Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Raymond Hodges, Director, Department of Housing
Subject: Allocation of Measure K and other funds from the Affordable Housing Fund 9.0 to affordable housing projects
RECOMMENDATION:
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Measure K: Adopt a resolution:
A) Approving Affordable Housing Fund (AHF) 9.0 commitments up to $54,265,066, consisting of $20,000,000 in Measure K FY 2021-22 funds approved by the Board of Supervisors for affordable housing purposes; $10,000,000 in Measure K funds allocated in previous AHF rounds but returned due to awardee inability to meet funding conditions or as project cost savings; $15,943,095 in State of California Department of Housing and Community Development (State HCD) Housing for a Healthy California funds; $1,931,667 in State HCD Local Housing Trust Fund funds; $1,390,304 in State HCD Permanent Local Housing Allocation funds; and $5,000,000 in County Mental Health Services Act Project-Based Housing program funds for eight new construction affordable rental housing developments, one existing affordable rental housing project needing rehabilitation, and one new construction affordable multifamily homeownership development, including all conditions attached to such funding recommendations; and
B) Authorizing the Director of the Department of Housing (DOH), or designee, in consultation with County Counsel, to negotiate and execute contracts and other documents necessary to provide funding to the affordable housing projects, as indicated in Attachment A to the Resolution.
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BACKGROUND:
On April 8, 2013, the San Mateo County Board of Supervisors approved the allocation of approximately $13,400,000 of unrestricted general funds for affordable housing purposes. These funds, which initiated the County's Affordable Housing Fund ("AHF"), were derived from a one-time distribution of Housing Trust Funds held by former redevelopment agencies in San M...
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