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 9 Program Application Together with Pacific West Communities, Enter into a Memorandum of Understanding with Alameda County Transportation Commission, and Execute Documents to Accept the Program Funds for the Bay Fair Apartment Project
Staffreport
COUNCIL PRIORITY
* Housing and Homelessness
* Infrastructure
* Sustainability & Resiliency
* Fiscal Sustainability and Transparency
* Community & Business Development
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 if funding is awarded, authorize execution of documents required to receive program funds.
RECOMMENDATIONS
Staff recommends that the City Council adopt a resolution to authorize the listed actions.
BACKGROUND
The Affordable Housing and Sustainable Communities (AHSC) Program provides loans and grants for projects that provide affordable housing and pedestrian, bicycle, and transit facilities. The program is funded from California's cap and trade emission reduction program. Applications require a partnership between a housing developer and a public agency.
Pacific West Communities has prepared plans for Bay Fair Apartments, a 497-unit housing project that qualifies as an affordable housing project. It is proposed that the City Council approve, and authorize the City Manager to execute a MOU with Alameda CTC to implement the East Bay Greenway Multimodal (Phase 1) Project. Together with the Bay Fair Apartments project, staff believes that the application meet the goals of the AHSC program for a funding award.
ANALYSIS
Staff proposes that the...
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