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