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Sutter County authorizes loan of up to $344,354 to defer impact fees for 133-unit supportive housing project
Summary
The board approved a deed of trust and loan agreement with Richland Village LP to defer up to $344,354 in county impact fees over 55 years for a 133-unit permanent supportive rental housing project in Yuba City; the board voted unanimously to authorize the chair to sign loan documents.
SUTTER COUNTY — The Sutter County Board of Supervisors on Sept. 9 authorized a deed of trust, loan agreement and loan note with Richland Village LP to defer certain county impact fees for the construction of permanent supportive affordable rental housing, in an amount not to exceed $344,354 over a 55-year term.
County…
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