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CAO recommends extending interim housing terms and amending Homekey 1 loan documents; committee approves
Summary
The City Administrative Officer asked the committee to extend interim housing terms at Homekey 1 sites, reduce loan amounts where the state considers its match a grant, and clarify conversion rules to permanent housing; the committee approved the CAO recommendations.
The City Administrative Officer told the Housing and Homelessness Committee on May 14 that Homekey 1 sites acquired by the city in 2020 require legal amendments because interim operator agreements and program timelines are reaching five years.
Yolanda Chavez of the CAO said the report recommends a three-year extension of interim housing terms with an option to extend an…
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