...Title
Actions Related to the Agreement with the County of Santa Clara Office of Supportive Housing for a Homebuyer Down Payment Assistance Program.
...Recommendations
Adopt a resolution authorizing the Director of Housing, or his designee, to:
(a) Negotiate and execute an Agreement with the County of Santa Clara Office of Supportive Housing, in an amount not to exceed $9,000,000, using the CalHome (Building Equity and Growth in Neighborhoods) Program funds, to implement a Homebuyer Down Payment Assistance Program for San José low- to moderate-income households at the following developments:
(1) Up to $4,000,000 for East Santa Clara Townhomes developed by the Core Companies, or an affiliated entity, located at 675 East Santa Clara Street; and,
(2) Up to $5,000,000 for Branham Lane Homes developed by Charities Housing, or an affiliated entity, located at the Branham VTA Station.
(b) Negotiate and execute any and all agreements, including amendments and related documents, in connection with the Homebuyer Down Payment Assistance Program.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment; and the projects are Exempt per Public Resources Code Section 21080(b)(1) and CEQA Guidelines Section 15369, Ministerial Project pursuant to Government Code Section 65913.4, File No. ER20-109. (Housing)