FULL_AGENDA_2019-03-19 (2) - Laserfiche WebLink

Home Browse Search

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