SUBJECT: Approval of Funds of $200,000 from Fund 2513 - Low Moderate-Income Housing to Complete the 73 South R Street - CC915 Merced, Inc. Affordable Container Home Project REPORT IN BRIEF Considers approving funds of $200,000 from Fund 2513 - Low Moderate-Income Housing to complete the 73 South R Street - CC915 Merced, Inc. affordable container home project. RECOMMENDATION City Council - Adopt a motion: A. Approving funds of $200,000 from Fund 2513-Low Moderate-Income Housing, to CC915 Merced, Inc. towards a 100% affordable housing project at 73 South R Street and issuing them a letter of commitment; and, B. Authorizing the drafting of funding contribution agreements and covenants for Council approval at a later meeting.

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contract

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CC915 Merced, Inc also holds

SUBJECT: Adoption of a Resolution Authorizing the Recently Approved Housing Successor Agency Grant of $200,000 to CC915 Merced, Inc., Appropriating th… $200K Merced, CA

Committee

City Council/Public Finance and Economic Development Authority/Parking Authority

Requested by

Development Services Department

Introduced

January 27, 2025

On agenda

February 18, 2025

Passed

February 18, 2025

Where it was heard

City Council/Public Finance and Economic Development Authority/Parking Authority Feb 18, 2025 approved Pass

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