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File #: 21-00822    Version: 1
Type: Administrative Item Status: Agenda Ready
File created: 9/2/2021 In control: BOARD OF SUPERVISORS
On agenda: 9/14/2021 Final action: 9/14/2021
Title: Consider recommendations regarding a Funding Reservation for 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 (a) be in an amount not to exceed $895,941.00; (b) consist of HOME and/or In-Lieu funds; and (c) be released if Cabrillo Economic Development Corporation does not receive notification of an award of low-income housing tax credits (LIHTC) and/or State Multifamily Housing Program (MHP) funds to complete the financing for the Project by September 14, 2022; b) Authorize the Director of the 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 Quali...
Sponsors: COMMUNITY SERVICES DEPARTMENT
Attachments: 1. Board Letter, 2. Attachment A - County Reservation Letter, 3. Minute Order

Title

Consider recommendations regarding a Funding Reservation for 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 (a) be in an amount not to exceed $895,941.00; (b) consist of HOME and/or In-Lieu funds; and (c) be released if Cabrillo Economic Development Corporation does not receive notification of an award of low-income housing tax credits (LIHTC) and/or State Multifamily Housing Program (MHP) funds to complete the financing for the Project by September 14, 2022;

 

b) Authorize the Director of the 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 actions are not a project as they are the creation of government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project which may result in a potentially significant impact on the environment.