City Council

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