SUBJECT: Continued Public Hearing to Allow Interested Persons to be Heard Prior to the Submittal of an Application to the United States Department of Housing and Urban Development (HUD) for Financing Through the Section 108 Loan Guarantee Program for the Childs Court Apartments - Childs and B Street Transit Oriented Development (TOD) Affordable Housing Project and Adopting City Council Resolution 2020-49 Approving a Conditional Commitment of HUD 108 Loan Guarantee Funds and Authorizing the Loan Guarantee Application to HUD REPORT IN BRIEF Continued Public Hearing to allow interested persons to be heard prior to the submittal of an application to the United States Department of Housing and Urban Development (HUD) for financing through the Section 108 Loan Guarantee Program for the Childs Court Apartments - Childs and B Street Affordable Housing Transit Oriented Development (TOD) Project and Adopting City Council Resolution 2020-49 Approving a conditional commitment of HUD 108 Loan Guarantee Funds and Authorizing the Loan Guarantee Application. RECOMMENDATION City Council - Adopt a motion: A. Recommending that the City Council conduct the Public Hearing, receive any testimony given; and, B. Adopting Resolution 2020-49, a Resolution of the City Council of the City of Merced, California, approving a conditional commitment of HUD 108 Loan Guarantee Funds for the Childs and B Street Transit-Oriented Development Affordable Housing Project; and, C. Authorizing the Loan Guarantee Application.

Public Hearing Item Agenda Ready Introduced July 1, 2020

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: July 1, 2020
On agenda: July 20, 2020