SUBJECT: Authorization to Submit a Joint Application with CC915 Merced to the Central Valley Opportunity Fund for a $150,000 Matching Grant and Authorization to Accept, Execute, and Appropriate that Grant, If Awarded, to the 73 South R Street Affordable Veterans Container Home Project REPORT IN BRIEF Considers authorizing the joint application with CC915 Merced and grant agreement to the Central Valley Opportunity Fund (CVOF) for a $150,000 matching grant. Authority to accept, execute, and appropriate that grant, if awarded, to the 73 South R Street affordable veterans container home project. RECOMMENDATION City Council - Adopt a motion: A. Approving the submission of a joint application with CC915 Merced to the CVOF for a matching grant of $150,000 towards a 100% affordable housing project at 73 South R Street; and, If awarded, B. Authorizing to accept, increase revenue, and appropriate grant funds up to $150,000 in Fund 2016-Homekey CC915 for the 73 South R Street affordable housing project; and, C. Approving the use of pooled cash until reimbursement from the grant is received if awarded; and, D. Authorizing the City Manager to execute necessary agreements upon City Attorney’s Approval As To Form.

What this record is

Held by

CC915 Merced 4 records across this site

Amount

$150K

Runs until

no end date published in this record

Type

award

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

CC915 Merced 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 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 … 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

June 26, 2025

On agenda

July 21, 2025

Passed

July 21, 2025

Where it was heard

City Council/Public Finance and Economic Development Authority/Parking Authority Jul 21, 2025 approved Pass