Riverside City Council
January 13, 2026

California Department of Housing and Community Development (HCD) Homekey+ ProgramNotice of Funding Availability (NOFA)Acceptance of Terms and Conditions of Conditional AwardCity of Riverside and Riverside Housing Development Corporation (“Awardees”)University Terrace Homes (“Project”)Homekey+ Program NOFA award totaling $20,137,410 (“Conditional Award”), as detailed below:Program Award Amount Contract NumberCapital Award $20,137,410 25-HK+-18833Relocation Award $0 25-HK+-18833Operating Award $0 25-HK+-18833Veteran Units Additional Operating Award $0 25-HK+-18833Homekey+ Award Total$20,137,410By signing this Acceptance of Terms and Conditions of Conditional Award, the Awardee acknowledges having read and fully understood the terms and conditions of the Conditional Award Commitment, dated November 24, 2025, in connection with the Project.This Homekey+ Program NOFA award is under a media and public announcement embargo until released by the Office of the Governor or otherwise notified by HCD staff. HCD will provide updates on the timing of the public award announcement and provide a social media toolkit and a quote from the HCD Director for use in local media releases.In addition, the Awardee(s) must acknowledge that it has reviewed and verified the accuracy of the project report prepared by the Department no later than ten (10) calendar days of the date of this Conditional Award Commitment._________________________________________________ ______________________Mike Futrell, City Manager DateCity of Riverside_________________________________________________ ______________________Bruce Kulpa, Chief Executive Officer DateRiverside Housing Development Corporation** For HCD Use Only **Date Received: ____________________Approved as to Form:Attested by:City AttorneyCertified as to availability to Funds:Chief Financial OfficerCity Clerk