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File #:
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251109
Version:
1
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Name:
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Execute Standard Agreement - Not to Exceed $17,291,506 - Retroactive - Accept and Expend Homekey+ Grant - California Department of Housing and Community Development - Permanent Supportive Housing - 835 Turk Street - Not to Exceed $13,729,907
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Type:
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Resolution
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Status:
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Pending Committee Action
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Enactment date:
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Enactment #:
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Title:
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Resolution authorizing the City and County of San Francisco (“City”), through the Department of Homelessness and Supportive Housing (“HSH”), to 1) execute a Standard Agreement with the California Department of Housing and Community Development (“HCD”) and co-applicants 835 Turk LLC and Five Keys Schools and Programs for a total award not to exceed $17,291,506 under the Homekey+ Program, including up to $3,561,599 disbursed by HCD as a grant to 835 Turk LLC for support of operating costs and up to $13,729,907 disbursed by HCD as a grant to the City for the rehabilitation and associated relocation costs for the real property located at 835 Turk Street for permanent supportive housing (the “Property”); 2) retroactively accept and expend anticipated revenue from the City’s portion of Homekey+ grant funds in an amount up to $13,729,907 to support the rehabilitation and associated relocation costs for the Property for costs incurred from March 5, 2024, through HCD’s capital grant expenditure deadline; 3) approving and authorizing the City to commit approximately $16,270,093 in required matching funds for rehabilitation of the Property and a minimum of five years of operating subsidies, additionally the City has committed up to 15 years of operating subsidies through the City’s Local Operating Subsidy Program subject to budget appropriations; 4) authorizing the City to assume any joint and several liability for expenditure of the Homekey+ grant under the Standard Agreement; 5) adopting the Planning Department’s findings of consistency with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and 6) authorizing HSH to enter into any additions, amendments, or other modifications to the Standard Agreement and the Homekey+ Documents that do not materially increase the obligations or liabilities of the City or materially decrease the benefits to the City.
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Attachments:
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1. Leg Ver1, 2. Grant Info Form 110325, 3. Grant Budget, 4. DRAFT Std Agmt, 5. PLN Approval Ltr Memo 061225, 6. Funding Application 112624, 7. Project Rpt 100925, 8. NOFA 013125, 9. Award Ltr 101325, 10. HSH Memo 103025, 11. HSH Stmnt on Retro 103025, 12. MYR Memo 110425, 13. Form 126
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