Homekey Round 3: Notice
of Funding Availability
Jacky Morales-Ferrand
Director
Ragan Henninger
Deputy Director
June 20, 2023
Item: 8.4
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL Homekey Strategy
2 Leverage success and lessons learned from Homekey rounds 1 and 2
Identify opportunities that address gaps in the current homeless and housing system
Leverage partnerships to address operating costs
10/5/2021
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL Homekey Requirements
3 Affordability Covenant: 30-year affordability covenant Follows the “Housing First” principles and low barrier
Demonstration of sustained operating leverage
Referrals must be made through local Coordinated Entry
System
10/5/2021
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL Hotel/Motels Construction/Rehab
8 hotel/motel submissions 3 developer/nonprofit submissions -Sales price, condition -Project size & feasibility
-Developer partners/service providers -Experience and proposed services -Land use designation - Site control
-Operating funds/leverage -Operating funds/leverage
Selection Process
410/5/2021
April 2023 Request for Information – 11 responses
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL 155 S. 11th Street Property – Casa Esperanza
5 Developer: Urban Housing Communities
Services: YWCA Golden Gate Silicon Valley
25 units and potential for childcare center onsite
Access to jobs, transit and medical services
Leverage services and operations by County
10/5/2021
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL Community engagement
Complete due diligence for property
Prepare and submit Homekey application (July 28
deadline)
Establish neighborhood advisory group in partnership with the Council office
Return to City Council authorizing the purchase of
property and appropriation of funding
Next Steps
68/14/2019
Homekey Round 3: Notice
of Funding Availability
Jacky Morales-Ferrand
Director
Ragan Henninger
Deputy Director
June 20, 2023
Item: 8.4