City Council Approves Reallocation of $1.4M Home Funds for Transitional Aged Youth and Senior Housing Projects in Pasadena

The City Council unanimously on Monday approved the proposed amendments to Pasadena’s 2022-2023 Annual Action Plan which will pave the way for the reallocation of $1.4 million in HOME Investment Partnership Act (HOME) funds for the construction of transitional aged youth housing and a senior housing project in Pasadena.

The Annual Action Plan, approved by the City Council last June, presents the projected uses of federal entitlement funds including Community Development Block Grant, Emergency Solutions Grant and HOME. 

According to the Department of Housing’s proposal approved by the City Council, a total of $1 million in HOME funds will be allocated to nonprofit Heritage Housing Partners for the rehabilitation of two multi-unit apartment buildings located at 2322 E. Foothill Blvd. 

The project will consist of six housing units for transitional-aged youth. 

The project is subject to a Development Loan Agreement (DLA) pursuant to which the City has committed $2 million in Inclusionary Housing loan funds.

As per the proposal, the additional $1 million in HOME funds will be used “to cover unanticipated project development cost increases totaling $329,500 and to swap out $670,500 in inclusionary funds that have not yet been expended on the project.”

A total of $416,073 in HOME Community Development Housing Development (CHDO) funds will go to nonprofit developer National Community Renaissance of California for the development of the proposed affordable senior housing project at 280 Ramona Street. 

The project will consist of approximately 106 dwelling units, interior community space and a landscaped outdoor area for residents. 

The CHDO funding allocation is in addition to the $2.3 million in HOME funds that are currently allocated for the project in the existing Annual Action Plan. 

“This proposed action supports the City Council Strategic Planning Three-Year Goals in the areas of improving, maintaining, and enhancing public facilities and infrastructure; improving mobility and accessibility throughout the City of Pasadena; and supporting and promoting the quality of life and the local economy,” the Department of Housing’s report stated.