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HomeMy WebLinkAboutMINUTES - 02232010 - SD.12RECOMMENDATION(S): HOLD Public Hearing and ADOPT the Contra Costa County Redevelopment Agency FY 2010-15 Implementation Plan in compliance with California Community Redevelopment Law. FISCAL IMPACT: No general funds are involved. BACKGROUND: California Redevelopment Law (Health & Safety Code Section 33490), requires all redevelopment agencies administering redevelopment plans adopted prior to January 1, 1994, to adopt an Implementation Plan every five years. The Implementation Plan has a non-housing and housing component which, in total, must describe the following: (1) specific goals and objectives for the next five years; (2) specific projects, including a program of activities and expenditures to be made within the five years of the plan; (3) an explanation of how the goals, objectives, projects and expenditures will eliminate blight; (4) an explanation of how the goals, objectives, projects APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 02/23/2010 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Gayle B. Uilkema, District II Supervisor Mary N. Piepho, District III Supervisor Susan A. Bonilla, District IV Supervisor Federal D. Glover, District V Supervisor Contact: Vincent Manuel, 335-7232 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: February 23, 2010 David J. Twa, County Administrator and Clerk of the Board of Supervisors By: June McHuen, Deputy cc: SD.12 To: From:Jim Kennedy, County Redevelopment Director Date:February 23, 2010 Contra Costa County Subject:HEARING on the Adoption of the County Redevelopment Agency FY 2010 - FY 2015 Implementation Plan. BACKGROUND: (CONT'D) and expenditures will implement the low- and moderate-income housing set-aside and housing production requirements; (5) the number of housing units to be rehabilitated, price-restricted, assisted or destroyed; (6) plans for using annual deposits to the Housing Fund; (7) if a planned project will result in the destruction of existing affordable housing, an identification of proposed locations for the replacement housing the Agency will be required to produce, and (8) the project area affordable housing production plan. The Agency adopted its first Implementation Plan in December 1995, and subsequently in 1999 and 2006. The prior Implementation Plans included a five-year capital program and a ten-year housing program as required by California Redevelopment Law (CRL). This new Implementation Plan will provide for Agency activities for the years 2010 through 2015. The Health & Safety Code requires that prior to adoption, the Redevelopment Agency conduct a public hearing for the Implementation Plan for the Agency’s five existing redevelopment areas; (1) The North Richmond Redevelopment Project Area; (2) The Montalvin Manor Redevelopment Project Area; (3) The Rodeo Redevelopment Project Area; (4) The Contra Costa Centre Redevelopment Project Area; and (5) The Bay Point Redevelopment Project Area. This Implementation Plan has been reviewed by the various local Committees, and incorporates their comments. ATTACHMENTS Implementation Plan Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 i January 2010 Contra Costa County Redevelopment Agency Five-Year Implementation Plan FY 2009/10 to FY 2014/15 Contra Costa County RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 i RREEPPOORRTT CCOONNTTRRIIBBUUTTOORRSS Contra Costa County Redevelopment Agency James Kennedy Redevelopment Director Vincent Manuel Project Manager Gabriel Lamus, Project Manager Maureen Toms, Project Manager D’Andre Wells, Project Manager Wahlstrom & Associates Stephen Wahlstrom, Principal Yve Susskind, Associate Claudette Carr, Production Manager Vernazza Wolfe Associates Lucina Vernazza, Principal Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 ii TTAABBLLEE OOFF CCOONNTTEENNTTSS 1. Background Information Common to all Five Project Areas......................1 1.1 Organization of the Implementation Plan ..................................................2 1.2 Description of Five Project Areas Administered by the Redevelopment Agency.............................................................................3 1.3 Non-Housing Redevelopment Goals..........................................................4 1.4 Affordable Housing Goals..........................................................................5 1.5 Agency Obligations to Improve Access to Affordable Housing...............5 1.6 Housing Programs Utilized by the Agency................................................9 1.7 Consistency with the Housing Element ...................................................10 1.8 Tax Increment Financing and Other Resources Available to Fund Project Area Improvements............................................................11 2. Rodeo Project Area Implementation Plan...................................................14 2.1 Agency’s Accomplishments Since FY 2003/04 ......................................14 2.2 Project Area Goals and Objectives...........................................................15 2.3 Projected Revenues Available to Fund Non-Housing Improvements ...................................................................16 2.4 Projected Five Year Non-Housing Projects and Activities ....................19 2.5 Projected Five-Year Non-Housing Expenditures....................................20 2.6 How Improvement Project and Redevelopment Activities will Reduce Blight in Rodeo ...................................................................21 2.7 Affordable Housing Projects and Activities ............................................22 2.8 Housing Fund Revenues Available for Affordable Housing Projects and Programs .............................................................................26 2.9 Affordable Housing Production Plan.......................................................25 2.10 Replacement Housing Requirements.....................................................27 2.11 Targeting of Housing Fund Expenditures in Rodeo..............................28 3. Montalvin Manor Project Area Implementation Plan................................30 3.1 Agency’s Past Non-Housing Accomplishments and Expenditures.......................................................................................30 3.2 Project Area Goals and Objectives...........................................................32 3.3 Projected Revenues Available to Fund Non-Housing Improvements ...................................................................34 3.4 Projected Five Year Non-Housing Projects and Activities .....................36 3.5 Projected Five-Year Non-Housing Expenditures ...................................37 3.6 How Improvement Project and Redevelopment Activities will Reduce Blight in Montalvin Manor.................................................38 3.7 Affordable Housing Projects and Activities ...........................................39 3.8 Housing Fund Revenues Available for Affordable Housing Projects and Programs ............................................................................42 3.9 Affordable Housing Production Plan.......................................................42 3.10 Replacement Housing Requirements.....................................................44 3.11 Targeting of Housing Fund Expenditures in Montalvin Manor............44 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 iii 4. North Richmond Project Area Implementation Plan.................................46 4.1 Agency’s Accomplishments Since FY 2003/04 ......................................46 4.2 Project Area Goals