REPORT TO THE CITY COUNCIL
FROM: JENNIFER CLARK, Director
Planning and Development Department
THROUGH: PHILIP SKEI, Assistant Director
Planning and Development Department
BY: BRANDON SISK, Senior Management Analyst
Community Development Division
SUBJECT
Title
Actions pertaining to funding provided by the U.S. Department of Housing and Community Development Office of Community Planning and Development (HUD CPD):
1. HEARING to obtain public comments regarding Substantial Amendment 2023-01 to the 2023-2024 Annual Action Plan and submission of a $20 million Section 108 Loan Application to the United States Department of Housing and Urban Development (HUD) for the development of a Senior Activity Center, located at 4343 North Blackstone Avenue
2. ***RESOLUTION - Adopting Substantial Amendment 2023-01 to the Fiscal Year (FY) 2023-2024 Annual Action Plan; authorizing submission to the U.S. Department of Housing and Urban Development (HUD) to apply for a $20 million Section 108 Loan for the development of a Senior Activity Center; and authorizing the City Manager or designee to sign all necessary implementing documents required by HUD (Subject to Mayor's veto)
Body
RECOMMENDATION
Staff recommends the City Council obtain the views and comments from interested persons regarding Substantial Amendment 2023-01 and Section 108 Loan Application for the development of a Senior Activity Center; thereafter adopt Substantial Amendment 2023-01 to the 2023-2024 Annual Action Plan; and authorize submission of Substantial Amendment 2023-01 and Section 108 Loan Application to HUD.
EXECUTIVE SUMMARY
HUD Section 108 Loan proceeds have been identified as a key component in the financing plan for the planned Senior Activity Center. To secure this financing, HUD requires an approved Substantial Amendment to the 2023-2024 Annual Action Plan and an authorized submission of a Section 108 Loan Application.
BACKGROUND
In its 2020-2024 Consolidated Plan, City ...
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