Victoria Housing Fund Application for the North Park Manor at 875 North Park Street (North Park) --J. Tinney, Director of Sustainable Planning & Community Development A report providing information and recommendations regarding an applicationfrom the North Park Manor Society to assist in the construction of three infill housing units. Late Item: Presentation Recommendation:That Council approve a Victoria Housing Fund grant to the North Park Manor Society in the amount of $30,000 to assist in the construction of three bachelor units of housing for low and medium income seniors at the North Park Manor, located at 875 North Park Street, subject to the following conditions: 1. The grant will be disbursed to the applicant once the Housing Fund Grant Agreement and Housing Agreement have been executed by the applicant. 2. The North Park Manor Society enters into a Housing Fund Grant Agreement to the satisfaction of the City Solicitor that includes the requirements that: a) the North Park Manor Society will identify the City of Victoria as a contributor on publications, documents, and public events related to the development, completion and operation of the project; b) upon project completion, North Park Manor Society will submit a final report to the Sustainable Planning and Community Development Department; and c) the grant is to be repaid by the North Park Manor Society if the project does not proceed as proposed. 3. The North Park Manor Society enters into a Housing Agreement securing the housing units at rental levels consistent with the Victoria Housing Fund Guidelines in a form satisfactory to the City Solicitor and Director of Sustainable Planning and Community Development. 1_Report_VHF for the North Park Manor at 875 North Park Street 2_Attachment 1_Application to the Victoria Housing Fund 3_Attachment 2_Letter to Mayor Council 4_Attachment 3_Project Eligibility Evaluation Form 5_Attachment 4 _Aerial Map 6_LATE_Presentation |