REPORT TO THE CITY COUNCIL
FROM: JENNIFER K. CLARK, Director
Planning and Development Department
BY: PHIL SKEI, Assistant Director
Planning and Development Department
SUBJECT
Title
Actions pertaining to construction of 78 affordable multifamily apartments at 1538 E. Clinton Avenue in Central Fresno (District 7):
1. Adopt a finding of Categorical Exemption pursuant to Section 15332/Class 32 of the California Environmental Quality Act (CEQA) Guidelines
2. Approve an Owner Participation Agreement with 1538 E. Clinton Ave., L.P. for the construction of 78 units of affordable multi-family apartments
Body
RECOMMENDATION
Staff recommends that Council adopt the finding of Categorical Exemption pursuant to Section 15332/Class 32 (infill) of CEQA and approve an Owner Participation Agreement (OPA) authorizing a $3,000,000 loan from the City of Fresno (City) general fund for the construction of 78 units of affordable multi-family apartments at 1538 E. Clinton Avenue.
EXECUTIVE SUMMARY
On June 24, 2021, Council passed Resolution 2021-181 to loan $3,000,000 from the General Fund to 1538 E. Clinton Ave., LP (Owner) for the construction of 78 units of affordable multi-family apartments at 1538 E. Clinton Avenue (Project) and appropriated funds through a budget motion at the same meeting. This funding commitment was made on the condition the Project receive a Low-Income Housing Tax Credit Award, which it received on October 20, 2021. This OPA is presented to Council pursuant to the terms of the previously approved resolution and budget appropriation now that the Project's funding condition has been met.
BACKGROUND
On June 24, 2021, City Council passed Resolution 2021-181 to loan $3,000,000 from the General Fund to Owner for the construction of 78 units of affordable multi-family apartments at 1538 E. Clinton Avenue and appropriated these funds through a budget motion at the same meeting. Pursuant to Resolution 2021-181, the $3,0...
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