Resolution 2022-XX Page 1 of 2 RESOLUTION NO. 2022-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
FREMONT A PPROVING FIVE MILLION DOLLARS IN LOCAL
HOUSING TRUST FUND GRANT FUNDS TO FINANCE THE
DEVELOPMENT OF THE 3900 THORNTON AFFORDABLE
HOUSING PROJECT AND AUTHORIZING THE CITY MANAGER TO
EXECUTE AGREEMENTS WITH RESOURCE FOR COMMUNITY
DEVELOPMENT AND MAKING FINDINGS OF CEQA EXEMPTION
WHEREAS, in 2020 the California Department of Housing and Community Development (HCD) awarded $5 million in Local Housing Trust Fund (LHTF) Program grant funds to the City of Fremont for the development of affordable housing; and
WHEREAS, the use of LHTF Program funds requires a dollar -for-dollar match from local housing funds; and
WHEREAS, in order to be eligible to apply to the 2022 LHTF Grant Program, the City of Fremont must make a Legally-Binding Commitment to expend a minimum of 40% of the $5 Million LHTF Program grant and City matching funds; and
WHEREAS on November 2, 2021, the Council approved the 128-unit permanent supportive housing development proposed by Resource for Community Development at 3900 Thornton Avenue, Fremont, CA,; appropriated $7.6 million for acquisition and predevelopment in local affordable housing funds in the form of a 55-year loan at 3% simple interest,; and, authorized the City Manager to execute loan agreements and take other actions as required; and
WHEREAS, the 3900 Thornton permanent supportive housing project would provide 19 units at 20% of Area Median Income (AMI), 13 units at 30% AMI, 52 units at 50% AMI, 31 units at 60% AMI, 12 units at 80% AMI, and one manager’s unit; and WHEREAS, the 3900 Thornton development’s unit mix includes 40 studios, 44 one-bedroom units, 28 two-bedroom units and 16 three-bedroom units; and WHEREAS, this action is exempt from CEQA review because, without limitation, each as a separate and independent basis: (1) the 3900 Thornton proposed housing development has submitted an preliminary application pursuant to Senate Bill (SB) 35, and, based thereon, appears to qualify for streamlined ministerial approval, and therefore would be exempt from and not subject to CEQA review; (2) pursuant to CEQA Guidelines Section 15378 (fiscal activities that do not involve commitment to a specific project that will result in any significant physical impact on the environment); and/or (3) Section 15061(b)(2) (the funding decision has no possibility of significant effect on the environment).
Resolution 2022-XX Page 2 of 2
NOW, THEREFORE, BE IT RESOLVED BY THE THE CITY COUNCIL OF THE CITY OF FREMONT, CALIFORNIA, DOES RESOLVE AND ORDER AS FOLLOWS as follows:
SECTION 1. The City of Fremont agrees to match the LHTF award by 1.5 dollars for every dollar of LTHF Program grant funds and commits to use of $1.9 million LHTF Program grant funds for acquisition and predevelopment for RCD’s proposed 3900 Thornton affordable housing project matched with $5.7 million of City funds made up of $2 million in Low- and Moderate-Income Housing Funds (Fund 111) and $3.7 million in Affordable Housing Funds.; and,
SECTION 2. The City of Fremont agrees to match the LHTF award by 1.5 dollars for every dollar of the LHTF Program grant funds and commits to use $3.1 million LHTF Program grant funds for construction matched with $6,576,908 million in City Affordable Housing Funds. Once RCD demonstrates project readiness, staff will return to Council for the appropriation of funds to finance construction of the project.
SECTION 3. The City Council authorizes the City Manager to execute agreements with Resources for Community Development to effectuate this action.
SECTION 4. BE IT FURTHER RESOLVED that the The City Clerk shall certify the above is a true and correct copy of the Resolution resolution passed and approved by the City Council of the City of Fremont on _______________.
ADOPTED __________, 2022 by the City Council of the City of Fremont by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_________________________________
Mayor
ATTEST:
__________________________________
City Clerk
APPROVED AS TO FORM:
_________________________________
City Attorney
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