Laserfiche WebLink
80B. 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 LOCATED AT <br /> 1108 N. HARBOR BLVD. {STRATEGIC PLAN NO. 5, 3C} — Community <br /> Development Agency <br /> At its special meeting on December 19, 2018 the Community Redevelopment <br /> and Housing Commission recommended that the City Council and Housing <br /> Authority approve the recommended actions by a vote of 5:0 (Ramos and Urzua <br /> abstained). <br /> CITY COUNCIL ACTION <br /> MOTION: Authorize the City Manager and the Clerk of the Council to <br /> execute a pre-loan commitment letter with Jamboree Housing <br /> ("Jamboree") for $1,687,047 in Community Development Block Grant <br /> (CDBG) Funds for the development of the Budget Inn affordable housing <br /> project located at 1108 N Harbor Blvd, Santa Ana, CA 92703, subject to <br /> non-substantive changes approved by the City Manager and City <br /> Attorney. <br /> HOUSING AUTHORITY ACTION <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 /> at 1108 N Harbor Blvd, Santa Ana, CA 92703, subject to non-substantive <br /> changes approved by the Executive Director of the Housing Authority and <br /> Authority General Counsel. <br /> MOTION: Solorio SECOND: Villegas <br /> VOTE: AYES: Iglesias, Penaloza, Solorio, Villegas (4) <br /> NOES: None (0) <br /> ABSTAIN: None (0) <br /> ABSENT: Pulido, Sarmiento (2) <br /> * Ward 4 representative vacant. <br /> CITY COUNCIL MINUTES 28 MARCH 5, 2019 <br />