To: Board of Supervisors
From: John Kopchik, Director, Conservation and Development
Report Title: Approval of $994,807 CDBG and $1,000,000 HOME Loan and Related Documents for Chesley Mutual Housing Renovation
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
APPROVE and AUTHORIZE the Conservation and Development Director, or designee, to execute legal documents to provide a Community Development Block Grant (CDBG) loan of $994,807 and a HOME Investment Partnerships Program (HOME) loan of $1,000,000 to Chesley Avenue, L.P., a nonprofit limited partnership, to rehabilitate the Chesley Mutual Housing affordable apartment project located at 802 Chesley Avenue in Richmond.
FISCAL IMPACT:
No General Fund impact. Community Development Block Grant (CDBG) funds and HOME Investment Partnerships Program (HOME) funds are provided to the County on a formula allocation basis through the U.S. Department of Housing and Urban Development (HUD). CDBG CFDA #14.218, HOME CFDA #14.239.
BACKGROUND:
On May 11, 2021, the Board of Supervisors approved an allocation of $994,807 in CDBG funds and $1,000,000 in HOME funds to Chesley Avenue, L.P., a limited partnership with Community Housing Development Corporation of North Richmond acting as the managing general partner. The funds will be provided as a loan for the rehabilitation of Chesley Mutual Housing, a 19-year-old affordable housing development located at 802 Chesley Avenue in Richmond. The scope of work will include interior and exterior improvements, including but not limited to new roofing shingles and flashing, siding, and wall repair; replacement of lighting and installation of new play area surface and equipment; plumbing upgrades including new water heaters, replacement of bathroom hardware (shower heads and valves) and stall repair; Heating/Ventilation/Air Conditioning (HVAC) equipment repairs/improvements; and upgrading fire alarm and carbon monoxide detection system.
The C...
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