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The Developer is proposing to build 970 affordable housing <br /> <br />units on two sites located at 2222 and 2114 East First <br />Street.The Planning Commission approved the entitlements <br />for these projects on September 11, 2017 and June 4, 2018, <br />respectively. <br />On December 19, 2017, City Council conducted a TEFRA <br /> <br />hearing for all three projects. During the hearing and within <br />the staff report, it was made clear that holding the TEFRA <br />hearing was not a commitment to approve entitlements nor to <br />provide any other funding for these projects. <br />On June 26, 2018, the Developer submitted a written request <br /> <br />to the City for a sole source award equal to $60 million <br />comprised of a $15 million loan and $1.5 million per year <br />over a 30-year period. <br />1 <br />2 <br /> <br />