REPORT TO THE CITY COUNCIL
FROM: JENNIFER CLARK, Director
Planning and Development Department
PHIL SKEI, Assistant Director
Planning and Development Department
BY: JENNIFER DAVIS, Senior Management Analyst
Housing Finance Division
SUBJECT
Title
Actions pertaining to a Permanent Local Housing Allocation Agreement between the City of Fresno and Karahunj, LLC for the construction of a multi-family senior affordable rental housing project location at 1514 East Bullard Avenue, Fresno (District 6):
1. Adopt a Categorical Exemption per staff determination pursuant to Section 15332/Class 32 of the California Environmental Quality Act (CEQA) Guidelines
2. Approve a Permanent Local Housing Allocation (PLHA) Agreement with Karahunj, LLC, in the amount of $1,000,000 for the construction of the Solterra Senior Living Affordable Rental Housing Development Phase I, located at 1514 East Bullard Avenue, Fresno, California 93710
Body
RECOMMENDATION
Staff recommends City Council adopt a categorical exemption pursuant to Section 15332/Class 32 (in-fill development) of the CEQA guidelines and approve a $1,000,000 PLHA Agreement with Karahunj, LLC for the predevelopment and construction of Phase I of the Solterra Senior Living Affordable Rental Housing Development, located at 1514 East Bullard Avenue, Fresno, California 93710.
EXECUTIVE SUMMARY
Karahunj, LLC is constructing 28 senior housing units, 8 of which will be preserved as Low-Income housing for age-restricted eligible households whose incomes are at or below 80% of the Area Median Income (AMI). The estimated Project cost is $5,560,000, of which $1,000,000 is proposed to be funded with Permanent Local Housing Allocation (PLHA) Program funds. Phase I of the Project will consist of 14 units and is planned to break ground in August 2024. Once completed, the entire Project will provide 28 newly constructed units for senior residents. All PLHA-assisted units will be constructed as part of Phas...
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