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Title:
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Fiscal Year 2024-2025 United States Department of Housing and Urban Development Annual Action Plan Amendment to allocate $965,617.75 in Community Development Block Grant unprogrammed funds for acquisition and rehabilitation of Quality Inn Motel located at 1590 University Avenue coveting 30 affordable housing units - Homekey+ Program Notice of Funding Availability Acceptance of Terms and Conditions of Conditional Award with California Department of Housing and Community Development and Riverside Housing Development Corporation for up to $20,137,410 of Homekey+ grant funds - Loan Agreements with Riverside Housing Development Corporation with $965,617.75 from Community Development Block Grant, $1,000,000 from HOME Investment Partnerships Program, and $7,569,272.25 from Homeless Housing, Assistance and Prevention Round 3 and 4 for University Terrace Homes project - 1590 University Avenue (Housing and Human Services) (Ward 2) (15-minute presentation)
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