REPORT TO THE CITY COUNCIL
DATE: May 17, 2018
FROM: MARLENE MURPHEY, Executive Director
SUBJECT
Title
Actions pertaining to approx. 0.17 acres of property located at 329 N. College Avenue (APNs 459-141-09T):
1. Adopt a finding of Categorical Exemption pursuant to Article 19, Section 15332 (Class 32 - Infill) of the California Environmental Quality Act (CEQA).
2. Approve a Purchase, Sale and Development Covenant Agreement with Self-Help Enterprises, a California Corporation for property located at 329 N. College Avenue
Body
RECOMMENDATION
It is recommended that the City of Fresno in its capacity as the Housing Successor to the Redevelopment Agency (FHS) approve an agreement with Self-Help Enterprises for the sale of property and financial assistance for development of an affordable single family home in the Lowell neighborhood.
EXECUTIVE SUMMARY
The FHS is recommending approval of a Purchase, Sale and Development Covenant Agreement with Self-Help Enterprises (SHE) that will provide for infill development of an affordable single family home on a vacant FHS-owned lot, and the opportunity for a lower income working family to own a home. SHE proposes to construct a new single-family home in the Lowell neighborhood with 45-year affordable housing covenants that will help fulfill FHS affordable housing requirements as well as community goals for revitalization and homeownership.
BACKGROUND
The former Redevelopment Agency used Housing Set Aside (HSA) funds for the purchase of property to develop affordable housing. In conjunction with the dissolution of redevelopment agency assets, Fresno successfully prevailed in Sacramento Superior Court to retain the properties purchased with HSA funds for affordable housing development. Subsequently, SB 341 set deadlines to initiate and perform affordable housing development on HSA property; and, set more restrictive eligibility requirements that limit qualifying household income to a maximum of 80 percent of average...
Click here for full text