and Objectives...........................................................49 4.3 Projected Revenues Available to Fund Non-Housing Improvements............................................................................................50 4.4 Projected Five Year Non-Housing Projects and Activities .....................52 4.5 Projected Five-Year Non-Housing Expenditures....................................54 4.6 How Improvement Projects and Redevelopment Activities will Reduce North Richmond’s Blight....................................................56 4.7 Affordable Housing Projects and Activities ............................................57 4.8 Housing Fund Revenues Available for Affordable Housing Projects and Programs .............................................................................62 4.9 Affordable Housing Production Plan.......................................................63 4.10 Replacement Housing Requirements.....................................................65 4.11 Targeting of Housing Fund Expenditures in North Richmond .............66 5. Contra Costa Centre Project Area Implementation Plan..........................67 5.1 Agency’s Past Accomplishments, FY 2003/04 – FY 2008/09................67 5.2 Project Area Goals and Objectives...........................................................69 5.3 Projected Revenues Available to Fund Non-Housing Improvements...........................................................................................71 5.4 Projected Five Year Non-Housing Projects and Activities .....................74 5.5 Projected Five-Year Non-housing Expenditures.....................................76 5.6 How Improvement Project and Redevelopment Activities will Reduce Blight at Contra Costa Centre.............................................77 5.7 Affordable Housing Projects and Activities ............................................78 5.8 Housing Fund Revenues Available for Affordable Housing Projects and Programs .............................................................................80 5.9 Affordable Housing Production Plan.......................................................81 5.10 Replacement Housing Requirements.....................................................83 5.11 Targeting of Housing Fund Expenditures in Contra Costa Centre...............................................................................84 6. Baypoint Project Area Implementation Plan..............................................85 6.1 Agency’s Accomplishments Since FY 2003/04 ......................................86 6.2 Project Area Goals and Objectives...........................................................88 6.3 Projected Revenues Available to Fund Non-Housing Improvements.....90 6.4 Projected Five Year Non-Housing Projects and Activities .....................93 6.5 Projected Five-Year Non-Housing Expenditures.....................................95 6.6 How Improvement Projects and Redevelopment Activities will Reduce Bay Point's Blight...............................................................96 6.7 Affordable Housing Projects and Activities ............................................97 6.8 Housing Fund Revenues Available for Affordable Housing Projects and Programs ............................................................................98 6.9 Affordable Housing Production Plan.....................................................101 6.10 Replacement Housing Requirements...................................................103 6.11 Targeting of Housing Fund Expenditures in Bay Point......................104 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 iv TTAABBLLEE OOFF FFIIGGUURREESS 1-1 Contra Costa County Redevelopment Areas............................................. 4 1-2 Regional Housing Needs Allocation (RHNA), Unincorporated Contra Costa County...................................................... 8 2-1 Rodeo Project Area Fiscal Limits............................................................ 17 2-2 Project Revenues Available to Fund Non-housing Improvement Projects in the Rodeo Project Area, FY 2009/10 to 2013/14................ 18 2-3 Estimates of Future Non-housing Expenditures in the Rodeo Project Area, FY 2009/10 to 2014/15.................................................... 21 2-4 Low and Moderate Income Housing Fund Summary ............................ 23 2-5 Projected Housing Expenditures in Rodeo Project Area FY 2009/10 to 2013/14........................................................................... 25 2-6Housing Production and Affordable Housing Obligation in Rodeo...... 26 3-1 Montalvin Manor Project Area Fiscal Limits.......................................... 34 3-2 Project Revenues Available to Fund Non-housing Improvement Projects in the Montalvin Manor Project Area FY 2009/10 to FY 2013/14.................................................................... 36 3-3 Estimates of Future Non-housing Expenditures in Montalvin Manor Project Area, FY 2009/10 to FY 2014/15.............................................. 38 3-4 Low and Moderate Income Housing Fund Summary ............................. 40 3-5 Projected Housing Expenditures Montalvin Manor Project Are FY 2009/10 to 2013/14........................................................................... 42 3-6 House Production and Affordable Housing Obligation in Montalvin Manor.................................................................................... 43 4-1 North Richmond Project Area Fiscal Limits ........................................... 51 4-2 Project Revenues Available to Fund Non-housing Improvement Projects in the North Richmond Project Area FY 2009/10 to 2013/14........................................................................... 52 4-3 Estimates of Future Non-housing Expenditures in the North Richmond Project Area, FY 2009/10 to 2013/14........................ 55 4-4 Low and Moderate Income Housing Fund Summary ............................ 60 4-5 Projected Housing Expenditures in North Richmond Project Area FY 2009/10 to 2013/14........................................................................... 63 4-6 House Production and Affordable Housing Obligation in North Richmond ..................................................................................... 65 5-1 Contra Costa Centre Project Area Fiscal Limits..................................... 72 5-2 Project Revenues Available to Fund Non-housing Improvement Projects in the Contra Costa Centre Project Area FY 2009/10 to 2013/14........................................................................... 74 5-3 Estimates of Future Non-housing Expenditures in the Contra Costa Centre Project Area, FY 2004-5 to 2008-09................... 77 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 v 5-4 Low and Moderate Income Housing Fund Summary ............................ 79 5-5 Projected Housing Expenditures in Contra Costa Centre Project Area FY 2009/10 to 2013/14........................................................................... 81 5-6 House Production and Affordable Housing Obligation in Contra Costa Centre Project Area.......................................................... 83 6-1 Bay Point Project Area Fiscal Limits....................................................... 90 6-2 Project Revenues Available to Fund Non-housing Improvement Projects in the Bay Point Project Area, FY 2009/10 to 2013/14.......... 93 6-3 Estimates of Future Non-housing Expenditures in the Bay Point Project Area, FY 2004-5 to 2008-09...................................................... 96 6-4 Low and Moderate Income Housing Fund Summary ............................. 