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Title:
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A Resolution of the City Council of the City of Riverside, California, authorizing the submission of a joint application to the Department of Housing and Community Development for Homekey Plus funding of $35,000,000 for the Riverside Housing Development Motel Conversion into affordable housing project of 114 rooms into studio units and authorizing the execution of all required documents by the City Manager or his Designee and related participation - Waive further reading - Memorandum of Understanding with Riverside Housing Development Corporation for soft funding commitments of $6,750,000 of HHAP Round 3 and 4 for Homeless Housing, Assistance and Prevention Program Round 3 and 4 grant funds, $1,234,890.09 of Community Development Block Grant funds, and $1,000,000 of HOME Investment Partnerships Program grant funds to carry out project - Supplemental appropriation - Five affirmative votes required - 1590 University Avenue (Housing and Human Services) (Ward 2) (10-minute presentation)
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