Title:
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Consider recommendations regarding a Funding Reservation to the Buellton Senior Village Apartments affordable housing project (Project) in Buellton, Third District, as follows:
a) Approve a reservation of County funds for the Buellton Village Senior Apartments Project that will (i) be in an amount not to exceed $895,941.00; (ii) consist of HOME and/or In-Lieu funds; and (iii) be released if Cabrillo Economic Development Corporation does not receive notification of an award of low-income housing tax credits (LIHTC) for the Project by March 17, 2021;
b) Authorize the Director of Community Services Department (CSD) to sign a letter to the Buellton Village Senior Apartments project applicant indicating the approved reservation; and
c) Determine that the approval of the reservation of funding is not the approval of a project that is subject to environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines section 15378(b)(4), finding that the acti...
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