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Council addresses Habitat for Humanity request for $7.5 million line of credit and options for former fire station site
Summary
Council reviewed a Habitat for Humanity request for an unsecured $7.5 million line of credit for the Merriment Village Homekey project and agreed to continue operating under the existing contract while seeking more information.
YUBA CITY — Councilmembers reviewed a recent letter from Habitat for Humanity asking the city for an unsecured $7.5 million line of credit to advance Merriment Village, a project under contract with the city and financed previously through a Homekey award and gap funding efforts. Councilmembers expressed concern given the city’s budget deficit and declined to add a request for a city line of credit to the agenda at this time; the mayor said the city will proceed under the existing…
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