TITLE
Recommendation to authorize City Manager or designee, to execute any and all documents necessary, including an Agreement for Acquisition of Real Property and Escrow Instructions (Agreement), with H.B., LLC, a California limited liability corporation (Seller), for the purchase of certain real property located at 5950 Long Beach Boulevard, Assessor Parcel Number 7307-017-002, in an amount not to exceed $16,500,000; and
Accept the Categorical Exemption CE-22-143. (District 9)
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 the acquisition or rehabilitation of motels and hotels in support of those experiencing homelessness.
Upon notification of the potential availability of Homekey funds and considering the extensive need for interim and permanent housing opportunities within the City of Long Beach (City), the City’s Affordable Housing Workgroup, comprised of representatives from the City Manager’s Office, 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 an agreement with the Department of Housing and Community Development (HCD) relating to the Homekey grant application and award of grant...
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