Laserfiche WebLink
5.A. - Pa 30 of 02 <br />N�m � San Matte county Economic Development Assodatbn <br />A. <br />EXECUTIVE COMMITTEE <br />Sherri Sager <br />Chair of the Board <br />Lucile Packard Children's Hospital Stanford <br />Ariane Hogan <br />Vice Chair <br />Genentech <br />Robert Webster <br />Vice Chair <br />Bohannon Development Company <br />Steve Mincey <br />Past Chair of the Board <br />DES Architects + Engineers, Inc. <br />Paul Casias <br />Vice Chair of Finance <br />My -Business -Advisor LLP <br />Elaine Breeze <br />Secretary <br />SummerHill Apartment Communities <br />Rosanne Foust <br />President & CEO <br />SAMCEDA <br />DIRECTORS <br />Emylene Aspilla <br />San Francisco Intemational Airport <br />Frank Bartaldo <br />Heritage Bank of Commerce <br />Norman Book, Jr. <br />Carr McClellan <br />In the midst of the COVID-19 pandemic and associated economic recession, the South Main Mixed -Use <br />project is even more important. All of the benefits above are still essential, but this project is key to <br />Redwood City's immediate and long-term economic recovery for the following very critical reasons: <br />AFFORDABLE HOUSING <br />The pandemic has turned a crisis into a catastrophe for families and low-wage workers needing <br />affordable housing. Current testing data confirms that 509 of COVID infections are in the Latinx <br />community in San Mateo County —5,521 of the 10,622 confirmed cases are Latino/Hispanic. One of the <br />underlying factors is believed to be that Latinos working outside the home in low wage and front-line <br />jobs are catching COVID and bringing it home to often overcrowded living situations where multiple <br />generations are forced to live in close proximity due to the high cost of housing. Mixed-use projects like <br />this one produce the greatest number of affordable housing units across all AMI categories as a result <br />of Redwood City's own housing policy. <br />1306 MAIN STREET <br />1306 Main Street was acquired by the City in July of 2009 for the purpose of providing affordable <br />housing to low income and special needs populations through the HUD Housing First Program. The <br />property contains 23 units: 22 studio units and a one -bedroom manager's unit. In addition, the City <br />applied Community Development Block Grant (CDBG) and HOME Investment Partnership (HOME) funds <br />toward acquisition of this site to provide permanent residences to unhoused persons, particularly in <br />downtown Redwood City. These persons were supposed to be given supportive services to help them <br />stabilize their lives and break the cycle of homelessness. <br />Ken Busch <br />After interior and structural rehabilitation work on the units was completed after the initial purchase, <br />Sores Regis Group of Northern California <br />Carol Donnelly <br />environmental testing results of the soil, groundwater, sub slab and indoor air quality tests determined <br />Embarcadero Capital Partners, LLC <br />that additional environmental remediation of indoor air quality of the apartments was necessary and <br />Shelley Doran <br />made recommendations for mitigation and related coordination with regulatory agencies. <br />Webcor <br />William Graham <br />Sequoia Hospital/A Dignity Health Member <br />Rick Knauf <br />Colliers International <br />Sunll Pandya <br />Wells Fargo <br />Frank R. Petrilll <br />Arent Fox LLP <br />Mario Puccinelll <br />Recology San Mateo County <br />Doug Reynolds <br />Kaiser Permanente <br />Jonathan Scharfman <br />Randy Smith <br />Orade America, Inc. <br />Ashley Stanley <br />RKF Engineers <br />Lucy Wicks <br />Stanford University <br />EMERITUS ADVISOR <br />TO THE CHAIR <br />T. Jack Foster, Jr. <br />Foster Enterprises <br />Today only three of the 22 BMR units are occupied. It is unacceptable that 19 units of housing purchased <br />in 2009 with the goal of providing stable housing and supportive services remain vacant today when <br />Redwood City is struggling with a chronic homeless population. <br />South Main Mixed -Use will purchase the building from the City at fair market value, and will replace all <br />22 units at 1304 EI Camino Real that will managed by HIP Housing along with their supportive service <br />partners. These units will be offered at extremely low-income (ELI), very low-income (VLI) rents. <br />CHILD CARE <br />Even before COVID-19, the child care industry was precarious, with programs operating on narrow <br />margins and staff earning very low wages. Due to the pandemic, child care programs face declining <br />participation and revenue, increased costs and ongoing uncertainties regarding State opening and <br />closing mandates. The Center for American Progress projects that as many as half of California's child <br />care programs could permanently close in the coming months, which would translate to a loss of <br />thousands of child care spaces in San Mateo County and exacerbate the already challenging planning to <br />re -open our school districts. <br />San Mateo County relies on a healthy child care infrastructure in order to thrive. Prior to the pandemic, <br />approximately 104,712 San Mateo County residents utilized child care in order to work full time in local <br />1900 O'Farrell Street, Suite 380 1 San Mateo, California 94403 ( 650.413.5600 1 info@samceda.org I www.samceda.org <br />304 <br />