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HomeMy WebLinkAboutMINUTES - 03261996 - C31 r eA : . Contra TO: BOARD OF SUPERVISORS Costa - •� . `� County FROM: Harvey E. Bragdon r� c vd' J Director of Community Development DATE: March 26 , 1996 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 Agreement 95-03 to provide $50, 000 in HOME funds for operating support to Community Housing Development Corporation of North Richmond. FISCAL IMPACT No General Funds are involved. Funds for this project will come from FY 1995 HOME funds provided to the Contra Costa Consortium through the U.S . Department of Housing and Urban Development. BACKGROUND/REASONS FOR RECOMMENDATIONS On October 3, 1995, the Board of Supervisors approved the allocation of $50, 000 in FY 1995 Contra Costa Consortium HOME funds to pr vide CONTINUED ON ATTACHMENT: X YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMEND IO OF BO RD COMMI TEE APPROVE OTHER SIGNATURE(S) : ACTION OF BOARD-ON March 26, 1996 APPROVED AS RECOMMENDED X OTHER 4E VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT I ) 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 335-1257 ATTESTED March 26, 1996 cc : County Administrator PHIL BATCHELOR, CLERK OF County Counsel THE BOARD OF SUPERVISORS Auditor-Controller (N. Garnett) AND COUNTY ADMINISTRATOR Community Development CCHDC via Comm. Developmt. BY , DEPUTY 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 Organization (CHDO) for purposes of participation in the HOME Program and is, therefore, eligible to receive operating support under federal regulations . CHDC will utilize the $50,000 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: o Parkway Estates - new construction of 87 single-family homes, including a minimum of 36 units to be affordable to and occupied by low-income first-time homebuyers ( $268, 000 in FY 1993 HOME funds) . o 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) . Consortium HOME funds are provided contingent on continued funding support from the City of Richmond, progress in implementation of the two HOME projects, and CHDC's continued eligibility as a CHDO. kh/kll/BOS95-04