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Palmdale council approves application for $7.13 million Section 108 loan to expand SAVES food bank
Summary
The City of Palmdale authorized submission of a U.S. Department of Housing and Urban Development Section 108 loan application and adopted a related resolution to fund a new SAVES facility with tenant improvements, with loan repayment to come from future CDBG allocations.
The Palmdale City Council voted to authorize submission of a Section 108 loan guarantee application to the U.S. Department of Housing and Urban Development and adopted a resolution authorizing the application for a new SAVES facility at Third Street East and East Avenue Q.
The action, introduced during a public hearing, was presented by Sophia Reyes, director of housing, who said the city is requesting a Section 108 loan of $7,134,000 to fund tenant improvements at SAVES’ new location and would effect the expenditure through a substantial amendment to the 2024–25 action plan. "We are requesting to apply for CDBG section 108 loans of 7,134,000," Reyes said, and asked the council to adopt resolution CC 2024-0007 and authorize submittal of the application.
The loan would be combined with other local funding sources already identified by staff: $16,000 in existing…
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