of December 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, City Clerk