To: Board of Supervisors
From: John Kopchik, Director, Conservation and Development
Report Title: Approval of a $1,000,000 Community Development Block Grant (CDBG) Loan for Civic Center Apartments, Richmond
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
APPROVE and AUTHORIZE the Conservation and Development Director, or designee, to execute, subject to approval by the County Administrator and approval as to form by County Counsel, loan documents to provide a $1,000,000 Community Development Block Grant (CDBG) loan to 425 Civic Center, LP, a California limited partnership, for the use in the acquisition, conversion and rehabilitation of an existing Motel 6 to become permanent supportive affordable housing, known as the Civic Center Apartments Project, located at 425 24th Street in the City of Richmond.
FISCAL IMPACT:
No General Fund impact. CDBG funds are provided to the County on a formula allocation basis through the U.S. Department of Housing and Urban Development (HUD).
CFDA #14.218
BACKGROUND:
Project Description
On June 25, 2024, the Board of Supervisors approved an allocation of $1,000,000 in CDBG funds to Novin Development, Inc. (Novin) for the Civic Center Apartments project located at 425 24th Street in the City of Richmond. The project is proposed as a 49-unit acquisition and conversion/rehabilitation project with 48 studio units affordable to and occupied by extremely-low-income households earning up to 30% of the Area Median Income (AMI) that meet the definition of chronically homeless. Each unit is proposed to add kitchenettes that will provide affordable, permanent, supportive housing. All 48 units will be considered County-assisted. The site is currently an operational Motel 6 that is planned to be acquired by the City of Richmond (City) and the City will enter into a long-term ground lease with the Partnership.
The project will use the existing building while making needed upgrades to bui...
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