25-639
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.
- 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 AuthorityWatch Merced
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