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File #: 22-1119    Version: 1 Name:
Type: Minute Order Status: Action Item
File created: 6/1/2022 In control: City Council Meeting Agenda
On agenda: 6/13/2022 Final action:
Title: CC/HA: ACTION ITEM - Discussion and (if Desired) Approval of a Request by Community Corporation of Santa Monica (Community Corp) to Increase a Loan Commitment and Modify the Project Description for a Proposed 100% Affordable Housing Project to be Developed in Partnership with Culver Palms United Methodist Church at 4464 Sepulveda Boulevard, Culver City
Attachments: 1. 2022-06-13 ATT 1 SMC City Decision Memo.4464 Sepulveda Blvd.pdf, 2. 2022-06-13 ATT 2 SMC COUNCIL HOUSING SUBCOMM FEB 2021 AGENDA (3).pdf, 3. 2022-06-13 ATT 3 SMC Revised and Existing Commitments Letters Merged.pdf, 4. 2022-06-13 ATT 4 SMC CULVERCITY LACDA.pdf, 5. 2022-06-13 ATT 5 Correspondence from Community Corp.pdf, 6. 2022-06-13 ATT 6 SMC LMIHAF.pdf
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CC/HA: ACTION ITEM - Discussion and (if Desired) Approval of a Request by Community Corporation of Santa Monica (Community Corp) to Increase a Loan Commitment and Modify the Project Description for a Proposed 100% Affordable Housing Project to be Developed in Partnership with Culver Palms United Methodist Church at 4464 Sepulveda Boulevard, Culver City

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Meeting Date: June 13, 2022

Contact Person/Dept.: Tevis Barnes/CDD - Housing,
Sol Blumenfeld/CDD

Phone Number: (310) 253-5700

Fiscal Impact: Yes [X] No [ General Fund: Yes [] No [X]

Attachments: Yes [X] No []

Commission Action Required: Yes [] No [X]

Public Notification: (E-Mail) Meetings and Agendas - City Council (06/08/2022); Community Corporation of Santa Monica (05/26/2022); Culver Palms United Methodist Church (05/26/2022); Advisory Committee on Housing and Homelessness (05/31/2022); and Landlord Tenant Mediation Board (06/09/2022)

Department Approval: Sol Blumenfeld, Community Development Department (06/07/2022)



RECOMMENDATION

Staff recommends the City Council and the Housing Authority (Authority) Board discuss and, if desired, approve the request by Community Corporation of Santa Monica (Community Corp.) to modify the original Loan Commitment Letter to increase the number of units from 75 to 95 and increase the Loan Commitment amount from $2 million to $4 million for a proposed 100% affordable housing project to be developed in partnership with Culver Palms United Methodist Church at 4464 Sepulveda Boulevard (Project).


BACKGROUND

Regional Housing Needs Assessment

The Project is to be developed in partnership with property owner Culver Palms United Methodist Church and will include a mixed-use project on the church property. The City would obtain 95 affordable housing units that would help address its Southern California Association of Governments (SCAG) Regional Housing Needs Assessment (RHNA) goals. In the current RHNA housing...

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