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Council discussion ensued. <br />Councilmember Sarmiento, opined that sole source of proposed project <br />approved to avoid risk and expedite project; companion project was also <br />approved as good faith to produce two housing projects; recounted actions in <br />support of this project taken by the Planning Commission and City Council; <br />surrounding cities also develop affordable housing projects similarly. <br />Mario Turner, noted that market rate and affordable housing projects will provide <br />much needed housing units. <br />Councilmember Benavides, supports affordable and market rate housing; need <br />resolution to allow applicant to apply for tax credits. <br />Councilmember Tinajero, backs project that will be direct benefit and provide <br />dignified housing for the families in our community. <br />Mayor Pulido, asked City Attorney if funds needed when applying for State tax <br />credits; next deadline to apply is March 1 and then July 1. <br />City Attorney Carvalho, not involved in negotiations; State requires pre - <br />commitment to be in place before developer applies for tax credit, may be in the <br />form of HOME or CDBG funds or the City to have on hand. <br />Councilmember Benavides, asked if loan was sufficient to help bridge. <br />City Attorney Carvalho, clarified that loan from Housing Authority in addition to <br />funds from Heritage Project; pre commitment letters are widely used and <br />regulations require the funds on hand. <br />Councilmember Solorio, asked developer if agree; developer confirmed that <br />expectation was to apply in July when all funds available; suggested an ad hoc <br />committee to retain a consultant do a gap analysis on subsidy and other <br />affordable housing projects in cue, also, if use of successor agency funds <br />require paying prevailing wage. <br />Mario Turner, indicated that analysis has been prepared by Keyser Marsten that <br />requested amount was justified; commit to apply in March without funding from <br />Heritage Project with City funding commitment and subsidy analysis may be <br />provided if requested. <br />Mayor Pulido recessed at 11:22 p.m. and reconvened at 11:39 p.m. with same <br />members present. <br />Councilmember Solorio, proposed motion, seconded by Mayor Pro Tern <br />Martinez how to move forward on this and other affordable housing projects on <br />HOUSING AUTHORITY MINUTES 3 FEBRUARY 21, 2017 <br />