Title
Subject: Amendment To Resolution 2004-08
From: Community And Economic Development Agency
Recommendation: Adopt An Agency Resolution Amending Resolution No. 2004-08 C.M.S., Which Authorized An Affordable Housing Development Loan Of $3,858,424 To Affordable Housing Associates, Inc. For A Project At 4856-4868 Calaveras Avenue, To (1) Raise The Affordability Level From 100% And Allow Sales To Households With Up To 110% Of Area Median Income, (2) Change The Borrower To Community Assets, Inc., And (3) Authorize The Assignment Of The Loan To Community Assets, Inc.