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File #: 25-4620    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 10/16/2025 In control: BOARD OF SUPERVISORS
On agenda: 11/4/2025 Final action:
Title: APPROVE and AUTHORIZE the Conservation and Development Director, or designee, to execute legal documents and take related actions to provide a HOME Investment Partnership Program loan in the amount of $1,500,000, a Measure X loan in the amount of $5,000,000, and a Permanent Local Housing Allocation loan in the amount of $1,876,423 to ECP Parcel A South Housing Partners, L.P., for the construction of an affordable rental housing development located at 515 Richmond Street in the City of El Cerrito, and make related findings under the California Environmental Protection Act, as recommended by the Conservation of Development Director. (18% Federal, 22% State, and 60% County Measure X funds)
Attachments: 1. EL Cerrito Plaza A South County Loan Agreement(4072096.2), 2. El Cerrito Plaza A South County Loan Leasehold Deed of Trust(4070592.2), 3. El Cerrito Plaza A South County Loan Promissory Note(4070963.2), 4. El Cerrito Plaza A South County Regulatory Agreement (HOME, PLHA, Measure X )(4070598.3), 5. El Cerrito Plaza A South Intercreditor and Subordination and Agreement with the City of El Cerrito(4070600.2)
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To: Board of Supervisors
From: John Kopchik, Director, Conservation and Development
Report Title: Approval of $1,500,000 HOME loan, $5,000,000 Measure X loan, and $1,876,423 PLHA loan for the El Cerrito Plaza Parcel A South Affordable Housing Project in El Cerrito
?Recommendation of the County Administrator ? Recommendation of Board Committee


RECOMMENDATIONS:

1. APPROVE loans of (i) HOME Investment Partnerships Program (HOME) funds in the amount of $1,500,000, (ii) Measure X (MX) funds in the amount of $5,000,000, and (iii) Permanent Local Housing Allocation (PLHA) funds in the amount of $1,876,423 to ECP Parcel A South, L.P., a California limited partnership (Developer), for the construction of an affordable housing development known as El Cerrito Plaza Parcel A South Affordable Housing, located at 515 Richmond Street in El Cerrito.

2. AUTHORIZE the Director of Conservation and Development, or designee, to execute loan documents between the County and the Developer to evidence (i) the $1,500,000 HOME loan, (ii) the $5,000,000 MX loan, and (iii) the $1,876,423 PLHA loan, subject to approval by the County Administrator and approval as to form by County Counsel.

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 El Cerrito, as the lead agency, that the development is exempt under CEQA Guidelines Section 15268; and DIRECT the Conservation and Development Director, or designee, to file a Notice of Exemption for El Cerrito Plaza Parcel A South Affordable Housing with the County Clerk, and pay any required fee for the filing.

FISCAL IMPACT:

HOME funds are provided to the County on a formula allocation basis through the U.S. Department of Housing and Urban Development (HUD) (CDFA #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 Develop...

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