99 6-5 Projected Housing Expenditures in Bay Point Project Area FY 2009/10 to 2013/14......................................................................... 101 6-6 House Production and Affordable Housing Obligation in Bay Point Project Area........................................................................... 99 * * * Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 1 CRL requires the Implementation Plan to include the Agency’s goals and objectives, as well as the specific programs and expenditures proposed for each Project Area during the next five years. The Implementation Plan also explains how the planned improvements will eliminate blight and implement the low- and moderate-income housing requirements. The housing section of the plan must contain: The financial resources presently available in the housing fund; Estimates of the housing fund deposits during the next five years; Estimated number of housing units that have been developed in each Project Area since plan adoption; Estimated number of housing units that will be developed within each Project Area over the life of the plan and during the next ten years; Replacement plan for low and moderate-income housing units that are removed by redevelopment activities. Beyond the legal requirements, the Implementation Plan is intended to inform policy makers and the general-public about the Agency’s activities. The plan is constructed to be flexible so that the Agency can adjust to changing circumstances and new opportunities. This plan will California Redevelopment Law (CRL) requires Redevelopment Agencies to adopt an Implementation Plan every five years. 11 BBaacckkggrroouunndd IInnffoorrmmaattiioonn CCoommmmoonn ttoo aallll FFiivvee PPrroojjeecctt AArreeaass Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 2 guide the Agency’s activities for the next five years, FY2009/10 through FY2014/15. 1.1 ORGANIZATION OF THE IMPLEMENTATION PLAN This section provides the overall context for the Implementation Plan. The introduction includes: •A physical description of the Project Area; •The Agency’s non-housing and affordable housing goals and objectives; •The obligations to improve access to affordable housing; •The housing programs utilized by the Agency; •A summary of the funding available to make Project Area improvements. This Implementation Plan is then subdivided into a chapter for each Project Area due to the separate and distinct nature of each community. All five chapters include the following components: •Agency accomplishments during the past five years; •Project Area goals and objectives; •Projected revenues available for non-housing improvements; •Projected five-year non-housing projects and activities; •Projected five-year non-housing expenditures; •Linkage between Project Area improvements and the elimination of remaining blight; •Affordable housing projects and activities; •Housing Fund revenues available for affordable housing projects and programs; •Affordable housing production plan; •Targeting of Housing Fund expenditures. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 3 1.2 DESCRIPTION OF FIVE PROJECT AREAS ADMINISTERED BY THE REDEVELOPMENT AGENCY The Redevelopment Agency administers improvement activities within five Project Areas located in unincorporated areas of Contra Costa County. The socioeconomic setting, the blight removal challenges, and the improvement projects are distinctly different for each Project Area. North Richmond, Montalvin Manor, and Rodeo are West County communities with direct access to San Pablo Avenue and nearby Interstate 80. Contra Costa Centre surrounds the Pleasant Hill BART Station, which is located in the heart of the county’s I-680 growth corridor. Bay Point is an East County community located between the City of Pittsburg and the former Concord Naval Weapons Station. Below is a brief description of each Project Area. North Richmond is a residential and industrial area surrounded by the cities of Richmond and San Pablo. The residential neighborhood has a high concentration of low- and moderate-income households living in older homes in need of repair. The community lacks commercial services and needs a significant amount of new investment in new housing and neighborhood infrastructure such as sidewalks, lighting, utilities, drainage, and roadways. Backbone infrastructure is needed to support more employment by expanding light industrial and commercial uses. Rodeo is a residential community mixed with commercial, industrial, and waterfront related uses. The Project Area is located next to a large oil refinery, and adjacent to the City of Hercules between Interstate 80 and San Pablo Bay. The Rodeo Old Town area suffers from disinvestment and the loss of commercial service to nearby shopping centers. The neighborhoods lack sidewalks, gutters and curbs, and suffer from an antiquated public infrastructure. The housing stock is older than average and in need of investment. Montalvin Manor is a Project Area formed in 2003 located east of the City of Richmond near San Pablo Avenue and west of the Tara Hills/Bayview community. The neighborhood can be accessed from Interstate 80 through the Richmond Parkway, and from San Pablo Avenue through Kay Road, Shamrock Avenue, and Tara Hills Drive. The community lacks commercial services and neighborhood amenities. The housing stock is in need of upgrade and repair. Bay Point is an East County residential area nestled between the City of Pittsburg and the former Concord Naval Weapons Station. Access to the Project Area is via Highway 4 and BART. Except for the Orbisonia Heights area, the freeway separates the Project Area from the City of Pittsburg to the south Commercial services are scattered along Willow Pass Road, which is the community’s primary thoroughfare. The community lacks commercial services, and suffers from inadequate and obsolete utilities, drainage, sewers, and streets. Bay Point has an older housing stock in need of upgrading. Infill housing opportunities also exist. Contra Costa Centre is a very different Project Area because of its location adjacent to the Pleasant Hill BART Station, in the center of the County’s I-680 growth corridor. The Project Area was created to implement the Specific Plan to achieve transit-oriented development next to a regional transportation hub. FIGURE 1-1 Contra Costa County Redevelopment Areas So u rce: Contra Costa County Redevelopment A g ency 1.3 NON-HOUSING REDEVELOPMENT GOALS The establishment of the Redevelopment Agency is a commitment to use tax increment revenues to fund revitalization programs, development plans, improve infrastructure, and form public/private partnerships to create jobs and remove blight. Improvement projects and programs for each project area will attract new private investment to remove blight by improving buildings, infrastructure, and community facilities. The specific goals for each project area are included in the applicable plan. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 4 1.4 AFFORDABLE HOUSING GOALS The County recently updated its Housing Element. Part of that process was a review of the County’s housing goals and policies, including redevelopment. Six of the County’s eight housing goals are applicable to redevelopment and supported by redevelopment activities, including the following:1 Maintain and improve the quality of the existing housing stock and residential neighborhoods in Contra Costa County; Preserve the existing affordable housing stock in Contra Costa County; Increase the supply of affordable housing with a priority on the development of affordable housing; Increase the supply of appropriate and supportive housing for special needs populations; Improve housing affordability for both renters and homeowners; Promote equal opportunity for all residents to reside in the housing of their choice. 