REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
June 22, 2021
FROM
GARY HALLEN, Director, Community Development and Housing
SUBJECT
Title
HOME Investment Partnership Program Funds Resolution with Rialto Metrolink South Housing Partners, L.P. a California Limited Partnership for the Rialto Metrolink South Affordable Housing Development in the City of Rialto
End
RECOMMENDATION(S)
Recommendation
Adopt a Resolution committing up to $2,250,000 of HOME Investment Partnership Program funds with Rialto Metrolink South Housing Partners, L.P. to develop the Rialto Metrolink South project, a 55-unit affordable housing apartment project located in the City of Rialto.
(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 Discretionary General Funding (Net County Cost). This action would commit up to $2,250,000 of County HOME Investment Partnership Program (HOME) funds. The total cost for the 55-unit Rialto Metrolink South Affordable Housing Development (Project) is $28,026,078, of which the County of San Bernardino's action would commit up to $2,250,000 in County HOME funds, and the remaining cost would be funded with non-County funds. Sufficient appropriation and revenue for the maximum amount of $2,250,000 of County housing HOME funds are available in the Community Development and Housing (CDH) 2020-21 budget and have been included in the 2021-22 budget.
BACKGROUND INFORMATION
The proposed Project is located on the north side of Bonnie View Avenue, adjacent to the Rialto Metrolink Station, in the City of Rialto. The Development partn...
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