File #: 25-2009    Version: 1 Name:
Type: Ordinance Status: To Be Introduced
File created: 12/19/2025 In control: City Council
On agenda: 1/13/2026 Final action:
Title: Ordinance authorizing an amended Affordable Housing Project Loan Agreement between the Corpus Christi B Corporation and Corpus Christi Huntwick Avenue LP, commonly known as Palo Verde Senior Apartments, in the amount of $1,000,000 for the development of 75 affordable senior rental housing units located at 5501 Huntwick Avenue; appropriating $1,000,000 from the Type B Affordable Housing Fund; and amending the FY 2026 Operating Budget.
Sponsors: Planning and Economic Development Department
Attachments: 1. Agenda Memo -Palo Verde, 2. Ordinance - Palo Verde Senior Apartments, 3. Presentation - Palo Verde Senior Apartments, 4. COF - 25-2009.pdf
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Title

Ordinance authorizing an amended Affordable Housing Project Loan Agreement between the Corpus Christi B Corporation and Corpus Christi Huntwick Avenue LP, commonly known as Palo Verde Senior Apartments, in the amount of $1,000,000 for the development of 75 affordable senior rental housing units located at 5501 Huntwick Avenue; appropriating $1,000,000 from the Type B Affordable Housing Fund; and amending the FY 2026 Operating Budget.