1.5 AGENCY OBLIGATIONS TO IMPROVE ACCESS TO AFFORDABLE HOUSING The Agency is required by the California Community Redevelopment Law (CRL) to meet certain obligations to provide expanded access to affordable housing, replace housing that is removed as a result of redevelopment activities, and spend 20 percent of its tax increment revenues to serve population segments that are targeted by age and income.2 One purpose of the Implementation Plan is to document how the Agency intends to meet its obligations to improve access to affordable housing, and how it will do so in the future. The basic legal requirements that the Agency must meet are described below. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 5 1 Contra Costa County, Draft Housing Element Revised in Response to HCD Comments-June 2009, pp. 6-90 – 6-94. 2 The housing production obligation applies to redevelopment plans adopted on or after January 1, 1976, and territory added to project areas by amendment adopted on or after January 1, 1976. Contra Costa January 2010 rea. RDA Implementation Plan, FY 2009/10 to FY 2014/15 6 HOUSING FUND EXPENDITURE REQUIREMENTS The Agency must set aside at least 20 percent of tax increment revenues into a Housing Fund, and spend the Housing Fund revenues to improve, preserve, and/or produce more affordable housing for low- and moderate-income residents. AB 637 added a provision that prohibits Agencies from using their Housing Funds to develop affordable housing if sufficient private financing is available to produce new units, or rehabilitate the same number of affordable units that Agency financing would support. Agencies are required to use their housing set-aside funds to fill the gap when conventional financing is not available, and not to take the place of conventional financing. In fact, an Agency and its private development partners must document that private financing was unavailable to develop affordable housing if an Agency’s Housing Funds comprise more than 50 percent of the cost of producing the affordable units. AFFORDABLE HOUSING PRODUCTION AND COMPLIANCE REQUIREMENT The CRL requires that very-low, low or moderate-income households have access to 15 percent of new housing developed in each Project Area, and that 40 percent of the affordable units be occupied by very- low-income households at a legally defined affordable housing cost.3 The Agency can meet this requirement by producing affordable units within the Project Area; or two units produced outside the Project Area can be counted as one unit produced within the Project A The legislation requires the Agency to comply with the production requirements throughout a series of ten-year periods, as well as through the life of the Plan. If the Agency has fallen behind in its legal requirements to produce affordable housing, then all new Project Area housing developments built by private or non-profit developers must meet the affordable housing production requirement. Conversely, if the Agency has produced more housing than is legally required, then future requirements to build more Project Area affordable housing units will be reduced. 3 The CRL currently defines substantially rehabilitated units as all units substantially rehabilitated with Agency assistance. Substantial rehabilitation means rehabilitation, the value of which constitutes at least 25 percent of the after rehabilitation value of the dwelling, inclusive of land value (33416(b)(2)(A)(iii)). The definition also included multifamily units that did not receive Agency assistance prior to January 1, 2002. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 7 The Contra Costa RDA has been addressing its affordable housing obligations by forming partnerships with, and providing financial assistance to affordable housing developers.4 The Agency is required to monitor housing production in each Project Area. REQUIREMENT TO TARGET HOUSING FUND EXPENDITURES FOR LOW AND VERY-LOW INCOME HOUSEHOLDS AB 637 and SB 701 added two requirements for targeting the use of housing set-aside funds every ten years and over the duration of the redevelopment plan. Targeting Low- and Very Low-Income Households Redevelopment Agencies are now required to target their housing set- aside funds to low and very-low-income households as determined by the regional fair share allocation.5 The percentage of Housing Fund expenditures for each income category (very-low, low and moderate) is based on the percentage of units needed within each category. The percentages apply to each Project Area. The most recent Regional Housing Needs Allocation (RHNA) for the County is for 2007-2014. The County used these needs numbers to guide the recent Housing Element update. The total RHNA allocation is 3,508 housing units, with 1,408 of the units designated for above-moderate income households and 2,100 units needed as affordable units. Figure 1-2 shows that 815 units (39 percent) are needed for very low- income families. Nearly 600 units (28 percent) are needed for low- income households, and approximately 700 units (33 percent) are targeted for moderate-income households.6 The percentages shown are the targets for expenditure of the housing set-aside funds for each income category. 4 If the Contra Costa RDA became a housing developer, then thirty percent (30%) of all Agency developed units must be made available to very-low, low- or moderate-income households. Occupancy of affordable housing for very-low-income residents would be restricted occupancy to households with incomes up to 50 percent of area median. Affordable housing for moderate-income residents would be restricted to occupancy by households with incomes up to 110 percent of the area median. 5 See CCRL Section 33334.4(a). 6 With the updated RHNA numbers, the targeted percentage for very-low income households has increased from 35 percent to 39 percent. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 8 FIGURE 1-2 Regional Housing Needs Allocation (RHNA), Unincorporated Contra Costa County 2007-2014 Income Gr o up A rea Median Inc ome Total Uni ts Perc en t ag e Very Low 50% or less 815 39% Low 50% to 80% 598 28% Moderate 80% to 120% 687 33% Total s 2,100 100% Data Sou rce: ABAG Analy s is : Vernazza Wolfe Associates Not e: Total does not include 1,408 above-moderate units Targeting Non-Seniors Beginning January 1, 2006, agencies are required to spend their Housing Fund over each ten-year compliance period of the housing production plan to assist housing available to persons regardless of age. Housing funds must be spent proportionately by age group (under and over age 65).7 Based on the number of low-income households in the unincorporated area of Contra Costa County in 2000, 70 percent of these households were non-senior households. This is based on special tabulations of 2000 census data provided by HUD.8 Thus, no more than 30 percent of the Housing Fund expenditures should benefit seniors, with the rest to benefit non-seniors. Housing Replacement Requirement If redevelopment activities reduce the number of Project Area housing units, then the Agency must replace all housing units that were previously occupied by low- and moderate-income persons. These housing units must be replaced with new units that are affordable to households at the same income categories of the units that were removed. The Agency’s description of how the housing units will be replaced should include the following items: 7 Data reported in the most recent US. Census as required by CRL Section 33334.4(b). This provision replaces a similar requirement in effect from 2002 through 2005 that provided a different method for calculating the senior and non-senior targeting percentages. The initial period to assess compliance with this targeting requirement ends in 2014. 