Title
Adopt a Resolution to Approve And Authorize the City Manager to Submit a California Department of Housing and Community Development Affordable Housing and Sustainable Communities (AHSC) Round 10 Program Application Together with Pacific West Communities, Enter into a Memorandum of Understanding with Alameda County Transportation Commission, and Should Grant Funds Be Awarded, Execute Documents to Accept the Program Funds for the Bay Fair Apartment Project
Staffreport
COUNCIL PRIORITY
* Quality of Life
* Economic Development
* Public Safety
* Infrastructure
* Housing and Homelessness
SUMMARY
The Resolution would authorize submission of an application in conjunction with Pacific West Communities for funds to support the Bay Fair Apartment project, enter into a memorandum of understanding (MOU) with Alameda County Transportation Commission (Alameda CTC) for construction of certain improvements, and should grant funding be awarded, authorize execution of documents required to receive program funds.
RECOMMENDATIONS
Staff recommend that the City Council adopt a resolution to approve and authorize the City Manager to submit a grant application as a co-applicant for the Affordable Housing and Sustainable Communities (AHSC) program, enter into a MOU with Alameda CTC, and should grant funding be awarded, execute documents to receive program funds.
BACKGROUND
The California Department of Housing and Community Development (HCD) Affordable Housing and Sustainable Communities (AHSC) Program provides loans and grants for projects that provide both affordable housing and improvements to pedestrian, bicycle, and transit facilities. The AHSC Program is funded from California's cap and trade emission reduction program. Application for AHSC grant funds requires a partnership between a housing developer and public agency.
Pacific West Communities, a housing developer, has prepared plans for Bay Fair Apartments, a 497-unit housing project located at the intersection o...
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