Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Raymond Hodges, Director of Department of Housing
Subject: Homekey 3.0 Application Submittal and Matching Fund Authorizations
RECOMMENDATION:
title
Adopt a resolution:
A) Approving and adopting a form resolution from the State Department of Housing and Community Development in the form shown as Attachment A, authorizing the County's application to the Homekey Program for funding in a total amount not to exceed $35,000,000 to cover capital and operating expenses for the conversion of a hotel to permanent rental housing for people who are experiencing homelessness or chronic homelessness, or are at risk of homelessness (the "Property"); and
B) Authorizing an allocation of up to $14,850,000 in federal American Rescue Plan Act ("ARPA") funds, or other funds as determined by the County Executive, representing 1.5 times the estimated required match of local funds for the capital costs of the Property and an allocation of up to $17,320,000 representing 1.5 times the estimated minimum required match of five years of operating subsidy provided in the form of an award of County Housing Vouchers for the Property; and
C) Authorizing and directing staff to file a notice of exemption for the Property under the California Environmental Quality Act; and
D) Authorizing and directing staff to enter into a Memorandum of Understanding with a special purpose entity owned and controlled by Episcopal Community Services of San Francisco (ECS), a California nonprofit corporation ("Special Purpose Entity"), setting forth the terms and conditions under which the Special Purpose Entity as the County's co-applicant for the Homekey award will acquire, rehabilitate, manage, operate and provide supportive services at the Property in the event the County's application for funds from the Homekey Program for the Property is approved and the County acquires the Proper...
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