File #: 240989    Version: 1 Name: Accept and Expend Grant - California Department of Housing and Community Development Affordable Housing and Sustainable Communities Program - Sunnydale Block 7 - $29,745,053
Type: Resolution Status: Mayors Office
Introduced: 10/8/2024 In control: Budget and Finance Committee
On agenda: Final action: 11/5/2024
Enactment date: Enactment #:
Title: Resolution authorizing the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute the Standard Agreements with the California Department of Housing and Community Development (“HCD” or “Department”) under the Affordable Housing and Sustainable Communities Program for a total award of $29,745,053 including $18,500,000 disbursed by HCD as a loan to the Sunnydale Block 7 Housing Partners, L.P. (“Developer”) for a 100% affordable housing project at 65 Santos Street and $11,245,053 to be disbursed as a grant to the City for public transportation improvements near 65 Santos Street, for the period starting on the execution date of the Standard Agreements to November 30, 2044; and authorizing MOHCD to accept and expend the grant of up to $11,245,053 for transportation, streetscape, and pedestrian improvements and other transit oriented programming and improvement as approved by HCD.
Sponsors: Mayor, Shamann Walton, Rafael Mandelman
Attachments: 1. Leg Ver1, 2. Grant Info Form 092424, 3. DRAFT Standard Agreement, 4. AHSC Application, 5. Expenditure Schedule, 6. Conditional Award Letter 082324, 7. MOHCD Cover Memo 091624, 8. Form 126, 9. Cmte Pkt 103024, 10. Board Pkt 110524
Related files: 161309
Legislation Details
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