8 SOCDS CHAS Data: Housing Problems Output for All Households, Union City (http://socds.huduser.org/chas/reports) General location of new housing units targeted for low and moderate- income persons;9 The number of low and moderate units to be developed, and the number of low- and moderate-income persons to be served by the new replacement units; Methods of financing affordable housing. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 9 1.6 HOUSING PROGRAMS UTILIZED BY THE AGENCY The Agency supports and participates in a number of housing programs, some of which operate in all five Project Areas, and some in selected areas only. The basic programs for the next five years include the following: Multifamily Rental Housing The Agency can provide assistance with the new construction and/or substantial rehabilitation of multi-family rental housing that is affordable and can be occupied by low- and moderate-income households. The multi-family rental program is appropriate in all Project Areas. Senior Housing New Development The Agency can promote the development of new rental multi-family housing affordable to low- and moderate-income senior households.10 First-Time Homebuyer Program for Home Ownership The Agency can assist developers to construct single-family housing that is affordable to low- and moderate-income households. This can be accomplished through a first-time homebuyer program, where Agency assistance is structured as a second loan and the homebuyer can defer the principal and interest on the second loan until the property is resold or transferred. Mortgage Credit Certificate Program The County manages a program that provides qualified homebuyers with a 20 percent Federal tax credit, based upon the amount of interest on the homebuyer’s loan. 9 The rehabilitation of existing housing units can substitute for new housing units. Comment [LKV1]: The programs need to be updated by Agency staff or from the new Housing Element. 10 This program is active in Rodeo, but not active in Montalvin Manor or Contra Costa Centre. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 10 Substantial Rehabilitation Program The Agency has a Housing Rehabilitation Loan Program in place that can help finance the rehabilitation of existing housing units as a substitute for the development of new housing units. The program offers subsidized loans for the maintenance and rehabilitation of housing owned and/or occupied by low- and moderate-income households. Homebuyer Assistance-Foreclosed Properties The Agency has developed a program to acquire foreclosed homes in Rodeo and other Project Areas. The Program may work in coordination with the Neighborhood Stabilization Program (NSP), which is funded by the Department of Housing and Urban Development and administered by the Contra Costa County Housing Program. The County plans to use the NSP funds to acquire foreclosed properties, rehabilitate the homes where needed, and then resell to other homebuyers. NSP funds may also be used to assist with closing costs, down payments, and land banking for future development. Agency funds will be used to compliment the Neighborhood Stabilization Program (NSP) Funds. New Construction of Affordable Housing Working with nonprofit and for-profit developers, the Agency provides direct financial assistance and land write-downs to assist in the development of ownership and rental housing for extremely-low, very- low and low-income and special needs households. The Housing Fund is a major source for this assistance. 1.7 CONSISTENCY WITH THE HOUSING ELEMENT Part of the County’s recent Housing Element update process was a review of County’s housing goals and policies. The Agency’s housing programs are consistent with the County Housing Element and support its goals. Many of the existing affordable housing units identified in the Housing Element were developed in redevelopment project areas with redevelopment assistance. The Housing Element identifies the Agency and redevelopment housing set-aside funds as an important component in the County’s efforts to provide financial assistance for the development of affordable housing. One of the County’s program objectives is to assist in the financing and development of 650 affordable units over five years, many of which will be supported with redevelopment housing set- aside funds. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 11 1.8 TAX INCREMENT FINANCING AND OTHER RESOURCES AVAILABLE TO FUND IMPROVEMENTS The Agency’s ability to borrow and raise funds for improvement projects is limited by the current state of the economy, the California State budget, the legal parameters that determine the total amount of tax increment that can be collected, and the total amount of indebtedness that can be assumed at any one time. Property tax increment revenues provide the bulk of the Agency’s funding that can be invested for infrastructure and other Project Area improvements—without which private investment could not be expected. Tax increment financing allows the Agency to borrow against the projected property tax increment revenues by issuing bonds or other debt service obligations to finance Project Area improvements, and to expand the supply of affordable housing. The Agency’s ability to borrow is based on the assumption that future property values will increase. The projected tax increment revenues for four of the County’s five Project Areas do not allow the Agency to issue bonds and invest the proceeds of those bonds in Project Area improvements. The bond sale proceeds are forms of borrowing against projected tax increment revenues. When the Agency can issue bonds it will prioritize projects using state of readiness and effectiveness in addressing blight as the major criteria. Activities to be funded from bond proceeds will be coordinated with the County’s Capital Improvement Program. It is important to note that the tax increment projections incorporated into this Implementation Plan assume that property values will be constant even with Project Area improvements. This flat line projection of property values adjusts to the recession that we are currently experiencing, led by falling real estate prices. The anticipated Project Area improvements should keep land values steady rather than in decline. The property value assumptions utilized by Fraser & Associates are a significant departure over past Redevelopment Agency and Implementation Plan assumptions that land values will always increase at an annual rate of 6 to 8 percent. In addition, the Agency will use its powers of tax increment financing to leverage other sources of funding to achieve each Project Area’s goals and objectives. Additional funding may be leveraged from grants and loans, interest, property leasing, or developer impact fees. The types of economic development assistance that the Agency can deliver through tax increment financing and the leveraging of other resources are listed below. Transportation, circulation and parking improvements; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 12 Land cost write-downs or the issuance of below market land leases to Project Area businesses; Off-site improvements to facilitate business expansion; Construction financing assistance; Purchasing of undeveloped land parcels and existing commercial buildings; Clean up of contaminated