Title:
Title
Mirasol Village Project- Application for Affordable Housing and Sustainable Communities Grant and Loan Commitment of Choice Neighborhoods Funds to Mirasol Village Block C
End
FileID
File ID: 2019-01825
Location
Location: 321 Eliza Street, District 3
Recommendation:
Recommendation
Adopt 1) a City Council Resolution that (a) authorizes the Sacramento Housing and Redevelopment Agency (SHRA) as designated Project Manager for the Mirasol Village Project (Project), to apply to the State of California Strategic Growth Council and Department of Housing and Community Development in funding Round 5 for an Affordable Housing and Sustainable Communities (AHSC) grant of up to $30 million for Block C of the Project, (b) authorizes SHRA to execute all documents required for participation in the AHSC program, and 2) a City Council Resolution that as co-grantee on the Choice Neighborhoods Implementation (CNI) Grant, authorizes SHRA to issue a loan commitment of up to $2 million of CNI funds for Block C of the Project to Twin Rivers Phase 3, L.P.
Contact: Tyrone Roderick Williams, Director of Development, (916) 440-1316, Sacramento Housing and Redevelopment Agency; Victoria Johnson, Program Manager (916) 440-1388, Sacramento Housing and Redevelopment Agency
Body
Presenter: None
Attachments
1-Description/Analysis
2-Resolution - AHSC Application
3-Resolution - CNI Commitment
4-Exhibit A (to CNI Commitment Resolution) - Loan Commitment
5-Conceptual Site Plan
6-Vicinity Map
Description/Analysis
Issue Detail: In 2015, the Housing Authority of the County of Sacramento (HACOS) and the City of Sacramento (City) were, as co-grantees, awarded a $30 million Choice Neighborhoods Implementation (CNI) Grant from the US Department of Housing and Urban Development (HUD) for the Twin Rivers (Mirasol Village) Transit Oriented Development and Light Rail Station project (Project). The development was renamed as Mirasol Village in 2019. SHRA is managing th...
Click here for full text