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REQUEST FOR COUNCIL/ <br />HOUSING AUTHORITY <br />ACTION <br />CITY COUNCIL MEETING DATE: <br />MARCH 5, 2019 <br />TITLE: <br />pal <br />APPROVE A PRE -LOAN COMMITMENT OF <br />$1,687,047 OF AFFORDABLE HOUSING <br />FUNDS AND EIGHTY-NINE PROJECT -BASED <br />VOUCHERS TO JAMBOREE HOUSING FOR <br />THE BUDGET INN PROJECT <br />{STRATEGIC PLAN NO. 5,3C) <br />CITY MANAGER EXECUTIVE DIRECTOR <br />RECOMMENDED ACTION <br />CITY COUNCIL <br />CLERK OF COUNCIL USE ONLY: <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on V Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and the Clerk of the Council to execute a pre -loan commitment letter <br />with Jamboree Housing ("Jamboree") for $1,687,047 in Community Development Block Grant <br />(CDBG) Funds for the development of the Budget Inn affordable housing project located at 1108 <br />N Harbor Blvd, Santa Ana, CA 92703, subject to non -substantive changes approved by the City <br />Manager and City Attorney. <br />HOUSING AUTHORITY <br />Approve an award of eighty-nine (89) project -based vouchers and authorize the Executive <br />Director of the Housing Authority and the Recording Secretary to execute an Agreement to Enter <br />into a Project -Based Vouchers Housing Assistance Payments Contract with Jamboree for the <br />development of the Budget Inn affordable housing project located at 1108 N Harbor Blvd, Santa <br />Ana, CA 92703, subject to non -substantive changes approved by the Executive Director of the <br />Housing Authority and Authority General Counsel. <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION <br />At its special meeting on December 19, 2018, the Community Redevelopment and Housing <br />Commission (CRHC) by a vote of 5:0 (Ramos and Urzua abstained): <br />1) Recommended that the City Council authorize the City Manager to execute a pre -loan <br />commitment letter with Jamboree Housing ("Jamboree") for $1,687,047 in Community <br />Development Block Grant Funds for the development of the Budget Inn affordable housing <br />project located at 1108 N Harbor Blvd, Santa Ana, CA 92703, subject to non -substantive <br />changes approved by the City Manager and City Attorney. <br />