Homekey+ Partnership Opportunity
with County of Ventura
August 13, 2025
HOMEKEY+
• Proposition 1 (passed by voters in March 2024)
• Treatment beds and permanent supportive housing
• Supports the development and limited operations of Permanent Supportive Housing Homekey+ Target Population:
• Homeless, chronically homeless, or at risk of homelessness • Extremely low income
• Living with a mental health condition, including substance abuse 3 PROJECT OVERVIEW
Lewis Road Location
• Board of Supervisors approved project,
Homekey+ Application, and CEQA exemption on
April 8, 2025
• 88 Permanent Supportive Housing Units
(modular/efficiency design)
• Many Mansions to be long term operator,
property manager, and service provider
• Dignity Moves to be Developer
• 18-24 month build timeline, if awarded
4 SITE PLAN AND UNIT CONFIGURATION
DUPLEX EFFICIENCY UNIT
200 sq. ft. per unit
5 INTERIOR PHOTOS OF SIMILAR PROJECTS
Exterior Renderings
6 LifeArk Exterior renderings and outdoor gathering areas
THE
OPPORTUNITY
7 County Partnership Proposal
Ø County as recipient
of $27.9M grant
Ø Requested $2M City
Investment in
matching funds
Ø 10 units for Camarillo
Ø 55-year partnership
COUNTY HOMEKEY+ FUNDING REQUEST
8 • Homekey+ Funding Request:
Ø Total $27,970,000
Ø Capital: $22,970,000
Ø Operations: $5,000,000
• Proposed $10M Required Match:
Ø Capital: $5,000,000
Ø $2,500,000 - Gold Coast Health Plan
Ø $2,000,000 - City of Camarillo (proposed)
Ø $500,000 – other County sources
Ø Operations: $5,000,000
Ø $2,000,000 – Behavioral Health Services Act
Ø $3,000,000 – other County sources
MOU TERMS
Ø 55-year term
Ø City contributes $2M in capital match funding
Ø County dedicates 10 units for Camarillo
Ø County covers all operational costs
Ø Referrals made through Coordinated Entry System
Ø Project HOPE provides City verification
Ø Irrevocable City commitment
Ø Irrevocable County commitment
Ø Full Return of City Funds if project is not constructed Ø County indemnification of City with standard exceptions for City negligence Ø Structured dispute resolution through mediation
PARTNERSHIP TRADE-OFFS
City controls referrals
10 dedicated units to
address local
homelessness
No obligation towards
ongoing operating
costs; limited
administrative staff
time
Standard grant
requirements
County-led operations
Limited City oversight
FISCAL IMPACT
11 • $2,000,000 represents a one-time capital investment • Annual cost of approximately $3,636 per unit over the project term • No ongoing operational funding is required from the City • If approved, funds would be appropriated from the Continuum of Care Commitment ($3.8M) in the General Fund set aside for homelessness and housing purposes
HOUSING PROJECTS: GENERAL FUND IMPACT
Project Primary Funding
Source
Grant Funding
Amount
Projected General
Fund Impact
(Capital Costs)
Projected General
Fund Impact
(Operational
Costs
Number of
Housing Units
Created
Arneill Permanent
Supportive Housing
Encampment
Resolution Fund
Grant
$7,305,292 $246,379
(Operations for
Five Years)
9 Barry Street Interim
Housing
Community
Development Block
Grant (CDBG)
$610,357 $129,981
(Operations for
Five Years)
6 Homekey+ County
Lewis Road Project
(Proposed)
Homekey+ Grant
$27.9M (Requested
by County)
$2,000,000 (One
time Capital Match)
10 Totals $7,915,649 $2,000,000 $376,360 25
RECOMMENDATION
13 1. Approve the Memorandum of Understanding (MOU) with the County of Ventura to provide the City’s one-time $2,000,000 capital contribution to the Homekey+ Permanent Supportive Housing Project at 1732 Lewis Road;
2. Authorize the City Manager to execute the MOU and related Enforceable Funding Commitment Letter; and
3. Authorize an appropriation of $2,000,000 in the General Fund, Account No. 101-4340-446.32-01.