Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Housing Authority approves sale and loan-assumption for 10-unit property at 623 (Aston/Assin/Ashton) Avenue
Summary
The Housing Authority voted 5–0 to approve transfer of a 10-unit, income-restricted property at 623 (transcript spells Aston/Assin/Ashton) Avenue from Sonoma Community Action Network to Colin Hooper (Crosscourt Properties); the buyer will assume Housing Authority loans and staff recommended extending the housing authority loan term to match the regulatory agreement.
The Santa Rosa Housing Authority on Nov. 24 conditionally approved the transfer of a 10-unit affordable property at 623 (the transcript spells the street name variously as Aston/Assin/Ashton) Avenue from Sonoma Community Action Network to Colin Hooper, doing business as Crosscourt Properties. Staff said the site is income-restricted at 50%, 60% and 80% of area median income and that the housing authority holds loans on the property with maturity dates of Dec. 31, 2032.
During staff’s presentation, Stewart and Kelly Kuykendahl summarized the proposed transaction: Crosscourt Properties is preliminarily proposing a cash…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
