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1 RiversideCA.gov
City Council
January 25, 2022
State Pass-Through Grant and
Rehabilitation Agreement for Project
Legacy
Office of Homeless Solutions
RiversideCA.gov
2 • September 2020, TruEvolution began working with
County of Riverside
• 49 bed transitional housing program
• Six contagious parcels located at 3839, 3853, 3865,
3879 Brockton Avenue, 4145 9th Street, and 4132
University Avenue
PROJECT LEGACY
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3 • Budget Act of 2021 allocated $10 million grant to
City of Riverside for Project Legacy
• Rushed Standard Agreement
– Resolution required
• Rushed Standard Agreement
• Rehabilitation Agreement
– 55-year affordability covenant
– Income restriction: at or below 30% of area median
income
STATE PASS-THROUGH GRANT
RiversideCA.gov
4 PROJECT SOURCES
SOURCE OF FUNDS AMOUNT
State of California Homekey $ 4,052,457.00
Riverside County CARES Act $ 1,900,000.00
State of California Pass‐Through Grant to City of
Riverside
$10,000,000.00
Homeless Housing, Assistance and Prevention (HHAP) $ 634,498.16 Housing Opportunity for Persons with AIDS (HOPWA) $ 1,000,000.00 Deferred Developer Fee $ 778,000.00
American Rescue Plan Act $ 3,613,978.00
Total Sources of Funds $ 21,978,933.16
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5 STRATEGIC PLAN ALIGNMENT
Envision Riverside 2025 Strategic Plan Priorities
Cross-Cutting Threads
#2 Community Well-Being,
Goal No. 2.2
Community Trust
Equity
Fiscal Responsibility
Innovation
Sustainability &
Resiliency
RiversideCA.gov
6 That the City Council:
1. Approve a Resolution authorizing the City of Riverside to accept a $10,000,000 pass-through grant from the State of California to fund the Young Scholars for Academic Empowerment dba TruEvolution, Inc. Project Legacy, a 49 bed transitional housing project located at 3839, 3853, 3865, 3879 Brockton Avenue, 4145 9th Street, a nd 4132 University Avenue and authorize the City Manager, or designee, to execute an applicable standard agreement and other grant related documents required to secure the grant funds;
RECOMMENDATIONS
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4 RiversideCA.gov
7 2. Approve a Rehabilitation Agreement with Young Scholars for Academic Empowerment, dba TruEvolution, Inc. to award $10,000,000 of State pass- through grant funds to complete the Project Legacy transitional housing project;
3. Authorize the City Manager, or his designee, to execute a Rehabilitation Agreement with Young Scholars for Academic Empowerment dba TruEvolution, Inc., including making minor and non-substantive changes; and
4. With at least five affirmative votes, authorize an increase in revenues and appropriate expenditures in an amou nt equal to $10,000,000 in the Development Grants Fund.
RECOMMENDATIONS
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