...Title
Agreement with the Santa Clara County Housing Authority to Receive Monthly Payments for the Arena Hotel. - TO BE HEARD CONCURRENTLY WITH SJHA ITEM 1 AND AFTER ITEM 10.1(a)
...Recommendations
Adopt a resolution authorizing the Housing Director, or their designee, to:
(a) Negotiate and execute an agreement with the Santa Clara County Housing Authority to provide funding for up to 89 interim housing units and supportive services for project-based Section 8 voucher holders residing at the Arena Hotel, effective May 1, 2026 to June 30, 2027, with a maximum amount of $2,314,000; and
(b) Include two extension options that are equivalent to three years of funding, for a total not‑to‑exceed amount of $6,408,000:
(1) Full one‑year extension from July 1, 2027, through June 30, 2028, and
(2) Eleven-month extension from July 1, 2028, through May 31, 2029.
CEQA: Statutorily Exempt, Public Health and Safety Code Section 50675.1.4, Homekey Round 2 Program - Arena Hotel, File No. ER21-159. Council District 6. (Housing)