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.

What this record is

Held by

CC915 Merced, Inc 4 records across this site

Runs until

no end date published in this record

Type

contract

Read automatically from the title of the official record. The source document below is authoritative.

CC915 Merced, Inc also holds

SUBJECT: Authorization to Submit a Joint Application with CC915 Merced to the Central Valley Opportunity Fund for a $150,000 Matching Grant and Author… $150K Merced, CA 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 SUBJECT: Public Hearing to Consider a Resolution Approving the Sale of the Housing Successor Agency Property at 73 S. R Street; Accepting the Summary … 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