MORGANHILL (SANTACLARA COUNTY)local legislationOther Business

Transfer of Madrone CalHome Loan Credits to Eden Housing and Crest Avenue Housing LLC

Original title: SOUTH COUNTY HOUSING (SCH): ASSIGNMENT OF MADRONE CALHOME LOANS AS CREDITED FOR CERTAIN EDEN HOUSING/CREST AVENUE HOUSING LLC, OUTSTANDING HOUSING LOAN PAYMENTS

November 16, 2016

housing loans debt municipal finance

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The Frame

What this does

This decision determines which entities are responsible for or credited with specific housing loan obligations, impacting the financial accounting of local housing development projects.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Eden Housing

They are receiving the assignment of loan credits.

Crest Avenue Housing LLC

They are receiving the assignment of loan credits.

South County Housing

They are the original holder of the loans being reassigned.

What changed

Last recorded activity November 16, 2016.

What's next

Next step not available in the current record.

Summary

This staff report addresses the of specific loan credits previously held by South County Housing to Eden Housing and Crest Avenue Housing LLC. The action concerns the management of outstanding housing loan payments.

Key Facts

The City Council is reviewing the assignment of Madrone CalHome loans.
Loan credits are being transferred to Eden Housing and Crest Avenue Housing LLC.
The action relates to the settlement or management of outstanding housing loan payments.
The file is identified as 16-738.
The document was introduced on October 28, 2016.

Why It Matters

This decision determines which entities are responsible for or credited with specific housing loan obligations, impacting the financial accounting of local housing development projects.

Frequently Asked Questions

What are CalHome loans?

is a state program that provides grants and loans to local public agencies and non-profit developers to assist low-income households.

Why are these loans being assigned to Eden Housing and Crest Avenue Housing LLC?

The document indicates this is an of credits for outstanding housing loan payments, though it does not provide the specific legal reasoning for the transfer.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift70% confidence

Loan Portfolio Reorganization

The document reflects a transition of loan assets from South County Housing to other housing entities, likely following the dissolution of redevelopment agencies or similar organizational changes common in that era.

South County Housing Eden Housing