City of Fresno - File #: ID 23-689

• File #: ID 23-689
• Version: 1
• Type: Action Item
• Status: Passed
• File created: 4/24/2023
• In control: City Council
• On agenda: 4/27/2023
• Final action: 4/27/2023
• Title: Actions pertaining to the State of California's Homekey 3 Program and development of permanent affordable housing at 6507 North Polk Avenue (506-130-04) (District 2): 1. ***RESOLUTION - Authorizing joint application to and participation in the State of California's Homekey 3 Program to sustain and rapidly expand housing for persons experiencing homelessness or at risk of homelessness and authorizing the City Manager or designee to sign all required implementing documents. (Subject to Mayor's Veto). 2. ***RESOLUTION - In support of future City Contribution of Funds for construction and development expenses associated with the project in an amount not to exceed $2,800,000 upon full award of Homekey 3 funding for Valley Teen Ranch's Welcome Home project. (Subject to Mayor's Veto)
• Sponsors: Planning and Development Department, Mike Karbassi

Date	Ver.	Action By	Action	Result
4/27/2023	1	City Council	ADOPTED	Pass

REPORT TO THE CITY COUNCIL


FROM: JENNIFER CLARK, Director
Planning and Development Department

BY: PHIL SKEI, Assistant Director
Planning and Development Department

SUBJECT
Title
Actions pertaining to the State of California's Homekey 3 Program and development of permanent affordable housing at 6507 North Polk Avenue (506-130-04) (District 2):
1. ***RESOLUTION - Authorizing joint application to and participation in the State of California's Homekey 3 Program to sustain and rapidly expand housing for persons experiencing homelessness or at risk of homelessness and authorizing the City Manager or designee to sign all required implementing documents. (Subject to Mayor's Veto).
2. ***RESOLUTION - In support of future City Contribution of Funds for construction and development expenses associated with the project in an amount not to exceed $2,800,000 upon full award of Homekey 3 funding for Valley Teen Ranch's Welcome Home project. (Subject to Mayor's Veto)

Body
RECOMMENDATION

Staff recommends Council approve the resolution authorizing joint application with Valley Teen Ranch to the California Department of Housing and Community Development's (HCD) Homekey 3 Program to sustain and rapidly expand housing for persons experiencing or at risk of homelessness and authorizing the City Manager to sign all required implementing documents; and approve the resolution declaring a commitment for a future City contribution of funds for construction and development expenses in an amount not to exceed $2,800,000, contingent upon full award of Homekey 3 funding for the Valley Teen Ranch's Welcome Home Project.

EXECUTIVE SUMMARY

HCD has announced the availability of approximately $736 million through the Homekey Round 3 Notice of Funding Availability. Valley Teen Ranch has proposed to apply jointly with the City as Co-Applicants for up to $25,000,000 in financial assistance to develop permanent affordable housing for families and individuals experiencing or at ...