REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
February 11, 2020
FROM
GARY HALLEN, Director, Community Development and Housing
SUBJECT
Title v
Approve First Amendment to Grant Agreement with HPI Bloomington III, LLC and HOME Investment Partnerships Act Loan Agreement with Bloomington III Housing Partners, L.P., a California Limited Partnership, for the Bloomington Housing Phase III Project
End
RECOMMENDATION(S)
Recommendation
1. Approve First Amendment to Grant Agreement No. 19-405 with HPI Bloomington III, LLC to make consistent language within the agreement for the Bloomington Housing Phase III project.
2. Approve HOME Investment Partnerships Act Loan Agreement not to exceed $3,500,000 with Bloomington III Housing Partners, L.P., a California limited partnership, to construct 98 affordable housing units.
3. Authorize the Chairman of the Board of Supervisors or the County Chief Executive Officer, upon consultation with County Counsel, to make any necessary non-substantive modifications and approve and execute all ancillary documents required for the project's financing and construction.
4. Direct the Community Development and Housing Department Director to transmit all documents to the Clerk of the Board within 30 days of execution.
(Presenter: Gary Hallen, Director, 387-4411)
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.
FINANCIAL IMPACT
Approval of this item will not result in the use of any Discretionary General Funding (Net County Cost). This action would commit a $3,500,000 loan of HOME Investment Partnership Program (HOME) funds to construct a 98-unit affordable housing development and community center. Sufficient appr...
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