File #: 23-0198    Version: Name:
Type: City Resolution Status: Passed
File created: 3/16/2023 In control: *Rules & Legislation Committee
On agenda: Final action: 3/21/2023
Title: Subject: 2023 NOFA Affordable Housing Funding And Bond Commitment From: Housing And Community Development Department Recommendation: Adopt A Resolution Allocating Funds From Measure U Housing Bond Funds And Other Non-Bond Funds In A Total Amount Not To Exceed $63,000,000 To Fund New Construction Of Multifamily Rental Affordable Housing Projects, And Authorizing The City Administrator To Make Development Loans Under The New Construction Of Multifamily Rental Affordable Housing Program Without Returning To Council, Contingent On Funding Availability
Attachments: 1. View Report, 2. View Legislation, 3. 89646 CMS

Title

Subject:                     2023 NOFA Affordable Housing Funding And Bond Commitment                     

From:                                          Housing And Community Development Department 

Recommendation: Adopt A Resolution Allocating Funds From Measure U Housing Bond Funds And Other Non-Bond Funds In A Total Amount Not To Exceed $63,000,000 To Fund New Construction Of Multifamily Rental Affordable Housing Projects, And Authorizing The City Administrator To Make Development Loans Under The New Construction Of Multifamily Rental Affordable Housing Program Without Returning To Council, Contingent On Funding Availability