REPORT TO THE HOUSING AND COMMUNITY DEVELOPMENT COMMISSION
February 26, 2020
FROM: JENNIFER CLARK, Director
Planning and Development Department
THROUGH: THOMAS MORGAN, Housing and Community Development Manager
Housing and Community Development Division
SUBJECT
Title
Actions pertaining to the 2019-2020 Action Plan:
1. HEARING to obtain public comments regarding a Substantial Amendment to the 2019-2020 Annual Action Plan and submission of a $7.5 million Section 108 Loan Application to the United States Department of Housing and Urban Development (HUD) for the construction of the D4 Multi-generational Center in Large Park, located at 4424 N. Millbrook Avenue, Fresno, CA 93726.
2. Recommend City Council approve a Substantial Amendment to the 2019-2020 Annual Action Plan and authorize the submission of a $7.5 million Section 108 Loan Application to the United States Department of Housing and Urban Development (HUD) for the construction of the D4 Multi-generational Center in Large Park, located at 4424 N. Millbrook Avenue, Fresno, CA 93726.
Body
RECOMMENDATION
Staff recommends the Housing and Community Development Commission (HCDC) conduct a public hearing and thereafter recommend City Council approve Substantial Amendment 2019-1 to the 2019-2020 Action Plan and authorize submission of a $7.5 million Section 108 Loan Application.
EXECUTIVE SUMMARY
HUD Section 108 Loan proceeds have been identified as a key component in the financing plan for the proposed D4 Multi-generational Community Center. In order to secure this financing, HUD requires an approved Substantial Amendment to the 2019-2020 Annual Action Plan and an authorized submission of a Section 108 Loan application to HUD.
BACKGROUND
In the current Consolidated Plan, the City identified the provision of public facility improvements to strengthen neighborhood revitalization, and assistance to low-income and special needs households as two of its goals. These goals were driven by a strong de...
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