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1 RiversideCA.gov
1 RiversideCA.gov
MULBERRY VILLAGE PROJECT
NEIGHBORHOOD STABILIZATION PROGRAM
DEVELOPMENT AGREEMENT
City Council
February 21, 2023
Office of Homeless Solutions
RiversideCA.gov
2 • Site: 2825-2841 Mulberry Street
• 10 small cottage-style homes to serve
chronically homeless individuals
• A partnership with the Housing
Authority of the City of Riverside,
Habitat for Humanity Riverside, and
Riverside Housing Development
Corporation
MULLBERRY VILLAGE
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2 RiversideCA.gov
3 1. June 18, 2019: Entered into a Development Agreement with Habitat for Humanity for the use of $884,250 in HOME Investment Partnerships (HOME) Program CHDO funds.
2. January 14, 2020: City Council approved a (1) General Plan Amendment to change the land use designation of the project site from MDR-Medium Density Residential to HDR – High Density Residential; (2) Zoning Code Map Amendment to change the zone from R- 17000 – Single Family Residential Zone to R-3-3000 – Multiple Family Residential; and (3) Design Review of project plans, as recommended by the City Planning Commission.
3. July 15, 2022: City received a funding request from Habitat for Humanity in the amount of $1,271,149 to cover unexpected project-related costs.
4. November 15, 2022: Entered into a First Amendment to the Development Agreement for an allocation of $833,031.28 in HOME CHDO grant funds.
BACKGROUND
RiversideCA.gov
4 • Funding gap: $438,117.72
• Recommended funding source: Neighborhood Stabilization Program grant funds Uses of Funds
Activity Original Project
Budget
Revised Project
Budget
Land acquisition and closing costs $ 0$ 0 Construction $511,069 $1,340,920
Professional fees/soft costs $178,096 $ 571,220
Permit fees $ 54,200 $ 54,200
Contingency $ 40,885 $ 89,059
Developer fee $100,000 $ 100,000
Total Development Cost $884,250 $2,155,399
• Total City sources: $2,155,399
• Project completion date: March of 2023
FUNDING REQUEST
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5 Strategic Priority 2 – Community Well-Being
Cross-Cutting Threads
Community Trust
Equity
Fiscal Responsibility
Innovation
Sustainability &
Resiliency
STRATEGIC PLAN ALIGNMENT
RiversideCA.gov
6 That the City Council:
1. Approve a Development Agreement for the Mulberry Village Development Project with the City of Riverside, Habitat for Humanity Riverside, Inc. and the Housing Authority of the City of Riverside for an allocation of $438,117.72 in Neighborhood Stabilization Program grant funds for the development of ten small cottage-style homes on Housing-Authority-owned property located at 2825-2841 Mulberry Street;
2. With at least five affirmative votes, authorize an increase in revenue and appropriation expenditures in the am ount of $438,117.72 in the Neighborhood Stabilization Program Funds;
3. Authorize the City Manager, or designee, to execute the Development Agreement for the Mulberry Village Development Pro ject, including making minor and non- substantive changes; and
RECOMMENDATIONS
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4 RiversideCA.gov
7 That the Housing Authority:
1. Approve a Development Agreement for the Mulberry Village Development Project with the City of Riverside, Habitat for Humanity Riverside, Inc. and the Housing Authority of the City of Riverside for an allocation of $438,117.72 in Neighborhood Stabilization Program grant funds for the development of ten small cottage-style homes on Housing-Authority-owned property located at 2825-2841 Mulberry Street; and
2. Authorize the Executive Director, or designee, to execute the Development Agreement for the Mulberry Village Development Project, including making minor and non-substantive changes.
RECOMMENDATIONS
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