Palo Verde Senior Apartments Loan

At a glance

• What: First Amendment to the affordable housing loan agreement between the Corpus Christi B Corporation and Corpus Christi Huntwick Avenue LP (Palo Verde Senior Apartments), raising the incentive by $1,000,000 to $2,000,000 for 75 affordable senior rental units on Huntwick Avenue, with $1,000,000 appropriated from the Type B Affordable Housing Fund in FY 2026.
• Where it stands: Passed first reading September 1 and second reading September 8, 2026, both on the consent agenda (Enactment 034014).
• Next: None.

Sources

• City Council minutes, September 8, 2026: https://corpuschristi.legistar.com/View.ashx?M=M&ID=1425590&GUID=82D1FF25-1ADF-4400-B82A-6B96F833B439
• City Council minutes, September 1, 2026: https://corpuschristi.legistar.com/View.ashx?M=M&ID=1425588&GUID=31E44297-EAE4-45CB-B254-AE2962362054

Log

2026-09-08 - City Council

Second reading on consent; no discussion recorded.

2026-09-01 - City Council

First reading on consent; no discussion recorded.