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File #: 15-0598    Version: 1 Name: Partial Release of HAP Contract - Orchard at Oakmont
Type: CC- Consent - Resolution Status: Agenda Ready
File created: 12/15/2015 In control: City Council
On agenda: 1/19/2016 Final action:
Title: RESOLUTION - PARTIAL RELEASE OF HOUSING ALLOCATION PLAN CONTRACT FOR MARKET-RATE UNITS - ORCHARD AT OAKMONT RECOMMENDATION: It is recommended by the Department of Housing and Community Services that the Council, by resolution, authorize the Mayor to execute the Partial Release of Housing Allocation Plan Contract to release only the market rate units from the Housing Allocation Plan Contract for the Orchard at Oakmont. The Housing Allocation Plan Contract will remain in effect for 25 owner-occupied units affordable to seniors earning 80% of Area Median Income or less.
Indexes: Not a Project
Attachments: 1. Staff Report, 2. Attachment, 3. Resolution, 4. Exhibit A, 5. Presentation