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HomeMy WebLinkAboutCC Resolution 14861 (Affordable Housing Trust Fund Allocations)Page 1 of 2 RESOLUTION NO. 14861 RESOLUTION OF THE SAN RAFAEL CITY COUNCIL APPROVING A HOUSING TRUST GRANT TO HOMEWARD BOUND OF MARIN FOR THE AFFORDABLE HOUSING DEVELOPMENT AT 190 MILL STREET IN AN AMOUNT NOT TO EXCEED $750,000, AND AUTHORIZING THE CITY MANAGER TO EXECUTE A GRANT AGREEMENT AND ALL RELATED DOCUMENTS THAT MAY BE REQUIRED BY OTHER SOURCES OF FINANCING FOR THE PROJECT WHEREAS, on January 21, 2020, the City Council adopted Resolution No. 14760, establishing Guidelines for the Administration of the Affordable Housing Trust Fund; and WHEREAS, on February 6, 2020, the City conducted a pre-application process to solicit affordable housing proposals from stakeholders that would be interested in requesting funding from the City’s Affordable Housing Trust Fund with the intention to inform stakeholders of an upcoming Notice of Funding Availability (NOFA) announcement, and to get a better understanding of the range of potential affordable housing projects that are planned in the San Rafael community that are potentially eligible for trust funds; and WHEREAS, during this pre-application phase, the City received six (6) submissions totaling approximately $6.5 million in potential funding requests; and WHEREAS, on June 5, 2020, the City issued a NOFA for one million six-hundred thousand dollars ($1,600,000) of initial funding to spur the creation of affordable family rental housing with an application deadline of June 19, 2020 by 5:00pm; and WHEREAS, during this NOFA the City received four applications totaling $3.25 million in funding requests, including an application from Homeward Bound of Marin for the affordable housing development at 190 Mill Street in San Rafael (“190 Mill Street”); and WHEREAS, applications were reviewed using the evaluation criteria listed in Section 5 of the Guidelines for the Administration of the Affordable Housing Trust Fund; and WHEREAS, based upon this evaluation criteria, the 190 Mill Street project was recommended for funding as a grant in an amount up to $750,000 as result of being a new construction project and providing housing for very low and extremely low-income households and substantial supportive services; and WHEREAS, the City has sufficient funds in the Affordable Housing Trust Fund #243 to be appropriated for FY20/21 to support this grant; NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Rafael hereby approves a housing trust grant to Homeward Bound of Marin for the affordable housing development at 190 Mill Street in an amount not to exceed $750,000, and authorizes the City Manager to execute a grant agreement and all related documents that may be required in connection with other sources of financing for the project, in a form to be approved by the City Attorney. Page 2 of 2 I, LINDSAY LARA, Clerk of the City of San Rafael, hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a regular meeting of the City Council of said City held on Monday the 5th day of October 2020, by the following vote, to wit: AYES: COUNCILMEMBERS: Bushey, Colin, Gamblin, McCullough & Mayor Phillips NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None LINDSAY LARA, City Clerk