City Council

17. AMENDMENT TO THE HOUSING DEPARTMENT’S FISCAL YEAR 2023 OPERATING\nBUDGET AND APPROVAL OF KEY TERMS OF AMENDMENT TO AGREEMENT NO. 23,651 WITH\nHHP-FOOTHILL, LLC FOR\nDEVELOPMENT OF INTERIM HOUSING PROJECT AT 2322 E. FOOTHILL BOULEVARD\nFOR TRANSITION AGE YOUTH (Housing Dept.)\nRecommendation: It is recommended that the City Council:\n(1) Find that the proposed housing financing, acquisition and rehabilitation activity, as\ndescribed in the agenda report, does not have a significant effect on the environment and has been\ndetermined to be categorically exempt\nunder Class 1 (Existing Facilities) (State CEQA Guidelines Section 15301) and Class 26\n(Acquisition of Housing) State CEQA Guidelines Section 15326;\n(2) Approve a budget amendment to increase the Housing Department’s Fiscal Year 2023\nOperating Budget by a net amount of $729,500 in funding appropriations for the HHP Transition Age\nYouth Housing project consisting of\na $1,000,000 increase in appropriations in the Home Investment Partnership Fund (HOME) and\na $270,500 decrease of appropriations in the Inclusionary Housing Trust Funds; and\n(3) Approve certain key business terms, as described in the agenda report, of the proposed\nAmendment to Affordable Housing Loan Agreement No. 23,651 with HHP-Foothill, LLC, and authorize\nthe City Manager to execute any\nand all documents necessary to effectuate the staff recommendation.\nLegislative Policy Committee