REPORT TO THE CITY COUNCIL
FROM: JENNIFER CLARK, Director
Planning and Development Department
PHIL SKEI, Assistant Director
Planning and Development Department
SUBJECT
Title
Approve Memorandum of Understanding between the City of Fresno and UP Holdings, LLC for the construction of sustainable transportation infrastructure and transit related amenities pursuant to UP Holdings' Affordable Housing and Sustainable Communities (AHSC) Program application due April 4, 2023.
Body
RECOMMENDATION
Staff recommends approval of this Memorandum of Understanding between the City of Fresno and UP Holdings, LLC (Developer) for the construction of sustainable transportation infrastructure and transit related amenities to serve the development at 3787 N. Blackstone upon full funding of the Developer's April 4, 2023 application for the Affordable Housing and Sustainable Communities ("AHSC") Program.
EXECUTIVE SUMMARY
The Developer has a $66 million project that consists of a 114-unit affordable multi-family development (68 family units, 45 veteran units, and 1 manager's unit) and Transit Related Amenity (TRA) and Sustainable Transportation Infrastructure (STI) components such as improved walk paths, dedicated bike paths, additional bus stops, and improved service frequency along Route 39 connecting residents to major retail, social services, education, and employment opportunities. The Developer is applying for Round 7 of the California Strategic Growth Council's Affordable Housing and Sustainable Communities (AHSC) Program to obtain needed funding to support this affordable housing project. In order for the Developer to submit a complete AHSC application, the City must enter into a contractual agreement to develop the TRA and STI elements of the project, if the project is awarded. Included in the Developer's application is up to $15,000,000 for the City to make these improvements.
BACKGROUND
The Affordable Housing and Sustainable Communities Prog...
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