Adopt a Resolution entitled “A Resolution of the City Council of the City of San Luis Obispo, California, Approving Affordable Housing Fund Awards to the Housing Authority of San Luis Obispo for the Anderson Inn in the Amount of $1,700,000 and Transitions Mental Health Association for the Palm Street Studios in the Amount of $300,000” allocating a total of $2,000,000 of State and Local Fiscal Recovery funds to be appropriated for the purpose of funding eligible affordable housing projects in the 2022-23 Supplemental Budget, as follows:
- Approve an allocation of Affordable Housing Funds in the amount of $1,700,000 to assist the Housing Authority of San Luis Obispo (HASLO) with the acquisition and rehabilitation of the Anderson Hotel (68 units for extremely low-income, special needs people); and
- Approve an allocation of Affordable Housing Funds in the amount of $300,000 to assist Transitions Mental Health Association (TMHA) with the property acquisition and rehabilitation for 8 supportive housing apartments that will be dedicated to low-income persons, located at 1118 Palm Street.