Caritas seeks $57M tax-exempt financing for Franciscan Town mobile home park

May 22, 2025 | Fresno City, Fresno County, California


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Caritas seeks $57M tax-exempt financing for Franciscan Town mobile home park
The Fresno City Council meeting on May 22, 2025, focused on a significant proposal regarding affordable housing in the area. The council discussed a request from Caritas affordable housing, which is seeking the California Municipal Financing Authority to issue tax-exempt financing not to exceed $57 million.

This funding is intended to support the development of a mobile home park known as the Franciscan Town and Country, located at 2317 to 2337 South Chestnut in Council District 5. The proposal aims to enhance affordable housing options in Fresno, addressing ongoing housing challenges faced by residents.

The council's deliberations highlighted the importance of such initiatives in providing accessible living conditions for the community. Further discussions will likely follow as the council evaluates the implications of this financing request and its potential impact on local housing availability.

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