REQUEST FOR CITY COUNCIL / HOUSING AUTHORITY ACTION
SUBMITTED TO: Honorable Mayor and City Council Members / Chair and Board Members
SUBMITTED BY: Sean Joyce, Interim City Manager / Executive Director
VIA: Ursula Luna-Reynosa, Director of Community Development
PREPARED BY: Charles G. Kovac, Housing Manager
Subject:
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Approve and authorize execution of an Affordable Housing Loan Agreement between the Housing Authority, American Family Housing, and National Core for the Homekey HB Oasis Project located at 17251 Beach Boulevard and authorize the City Manager to enter into a future funding agreement between the City and the County of Orange for homelessness prevention supportive services; adopt City Council Resolution No. 2022-20 and Housing Authority Resolution No. 07
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Statement of Issue:
On December 1, 2021, the City Council directed staff to collaborate with American Family Housing and National Community Renaissance ("National Core") (collectively, the "Developer") and the County of Orange (the "County") to submit an application to the California Department of Housing and Community Development (HCD) for grant funds under the Homekey program ("Homekey"). The Council further adopted Resolution No. 2021-74 (Attachment 1) committing up to $4.21 million in restricted local housing funds as the City's financial contribution required to ensure the Homekey application was complete and competitive.
The proposed Homekey project is for the acquisition of the Quality Inn and Suites at 17251 Beach Boulevard ("Project"), an interim conversion of this property to transitional housing for individuals and families experiencing homelessness, and then conversion to permanent supportive housing in three to five years. The City's funding commitment was comprised of $2.4 million from the Low and Moderate Income Housing Asset Fund (LMIHAF), which would go toward rehabilitation costs and $1.81 million from HOME Investment Partnerships - American Rescue Plan Act ...
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