City Council

24\nFiscal\nYear\n2024-2025 United\nStates\nDepartment\nof\nHousing\nand\nUrban\nDevelopment Annual Action Plan Amendment to allocate $965,617.75 in Community\nDevelopment Block Grant unprogrammed funds for acquisition and rehabilitation of\nQuality Inn Motel located at 1590 University Avenue coveting 30 affordable housing\nunits - Homekey+ Program Notice of Funding Availability Acceptance of Terms and\nConditions\nof\nConditional\nAward\nwith\nCalifornia\nDepartment\nof\nHousing\nand\nCommunity Development and Riverside Housing Development Corporation for up to\n$20,137,410 of Homekey+ grant funds - Loan Agreements with Riverside Housing\nDevelopment\nCorporation\nwith\n$965,617.75 from\nCommunity\nDevelopment\nBlock\nGrant,\n$1,000,000 from\nHOME\nInvestment\nPartnerships\nProgram,\nand\n$7,569,272.25 from Homeless Housing, Assistance and Prevention Round 3 and 4\nfor University Terrace Homes project -\n1590 University Avenue (Housing and\nHuman Services) (Ward 2) (15-minute presentation)\nReport\nRHDC - Terms and Conditions\nHomekey+ Standard Agreement Exhibits - Attachment 2.pdf\nRHDC - Homeless Housing, APP Round 3 and 4 - Quality Inn Motel.pdf\nRHDC - CDBG - Quality Inn Motel.pdf\nRHDC - HOME Investment Partnerships Program - Quality Inn Motel\nPresentation\nNotice\nAttachments:\nCOMMUNICATIONS