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HOUSING AUTHORITY MINUTES 3 MARCH 5, 2019 <br />the Recording Secretary to execute a pre-commitment letter with Habitat <br />for Humanity of Orange County (“Habitat for Humanity”) for a 99-year <br />ground-lease of 416 Vance Street (APN 398-041-22) and 826 N. Lacy Street <br />(APN 398-041-22) for the development of the Lacy Street affordable <br />housing project, subject to non-substantive changes approved by the <br />Executive Director of the Housing Authority and Authority General <br />Counsel. <br /> <br />CITY COUNCIL <br /> <br />MOTION: Authorize the City Manager and the Clerk of the Council to <br />execute a pre-loan commitment letter with Habitat for Humanity of Orange <br />County (“Habitat for Humanity”) for $231,494 in Inclusionary Housing <br />Funds for the development of the Lacy Street affordable housing project <br />located at 416 Vance Street (APN 398-041-22) and 826 N. Lacy Street (APN <br />398-041-22), subject to non-substantive changes approved by the City <br />Manager and City Attorney. <br /> <br /> MOTION: Solorio SECOND: Iglesias <br /> <br /> VOTE: AYES: Iglesias, Penaloza, Solorio, Villegas (4) <br /> <br />NOES: <br /> <br />None (0) <br /> <br />ABSTAIN: <br /> <br />None (0) <br /> <br />ABSENT: <br /> <br />Pulido, Sarmiento (2) <br />* Ward 4 representative vacant. <br />* Motion for Joint Item 2 was considered and voted on at the Regular Open meeting, Joint <br />Item 80A. <br /> <br /> <br />5. APPROVE A PRE-LOAN COMMITMENT OF $1,687,047 OF AFFORDABLE <br />HOUSING FUNDS AND EIGHTY-NINE PROJECT-BASED VOUCHERS TO <br />JAMBOREE HOUSING FOR THE BUDGET INN PROJECT {STRATEGIC <br />PLAN NO. 5, 3C} <br /> <br />At its special meeting on December 19, 2018, the Community Redevelopment <br />and Housing Commission (CRHC) approved the recommended action by a vote <br />of 5:0 (Ramos and Urzua abstained). <br /> <br />HOUSING AUTHORITY <br /> <br />MOTION: Approve an award of eighty-nine (89) project-based vouchers <br />and authorize the Executive Director of the Housing Authority and the <br />Recording Secretary to execute an Agreement to Enter into a Project- <br />Based Vouchers Housing Assistance Payments Contract with Jamboree <br />for the development of the Budget Inn affordable housing project located <br />1-3