Successor Agency to the Redevelopment Agency of Santa Rosa - Regular Meeting

CALL TO ORDER

REMOTE PARTICIPATION UNDER THE BROWN ACT (Gov. Code § 54953.8)

This time is reserved for any Board Member to announce remote participation under the “Just Cause” provision of Government Code Section 54953.8.

ROLL CALL

STATEMENTS OF ABSTENTION

STUDY SESSION

PUBLIC COMMENTS (ON NON-AGENDA ITEMS)

Comments from the public will be allowed on all agenda items at the time each item is called. This is the time when any person may address the Housing Authority on matters not listed on this agenda, but which are within the subject matter jurisdiction of the Housing Authority. Each speaker will be allowed up to three minutes. To address the Housing Authority you are requested to complete an orange Speaker Card and give it to the Recording Secretary.

Draft Minutes - June 15, 2026.

CHAIRMAN/ COMMISSIONER REPORTS

COMMITTEE REPORTS

PENDING DEVELOPMENT PIPELINE UPDATE - Provided for information.

CONSENT ITEMS

REPORT - APPROVING AN EXTENSION FOR THE MATURING LOAN AND REGULATORY AGREEMENT FOR CALIFORNIA PROGRAMS FOR THE AUTISTIC'S BENTON HOUSE - 325 MAJOR DRIVE.

BACKGROUND: California Programs for the Autistic's (CPA) Benton House is an existing four-bedroom home, comprised of six (6) beds located at 325 Major Drive ("Project"). The Housing Authority has a loan on the property, in the principal amount of $30,899.53, maturing on September 1, 2026, and a Regulatory Agreement securing affordability through September 1, 2031. CPA is currently unable to repay the maturing loan coming due and is requesting to extend the term by thirty (30) years from September 1, 2026 to September 1, 2056, and continue operating the Project. RECOMMENDATION: The Housing and Community Services Department recommends that the Housing Authority, by resolution, approve the following for California Programs for the Autistic's Benton House, located at 325 Major Drive: 1) approve an extension for the maturing loan, in the principal amount of $30,899.53, by thirty (30) years from September 1, 2026 to September 1, 2056; and 2) extend the term of the Regulatory Agreement by twenty-five (25) years from September 1, 2031 to September 1, 2056 to align with the loan term.

REPORT - APPROVING AN EXTENSION FOR THE MATURING LOAN AND REGULATORY AGREEMENT FOR COMMUNITY SUPPORT NETWORK'S DUTTON HOMES - 1548, 1550, AND 1552 DUTTON AVENUE.

BACKGROUND: Community Support Network's (CSN) Dutton Homes is an existing single-family dwelling, and a duplex comprised of eight (8) beds located at 1548, 1550, and 1552 Dutton Avenue ("Project"). The Housing Authority has a loan on the property, in the principal amount of $128,000, maturing on November 26, 2026, and a Regulatory Agreement securing affordability for the same term. CSN is currently unable to repay the maturing loan coming due and is requesting to extend the term by thirty (30) years from November 26, 2026 to November 26, 2056, and continue operating the Project. RECOMMENDATION: The Housing and Community Services Department recommends that the Housing Authority, by resolution, approve an extension for the maturing loan, in the principal amount of $128,000, and Regulatory Agreement for Community Support Network's Dutton Homes located at 1548, 1550, and 1552 Dutton Avenue, to extend the term by thirty (30) years from November 26, 2026 to November 26, 2056.

REPORT - REPORT - APPROVING SUBORDINATION OF THE HOUSING AUTHORITY'S LOANS TO A NEW FIRST MORTGAGE FOR ASTON AVENUE APARTMENTS - 623 ASTON AVENUE.

BACKGROUND: On November 24, 2025, the Housing Authority conditionally approved the transfer of ownership of Aston Avenue Apartments, 623 Aston Avenue (Project) from Sonoma Community Action Network (Sonoma CAN) to Crosscourt Properties and the assumption of the Housing Authority's Regulatory Agreement, Density Increase Agreement, and loans, in the in the principal amount of $558,071, by Crosscourt Properties, including an extension of these loans from December 31, 2032 to June 2, 2061 to align with the terms of the Regulatory Agreement. Sale of the property is scheduled to close by August 1, 2026. Crosscourt Properties will be financing the purchase with a first mortgage in the approximate amount of $600,000, and is seeking the Housing Authority's approval to subordinate its loans. RECOMMENDATION: The Housing and Community Services Department recommends that the Housing Authority, by resolution, conditionally approve the subordination of the Housing Authority's loans, in the principal amount of $558,071, to a first mortgage in the approximate of $600,000 for the acquisition of Aston Avenue Apartments, 623 Aston Avenue by Collin Hooper DBA Crosscourt Properties (Crosscourt Properties) or an affiliate Limited Liability Company (LLC).

ADJOURNMENT