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Third Amendment to Joseph House Loan Agreement and Affordable Housing Covenants <br />June 4, 2024 <br />Page 2 <br />4 <br />3 <br />1 <br />9 <br />the remaining transitional housing units to be turned into permanent supportive housing <br />and dissolve transitional housing and shelter at the project. <br />Mercy House is now requesting a third amendment to allow for permanent housing with <br />supportive services for low-income families rather than offering housing to a target <br />population of low-income men. Tenants will not need to be relocated and there will be a <br />transition strategy to eventually accommodate low-income families as units become <br />available due to attrition. This transition will be seamless and non-disruptive to current <br />tenants, ensuring that no tenant currently benefiting from the program will be displaced. <br />Mercy House is proposing to use two units as shared housing with no more than two <br />residents to a room. The two units are further identified in Exhibit 1 and would have a <br />total of five bedrooms. Within the two units used for shared housing, two rooms shall be <br />available as private bedrooms for a single individual. The rent for the private bedrooms <br />would be more than the shared bedrooms, subject to affordability requirements set forth <br />in the Agreement. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />EXHIBIT(S) <br />1. 1. Third Amendment <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Alvaro Nuñez, Acting City Manager <br />  <br />  <br />City Council 23 – 2 6/4/2024