Laserfiche WebLink
<br /> <br />Option #2: Award of affordable housing development funds for an amount <br />up to $8,795,000, per Keyser Marston Associates gap analysis <br />report. <br /> <br />Option #3: Take no additional action to fund the project at this time. <br /> <br /> <br />C)Aqua Housing, Community Development Partners: <br /> <br />Option #1: Amend the original project award with an additional 31 <br />project-based vouchers. <br /> <br />Option #2: Take no additional action to fund the project at this time. <br /> <br /> <br /> <br />D)Tiny Tim Plaza, Community Development Partners: <br /> <br />Option #1: Commit to a future award of affordable housing funds for an <br />amount up to $11.7 million per CSG Advisors gap analysis <br />report. Award of funds to follow the approval of the project by <br />the Planning Commission and City Council pending the <br />availability of funds. <br /> <br />Option #2: Take no action to fund the project at this time. <br /> <br /> <br />2.Direct staff to prepare the necessary commitment letters and loan documents <br />for City Council consideration at the June 20, 2017 City Council meeting or <br />other future date. <br /> <br /> <br />3.Direct staff to develop a policy and criteria for the allocation of future <br />affordable housing development funds. <br /> <br /> <br /> <br />ADJOURNMENT - The next regular meeting of the City Council is scheduled for Tuesday, June 6, <br />2017 at 5:00 p.m. for the Closed Session Meeting immediately followed by the <br />Regular Open Business Meeting at 5:45 p.m. in the Council Chamber, 22 Civic <br />Center Plaza, Santa Ana, California. <br /> <br />SPECIAL CITY COUNCIL MEETING 3 JUNE 1, 2017 <br />