To: Board of Supervisors
From: John Kopchik, Director, Conservation and Development
Report Title: Approval of $4,382,047 HOME-ARP, $1,421,000 Measure X Housing, and $1,000,000 PLHA Loan(s) and Related Documents for the Legacy Court Project in Richmond
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
1. APPROVE a total loan amount of $6,803,047 to Legacy Court L.P., a California Limited Partnership, for the construction of an affordable rental housing development known as Legacy Court Apartments located on scattered sites at Fred Jackson Way between Willard Avenue and Duboce Avenue in the City of Richmond, as follows:
a. HOME Investment Partnership Program-American Rescue Plan (HOME-ARP) funds in the amount of $4,382,047; and
b. Measure X Housing funds in the amount of $1,421,000; and
c. Permanent Local Housing Allocation (PLHA) funds in the amount of $1,000,000
2. AUTHORIZE the Director of Conservation and Development, or designee, to execute legal documents to affect the HOME-ARP, Measure X and PLHA loan(s);
3. FIND, as the responsible agency, that on the basis of the whole record before the County (including the California Environmental Quality Act (CEQA)) review prepared by the City of Richmond, as the lead agency, that the development is categorically exempt under CEQA Guidelines Section 15194; and DIRECT the Conservation and Development Director, or designee, to file a Notice of Exemption for Legacy Court Apartments with the County Clerk; and pay any required fee for the filing.
FISCAL IMPACT:
HOME-ARP funds were provided to the County on a formula allocation basis through the U.S. Department of Housing and Urban Development (HUD) as part of the American Rescue Plan Act of 2021 (CFDA #14.239 HOME). PLHA funds are provided to the County as a grant on a formula application basis through the State's Department of Housing and Community Development (HCD). Measure X Housing funds are part of the County Gene...
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