Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Raymond Hodges, Director, Department of Housing
Subject: Allocation of Measure K, American Rescue Plan Act, and other funds from the Affordable Housing Fund 10.0 to affordable housing projects
RECOMMENDATION:
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Measure K: Adopt a resolution:
A) Approving Affordable Housing Fund (AHF) 10.0 commitments of up to $54,361,963, consisting of $19,800,000 in Measure K Fiscal Year (FY) 2022-23 funds approved by the Board of Supervisors for affordable housing purposes; $25,336,972 in American Rescue Plan Act (ARPA) funds; $2,429,991 in Measure K funds allocated in previous AHF rounds but returned as project cost savings; $864,000 in Measure K funds for former foster youth allocated in a previous AHF round but returned due to adjustments in project plans; $931,000 in State of California Department of Housing and Community Development (State HCD) Permanent Local Housing Allocation funds; and $5,000,000 in County Mental Health Services Act Project-Based Housing program funds for ten new construction affordable rental housing developments and one existing property with units that will be preserved as affordable and rehabilitated, including all conditions attached to such funding recommendations; and
B) Authorizing the Director of the Department of Housing (DOH), or designee, in consultation with the County Attorney, to negotiate and execute contracts and other documents necessary to fund the affordable housing projects, as indicated in Attachment A.
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BACKGROUND:
On April 8, 2013, the Board approved the allocation of approximately $13,400,000 of unrestricted general funds for affordable housing purposes. These funds, which initiated the County's AHF, were derived from a one-time distribution of Housing Trust Funds held by former redevelopment agencies in the County. Across eight subsequent AHF competitive funding rounds, DOH allocated a combin...
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