Title
a. Approve and authorize the Director of Health to sign and approve the Memorandum of Understanding (MOU) between the County of Monterey, Interim, Inc., and Rockrose Housing Corporation for the development of Rockrose Gardens, an affordable housing project funded by the Mental Health Services Act (MHSA) Housing Program ("Program"); and
b. Approve and authorize the Director of Health to sign (1) the MHSA Subordination Agreement, (2) the MHSA Assignment and Assumption Agreement, in substantially the forms provided and (3) associated documents as they pertain to the closing of the Rockrose Gardens Housing Project.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and authorize the Director of Health to sign and approve the Memorandum of Understanding (MOU) between the County of Monterey, Interim, Inc., and Rockrose Housing Corporation for the development of Rockrose Gardens, an affordable housing project funded by the Mental Health Services Act (MHSA) Housing Program ("Program"); and
b. Approve and authorize the Director of Health to sign (1) the MHSA Subordination Agreement, (2) the MHSA Assignment and Assumption Agreement, in substantially the forms provided and (3) associated documents as they pertain to the closing of the Rockrose Gardens Housing Project.
SUMMARY/DISCUSSION:
The Health Department, in collaboration with the Economic Development Department, issued a Notice of Funding Availability (NOFA) for the Mental Health Services Act (MHSA) Housing Program ("Program"). The Program funds housing developments that offer affordable housing for individuals with psychiatric disabilities who are homeless or at risk of homelessness. Through that NOFA process, Interim was approved to receive funding to develop a twenty-one (21) unit housing development located in Marina. Nine (9) of the units will be set aside for the Program.
On June 12, 2012, the Board of Supervisors approved the submittal of the ...
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