TITLE:
title
COMMITMENT OF $4,000,000 TO AMERICAN FAMILY HOUSING FOR THE TRAVELODGE NORTH HOUSING PROJECT AS PART OF HOMEKEY ROUND 3
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DEPARTMENT: CITY MANAGER'S OFFICE
PRESENTED BY: NATE ROBBINS, NEIGHBORHOOD IMPROVEMENT MANAGER
CONTACT INFORMATION: NATE ROBBINS, NEIGHBORHOOD IMPROVEMENT MANAGER (714) 754-5274
RECOMMENDATION:
recommendation
Staff recommends the City Council:
1. Approve a commitment of $2,500,000 in Low- and Moderate-Income Housing Asset Funds and $1,500,000 in ARPA funds to American Family Housing for conversion of the Travelodge North Motel as a Homekey Round 3 permanent housing project.
2. Authorize the City Manager or their designee to execute a Commitment Letter with American Family Housing in the amounts listed above for the Travelodge North Homekey project.
3. Authorize the City Manager to execute all applicable agreements to bring the Travelodge North Homekey project to fruition.
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BACKGROUND:
Homekey Program
On July 16, 2020, the State of California's Department of Housing and Community Development (HCD) announced the availability of $600 million in Homekey Round 1 funding to rapidly acquire and activate housing for people experiencing homelessness and impacted by COVID-19.
On September 9, 2021, HCD announced the availability of $1.45 billion in Homekey Round 2 funds to continue the State's effort to acquire and activate housing for those experiencing homelessness. The County of Orange ("County") was awarded $10,150,000 in Homekey Round 2 funds to acquire and convert the Motel 6 South located at 2274 Newport Blvd, Costa Mesa, into 87 units of permanent affordable housing. Subsequently, the Costa Mesa City Council approved a total allocation of $5,850,000 as local matching funds to assist in the conversion of the Motel 6 Homekey Project.
On March 29, 2023, HCD announced the availability of $736 million in Homekey Round 3 funds to expand the State's supply of affordable and supportive housing for those experiencing or...
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