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File #: 200495   
Type: New Business Status: Passed
Meeting Body: City Council
On agenda: 6/22/2021
Title: Charities Housing Notice of Funding Availability Proposal-1265 Montecito Avenue
Indexes: 1265 Montecito Avenue, Affordable Housing, Affordable Housing NOFA, Charities Housing
Attachments: 1. Council Report, 2. ATT 1 - Revised NOFA Applications from Charities Housing, 3. ATT 2 - Plan Set, 4. ATT 3 - City of Mountain View Affordable Housing NOFA, 5. ATT 4 - Analysis

Title

Charities Housing Notice of Funding Availability Proposal-1265 Montecito Avenue

Recommended Action

The Notice of Funding Availability Review Committee recommends that the City Council:

 

1.                     Reserve $18,000,000 in Housing Impact funds for the Charities Housing Notice of Funding Availability application. 

 

Staff recommends, from this $18,000,000 reservation, that the City Council:

 

1.                     Direct staff to include in the Recommended Budget $1,300,000 in Housing Impact funds for predevelopment costs ($1,000,000 for Charities Housing and $300,000 for staff time, environmental, parking, and other special studies for this project).

 

2.                     Authorize the City Manager to enter into an agreement with Charities Housing in the amount of $1,000,000 for the use of the predevelopment funds.