Report Prepared by: Leah Brown, Management Analyst, Development Services
Title
SUBJECT: Approval of Funds of $200,000 from Fund 2513 - Low Moderate-Income Housing to Complete the 73 South R Street - CC915 Merced, Inc. Affordable Container Home Project
REPORT IN BRIEF
Considers approving funds of $200,000 from Fund 2513 - Low Moderate-Income Housing to complete the 73 South R Street - CC915 Merced, Inc. affordable container home project.
RECOMMENDATION
City Council - Adopt a motion:
A. Approving funds of $200,000 from Fund 2513-Low Moderate-Income Housing, to CC915 Merced, Inc. towards a 100% affordable housing project at 73 South R Street and issuing them a letter of commitment; and,
B. Authorizing the drafting of funding contribution agreements and covenants for Council approval at a later meeting.
Body
ALTERNATIVES
1. Approve, as recommended by Staff; or,
2. Approve, subject to conditions other than recommended by Staff (identify specific findings and/or conditions amended to be addressed in the motion); or,
3. Deny; or,
4. Continue to a future meeting (date and time to be specified in the motion).
AUTHORITY
Charter of the City of Merced, Section 200.
CITY COUNCIL PRIORITIES
Fiscal Year 2024-2025 Adopted Goals and Priorities, Housing & Homelessness.
DISCUSSION
In April 2021, the City of Merced issued a Request for Proposals (RFP) to solicit interest from perspective affordable housing development partners for several properties held by the City of Merced as the Housing Successor Agency. CC915 Merced, Inc., then Custom Containers 915, responded to the proposal for the location at 73 S. R St. with the intent of utilizing container units to create permanent supportive housing units. The proposal also included a partnership with the Merced Rescue Mission, a local nonprofit service provider, that will assist in site management and other services.
The City Council supported the project and provided authority to enter into an Exclusive Negoti...
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