for the maturing loan, and Regulatory Agreement for Kay Mar
Mobilehome Park located at 515 West College Avenue, to extend the
term by fifteen (15) years from October 18, 2026 to October 18, 2041.
Attachments:
12.2
REPORT - APPROVING A CONDITIONAL COMMITMENT OF
REHABILITATION FUNDS FOR STONY POINT COMMONS
LOCATED AT 2643 STONY POINT ROAD.
BACKGROUND: Community Support Network (CSN), a local non-profit,
submitted an emergency request for rehabilitation funding in the amount
of $154,000 to address fire sprinkler and restroom repairs at Stony
Point Commons. Staff is recommending the Housing Authority approve
a conditional commitment of up to $177,000 to provide contingency
funds for additional needs that may occur during the repairs.
RECOMMENDATION: The Housing and Community Services
Department recommends that the Housing Authority, by resolution,
approve a conditional commitment of rehabilitation funds for emergency
fire sprinkler and restroom repairs in an amount up to $177,000 to
Community Support Network for Stony Point Commons, a 16-unit single
room occupancy (SRO) facility for individuals with behavioral health
needs located at 2643 Stony Point Road and extend the term of the
Housing Authority’s loans by ten (10) years from March 28, 2032 to
March 28, 2042.
Attachments:
12.3
REPORT - FISCAL YEAR 2026-2027 NOTICE OF FUNDING
AVAILABILITY - FUNDING RECOMMENDATIONS
BACKGROUND: In response to the Fiscal Year 2026-2027 Notice of
Funding Availability (“NOFA”) announcing approximately $3.6 million in
funds for rehabilitation, acquisition, and development of affordable
housing; the Housing Authority received two applications requesting $4
million for 93 affordable units. The two applications were received for