Report to Housing Authority
Tuesday, June 21, 2016
Discussion
SUBJECT:
Title
CONSIDER ENTERING INTO AN EXCLUSIVE NEGOTIATING AGREEMENT WITH META HOUSING CORPORATION FOR DEVELOPMENT OF AFFORDABLE HOUSING FOR WORKING ARTISTS AT A PRIVATELY OWNED PROPERTY LOCATED AT 21205 MAIN STREET (HOUSING AUTHORITY)
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I. SUMMARY
Meta Housing Corporation (Developer) wishes to enter into an exclusive negotiating agreement (ENA) with the Carson Housing Authority (Authority) to develop an affordable housing for working artists on 1.8 acres of privately owned property located at 21205 Main Street (Property) (Exhibit No. 1).
The Authority would provide financial assistance to the Developer for development of the project pursuant to the terms of an Affordable Housing Agreement (AHA) to be negotiated during the ENA period.
II. RECOMMENDATION
Recommendation
TAKE the following actions:
1. APPROVE the Exclusive Negotiating Agreement between the Carson Housing Authority and Meta Housing, Inc.
2. AUTHORIZE the Chairman to execute the Exclusive Negotiating Agreement, which shall be in substantially the same form as attached hereto, following approval as to form by Authority Counsel.
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III. ALTERNATIVES
TAKE another action the Authority Board deems appropriate.
IV. BACKGROUND
The Developer proposes to construct a 46-unit multi-family affordable housing development on the Property. The units would be leased to qualifying households, with a leasing preference towards working artists. The Developer proposes the build a quality product that would incorporate artist workspace and galleries. As part of the art component for the proposed Project the Developer would ensure that art-related programs such as art shows, classes, and workshops are available to residents. The Developer has demonstrated its experience and good quality of work, having completed more than 60 affordable housing projects including four successful artist-housing communities in southern Californi...
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