Report to City Council and Housing Authority
Tuesday, January 24, 2017
Special Orders of the Day
SUBJECT:
Title
A JOINT PUBLIC HEARING TO CONSIDER ADOPTING CARSON HOUSING AUTHORITY RESOLUTION NO. 17-02-CHA AND CITY OF CARSON RESOLUTION NO. 17-007 APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE CARSON HOUSING AUTHORITY AND CARSON FIGUEROA AFFORDABLE HOUSING, LP, FOR 50 UNITS OF AFFORDABLE HOUSING FOR VETERANS AT 600 WEST CARSON STREET
Body
I. SUMMARY
On November 14, 2016, this hearing was opened and public testimony was taken. The hearing was continued to the November 28 and the December 6 meetings, and then re-noticed for January 24, 2017.
The joint public hearing is to consider approval of Carson Housing Authority Resolution No. 17-02-CHA (Exhibit No. 1) and City Council Resolution No. 17-007 approving a Disposition and Development Agreement (Agreement) by and between the Carson Housing Authority (Authority) and Carson Figueroa Affordable Housing, LP (Developer) (Exhibit No. 2). The Agreement is for development of 50 units of affordable housing with leasing preference for veterans and one (1) manager's unit at 600 West Carson Street and 21723 South Figueroa Street (Site) (Exhibit No. 3).
The Agreement describes the Authority's acquisition of parcels from the Carson Successor Agency and a private land owner and conveyance of said parcels to the Developer. In addition to conveyance of land, the Agreement also provides cash assistance in the form of a $5,500,000 grant to the Developer's non-profit partner. It further describes the reuse value of the parcels based on the affordability restrictions and the notes received by the Housing Authority from the Developer.
II. RECOMMENDATION
Recommendation
TAKE the following actions:
1. OPEN the joint Public Hearing, TAKE public testimony and CLOSE the joint Public Hearing.
2. WAIVE further reading and ADOPT RESOLUTION NO. 17-02-CHA, "A RESOLUTION OF THE CARSON HOUSING AUTHORITY MAK...
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