San Joaquin & L Street Housing Project

The Agency approved an OPA with FFDA Properties, LLC March 3, 2011 to facilitate the development of a new multi-family project located at San Joaquin and L Streets consisting of twenty eight (28) three bedroom, two and one-half bath, 1,423 square feet, townhome units.  Under the OPA, a loan in the amount of $720,000 and a grant in the amount of $720,000 will be made to the project by the Agency.  In return, the Agency will receive moderate income covenants on nine (9) of the units.