San Mateo County Logo
Share to Facebook Share to Twitter Bookmark and Share
File #: 21-161    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/18/2021 Departments: HOUSING
On agenda: 2/23/2021 Final action: 2/23/2021
Title: Measure K: Adopt a resolution: A) Authorizing and directing the Director of the Department of Housing, or designee, to execute an Exclusive Negotiating Agreement with MidPen Housing Corporation to afford the parties sufficient time to negotiate the terms of an Operator Agreement, a Lease Agreement, and all documents evidencing and securing a start-up loan related to the operation and management of a permanent affordable housing development for seniors with extremely low-incomes on County property located at 1000 Twin Dolphin Drive in Redwood City; and B) Authorizing and directing the Director of the Department of Housing, or designee, in consultation with County Counsel, to negotiate and execute an Operator Agreement, a Lease Agreement, and all documents evidencing and securing a start-up loan in a total amount not to exceed $1,500,000 in Measure K funds, with MidPen Housing Corporation, related to the operation and management of a permanent affordable housing development for senio...
Attachments: 1. 20210223_r_Authorization of ENA.pdf, 2. 20210223_a_Authorization of ENA.pdf
Special Notice / Hearing: None__
Vote Required: Majority

To: Honorable Board of Supervisors
From: Raymond Hodges, Director, Department of Housing
Subject: Agreements with MidPen Housing Corporation related to the Operation and Management of Affordable Housing Project for Extremely Low-Income Seniors in Redwood City

RECOMMENDATION:
title
Measure K: Adopt a resolution:

A) Authorizing and directing the Director of the Department of Housing, or designee, to execute an Exclusive Negotiating Agreement with MidPen Housing Corporation to afford the parties sufficient time to negotiate the terms of an Operator Agreement, a Lease Agreement, and all documents evidencing and securing a start-up loan related to the operation and management of a permanent affordable housing development for seniors with extremely low-incomes on County property located at 1000 Twin Dolphin Drive in Redwood City; and

B) Authorizing and directing the Director of the Department of Housing, or designee, in consultation with County Counsel, to negotiate and execute an Operator Agreement, a Lease Agreement, and all documents evidencing and securing a start-up loan in a total amount not to exceed $1,500,000 in Measure K funds, with MidPen Housing Corporation, related to the operation and management of a permanent affordable housing development for seniors with extremely low-incomes on County property located at 1000 Twin Dolphin Drive in Redwood City.

body
BACKGROUND:
The Homekey Program ("Homekey"), administered by the California Housing and Community Development Department ("State HCD"), provided funding to rapidly sustain and expand the inventory of housing for people experiencing homelessness or at risk of experiencing homelessness and impacted by COVID-19. Homekey presented an opportunity for local public agencies to purchase motels and a broad range of other housing types in order to increase community capacity to respond to homelessness and the ongoing COVID-19 pa...

Click here for full text