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<br />JOINT CITY COUNCIL/ May 18, 2015 <br />SUCCESSOR AGENCY BOARD/ <br />PUBLIC FINANCING AUTHORITY SPECIAL MEETING MINUTES Page 10 <br /> <br />M/S Seybert/Aguirre to introduce ordinance. Motion carried by unanimous <br />electronic vote. <br /> <br /> B. Consideration of Funding Options for the Habitat for Humanity Project <br />at 612 Jefferson Avenue (401) <br /> <br />Mr. Aknin gave a presentation about funding options for a Habitat for Humanity project <br />(presentation on file). The funding for this project is coming from in-lieu fees for the One <br />Marina project. He spoke about past Habitat for Humanity projects in Redwood City <br />and gave a brief overview of the proposed project. The Council could fund with a <br />favorable long-term loan with forgiveness allowance or affordable housing grants. <br /> <br />Council Member Howard asked if there was the option of doing more than 20 affordable <br />units. Mr. Aknin stated that it was considered but it is a fairly small lot. He noted that <br />parking is one of the biggest barrier to production of affordable housing. <br /> <br />Public Comment <br />Stacey Laumann, Project Manager for Habitat for Humanity-Greater San Francisco, <br />spoke about Habitat for Humanity's work in Redwood City. She noted that the <br />organization prefers a grant in this situation because if there was a loan it would <br />increase costs to the home buyers. <br /> <br />Council Member Seybert asked if there are also partnerships with other organizations to <br />help furnish the apartments. Ms. Laumann replied that is correct. She stated that <br />Habitat for Humanity will receive gifts in kind from organizations like General Electric. <br />She noted that the City's investment also helps attract more private donations. <br /> <br />Council Member Howard stated that Habitat for Humanity is one of the few <br />organizations that helps with owned affordable homes. She asked what happens if the <br />home buyer decides to leave. Ms. Laumann replied that they have an option to resell <br />where each home will be affordable for 55 years. This transfers between buyers. <br /> <br />Council Member Aguirre asked how soon this will be built. Ms. Laumann stated that the <br />designs are being finalized and anticipates submitting a planning application in the fall. <br /> <br />Vice Mayor Foust stated that this would bring Redwood City from 52 to 72 Habitat for <br />Humanity homes. Council Member Bain stated that given Redwood City's relationship <br />with Habitat for Humanity he supports a grant funding option. Mayor Gee polled the <br />City Counselors and there was consensus on the grant option for funding. <br /> <br /> Recommendation: <br />Provide input on the preferred funding option for the production of affordable <br />housing units associated with a potential Habitat for Humanity project at 612 <br />Jefferson Avenue. MINUTE ORDER 15-075 <br /> <br />By general consensus Council approved Option 2 of the staff recommendation. <br /> <br /> C. Bradford Street Affordable Housing Draft Request for Proposals (401) <br /> <br />Mr. Aknin, Assistant City Manager, gave a presentation on a vacant site on Bradford <br />Street (presentation on file). He spoke about the history of the parcel and elaborated on <br />the request for proposals. The primary objective for this parcel is to develop more <br />6.1.H. - Page 21