CITY OF MERCED - File #: 21-826

• File #: 21-826
• Version: 1
• Type: Report Item
• Status: Passed
• File created: 9/30/2021
• In control: City Council/Public Finance and Economic Development Authority/Parking Authority
• On agenda: 10/18/2021
• Final action: 10/18/2021
• Title: SUBJECT: Approval of an Affordable Housing Funding Plan and Authorization of Conditional Letters of Commitment Subject to Review by the City Attorney REPORT IN BRIEF Approval of an Affordable Housing Funding Plan, authorizing Conditional Letters of Commitment consistent with the Council Direction in a form subject to review by the City Attorney, and authorizing the City Manager or Deputy City Manager to execute all related documents to implement the Affordable Housing Funding Plan and Conditional Letters of Commitment. RECOMMENDATION City Council - Adopt a motion: A. Approving of an Affordable Housing Funding Plan; and, B. Authorizing Conditional Letters of Commitment consistent with the approved Affordable Housing Funding Plan in a form subject to review by the City Attorney; and, C. Authorizing the City Manager or Deputy City Manager to execute all related documents to implement the Affordable Funding Plan and Conditional Letters of Commitment.

Date	Ver.	Action By	Action	Result
10/18/2021	1	City Council/Public Finance and Economic Development Authority/Parking Authority	approved	Pass

Report Prepared by: Scott McBride, Director of Development Services, Housing Division of Development Services Department

Title
SUBJECT: Approval of an Affordable Housing Funding Plan and Authorization of Conditional Letters of Commitment Subject to Review by the City Attorney

REPORT IN BRIEF
Approval of an Affordable Housing Funding Plan, authorizing Conditional Letters of Commitment consistent with the Council Direction in a form subject to review by the City Attorney, and authorizing the City Manager or Deputy City Manager to execute all related documents to implement the Affordable Housing Funding Plan and Conditional Letters of Commitment.

RECOMMENDATION
City Council - Adopt a motion:

A. Approving of an Affordable Housing Funding Plan; and,

B. Authorizing Conditional Letters of Commitment consistent with the approved Affordable Housing Funding Plan in a form subject to review by the City Attorney; and,

C. Authorizing the City Manager or Deputy City Manager to execute all related documents to implement the Affordable Funding Plan and Conditional Letters of Commitment.

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 2021/22 Adopted Goals and & Priorities, 4. Housing and Homelessness, ii. Policy Direction.

DISCUSSION
Background

The City Council received a comprehensive overview of the Affordable Housing Resources at the April 5, 2021 meeting. The information included an overview of the City's Housing and Urban Development (HUD) resources under both the Community Development Block Grant (CDBG) and Housing Investment Partnership (HOME) programs. Additionally, information was shared on assets o...