REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
June 11, 2024
FROM
CARRIE HARMON, Director, Community Development and Housing Department
SUBJECT
Title
Resolution to Commit Funding and Support for the Application for Low-Income Housing Tax Credits to the California Tax Credit Allocation Committee for the Development of the U.S. VETS - E Street Affordable Housing Development Project
End
RECOMMENDATION(S)
Recommendation
Adopt Resolution committing Housing Development Grant funding, in an amount not to exceed $5,000,000, and support of an application for Low-Income Housing Tax Credits to the California Tax Credit Allocation Committee for the construction of the U.S. VETS - E Street Affordable Housing Development Project, a multifamily affordable housing apartment community to be located in the City of San Bernardino.
(Presenter: Carrie Harmon, Director, 382-3983)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Promote the Countywide Vision.
Create, Maintain and Grow Jobs and Economic Value in the County.
Ensure Development of a Well-Planned, Balanced, and Sustainable County.
Provide for the Safety, Health and Social Service Needs of County Residents.
Pursue County Goals and Objectives by Working with Other Agencies and Stakeholders.
FINANCIAL IMPACT
Approval of this item will not result in the use of additional Discretionary General Funding (Net County Cost). The proposed Resolution commits up to $5,000,000 from the San Bernardino County Housing Development Grant Fund (HDGF) to assist U.S. VETS Housing Corporation (Grantee) for the development of the U.S. VETS - E Street Affordable Housing Development Project (Project). Budget adjustments are not requested at this time but will be included in a future item if an agreement is presented to the Board of Supervisors (Board).
BACKGROUND INFORMATION
On March 28, 2023 (Item No. 21), the Board approved the County Homeless Initia...
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