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20250415 Orange County Brea City Council Study Session 1D. Project Preview: The Mercury Lane Affordable Housing Development April 15, 2025 Orange County Brea City Council Study Session #D
20250415 Orange County Brea City Council Administrative Items 3B. Affordable Housing Agreement with Brea 32, LLC and Homebuyer Down-Payment Assistance Funding Request for the South Brea Townhomes Project — 1. Approve an Affordable Housing Agreement (Attachment A) with Brea 32, LLC for the South Brea Townhomes Project (“Project”); — 2. Authorize the City Manager to: a. Execute the Affordable Housing Agreement; b. Execute the following two documents with four buyers of the affordable units at South Brea Townhomes (included as exhibits to Attachment A): i. Purchaser Affordability Agreement; and ii. Notice of Affordability Restrictions. c. Administratively make non- monetary revisions to the Affordable Housing Agreement and related documents as necessary or appropriate; — 3. Approve a California Environmental Quality Act (“CEQA”) Exemption Determination pursuant to CEQA Guidelines Section 15061(b)(3); April 15, 2025 Orange County Brea City Council Administrative Items #B