Meeting Time: December 17, 2024 at 3:30pm PST
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Agenda Item

5.14 25-0275 Subject: Prohousing Incentive Pilot Program Grant Application From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing The City Administrator To (1) Apply For, Accept, And Appropriate $1,390,000 In Funds From The State Of California Department Of Housing And Community Development's Prohousing Incentive Pilot Program For Capitalized Service Reserves For Affordable Housing And (2) Make Grants Or Development Loans Under The New Construction Of Multifamily Rental Affordable Housing Program Or The Rapid Response Homeless Housing Program Without Returning To Council, Contingent On Funding Availability