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TO: REDEVELOPMENT AGENCY A i
_ Costa
FROM: Phil Batchelor J County
Executive Director T „a
DATE : September 13, 1994
SUBJECT: Disposition and Development Agreement - Senior Housing Project, North
Richmond
SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE and AUTHORIZE the Deputy Director - Redevelopment to enter
into a Disposition and Development Agreement (DDA) and loan agreements
related thereto between the Agency and Community Housing Development
Corporation of North Richmond (CHDC) for development of a senior
housing project in the North Richmond Redevelopment Project Area.
FISCAL IMPACT
None. No General Funds are involved. The Disposition and Development
Agreement (DDA) provides $521, 710 in the housing set-aside portion of
the North Richmond tax increment and in the Affordable Housing and
Special Revenue Fund No. 1113000 and $288, 000 in Community Development
Block Grant funds .
BACKGROUND/REASONS FOR RECOMMENDATIONS
Community Housing Development Corporation of No th RichmonA
DC) is
CONTINUED ON ATTACHMENT: YES SIGNATURE :
1IC,w c�
RECOMMENDATION OF EXECUTIVE DIRECTOR RECMME DATION OF GENCY COMMI TEE
APPROVE OTHER
. SIGNATURE (S) :
ACTION OF AGENCY ON September 13 , 1994 APPROVED AS RECOMMENDED x OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
x UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: _ ABSTAIN: MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
Contact: Beth Lee
646-4076 ATTESTED September 13 , 1994
cc: Community Development PHIL BATCHELOR
Redevelopment Agency AGENCY SECRETARY
Auditor-Controller
via Redevelopment Agency
Community Housing BY , DEPUTY
Development Corporation
BL:1h
sra15/chdc.bos
a nonprofit housing development corporation interested in
constructing quality affordable senior rental housing in the North
Richmond Redevelopment Project Area. It has identified a block
bounded by 2nd, 3rd, Grove and Chesley as an appropriate site. The
site is approximately 2 acres and currently has eight (8)
relatively substandard residential units, approximately 6, 800
square feet of commercial space, and nine (9) vacant lots . CHDC
will construct 52 units of senior rental units .
The DDA also provides for the acquisition and conveyance of certain
real property, the demolition of existing improvements on the
property, and the construction of 52 residential rental units for
very low and moderate income elderly households and potentially
non-residential facilities such as a health center, a County
Sheriff substation, and/or a retail facility. The DDA provides for
the Agency to purchase and convey the real property to the
Community Housing Development Corporation of North Richmond.