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HA - Approval of an Amended and Restated Disposition, Development and Loan Agreement between the Culver City Housing Authority and Habitat for Humanity of Greater Los Angeles for the Development of Affordable and Workforce Ownership Housing on the Housing Authority-Owned Site Located at 4044-4068 Globe Avenue.
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Contact Person/Dept: Tevis Barnes/CDD
Sol Blumenfeld/CDD
Phone Number: (310) 253-5782/ (310) 253-5700
Fiscal Impact: Yes [X] No [] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: Yes [X] No []
Commission Action Required: Yes [] No [X] Date:
Commission Name:
Public Notification: Notice by US Postal Service to all property owners/occupants and businesses within a 500 foot radius of the site (approximately 490 recipients) (12/01/2015); (Email) Meetings and Agendas - Housing Authority Board (12/10/15); and by e-mail to the Master Notification List (12/01/2015); Habitat for Humanity of Greater Los Angeles (12/01/2015).
Department Approval: Sol Blumenfeld[HB1], Director of Community Development
[BS2](12/09/15)
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RECOMMENDATION:
Staff recommends the Culver City Housing Authority Board (Board) approve an amended and restated Disposition, Development and Loan Agreement (AR-DDA) for the sale of Culver City Housing Authority-owned property located at 4044-4068 Globe Avenue, Culver City, California (Site) to Habitat for Humanity of Greater Los Angeles (HFHGLA or Developer) for the creation of 10 units of affordable and workforce ownership housing units.
BACKGROUND:
In June 2005, the former Culver City Redevelopment Agency (Former CCRA) purchased seven surplus properties on Globe Avenue (Site) from the California Department of Transportation (Caltrans) for $3.1 million with Housing Set Aside Funds for t...
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