Report Prepared by: Leah Brown, Management Analyst, Development Services Department
Title
SUBJECT: Authorization to Submit a Joint Application with CC915 Merced to the Central Valley Opportunity Fund for a $150,000 Matching Grant and Authorization to Accept, Execute, and Appropriate that Grant, If Awarded, to the 73 South R Street Affordable Veterans Container Home Project
REPORT IN BRIEF
Considers authorizing the joint application with CC915 Merced and grant agreement to the Central Valley Opportunity Fund (CVOF) for a $150,000 matching grant. Authority to accept, execute, and appropriate that grant, if awarded, to the 73 South R Street affordable veterans container home project.
RECOMMENDATION
City Council - Adopt a motion:
A. Approving the submission of a joint application with CC915 Merced to the CVOF for a matching grant of $150,000 towards a 100% affordable housing project at 73 South R Street; and,
If awarded,
B. Authorizing to accept, increase revenue, and appropriate grant funds up to $150,000 in Fund 2016-Homekey CC915 for the 73 South R Street affordable housing project; and,
C. Approving the use of pooled cash until reimbursement from the grant is received if awarded; and,
D. Authorizing the City Manager to execute necessary agreements 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 18, 2022, City Council approved a joint Homekey grant application between CC915 Merced, Inc. and the City of Merced. The project consists of container units, each are 40 fee...
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