TITLE
Recommendation to adopt resolution authorizing the submission of an application to the California State Department of Housing and Community Development Infill Infrastructure Grant Program for assistance of up to $20,000,000; and authorize City Manager to execute all documents necessary to accept and expend the funds for the proposed project, upon funding approval. (District 1)
DISCUSSION
The Department of Community Development requests authorization to submit an application for a grant of up to $20,000,000 under the State Department of Housing and Community Development's Infill Infrastructure Grant (IIG) Program. Funds for the IIG Program were allocated under the Housing and Emergency Shelter Trust Fund Act of 2006 (Proposition 1 C). Its primary objective is to promote infill housing development.
The program seeks to accomplish this by providing financial assistance for infrastructure improvements necessary to facilitate new residential or mixed-use infill development projects. This is the second funding round for the IIG Program. There is approximately $197 million available for allocation during the 2008-09 fiscal year, less than the approximately $240 million that was available during the 2007-08 fiscal year. It is unknown at this time whether there will be additional funding rounds.
The City of Long Beach (City) and Meta Housing Corporation will apply as co-applicants for the IIG infrastructure funds in connection with a proposed mixed-use development at 1235 Long Beach Boulevard (southwest corner of Long Beach Boulevard and Anaheim Street). Meta Housing applied for the first funding round, and although a high score was received on the application, funds were not awarded. However, in preparation for the second funding round, staff continued working with Meta Housing on development plans for the site. The proposed project now has Site Plan and Tentative Map approval from the Planning Commission, which significantly improves the chance of funding this...
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