REPORT TO THE CITY COUNCIL
September 20, 2018
FROM: JENNIFER K. CLARK, Director
Development and Resource Management Department
THROUGH: KELLI FURTADO, Assistant Director
Development and Resource Management Department
BY: THOMAS MORGAN, Housing Manager
Housing and Community Development Division
SUBJECT
Title
Actions pertaining to a Neighborhood Stabilization Program 3 Agreement with the Housing Authority of the City of Fresno, CA: (Council District 5)
1. Adopt a finding of Categorical Exemption pursuant to Section 15303/Class 3 of the California Environmental Quality Act (CEQA) Guidelines; and
2. Approve a $148,700 development agreement for the new construction of a single-family house located at 844 S. Chance Avenue.
Body
RECOMMENDATION
Staff recommends the City Council approve a $148,700 Neighborhood Stabilization Program 3 (NSP3) Agreement (Exhibit "A") with the Housing Authority of the City of Fresno, CA (Housing Authority) for the new construction of a single-family house located at 844 Chance Avenue (APN: 470-073-10) (Exhibit "B" and "C"), and authorize the City Manager to sign all implementing documents required by the U.S. Department of Housing and Urban Development (HUD), approved as to form by the City Attorney's office.
EXECUTIVE SUMMARY
The Housing Authority is proposing to partner with Fresno City College and Habitat for Humanity Fresno County (Habitat) to demolish the existing 834 square foot house and carport and construct one new 1,285 square foot, three-bedroom/two-bath house and carport at 844 Chance Avenue (Chance House). Upon completion of construction, the Chance House will be sold to a low-income household at the fair market appraised value. At the close of escrow, the City will forgive the difference between the total construction cost and the final sale price of the house.
BACKGROUND
As a recipient of HUD NSP3 funding, the City is required to use these funds for affordable housing ...
Click here for full text