10. 26-79 APPROVAL OF AFFORDABLE HOUSING SMALL-SCALE RENTAL

Community Redevelopment Agency Meeting · 2026-05-11 · agenda_item

The Community Redevelopment Agency (CRA) is planning a new Small-Scale Affordable Housing Rental Development Pilot Program. This program aims to encourage the creation of affordable rental housing. The CRA is seeking to establish a list of financial institutions that can provide services such as program development, loan administration, and compliance monitoring. This initiative is currently under review and is in its early stages. The program is expected to involve financial planning, loan processing, and ongoing management of rental properties. This early stage presents an opportunity for financial institutions and related service providers to engage with the CRA. Reaching out now, before specific contracts are awarded, allows businesses to understand the program's needs and potentially shape future service agreements.