DATE: May 20, 2025
TO: Mayor and City Council
FROM: Director of Development Services
SUBJECT
Title
Adopt a Resolution Authorizing the City Manager to Execute an Agreement with Resources for Community Development in Connection with the State of California Affordable Housing and Sustainable Communities (AHSC) Program; and Finding that the Action is Exempt from CEQA Review
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RECOMMENDATION
Recommendation
That the City Council adopts a resolution (Attachment II) authorizing the City Manager to Negotiate and Execute A Non-Applicant agreement with Resources for Community Development or its affiliates in connection with The California Affordable Housing Sustainable Communities notice of funding availability and that certain Disposition Development and Loan Agreement, as amended, between RCD GP IV, LLC and Parcel Group 8, L.P. and making specified findings in association with a Government Code Section 65913.4 exemption from the California Environmental Quality Act.
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SUMMARY
On June 28, 2022, the City Council authorized the City Manager to negotiate and execute a Disposition Development and Loan Agreement (DDLA) and related documents, with Resources for Community Development (Developer) for the transfer of the affordable housing segment of Parcel Group 8 to develop new affordable housing and rehabilitate existing units and found the project is consistent with prior California Environmental Quality Act (CEQA) determinations. Since the execution of the DDA, staff and the Developer have been working collaboratively to prepare the site for development and secure financing for the project. The Developer is preparing to submit an application for AHSC fundings due on May 28, 2025 which, if successful, provides financing for the development of affordable housing, rehabilitation of existing housing on Parcel Group 8 and provides financing for transportation improvements and amenities constructed by public agencies. T...
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