TITLE:
title
JAMBOREE HOUSING CORPORATION'S REQUEST FOR ADDITIONAL FUNDS FOR THE DEVELOPMENT OF THE COSTA MESA SENIOR PROJECT
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DEPARTMENT: CITY MANAGER'S OFFICE
PRESENTED BY: HADASSA JAKHER, ASSISTANT TO THE CITY MANAGER
CONTACT INFORMATION: HADASSA JAKHER, (714)754-4885
RECOMMENDATION:
recommendation
Staff recommends the City Council:
1. Provide direction on the amount and source of funding, if any, to provide to Jamboree Housing Corporation for the development of the Costa Mesa Senior Project.
2. Authorize the City Manager to execute a funding commitment letter with Jamboree Housing Corporation for an authorized by the City Council for the development of the Costa Mesa Senior Project.
3. Authorize revenue and expense appropriations, and allocate the funds approved by the City Council for the Costa Mesa Senior Project.
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BACKGROUND:
On March 18, 2025, the City Council approved Jamboree's 70-unit affordable multi-family residential project for seniors. The proposed units are at varying income levels and funded through various means:
* 1 unit for an on-site manager
* 69 affordable housing units
o 34 one-bedroom units - 30% or below Area Median Income, for permanent supportive housing
* 23 units include wrap-around social services
* 10 units financed by Mental Health Services Act (MSHA)
* 13 units financed by the County
* 11 units without wrap-around social services
* 11 units financed by Local Housing Trust Fund (LHTF)
o 1 two-bedroom unit (30% or below Area Median Income) for a small family or senior with a full-time caregiver
o 34 units - 60% or below AMI
On December 3, 2025, the OC Housing Trust Fund Board noted that Jamboree's project would be ineligible for 2024 LHTF funding due to the City of Costa Mesa's Housing Element not being certified by the State at the time. Thus, the MHSA matching funds would need to be reserved for future eligible LHTF projects.
The OC Housing Trust Fund Board voted to reallocate the LHFT funds, but prese...
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