Former Comfort Suites Hotel Rehabilitation

At a glance

What: A City loan of up to $5,700,000 to the Santa Clara County Housing Authority (or an affiliate) to rehabilitate the former Comfort Suites Hotel on North 1st Street (District 6) as affordable housing.
Where it stands: Approved October 6, 2026 as RES2026-318 with Ordinance 31355, 10-0-1 (Councilmember Candelas absent), on a motion by Councilmember Mulcahy seconded by Councilmember Tordillos.
Next: Housing Director executes loan documents; no further Council date in the minutes.

Construction-permanent loan commitment up to $5,700,000 from the Low and Moderate Income Housing Asset Fund (or other special funds the City designates).
Appropriation changes in that fund: Housing Project Reserve decreased $5,700,000; Housing Loans and Grants appropriation increased $5,700,000.
Housing Director Soliván (or a designee) may negotiate and sign loan documents and amendments. Categorically exempt from environmental review as an existing-facility rehabilitation.

One virtual speaker commented; no position recorded.

Approved 10-0-1 with Councilmember Candelas absent; presentation by Housing Director Soliván and a Housing deputy director.