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A total of $507,000 would be forgiven from the City’s Community Development Block <br />Grant loan balances. The federal regulations related to the use of CDBG permits these <br />funds to be provided as a grant, forgivable loan or amortized loan. There will be no net <br />City cost and no impact to the General fund. <br /> <br /> <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under the California Environmental Quality Act (CEQA). <br /> <br /> <br /> <br /> <br />RHONDA COFFMAN <br />HOUSING & GRANTS MANAGER <br /> <br />AARON AKNIN <br />ASSISTANT CITY MANAGER <br /> <br /> <br />MELISSA STEVENSON DIAZ <br />CITY MANAGER <br /> <br />ATTACHMENT <br />-Resolution (including Affordability Agreement) <br /> <br />6.3.B. - Page 5