SUBJECT: Authorization to Accept and Appropriate the Homekey+ Conditional Grant Award of $28,257,013 for the Mercy Village Project in Partnership with UPholdings and Self-Help Enterprises REPORT IN BRIEF Considers authorizing the acceptance, and appropriation of the $28,257,013 Homekey+ conditional grant award for the Mercy Village project located at 3015 Park Avenue with partners UPholdings and Self-Help Enterprises. RECOMMENDATION City Council - Adopt a motion: A. Accepting the Homekey+ Conditional Grant Award in the amount of $28,257,013; and, B. Appropriating an increase to revenue in the amount of $28,257,013 in Fund 2017-Homekey Fund and appropriating the same for this affordable housing project; and, C. Authorizing the use of pooled cash until reimbursement from the grant is reimbursed; and, D. Authorizing the Finance Officer to make any necessary budget adjustments; and E. Authorizing the City Manager or Deputy City Manager to execute any necessary agreements, to accept the award with HCD’s stipulations, upon City Attorney’s approval as to form.

Action Items Agenda Ready Introduced December 31, 2025

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Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Requested by: Development Services Department
Introduced: December 31, 2025
On agenda: January 20, 2026
Passed: January 20, 2026