land parcels and buildings; Establishment of a business loan program that could be used to finance façade or other commercial real estate improvements; Providing low-interest loans or tax exempt financing to reduce business expansion financing costs through certificates of participation, lease revenue bonds, industrial development bonds or various forms of tax-exempt notes. The Agency’s powers of tax increment financing encourages real estate improvements to be implemented through public/private partnerships that achieve both the public goals of the Agency and the goals and needs of the private sector. For example, the Agency can finance the cleanup of a site, or make off-site improvements that are not feasible to privately finance. The Agency can then achieve its Project Area goals and earn a positive financial return on investment by entering into a public/private partnership agreement with a private developer to develop or redevelop a site. Current economic conditions limit the use of tax increment financing The ability to borrow against future tax increment revenues is severely constrained by the national and state recession, and the unprecedented decline of real estate values within four of five Redevelopment Project Areas administered by the Contra Costa RDA. For decades, Redevelopment Agencies and local governments have fiscally benefited from non-stop increases in the assessed value of residential and commercial properties. There have been times when Agencies could anticipate a 6 to 8 percent per year increase in assessed values. The past expansion of property values easily leads one to conclude that such increases would continue. Any assumption about non-stop increases of real estate values fundamentally changed during the Fall of 2008, when the recession became visible and some of the nation’s most important financial institutions were either dissolved or placed under Federal receivership. Since that time, housing prices are in steep decline, millions of jobs have disappeared, trillions of dollars of household net worth has been lost, and Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 13 housing foreclosures have become a significant economic and social problem. And it is unknown when national economic conditions will improve, when consumers will resume spending, or when banks will resume lending. Consequently, Contra Costa County’s economy is under a cloud of uncertainty. Due to declining real estate prices, the Agency’s tax increment revenues are projected to stagnate or decline during the next five years. This unprecedented change in the real estate market will limit the Agency’s ability to borrow to make improvements during the next five years. 1.9 STATE OF CALIFORNIA PROPOSED TAKE OF REDEVELOPMENT REVENUE On July 24, 2009, the State Legislature passed Assembly Bill (AB) 26 4x, which requires all redevelopment agencies to deposit a total of $2.05 billion of property tax increment in county “Supplemental” Educational Revenue Augmentation Funds (SERAF) to be distributed to meet the State’s Proposition 98 obligations to schools. The SERAF revenue shift will be made over two years: $1.7 billion should be deposited in fiscal year 2009-2010 and $350 million should be deposited in fiscal year 2010-2011. The SERAF would then be paid to school districts and the county offices of education which have students residing in redevelopment project areas, or residing in affordable housing projects financially assisted by a redevelopment agency, thereby relieving the State of payments to those schools. The Contra Costa County Redevelopment Agency’s share of this revenue shift is approximately $6.3 million in fiscal year 2009-2010 and $1.3 million in fiscal year 2010-2011. Payments are to be made by May 10 of each respective fiscal year. In response to AB 26 4x, the Agency has reprogrammed funds from previously funded initiatives in order to make the required payments. On October 20, 2009, the California Redevelopment Association (CRA) together with two redevelopment agencies have filed a lawsuit in Sacramento Superior Court challenging the constitutionality of AB 26x 4. The lawsuit asserts that the transfer of property tax increment to the SERAF is not permitted under Article XVI, Section 16 of the California Constitution. The complaint also asserts impairment of contract and gift of public funds arguments. The Implementation Plan expenditure plans do not include the SERAF obligation because the Agency believes it to be unconstitutional. * * * Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 14 The Rodeo Project Area includes a mix of single-family homes, commercial strips, an Old Town area, former industrial buildings, and a waterfront location with an old marina that needs new investment. Rodeo is also the location of a ConocoPhillips Oil Refinery that is located outside of the Project Area but influences the community’s character. Many of the commercial buildings within the Project Area are vacant and have been underutilized for a long period. A number of the Old Town area’s commercial buildings have become substandard, and the deteriorating structures are in need of new investment. In addition, large parts of the Project Area have antiquated public infrastructure and lack neighborhood amenities such as sidewalks, gutters, and curbs. 2.1 AGENCY’S ACCOMPLISHMENTS SINCE FY 2003/04 RODEO NON-HOUSING ACTIVITIES The Agency has funded many improvement projects and activities in Rodeo that were designed to improve public safety, infrastructure, urban design, and access to affordable housing. Some projects and programs were completed, while other projects and activities are ongoing, and efforts will be continued during the current Implementation Plan period. The Agency’s accomplishments during the past five years are described below. The 650-acre Rodeo Redevelopment Project Area was established in 1990. 22 RRooddeeoo PPrroojjeecctt AArreeaa IImmpplleemmeennttaattiioonn PPllaann Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 15 • Completed the planning, design and construction of the Parker Avenue improvements including placing utilities underground and reconstructing Parker Avenue from 7th Street to San Pablo Avenue; • Collaborated with Public Works to plan the funding of ongoing public improvement maintenance efforts; • Funded the development of a website that identifies available sites for residential or business uses, and promotes economic development in Rodeo; • Completed marketing materials to be used for business attraction and retention; • Initiated the Rodeo Town Square Mixed-Use Plan, including a programming study, planning process, site acquisition, developer procurement, and preparation as a downtown revitalization catalyst project; • Continued a Façade Improvement Program that offers rebates and low interest loans for business and property owners in Rodeo to improve storefronts and commercial building façades; • Established a Community Preservation-Abatement and Revolving Loan Fund; • Sold Bonds in 2007 to continue improvements to the Rodeo Redevelopment Area; • Rehabilitated the façade of 189/199 Parker Avenue, which houses the Rodeo Senior Center, the sheriff substation and the local jobs program; • Supported the construction of new and affordable housing; • Worked with the R-10 Citizen’s Advisory Committee and the Contra Costa County Department of Public Works to conduct a Rodeo Creek Watershed Study; • Initiated discussions with Public Works to design, plan, and execute a comprehensive infrastructure program for downtown/waterfront Rodeo. 