3.18 25-0508 Subject: CDBG Funding Authorization For The Eliza Senior Housing Project From: Housing And Community Development Department Recommendation: Adopt A Resolution: (1) Authorizing The Use Of Fiscal Year 2024-2025 Community Development Block Grant (CDBG) Funds In An Amount Not To Exceed $1,000,000 For Expenses Related To The Acquisition Of Real Property, Public Improvements, Site Clearance, And The Relocation Of Privately Owned Utilities To Support The New Construction Of The Eliza Affordable Senior Housing Project (The Eliza); (2) Authorizing The City Administrator To Enter Into An Unsecured CDBG Predevelopment Loan Agreement With Mercy Housing California And/Or Its Affiliated Entity Or Entities (Mercy) In An Amount Not To Exceed $500,000; (3) Authorizing The City Administrator To Enter Into A CDBG Secured Construction Loan With Mercy Housing California And/Or Its Affiliated Entity Or Entities (Mercy) In An Amount Not To Exceed $500,000; And (4) Adopting Appropriate California Environmental Quality Act (CEQA) Findings