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Housing Authority extends loan and regulatory agreement for Opportunity House at 634 Pressley Street
Summary
The Santa Rosa Housing Authority voted 6–1 April 28 to extend for 15 years the loan and regulatory agreement on Opportunity House (634 Pressley St.), keeping the property under affordability controls while the deferred loan accrues interest.
The Santa Rosa Housing Authority on April 28 approved a resolution extending the maturity date of a deferred loan and the associated regulatory agreement for Opportunity House, a Community Support Network service property at 634 Pressley Street.
The motion to waive reading and approve the extension was made by Commissioner Owen and seconded by Commissioner Capio. The roll-call vote was 6 ayes and 1 no; Vice Chair Downey cast the lone negative vote.
Staff described the action as an extension of an existing deferred-payment loan and regulatory agreement. “Yes. That is correct. The request…
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