HomeMy WebLinkAboutMINUTES - 12131994 - 1.83 I 'C9 - rev
. Contra
J
Costa
TO: BOARD OF SUPERVISORS County
Director
•J
FROM: Harvey E. Bragdon ` W
Director of Community Development
DATE: December 13, 1993
SUBJECT: CDBG Project Agreement and Loan Documents for the Church Lane
Apartment Project
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
( 1) APPROVE the allocation of $245,000 in FY 1994/95 Community
Development Block Grant (CDBG) funds to Rubicon Programs, Inc. for the
development of the Church Lane Apartments in San Pablo; and (2)
AUTHORIZE the Deputy Director, Redevelopment or his designee to
execute a Project Agreement and loan documents for this purpose.
FISCAL IMPACT
No General Funds are involved. Funds for this project will be
provided from FY 1994/.95 CDBG funds . The County receives 'an annual
allocation of CDBG funds through the U.S. Department of Housing and
Urban Development.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On March 1, 1994 , the Board of Supervisors approved the FY 1994/95
Community Development Block Grant Program Statement, including an
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEND I OF B RD COM MITT
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON DEC 3 19% 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 DEC 13 9994
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller (N. Garnett) AND COUNTY ADMINISTRATOR
Community Development
Rubicon Programs, Inc. via BY , DEPUTY
Community Development Dept.
-� . ? 5
allocation of $245,000 in funds to Rubicon Programs, Inc. for the Church
Lane Apartments . The purpose of this project is to provide additional
multifamily rental housing affordable to and occupied by very-low income
families and individuals . The project will be located on a currently
vacant site at 2560 Church Lane in San Pablo and will involve the new
construction of 22 units, including seven three-bedroom units and one
four-bedroom unit suitable for large families . Six one-bedroom units
will be targeted to special needs populations, including the disabled,
very-low income seniors, and households which have successfully
completed transitional programs for the homeless . Eleven units will be
occupied by and affordable to households with incomes at or below 50
percent of the area median income (AMI) , with all remaining units
affordable at 60 percent AMI . The project will remain affordable for
a minimum of 55 years . Planned amenities include a tot lot and play
area, community garden, laundry facilities, and a community service
room. Rubicon will develop and manage the property when complete.
During construction, Rubicon will provide training to disabled and
disadvantaged County residents by hiring them to work on the project
with skilled union workers .
The total development cost of this project is $2,601,905 or $118,268 per
unit. Sources of funds for the project include the following:
County CDBG Funds $ 245, 000
County HOME Funds $ 245,000
Low-Income Housing Tax Credits $1, 334,905
Affordable Housing Program Loan
and Grant $ 777,000
TOTAL DEVELOPMENT COST $2,601,905
CDBG funds will be used for predevelopment and site acquisition and will
be provided to the project in the form of a subsidized loan with
affordability restrictions . The project is expected to begin
construction in the spring of 1995 and be ready for occupancy by June of
1996 .
kh/k9/CLA1