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 Community Renaissance of California (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:
The City Council is asked to consider approval of an Affordable Housing Loan Agreement ("Agreement") with American Family Housing and National Community Renaissance ("National Core") (collectively, the "Developer") for the acquisition and rehabilitation 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.
In December 2021, the Developer and the County of Orange ("County") submitted an application to the California Department of Housing and Community Development (HCD) for grant funds for the proposed Project under the State Homekey program ("Homekey"). In February 2022, the Project was awarded $17 million in Homekey funds.
The City's proposed financial contribution is 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 (HOME-ARP) program funds, which ...
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