09/19/2025 | Press release | Distributed by Public on 09/19/2025 15:52
The City of Murrieta is launching a new Revolving Loan Fund to expand long-term affordable housing opportunities within the city. We invite you to a virtual community meeting to learn more about this program and share your feedback.
Date: Wednesday, September 24, 2025
Time: 10:00 a.m.
Location: Zoom
Click here to join the meeting on September 24th or copy and paste the below link once you're in your browser:
https://us06web.zoom.us/j/89876238612?pwd=CQoMymVmMbjkyGZdCYcApTCUvtN7vY.1
Registration is not required but is preferred.
This $4.1 million loan program, funded by SCAG's REAP 2.0 Lasting Affordability Program, will offer early-stage and gap financing to accelerate affordable housing development. Loan funds may be used for activities such as land acquisition, predevelopment costs, construction, and rehabilitation.
Join us to learn about eligible applicants, project types, and how this revolving fund will support Murrieta's housing future.
For more information or to register for the meeting, you may reply to this message or contact Carl Stiehl at [email protected]
More information is available on the City webpage: https://www.murrietaca.gov/1545/Revolving-Loan-Fund