Agenda Item Wording:
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Authorize Homekey+ Grant Application - Authorize staff to apply for Homekey+ funding to assist with the operation and capital repairs for Majestic Gardens, a permanent supportive rental housing complex with 42 Homekey+ eligible units to include 10 veteran units, upon the completion of the application by the partner agency.
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Agenda Date: 11/16/2026
Prepared by:
Margie Perez, Housing Specialist, margie.perez@visalia.gov, (559) 713-4460; Nichol Ritchie, Finance Manager, nichol.ritchie@visalia.gov, (559) 713-4379; Renee Nagel, Finance Director, renee.nagel@visalia.gov, (559) 713-4375
Department Recommendation:
Staff recommends that Council:
•Authorize staff to submit a joint application with RHCB Development LP and Visalia Homekey LP for the Homekey+ Notice of Funding Availability (NOFA) not to exceed $15 million to assist with the operation and capital repairs of the Majestic Gardens to provide permanent supportive housing that includes 41 resident units, that will include 10 units for veterans experiencing or at-risk of homelessness, and one manager unit.
•Adopt resolution 2026-74 authorizing a joint application with RHCB Development LP and Visalia Homekey LP for Homekey+ program as required by California Department of Housing and Community Development.
Summary:
The state released a competitive Homekey+ Amended NOFA through Proposition 1 to encourage veteran assisted projects including previously funded Homekey projects, such as Majestic Gardens, that will have newly restricted units for veterans.
Veteran units will only be made available at normal turnover; therefore, no existing tenants will be displaced. If units cannot be filled with Veterans at or below 30% area median income (AMI), secondary tenants can be housed. Secondary tenants are defined as 1) veterans who are at risk of or experiencing homelessness whose incomes are up to 50% AMI and are receiving income due to service-connected disability benefits...
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