HomeMy WebLinkAboutCC Resolution 15358 (Affordable Housing Funding Recommendation and Upcoming Notice of Funding Availability)Page 1 of 2
RESOLUTION NO. 15358
RESOLUTION AUTHORIZING THE APPROPRIATION OF $252,000 FROM THE AFFORDABLE
HOUSING IN-LIEU FEE FUND (FUND #243), INCLUDING $2,000 IN ADMINISTRATIVE COSTS,
FOR ACQUISITION OF A NINE-UNIT APARTMENT BUILDING AT 1400 LINCOLN AVENUE FOR
PRESERVATION AS A 100% AFFORDABLE HOUSING PROJECT, AND AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL DOCUMENTS INCIDENTAL TO THE FUNDING
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 September 3, 2024, the City Council approved the implementation of a rolling
application process for the Affordable Housing Trust Fund, with up to two-hundred and fifty thousand
dollars ($250,000) in funding available per year from the Housing In-Lieu Fee Fund to support affordable
housing property acquisitions; and
WHEREAS, the City received an application from Canal Alliance requesting $250,000 in funding
for the acquisition of a nine-unit apartment building at 1400 Lincoln Avenue; and
WHEREAS, the application was 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 and the needs for local support for the
preservation of affordable housing, a funding recommendation has been developed; and
WHEREAS, the City has sufficient funds in the Housing In-Lieu Fee Fund #243 to issue the
recommended grant and the funding recommendation meets the criteria for use of the funds.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Rafael does
as follows:
Section 1. The City Council authorizes the following affordable housing expenditure from the Housing
In-Lieu Fee Fund, subject to City requirements for issuing grants for affordable housing:
i. $250,000 grant from the Housing In-Lieu Fee Fund (#243), including up to an additional $2,000
in administrative costs, for Canal Alliance for acquisition of nine existing units at 1400 Lincoln
Avenue. The project will be restricted at 60% of Marin County Area Median Income set by the
United States Department of Housing and Urban Development (HUD AMI) as published by the
Marin Housing Authority. The affordability term shall last for 55 years.
Section 2. The City Council authorizes the City Manager to execute all documents and agreements
incidental to the affordable housing fund expenditure authorized in this Resolution, in a form to be
approved by the City Attorney.
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 2nd day of December 2024, by the following vote, to wit:
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AYES: COUNCILMEMBERS: Bushey, Hill, Kertz, Llorens Gulati & Mayor Kate
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
LINDSAY LARA, City Clerk
