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Loan Agreement - 605-611 <br />March 7, 2011 <br />Page 3 <br />E. Washington Street <br />Construction of these units will assist the City and Agency in meeting the Regional Housing Needs <br />Assessment (RHNA) goals identified in the Housing Element, Consolidated Plan and the <br />Implementation Plan. In addition, the 5 bedroom unit will fulfill the only outstanding replacement <br />housing obligation of the Agency. <br />ENVIRONMENTAL COMPLIANCE <br />In accordance with the National Environmental Policy Act, the proposed project has been cleared <br />per Section 58.36, Part 58. Pursuant to Section 15238(b) of the California Environmental Quality <br />Act, the construction of these housing units is ministerial, and is exempt from review. <br />FISCAL IMPACT <br />Funds are available in the HOME account (no. 13018780-69151). <br />&Jau-cili <br />Nancy T. ards <br />Interim Ex tive Director <br />Community Development Agency <br />NTE/SLB/JP-H/mlr <br />Exhibits: 1. Map <br />2. Agreement <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director U <br />Finance & Management Services Agency <br />25F-3