Measure K: Adopt a resolution: A) Approving commitments of Affordable Housing Fund (AHF) 12.0 funds to the construction of the non-Moving To Work affordable housing projects listed in Attachment A to the Resolution in the total amount of up to $24,024,486 consisting of $19,000,000 in Measure K Fiscal Year 2024-25 funds approved by the Board of Supervisors for affordable housing purposes; $1,391,667 in Measure K funds allocated in previous AHF rounds that were returned to the Department of Housing; $466,622 in Permanent Local Housing Allocation funds (subject to state approval of the County Housing Element); $300,000 in County Impact Fees (for unincorporated San Mateo County only); up to $1,000,000 in federal HOME Investment Partnerships Program funds; $864,000 in Measure K funds provided by the Children and Family Services Division of the San Mateo County Human Services Agency for units targeting youth transitioning from foster care; and $1,002,197 in Program Year (PY) 2023 and PY 2024 Community Development Block Grant funds; including all conditions attached to such funding recommendations; and B) Authorizing the Director of the Department of Housing, or designee, in consultation with the County Attorney, to (1) negotiate and execute contracts and other documents necessary to provide funding to the non-Moving To Work affordable housing projects listed in Attachment A to this Resolution; and (2) implement a supplemental NOFA process to award funds recovered from termination of AHF awards to eligible projects seeking to be competitive in the first round of housing tax credit awards in 2025.

Resolution Passed Introduced April 16, 2024

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