SUBJECT: Report - Housing Successor Expenditure Report and Property Disposition Options for Nine Properties Owned by the Housing Successor Agency (HSA), Approximate Balance of the LMI Housing Account, Dedicating $1.2 Million for Childs Court Apartments and the Submission of the Fiscal Year 2017/18 SB 341 Report to the California Department of Housing and Community Development (HCD) REPORT IN BRIEF Presentation from RSG, Inc. on recommended options to spend Low and Moderate Income (LMI) Housing Asset Funds and dispose of vacant properties held by the City of Merced as Housing Successor to the former Merced Redevelopment Agency based on available assets and activities to date. RECOMMENDATION City Council - Adopt a motion providing Housing Staff and RSG with input and direction on Housing Successor Expenditure and Disposition Options and receiving and submitting the Housing Successor Annual Report for Fiscal Year 2017-18 to the California Department of Housing and Community Development.

Report Item Passed Introduced January 15, 2019

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Requested by: Housing Department
Introduced: January 15, 2019
On agenda: April 1, 2019
Passed: April 1, 2019