HomeMy WebLinkAboutMINUTES - 08081995 - C84 Contra
Costa
TO: BOARD OF SUPERVISORS ' . J� County
l C V11S,
FROM: Harvey E . Bragdon
Director of Community Development
DATE: August 8, 1995
SUBJECT: HOME Project Agreement for Community Housing Development Corporation
of North Richmond
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
AUTHORIZE the Deputy Director, Redevelopment, or his designee to
execute HOME Investment Partnership Act (HOME) Agreement 94-01 to
provide $30,000 in HOME funds for operating support to Community
Housing Development Corporation of North Richmond for the development
of affordable housing in West County:
FISCAL IMPACT
No General Funds are involved. Funds for this project will come from
FY 1994 HOME funds provided to the Contra Costa Consortium through the
U.S. Department of Housing and Urban Development.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On September 13, 1994, the Board of Supervisors approved the
allocation of $30,000 in FY 1994 Contra Costa Consortium HOME fu ds
CONTINUED ON ATTACHMENT: X YES SIGNATURE: tio���
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEND TI N OF BOKID COMMITTE
APPROVE OTHER
SIGNATURE(S) : .
ACTION OF BOARD ON (""�„ - c,� c(q5 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES- OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Contact: Kathleen Hamm
646-4208 ATTESTED..
cc: County Administrator PHIL TATCHELOA, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller (N. Garnett) AND COUNTY ADMINISTRATOR
Community Development
CHDC via Community Developmt. BY�' . DEPUTY
to provide operating support to Community Housing Development
Corporation of North Richmond (CHDC) . The purpose of this project
is to further develop nonprofit capacity to create affordable
housing opportunities in North Richmond and the surrounding area.
CHDC has been designated as a Community Housing Development
Corporation for purposes of participation in the HOME Program and
is, therefore, eligible to receive operating support under federal
regulations .
CHDC will utilize the $30,000 in HOME funds to pay for staff and
other operating costs incurred in connection with currently
approved Contra Costa HOME-assisted projects sponsored by CHDC,
including the following:
Parkway Estates - new construction of 87 single family units,
including a minimum of 36 units to be affordable to and
occupied by low and moderate-income first-time homebuyers
( $268, 000 in FY 1993 HOME funds) .
North Richmond Senior Housing Project - new construction of 50
units of multifamily rental housing affordable to and occupied
by very-low and low-income senior households ( $300,000 in FY
1994 HOME funds) .
kh/kll/BdCHDC