2.2 PROJECT AREA GOALS AND OBJECTIVES The Project Area’s long-term goals, which were established during the Plan adoption, are intended to guide Agency actions toward reducing physical and economic blight. These goals will continue to guide the direction of all future development through 2030. The Agency’s long-term goals and the five-year goals that will guide the Implementation Plan are listed below. Long-Term Goals •Fund circulation and transportation improvements in appropriate locations in the Project Area; •Improve Project Area infrastructure systems; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 16 •Improve or replace inadequate utilities and other community facilities; •Upgrade existing older residential neighborhoods through rehabilitation of a substantial number of existing housing units, the facilitation of infill housing construction, and development of neighborhood amenities such as landscaping and parks; •Stabilize neighborhoods through the acquisition and the rehabilitation of foreclosed properties; •Stimulate new employment through the rehabilitation of existing structures in the Project Area. Five-Year Implementation Plan Goals and Objectives •Implement the Downtown/Waterfront Improvements in Rodeo’s historic area; •Create a business attraction marketing program; •Improve Rodeo’s entryways and other community amenities; •Continue to facilitate career development programs for Rodeo residents, industries, and businesses; •Plan the redevelopment of specific infill sites; •Initiate a commercial/retail attraction program for underutilized sites; •Preserve and improve the existing housing stock through the Redevelopment Housing Rehabilitation Loan Program. 2.3 PROJECTED REVENUES AVAILABLE TO FUND NON-HOUSING IMPROVEMENTS The Agency can collect a maximum of $125 million in tax increment revenue over the life of the Redevelopment Plan and issue $60 million of outstanding debt through the sale of bonds and other loans at any one time. Project improvement activities will be allowed through 2031, after which the Redevelopment Plan will expire (See Figure 2-1). The revenues that will be available to fund non-housing improvements in the Rodeo Project Area are described below. [This space intentionally left blank] Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 17 FIGURE 2-1 Rodeo Project Area Fiscal Limits Plan Adoption...............................................................................July 10, 1990 Year that Plan was Last Amended................................................2006 Expiration date to Start Eminent Domain ......................................July 10, 2014 Time Limit for Project Activities.....................................................July 10, 2030 Debt Repayment...........................................................................July 10, 2041 Plan Effectiveness........................................................................July 10, 2031 Cumulative Tax Inc.......................................................................$125,000,000 Bond Debt Limit ...........................................................................$60,000,000 Data Source: Contra Costa County Redevelopment Agency Projected Tax Increment Revenues Tax increment revenues have been and will continue to be the primary source of revenue available to the Agency to fund improvement projects and activities. Fraser & Associates projects that the Rodeo Project Area will earn $1.03 million of net tax increment revenues during FY 2009/10, but the revenues will significantly decline to approximately $860,000 during FY 2010/11(See Figure 2-2).11 Given the lack of property value appreciation, the net tax increment revenues will stagnate during the remainder of the IP period. Consequently, only $4.5 million of cumulative tax increment revenues are anticipated to accrue to the Agency through FY 2013/14. Other Revenue Sources Other revenue sources available to the Agency to make Project Area improvements in Rodeo include $10.3 million of unexpended capital proceeds and bond balances plus a small amount of interest earned on the unexpended funds. The Agency does not anticipate issuing any new bonds to fund Project Area improvements during the next five years. In addition, no additional sources of grant funding or developer fees are included in the revenue projections. 11 The net tax increment estimates represent the revenue that will remain with the Agency after debt service payments, pass through payments, administration fees, and other Agency obligations have been met. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 18 Debt Service on Past Non-Housing Improvements In order to fund Project Area improvements with bond proceeds the Agency is obligate to commit approximately $760,000 per year to service the debt of past borrowing for non-housing Project Area improvements. Total Revenues Available to Fund Non-Housing Improvements The unexpended capital proceeds and bond balances provide the Rodeo Project Area with capital to fund Project Area improvements during the next five years. By FY 2013/14 the Agency can anticipate $11.3 million of revenues available from all sources to fund Rodeo’s Project Area improvements. FIGURE 2-2 Project Revenues Available to Fund Non-housing Improvement Projects in the Rodeo Project Area FY 2009/10 to 2013/14 ($ Thousand) FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 TOTA L Total Tax In c rem en t $1,990 $1,718 $1,742 $1,765 $1,789 $9,004 Housing Set-Aside $363 $307 $311 $314 $318 $1,613 33676 Adjustment $176 $182 $188 $194 $201 $941 Property Tax Administrative fees $19 $16 $16 $17 $17 $85 AB 1290 tax sharing $0 $0 $0 $4 $9 $13 Taxing Entity Share $405 $352 $358 $363 $368 $1,846 Net Tax In crement Rev enu es $259 $97 $104 $107 $111 $678 A ddi t i onal Revenues Unexpended Capital and Available Bond Proceeds (2) $10,284 $0 $0 $0 $0 $10,284 New Bonds Anticipated for Non-Housing $0 $0 $0 $0 $0 $0 Interest Earnings on Capital Funds $65 $65 $65 $65 $65 $325 Other Revenue Sources $0 $0 $0 $0 $0 $0 Debt Service Paid from Non-Housing Fund $768 $764 $765 $766 $765 $3,828 Tot al Revenu es A v ailab l e t o Fu nd No n- Hou sin g Pro ject s an d Activi ties $10,610 $160 $170 $170 $180 Cumu l at i v e Revenu es A v ailabl e to Fu nd Non-Housin g Proj ec ts and A c ti vi ties $10,610 $10,770 $10,940 $11,110 $11,290 $11,290 Data Sou rce: Fraser and Associates and CCRDA Analysis : Wahlstrom & Associates Notes - Data is rounded to the nearest $1,000. Cumulative revenues are rounded to the nearest $10,00 - Other Revenue Sources may include grants and loans, revenues from the lease of Agency owned property, and developer fees 2.4 PROJECTED FIVE YEAR NON-HOUSING PROJECTS AND ACTIVITIES The Agency will form partnerships with property owners and potential investors to reduce blight and realize the Rodeo Redevelopment Plan goals and objectives. Land development assistance will be provided through business incentives, loans, land write-downs, and other tools that can reduce the cost of business operations. The Agency will pursue grant applications to help the Agency implement the Redevelopment Plan. The agency will also encourage projects and activities that expand the job base and improve the quality of life for residents. Projects and activities that the Agency may fund during the next five years are listed below. •Continue to upgrade public infrastructure in the Project Area, and develop a strategic plan to fund the maintenance of public infrastructure improvements such as roads, drainage, utilities and parks; •Continue utilizing the P-1 Rezoning Program to improve consistency between the General Plan and the Zoning Ordinance, streamline the permitting process, and encourage orderly growth and