TITLE:
title
COMMITMENT OF $1,500,000 OF HOME INVESTMENT PARTNERSHIP FUNDS TO COMMUNITY DEVELOPMENT PARTNERS FOR THE MOTEL 6 HOUSING PROJECT LOCATED AT 2274 NEWPORT BOULEVARD
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DEPARTMENT: ECONOMIC AND DEVELOPMENT SERVICES DEPARTMENT/HOUSING AND COMMUNITY DEVELOPMENT
PRESENTED BY: NATE ROBBINS, NEIGHBORHOOD IMPROVEMENT MANAGER AND MIKELLE DAILY, GRANT ADMINISTRATOR
CONTACT INFORMATION: MIKELLE DAILY, GRANT ADMINISTRATOR, 714-754-5678
RECOMMENDATION:
recommendation
Staff recommends the City Council:
1. Approve the allocation and appropriation of $1,500,000 in HOME Investment Partnerships Program Funds (HOME) fund balance or American Rescue Plan Act funds (ARPA) for the Motel 6 Housing Project, contingent upon the completion of environmental review and a HOME Subsidy Layering Review.
2. Authorize the City Manager to execute a commitment letter with Community Development Partners ("CDP") for $1,500,000 for the Motel 6 housing project.
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BACKGROUND:
Motel 6 Housing Project
The Motel 6 Housing Project ("Project") is located at 2274 Newport Boulevard, Costa Mesa (APN 426-053-15). The Project site is approximately 1.16 acres and contains buildings currently occupied by Motel 6 Costa Mesa, consisting of 94 guest rooms for commercial motel/hospitality use. The proposed Project contemplates the conversion of the motel property into 88 units of permanent affordable housing, of which, 30 will be set-aside for veterans experiencing homelessness, 10 will be set-aside for households experiencing homelessness that are also eligible to receive Mental Health Services Act (MHSA) assistance, and the remaining 48 will be set-aside for senior citizens (age 62+) earning 50% or less of the Area Median Income (AMI). The Project has already secured funding commitments from the Homekey Program, the Orange County Housing Finance Trust, the County of Orange and the City of Costa Mesa.
Homekey Program
The California Department of Housing and Community Development's Homekey ...
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