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Planning and Building Department, Planning Division, Long Range Planning, Housing Unit, recommending the Board:
1) Adopt and authorize the Chair to sign Resolution 048-2024 for the submittal of a 2024 Home Investment Partnerships Program application to the State of California Department of Housing and Community Development to provide up to $12,150,000 in funding for El Dorado Haven Apartments, an affordable multi-family rental project; and
2) If awarded, authorize the Director of the Planning and Building Department, or designee, contingent upon approval by County Counsel and Risk Management, to execute the grant agreement and subsequent amendments thereto that do not affect the dollar amount or the term and to sign other grant-related documents.
FUNDING: Federal Home Investment Partnerships Program Grant Funds.
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DISCUSSION / BACKGROUND
The State of California Department of Housing and Community Development (Department) issued a Notice of Funding Availability (NOFA) dated January 19, 2024, for the Home Investment Partnerships Program (HOME).
Eligible applicants for HOME grant assistance include a city or county that does not receive a direct allocation of HOME funds from the United States Department of Housing and Urban Development (HUD).
In response to the 2024 NOFA, the County of El Dorado (Applicant) desires to submit a project application for an allocation of up to $12,150,000 of the HOME Program funds for predevelopment and construction costs associated with El Dorado Haven Apartments. The application is in partnership with Mercy Housing California who will construct and manage the project. The 65-Unit multi-family affordable rental project will be located in Unincorporated El Dorado County in the community of Diamond Springs off Pleasant Valley Road/Highway 49, just south of Lake Oaks Mobile Home Park (Assessor Parcel Number 331-301-017-000).
On June 10, 2021, the Planning Commission (File No. 21-0915, Item No. 2) approved the Des...
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