City Council

9. CONSIDERATION OF AN ASSIGNMENT TO THE DISPOSITION AND DEVELOPMENT\nAGREEMENT (DDA) TO THE CESAR CHAVEZ FOUNDATION FOR A PROPOSED\nAFFORDABLE HOUSING PROJECT IN DOWNTOWN ALHAMBRA – F2M19-39,\nR2M20-40, M2M24-196\nIn November 2020, the City Council approved a DDA with American Family Housing (AFH)\nto build a seven story 50-unit affordable housing project (Mariposa Project) on a City-\nowned parcel currently used as a surface parking lot in the downtown district between\nFirst and Second Streets, south of Main Street, immediately north of an AT&T Building.\nSince then, the City granted AFH five extensions with the fifth and final extension on\nAugust 31, 2024, to obtain all necessary funding for constructing the Mariposa Project. In\n2024, AFH applied for the State of California’s 4% Tax Credit and worked with County of\nLos Angeles to increase the County’s funding share. However, AFH did not receive the\n4% Tax Credit and decided to assign the Mariposa Project to another developer. AFH\ndiscussed the project with several developers and recommended the Cesar Chavez\nFoundation (CCF). CCF is a 50-year-old non-profit organization with eight affordable\nhousing projects (434 units) in the San Gabriel Valley region either in development or\nunder construction. CCF reviewed the Mariposa Project construction and development\ncosts. To make the project more competitive with 2025 State funding opportunities, CCF\nis proposing the Mariposa Project become a four-story building with approximately 40\nlarge family units and one level of subterranean parking. CCF will also seek additional\nfunding from the County of Los Angeles and San Gabriel Valley Regional Housing Trust.\nIf the City Council approves the proposed Assignment and Assumption of the DDA to CCF,\nthe City and CCF will prepare an amended and restated DDA to reflect the foregoing\nchanges to the Project, to be presented to the City Council in January 2025.\nRecommended Action: City Council approve an assignment to the Disposition and\nDevelopment Agreement (DDA) to the Cesar Chavez Foundation (CCF), subject to final\nlanguage approval by the City Attorney and City Manager, and direct staff to undertake\nthe steps necessary to finalize the Council’s action, including, but not limited to the\nexecution and recordation of all documents contemplated by the DDA. (M2M24-196)