File #: 26-00081    Version: 1
Type: Administrative Item Status: Agenda Ready
File created: 1/16/2026 In control: BOARD OF SUPERVISORS
On agenda: 1/27/2026 Final action:
Title: Consider recommendations regarding amended and restated loan documents for Hollister Lofts (Project) Second District, as follows: a) Approve and authorize the Chair of the Board of Supervisors to execute the amended and restated Hollister Lofts documents: i) HOME Loan Agreement; ii) HOME Regulatory Agreement; iii) HOME Subordination Agreement; iv) County Land Loan Subordination Agreement; v) County Land Loan Agreement; and vi) County Land Loan Regulatory Agreement; and b) Determine that the recommended action is not the approval of a project that is subject to environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines section 15378(b)(5), finding that the subject item is an organizational or administrative activity of government(s) that will not result in direct or indirect physical changes in the environment.
Sponsors: COMMUNITY SERVICES DEPARTMENT
Attachments: 1. Board Letter, 2. Attachment A - HOME Hollister Lofts Loan Agreement, 3. Attachment B - HOME Hollister Lofts Regulatory Agreement, 4. Attachment C - HOME Hollister Lofts Deed of Trust, 5. Attachment D - HOME Hollister Lofts Promissory Note, 6. Attachment E - HOME Hollister Lofts Loan Banc of California Subord. Agreement, 7. Attachment F - County Land Loan Hollister Lofts Subordination Agreement, 8. Attachment G - County Land Loan Agreement, 9. Attachment H - County Regulatory Agreement
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Consider recommendations regarding amended and restated loan documents for Hollister Lofts (Project) Second District, as follows:

 

a) Approve and authorize the Chair of the Board of Supervisors to execute the amended and restated Hollister Lofts documents:

 

i) HOME Loan Agreement;

 

ii) HOME Regulatory Agreement;

 

iii) HOME Subordination Agreement;

 

iv) County Land Loan Subordination Agreement;

 

v) County Land Loan Agreement; and

 

vi) County Land Loan Regulatory Agreement; and

 

b) Determine that the recommended action is not the approval of a project that is subject to environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines section 15378(b)(5), finding that the subject item is an organizational or administrative activity of government(s) that will not result in direct or indirect physical changes in the environment.