SUBJECT: Approval of Density Bonus #21-01 Initiated by UP Holdings, LLC, to Allow an Increase in Density and Concessions to Development Standards to Allow the Construction of a 66-unit Apartment Complex Including 65 Affordable Permanent Supportive Housing Units, a Manager’s Unit, and a Community/Office Area Within a Three-Story Building on a 1.54-Acre Parcel, Generally Located on the West Side of Park Avenue, Between Olive Avenue and Alexander Avenue and the Approval of a Regulatory Agreement with Mercy Village L.P. (Future Property Owner) to Memorialize the Affordability and Density Bonus REPORT IN BRIEF Considers the approval of a Regulatory Agreement with Mercy Village L.P. granting a Density Bonus and certain concessions to development standards to allow the construction of 66-unit apartment complex consisting of 65 affordable permanent supportive housing units, a manager’s unit, and a community/office area within a three-story building at 3015 Park Avenue. RECOMMENDATION City Council - Adopt a motion: A. Finding that the adoption of the Regulatory Agreement is exempt from review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3); and B. Approving the Affordable Housing Regulatory Agreement with Mercy Village L.P., for the property located at 3015 Park Avenue to construct a 66-unit apartment complex consisting of 65 permanent supportive housing units and 1 manager’s unit; and, C. Authorizing the City Manager or Deputy City Manager to execute the agreement.

Consent Item Passed Introduced December 8, 2021

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Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: December 8, 2021
On agenda: January 3, 2022
Passed: January 3, 2022