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Loan Agreements 605-611 E. Washington Street <br />March 7, 2011 <br />Page 3 <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 C®IVIPLIANCE <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 Tax Increment Housing Set-Aside account (no. 5071883066220). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />r ~ <br />., _ <br />' rr~~,;:r f ~ y l; <br />Shelly Landry-Bayle=-'( <br />Housing Manager ~'~ <br />Community Development Agency <br />~f~S~f ~l~ S a~ e _ <br />Francisco Gutierrez '" <br />Executive Director `~° ~~~~ <br />Finance & Management Services Agency <br />NTE/SLB/JP-H/mlr <br />Exhibits: 1. Map <br />2. Agreement <br />4®3 <br />