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File #: 21-400HA    Version: 1 Name: Recission of Funds for DeTurk Winery Village
Type: HA- Consent Status: Agenda Ready
File created: 2/23/2021 In control: Housing Authority
On agenda: 3/22/2021 Final action: 3/22/2021
Title: RESOLUTION - RESCISSION OF HOUSING AUTHORITY RESOLUTION NO. 1692, WHICH HAD APPROVED A CONDITIONAL COMMITMENT OF LOAN FUNDS IN THE AMOUNT OF $4,200,000 AND ALLOCATION OF 134 ARTICLE XXXIV UNITS, AND HOUSING AUTHORITY RESOLUTION NO. 1693, WHICH HAD APPROVED AN ALLOCATION OF EIGHT (8) PROJECT-BASED VOUCHERS FOR THE DETURK WINERY VILLAGE PROJECT AT 8 WEST 9TH STREET AND 808 DONAHUE STREET RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, by resolution, 1) rescind Housing Authority Resolution No. 1692, which approved a conditional commitment of loan funds in the amount of $4,200,000 and an allocation of 134 Article XXXIV units; and 2 rescind Housing Authority Resolution No. 1693, which allocated eight (8) Project-Based Vouchers, for the DeTurk Winery Village Project at 8 West 9th Street and 808 Donahue Street, as the developer advised it will no longer be proceeding with the project.
Sponsors: Housing Authority
Indexes: Not a Project
Code sections: 15378 - Not a Project
Attachments: 1. Staff Report, 2. Attachment 1 – Housing Authority Resolution No. 1692, 3. Attachment 2 – Housing Authority Resolution No. 1693, 4. Attachment 3 – Letter from Developer, 5. Resolution, 6. Presentation
Related files: 20-811HA, 20-812HA