REPORT/RECOMMENDATION TO THE BOARD OF GOVERNORS
OF THE HOUSING AUTHORITY OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
December 10, 2019
FROM
MARIA RAZO, Executive Director, Housing Authority of the County of San Bernardino
SUBJECT
Title
Commitment of Nine Project-Based Vouchers to Support the Las Terrazas Affordable Housing Development in the City of Colton
End
RECOMMENDATION(S)
Recommendation
1. Approve the commitment of nine Project-Based Vouchers to AMCAL Las Terrazas Fund, L.P., a limited partnership developing the Las Terrazas affordable housing development, for a term of 20 years, subject to federal government appropriations.
2. Authorize the Chairman of the Board of Governors or Executive Director of the Housing Authority of the County of San Bernardino, upon consultation with Legal Counsel, to accept and sign ancillary documents or exhibits necessary or appropriate to carry out the commitment and to satisfy program rules and regulations pursuant to federal requirements.
3. Direct the Executive Director of the Housing Authority of the County of San Bernardino to transmit all documents to the Secretary within 30 days of execution.
(Presenter: Maria Razo, Executive Director, 332-6305)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
Ensure Development of a Well-Planned, Balanced, and Sustainable County.
FINANCIAL IMPACT
Approval of this item will not result in the use of Discretionary General Funding (Net County Cost). Funding for Project-Based Vouchers (PBVs) is derived from the Housing Authority of the County of San Bernardino's (HACSB) regular annual allocation of subsidies under the Housing Choice Voucher Program administered by HACSB on behalf of the United States Department of Housing and Urban Development (HUD).
BACKGROUND INFORMATION
Approval of this item commits rental subsidies for nine PBVs for a 20 year term to support the development of...
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