Long Beach, CA
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File #: 22-0518    Version: 1 Name: ED - Project Homekey D68
Type: Contract Status: CCIS
File created: 4/26/2022 In control: City Council
On agenda: 5/10/2022 Final action: 5/10/2022
Title: Recommendation to authorize City Manager, or designee, to execute any and all documents necessary to execute an Exclusive Negotiation Agreement (ENA) to enter into an exclusive negotiation period with Shree Ganesh, Inc., for the property located at 802 East Pacific Coast Highway; Astha Management, LLC, for the property located at 1121 East Pacific Coast Highway; KJP Enterprises, LLC, for the property located at 1500 East Pacific Coast Highway; and HB, LLC for the property located at 5950 Long Beach Boulevard; for the potential purchase of real property as part of Project Homekey. (Districts 6,8)
Sponsors: Economic Development
Attachments: 1. 051022-R-24sr&att, 2. 051022-R-24 Corresp. Gleason
TITLE
Recommendation to authorize City Manager, or designee, to execute any and all documents necessary to execute an Exclusive Negotiation Agreement (ENA) to enter into an exclusive negotiation period with Shree Ganesh, Inc., for the property located at 802 East Pacific Coast Highway; Astha Management, LLC, for the property located at 1121 East Pacific Coast Highway; KJP Enterprises, LLC, for the property located at 1500 East Pacific Coast Highway; and HB, LLC for the property located at 5950 Long Beach Boulevard; for the potential purchase of real property as part of Project Homekey. (Districts 6,8)

DISCUSSION
On September 9, 2021, the State of California Department of Housing and Community Development (HCD) released a Notice of Funding Availability (NOFA) for approximately $1.45 billion in grants as part of the Homekey Program (Homekey) Round 2. The program continues a statewide effort to rapidly sustain and expand housing for persons experiencing homelessness or at risk of homelessness and impacted by COVID-19 by partnering with local entities to acquire and rehabilitate a variety of housing types. Eligible grant activities include acquisition or rehabilitation of motels and hotels in support of those experiencing homelessness.

Upon notification of potential availability of Homekey funds and considering the extensive need for interim and permanent housing opportunities within the Long Beach, the City of Long Beach’s (City) Affordable Housing Workgroup, comprised of representatives from the City Manager’s Office and Development Services, Health and Human Services, and Economic Development Departments, discussed possible opportunities to leverage these funds, including utilizing Homekey Round 2 funds toward the acquisition or master lease, and operations of an existing motel into interim housing similar to the previous acquisition of the former Best Western location with Homekey Round 1 funds. On April 19, 2022, the City Council authorized the City Manage...

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