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Report regarding a resolution affirming the City's support for Bridge Housing Corporation's application to the Affordable Housing Sustainable Communities (AHSC) Grant program, authorizing the City Manager to execute an AHSC Implementation and Cooperation Agreement with Bridge Housing Corporation, and approving Budget Amendment Number 23.057 appropriating $250,000 to acquire an EV sub-compact sweeper. (Nell Selander, Economic & Community Development Director)
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RECOMMENDATION
Recommendation
Staff recommends that the City Council adopt a resolution:
1) Affirming the City's support for BRIDGE Housing Corporation's (BRIDGE) application to the Affordable Housing Sustainable Communities (AHSC) Grant program for the 1051 Mission Affordable (PUC Project) project requesting up to $50 million of AHSC funds for affordable housing development and transportation infrastructure improvements;
2) Authorizing the City Manager to execute an AHSC Implementation and Cooperation Agreement with BRIDGE as required for reimbursement for the City's Sustainable Transit Infrastructure (STI) and Transit-Related Amenities (TRA) projects; and
3) Approving Budget Amendment 23.057 appropriating $250,000 for the acquisition of an EV sub-compact sweeper to service protected bikeways, parking lots, parking garages, plazas, Centennial Trail, and Bay Trail.
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BACKGROUND/DISCUSSION
The 158 affordable units being developed by BRIDGE as part of the PUC Project are known for the Affordable Housing Sustainable Communities (AHSC) grant application as 1051 Mission Affordable. BRIDGE anticipates beginning construction in mid-2024 after completing their construction financing. Key to assembling the funds to build this much-needed affordable housing is securing two major State of California Housing and Community Development Department (HCD) grants: the Infill Infrastructure Grant (IIG) and AHSC. The project was awarded $28.8 million in IIG funds in February 2023 and the AHSC applicat...
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