To: Board of Supervisors
From: John Kopchik, Director, Conservation and Development
Report Title: Approval of Modifications to Contingencies Related to an award of CDBG and PLHA Funds for The Riveter-Supportive project in Richmond
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
APPROVE modifications to contingencies related to an award of FY 2023/24 Permanent Local Housing Allocation (PLHA) and FY 2024/25 Community Development Block Grant (CDBG) funds for The Riveter-Supportive project, co-developed by Eden Development, Inc., and Community Development Housing Corporation of North Richmond located at 100 38th Street in Richmond, to extend the deadlines for securing all financial commitments to December 31, 2025 and for securing the necessary CDBG and PLHA loans to July 1, 2026.
FISCAL IMPACT:
No General Fund Impact. CDBG funds are provided to Contra Costa County on a formula basis through the U.S. Department of Housing and Urban Development (HUD). PLHA funds are provided to the County as a grant on a formula application basis through the State of California's Department of Housing and Community Development.
BACKGROUND:
On June 7, 2022, the Contra Costa County Board of Supervisors (Board) awarded Eden Development, Inc. (Eden) and Community Housing Development Corporation of North Richmond (CHDC) $500,000 in FY 2022/23 PLHA funds for The Riveter-Supportive project in the City of Richmond. The project is for the adaptive-reuse and conversion of the former Richmond Health Building into 58 affordable permanent, supportive housing rental units. The project's primary objective is to serve homeless individuals at the lowest income levels who need additional supportive services not offered in traditional affordable housing developments.
The allocation of FY 2022/23 PLHA funds was contingent upon the following:
* All other financing commitments necessary to perform the project in place by December 31, 2023.
* PLHA funds...
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