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Item 12 - Agreements for Habitat for Humanity of Orange County Affordable Ownership Units
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Item 12 - Agreements for Habitat for Humanity of Orange County Affordable Ownership Units
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7/10/2024 5:18:56 PM
Creation date
7/10/2024 10:34:24 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
12
Date
7/16/2024
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Habitat for Humanity of Orange County Affordable Ownership Units <br />July 16, 2024 <br />Page 8 <br />Grants expenditure account (no. 41718820-69152). Any remaining balances not <br />expended at the end of the fiscal year will be presented to City Council for approval of <br />carryovers to FY 2025-26. <br />Fiscal <br />Accounting <br />Fund <br />Accounting Unit, Account <br />Amount <br />Year <br />Unit -Account <br />Description <br />Description <br />FY 24-25 <br />41718820- <br />Inclusionary <br />Inclusionary Housing Fund — <br />2,200,000 <br />69152 <br />Housing Fund <br />Loans and Grants <br />Total Expenditures <br />$2,200,000 <br />EXHIBIT(S) <br />1. Pre -Commitment Letter <br />2. Conditional Grant Agreement <br />3. Density Bonus Agreement <br />4. Resolution <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Alvaro Nunez, Acting City Manager <br />
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