Fiscal Note
Sufficient federal CDBG funds are available within the Community Development Division’s Housing Development Reserve Fund to provide the requested $200,000 for this project. Use of this fund was authorized as part of the Division’s 2015 Adopted Operating Budget. The use of CDBG funds will have no impact on the City levy.
Title
Authorizing an allocation of up to $200,000 in federal CDBG funds to support Porchlight, Inc.’s acquisition of property located at 4130 Lien Road, for the purpose of building 16 units of supportive permanent housing.
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BACKGROUND
Porchlight, Inc. is seeking funding to acquire property located at 4130 Lien Road, a 82,882 sq. ft. (1.9 acre) parcel that includes a 21,116 sq. ft. building. CDBG funds will be used to acquire only the vacant portion of the parcel for the purpose of constructing 16 to 21 efficiency-style units of permanent supportive housing. Porchlight will target the units to single adults who are facing homelessness or are at risk of homelessness. In addition to expanding the supply of rental housing, Porchlight will utilize the property’s existing building as increased program space for the agency’s Porchlight Products. Porchlight Products is a food manufacturing program that provides employment training opportunities to homeless persons with disabilities, and currently operates out of an overcrowded kitchen space located on Brooks Street. The Lien Road building space will afford Porchlight Products the capacity for additional growth, expanding the availability of employment training opportunities provided by the program from 38 to 60 trainees per year.
The allocation of $200,000 in federal CDBG funds will be contingent upon Porchlight, Inc. demonstrating that it has secured financing sufficient to complete the project and that the agency has received from the City all necessary land use and permit approvals. Further, the funds will be provided to Porchlight in the form of a long-term deferred loan, payable...
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