DATE: July 11, 2017
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Agreement with Habitat for Humanity Fresno, Inc. for the Habitat Riverdale Development Project in the community of Riverdale
RECOMMENDED ACTIONS:
TITLE
1. Approve and authorize Chairman to execute Agreement with Habitat for Humanity Fresno, Inc. for HOME Investment Partnerships Program funds for the Habitat Riverdale Development Project in the unincorporated community of Riverdale ($390,000); and
2. Authorize the Director of Public Works and Planning, or his designee, to execute all loan and related documents necessary to the development, including any amendments thereto, and to approve on the County's behalf, items specified in Section VII of the Agreement.
REPORT
The first recommended action requests Board approval and execution of an Agreement with Habitat for Humanity Fresno, Inc. (Habitat), a Nonprofit Corporation, which is the project developer. The Agreement before the Board provides a construction loan for $390,000 from the County's set aside Community Housing Development Organization (CHDO) funds from the HOME Investment Partnerships (HOME) Program Grant to assist with the development of two single-family residential homes for low-income residents in the unincorporated community of Riverdale, to be known as Habitat Riverdale, for which the total cost of the development is expected to be $478,000.
The second recommended action authorizes the Director of Public Works and Planning, or his designee, at his discretion, to execute all loan and related documents necessary for the project, and any amendments thereto for the loan agreement.
ALTERNATIVE ACTION:
The Board may deny the Agreement as proposed, or make any changes as appropriate, consistent with the Federal regulations governing the HOME Program. If the HOME funds are not approved, the Habitat Riverdale Project may not be developed, and the County of Fresno...
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