Report Prepared by: Leah Brown, Management Analyst, Development Services Department
Title
SUBJECT: Authorization to Accept and Appropriate the Homekey+ Conditional Grant Award of $28,257,013 for the Mercy Village Project in Partnership with UPholdings and Self-Help Enterprises
REPORT IN BRIEF
Considers authorizing the acceptance, and appropriation of the $28,257,013 Homekey+ conditional grant award for the Mercy Village project located at 3015 Park Avenue with partners UPholdings and Self-Help Enterprises.
RECOMMENDATION
City Council - Adopt a motion:
A. Accepting the Homekey+ Conditional Grant Award in the amount of $28,257,013; and,
B. Appropriating an increase to revenue in the amount of $28,257,013 in Fund 2017-Homekey Fund and appropriating the same for this affordable housing project; and,
C. Authorizing the use of pooled cash until reimbursement from the grant is reimbursed; and,
D. Authorizing the Finance Officer to make any necessary budget adjustments; and
E. Authorizing the City Manager or Deputy City Manager to execute any necessary agreements, to accept the award with HCD's stipulations, upon City Attorney's approval as to form.
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 2025-2026 Adopted Goals and Priorities, Housing & Homelessness.
DISCUSSION
On January 21, 2025, City Council authorized the submission of a joint application and participation in the State of California Housing and Community Development (HCD) Homekey+ Grant Program with UPholdings for the Mercy Village project.
Homekey+ is the permanent housing component of the Behavioral Health Infrastructure Bond Act, p...
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