SUBJECT: Authorizing a Letter of Conditional Commitment Reservation of up to $1,756,934 of the City’s U.S. Department of Housing and Urban Development (HUD) Home Investment Partnership Program (HOME) Funding to Linc Housing Towards Construction of an Affordable Rental Housing Project REPORT IN BRIEF Considers authorizing a conditional commitment reservation letter to be signed by the City Manager and issued to Linc Housing, developer of the future “I Street, Merced” Apartments, a 54-unit affordable housing project to be located over five combined parcels (pending lot merger) for up to $1,756,934 of the City’s 2021, 2022, and 2023 allocations of HUD HOME funds. RECOMMENDATION City Council - Adopt a motion: A. Authorizing a Conditional Commitment Reservation letter to be provided to developer Linc Housing, for the pending 54-unit affordable housing project, for up to $1,756,934 of the City’s HUD HOME funding; and, B. Authorizing the City Manager to execute and issue the subject conditional commitment reservation letter, including any revised letter due to any necessary and minor changes to the reservation amount or other administrative reasons, and all related documents.

Committee

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

Requested by

Development Services Department

Introduced

March 25, 2026

On agenda

April 6, 2026

Passed

April 6, 2026

Where it was heard

City Council/Public Finance and Economic Development Authority/Parking Authority Apr 6, 2026 approved Pass

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