STATE OF CALIFORNIA - BUSINESS, CONSUMER SERVICES AND HOUSING AGENCY GAVIN NEWSOM, Governor
November 17, 2022
Paul S. Park, Secretary
Cesar Chavez Foundation
29700 Woodford Tehachapi Road
Keene, CA 93531
Vinny Tam, Senior Planner
City of Pomona
505 South Garey Avenue
Pomona, CA 91766
Dear Paul S. Park and Vinny Tam:
RE: Award Announcement – California Housing Accelerator Project Solicitation, Tier 2
Cesar Chavez Foundation and City of Pomona —
East End Village
Contract No. 22-ACC-17497
On August 30, 2022, the Department issued a conditional award letter of $46,386,823 California Housing Accelerator Program funds to Cesar Chavez foundation and the City of Pomona for the project named above.
This letter confirms submittal of a revised Accelerator application, showing the public entity as a Co-Applicant and the Co-Applicant providing an adopted Resolution, approving the application and the Accelerator award amount of funds is up to $46,386,823; and replaces the conditional award letter dated August 30, 2022
As stated in the February 28, 2022, and as amended May 5, 2022 and August 31, 2022, Project Solicitation and Guidelines, construction of the project, meaning the first land- disturbing activity associated with a project, including land preparation such as clearing, grading, and filling, or the first alteration of any wall, ceiling, floor, or other structural part of a building, whether or not that alteration affects the external dimensions of the building, must commence within 180 days from the conditional award letter as noted above. If the project is unable to commence construction by this date, funds may be disencumbered and the sponsor will forfeit its application fee. Additionally, the project must complete permanent loan conversion no later than November 30, 2026.
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
DIVISION OF STATE FINANCIAL ASSISTANCE
2020 W. El Camino Avenue, Suite 670, 95833
P.O. Box 952054
Sacramento, CA 94252-2054
(916) 263-2771
accelerator.hcd.ca.gov
Attachment No. 2
Cesar Chavez Foundation and City of Pomona – East End Village Contract No. 22-ACC-17497
November 17, 2022
The Department intends to issue a Standard Agreement within 90 days of receipt of any outstanding documentation required to execute this contract. A program representative will be in communication with you within two weeks to confirm any additional documents needed to prepare the Standard Agreement.
If a Standard Agreement is needed prior to 90 days to facilitate a planned construction closing date, please notify program staff immediately. Please note that the Department reserves the right to reduce the loan amount prior to issuance of the Standard Agreement, should the Department determine there is a supplantation of previously approved public funds or the project is over-subsidized.
Congratulations on your successful application. We are excited to work with you on this new and innovative funding program. For further information, please contact Doniell Cummings, Accelerator Program Manager, Program Design and Implementation Branch, (916) 695-9006 or [email protected].
Sincerely,
Jennifer Seeger
Deputy Director
Division of State Financial Assistance