Agenda Item Wording:
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Authorize staff to apply for Homekey Round 3.0 not to exceed $15 million to assist with the development and operation of the Majestic Project to convert the Majestic Motel into permanent supportive rental housing upon the completion of the application by the partner agency to fully comply with the grant and City requirements.
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Deadline for Action: 4/17/2023
Submitting Department: Finance and Technology Services
Contact Name and Phone Number: Margie Perez, Housing Specialist, margie.perez@visalia.city, (559)713-4460; Melody Murch Assistant Finance Director, melody.murch@visalia.city, (559)713-4379; Renee Nagel, Finance Director, renee.nagel@visalia.city, (559)713-4375
Department Recommendation:
Staff recommends that Council:
* Receive a summary of the funding available for the Homekey Round 3 and authorize staff to apply as a joint application with RHCB Development, LP for the Homekey Round 3 Notice of Funding Available (NOFA) not to exceed $15 million dollars to assist with the development and operation of the Majestic Project to provide permanent supportive housing for people experiencing homelessness;
* Adopt Resolution 23-__ authorizing a joint application with RHCB Development, LP for Homekey 3.0 (round three) program as required by California Department of Housing and Community Development; and
* Authorize the City Manager or their designee to sign Resolution 23-__.
Background Discussion:
Homekey is a statewide effort to sustain and rapidly expand housing for people experiencing homelessness or at risk of homelessness administered by the California Department of Housing and Community Development Department (HCD). Homekey is an opportunity for state, regional, and local public entities to develop a broad range of housing types, including but not limited to hotels, motels, hostels, single-family homes and multifamily apartments, adult residential facilities, and manufactured housing, and to convert commercial properti...
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