HomeMy WebLinkAboutMINUTES - 11081983 - C.5 0
TO: BOARD OF SUPERVISORS
FROM: Internal Operations Commi.ttee Contra
Costa
DATE: November 7, 1983 County
SUBJECT: Status of Affordable Housing in the Cedar Pointe Project,
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS:
1. That the Board adopt as County policy the following:
that the County desires to facilitate the production of
new rental units through the issuance of tax exempt bonds,
and that the County will consider such additional actions
as are necessary, feasible, and appropriate to assure that
the affordable units provided are available at rent levels
eligible for the Section 8 existing rent subsidy program.
2. That the development agreement which will be before the Board of Supervisors
on November 15, 1983 be approved.
3. That this matter be removed as a Committee referral .
BACKGROUND:
On October 25, 1983, the Board of Supervisors referred to our Committee the report
of the Director of Planning with regard to the status of affordable housing in the
Cedar Pointe Project being undertaken in San Ramon by the Lincoln Property Company.
Our Committee met on November 7, 1983 with a representative from Lincoln Property
Company, as well as staff from the Planning Department and Housing Authority. The
Cedar Pointe Project will have fifty (50) units of affordable housing; 30 one-bedroom
units and 20 two-bedroom units. At least 80% of the units will be rented at levels
eligible for the Section 8 existing rent subsidy program administered by the County
Housing Authority. Prior consideration will be given to individuals and families
holding Section 8 certificates. Families with an income not exceeding 80% of the
median income, or approximately $25,300 per year, will be eligible. The rent levels
will be approximately $470 a month for a one-bedroom unit, and $540 a month for a
two-bedroom unit. While our Committee believes that rents that high hardly qualify
by the historic definition of "affordable" , we recognize the high costs of construction
and high interest rates, and have been assured by the Planning Department that these
rentals represent a negotiated compromise with the Lincoln Property Company which is
acceptable at this time to all parties.
The Planning Director advises us that a development agreement will be on the Board's
agenda November 15, 1983. Despite our reluctance to approve this agreement because
we continue to believe that the rent levels are too high for many low-income families,
we are recommending that the Board approve the development agreement when it comes
before the Board.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OARD COMMITTEE
X APPROVE . OTHER
SIGNATURE(e Nancy C. Fanden Tom P e�
ACTION OF BOARD ON November 8, 7§83 APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS 255
X UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DA1T�E� SHOWN.
cc: County Administrator ATTESTED CJ%Y?� vM/V
Planning Director J.R. OLSSON. COUNTY C ERK
Housing Authority Director AND EX OFFICIO CLERK OF THE BOARD
M3e2/7-88 BY .v DEPUTY