Excess sites local government matching grants shall be available to selected developers that will receive contributions from local governments in accordance with the following:
(a)
The moneys appropriated under this chapter shall be allocated to selected developers that will receive contributions from a local government in support of affordable housing development on excess state-owned properties.
(b)
(1)
A local government and a selected developer may jointly apply for a grant pursuant to this section by submitting an application, in the form and manner prescribed by the department, that includes the following information:
(A)
A
budget including all sources, approved by local government resolution, demonstrating the amount of local government contribution to the selected developer for predevelopment and development costs for affordable housing on excess state-owned property, and the requested amount from the program.
(B)
An explanation of how proposed amounts from local government and the program will support and accelerate housing production on excess state-owned property by the selected developer.
(C)
A commitment and strategy from the local government to support the selected developer in a community outreach plan and lease up for the affordable housing development on the excess state-owned property.
(2)
The department shall review an application submitted pursuant to this subdivision in an expeditious manner. Upon approval of an
application for funds pursuant to this section, the department shall award the moneys for which the selected developer qualifies.
(c)
A selected developer that receives an allocation of funds pursuant to this section shall use those moneys to accelerate housing production on the excess state-owned property, as follows:
(1)
Allocating moneys directly to the predevelopment and development costs of housing and infrastructure that will accelerate housing production on excess state-owned property in a way that aligns with state planning priorities, housing, transportation, equity, and climate goals. Predevelopment costs may include environmental remediation and mitigation, geotechnical assessment, and activities related to the seismic retrofitting of existing improvements. Development costs may include
improvements associated with an adaptive reuse project.
(2)
Developing and implementing a community outreach and engagement plan, or lease-up strategy.
(3)
Covering the costs of temporary staffing or consultant needs associated with the activities described in paragraphs (1) and (2).
(d)
The maximum program contribution that a selected developer may receive pursuant to this subdivision shall not exceed ten million dollars ($10,000,000). When evaluating applications and determining awards, the department shall take into consideration factors including, but not limited to, all of the following:
(1)
Value of the local government contribution.
(2)
Need geographically
across the state.
(3)
The creation of new permanent housing options.
(4)
The potential for state funding for, and local contributions to make, additional housing units financially viable through this program.
(5)
The availability of other replacement funding sources and the feasibility of securing such funding.
(e)
Notwithstanding subdivision (d), the department may award a program contribution to a selected developer in excess of ten million dollars ($10,000,000) when taking into consideration the factors listed in subdivision (d) and other factors, including, but not limited to, all of the following:
(1)
The size, scale, and historical uses of the site.
(2)
The presence and condition of existing improvements.
(3)
The availability of other replacement funding sources and the feasibility of securing that funding.