enhancement of the character of Rodeo's Old Town; •Offer low interest loans and other forms of financial assistance for property owners in order to improve their storefronts and commercial building façades, and to improve the community’s substandard and unsafe structures that must be brought up to code to ensure the health and safety of the community; •Maintain the Agency website to promote economic development in Rodeo; •Continue to implement the Rodeo Waterfront/Downtown Specific Plan; •Complete an assessment of the environmental, regulatory, and economic constraints to redeveloping the Rodeo waterfront area; •Continue environmental testing in the Project Area where appropriate and necessary; •Continue to pursue waterfront improvement agreements with property owners, businesses, Contra Costa County, the East Bay Regional Park District, and other local and regional agencies; •Continue to support the Town Square Mixed-Use project by identifying and selecting a master developer, funding public improvements, and providing financial support for pre-development and site preparation; Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 19 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 20 •Continue efforts to attract private developers who may invest in the community and help implement the Project Area goals and objectives; •Continue to support community-based efforts to prevent crime, empower youth, and revitalize the neighborhood, including the consideration of interim financial support for a resident Sheriff Deputy. 2.5 PROJECTED FIVE-YEAR NON-HOUSING EXPENDITURES The Agency anticipates spending $11.3 million on improvement projects between FY 2009/10 and FY 2013/14 Expenditures will be targeted for the following types of projects and activities: Capital Projects: Projects and activities within this category include utility, road and other infrastructure improvement projects, urban design and streetscape improvements, property acquisition and site improvements particularly related to public/private real estate development partnerships, transit-oriented and mixed-use facilities, and other physical development projects. Community Improvement Activities: Projects and activities within this category include parks & recreation, beautification programs, hazardous waste and other garbage remediation programs, code enforcement support, and other initiatives that enhance the appearance of the Project Area as well as the quality of life for residents. Economic Development Promotion: Projects and activities within this category include job creation and retention initiatives; policies or programs that enhance the local economy; marketing programs; and other promotional projects, events, or activities. Planning Activities: Projects and activities within this category include those that implement, modify or enforce zoning and land use policies, design future capital improvement projects, strategize economic development and community improvement programs, and plan for urban design and streetscape improvements. Unallocated Expenditures: The Agency intends to reserve $655,400 of unallocated expenditures to fund future improvement projects. [This space intentionally left blank] FIGURE 2-3 Estimates of Future Non-housing Expenditures in the Rodeo Project Area FY 2009/10 to 2014/15 Pr o j ec ts and Activit i es Pr ojec ted Ex pend i tures Capital Projects........................................................... $3,674,200 Community Improvement Activities.............................. $164,300 Economic Development Activities................................ $6,471,000 Planning Activities....................................................... $325,100 A nt icip at ed Exp en ditu res b y Category $10,634,600 Unallocated Expenditures............................................ $655,400 Tot al A nti cipat ed Exp en di tu res $11,300,000 Data Source: Contra Costa County Redevelopment Agency Analys is: Wahlstrom & Associates 2.6 LINKAGE BETWEEN PROJECT AREA IMPROVEMENTS AND BLIGHT REDUCTION IN RODEO At the time of plan adoption, the Rodeo Project Area was characterized by numerous physical and economic blighting conditions that included obsolete, vacant, dilapidated, and deteriorated buildings; inadequate infrastructure and public improvements; open storage of abandoned equipment and vehicles; poor traffic and circulation patterns; and residential and industrial land-use conflicts. These blighting conditions created a “self-perpetuating” condition of declining property values that makes it difficult to attract new business investment. A significant amount of blight remains in the Rodeo Project Area even though the improvements and activities funded by the Agency have made significant strides towards breaking this cycle of disinvestment. The Agency continues to face many challenges to reduce blighting conditions such as properties with hazardous materials, the continued presence of unsafe and unhealthy buildings, inadequate public improvements in the downtown/waterfront area, and incompatible land uses. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 Accordingly, tax increment financing continues to present the most realistic long-term financing vehicle for removing blight in Rodeo given the cost associated with improvement projects and activities. The Agency’s proposed programs and expenditures will help reduce Project Area blight. Projects and activities that will identify and remove hazardous materials will help make the area safe for new business investment. Economic development and business assistance initiatives like the Façade Improvement Program will also support private investment and an improved building stock. The Community 21 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 22 Preservation-Abatement and Revolving Loan Program will address unsafe and unhealthy buildings by enabling rehabilitation. The P-1 Rezoning Program will help eliminate blight caused by incompatible land uses. Finally, the variety of road and streetscape improvements will address the lack of public improvements in Old Town Rodeo. 2.7 AFFORDABLE HOUSING PROJECTS AND ACTIVITIES RODEO AFFORDABLE HOUSING PLAN The Agency’s housing activities for the past five years are described below, followed by a discussion of planned activities and expenditures for the next five years. Accomplishments Since Adoption of the 2004/05 Implementation Plan (FY 2004/05 to FY 2008/09) During the past five years, the Agency continued to work with private developers interested in residential, mixed-use, and commercial development within the Rodeo Project Area. In 2006, the Agency completed the assemblage of property for a mixed-use project referred to as the Town Plaza. Approximately $1.9 million has been expended to purchase the site. In April 2007, staff initiated a Request for Qualifications/Request for Proposals for the Development of a mixed-use Town Plaza site that includes 24 residential units. The Olson Company submitted a proposal and was selected to implement the project. However, the Olson Company was unable to finance the project due to the recession, and negotiations were terminated. Consequently, no Disposition and Development Agreement (DDA) has been signed, and project implementation is delayed until housing market conditions improve. In addition, the Agency has worked with a developer proposing to build 17 units in the Project Area (Laurel Court Estates). The Agency is not providing financial assistance to this project and none of the units are planned to be affordable. However, the developer will be subject to an in-lieu housing fee pursuant to the County’s Inclusionary Housing Ordinance.12 In 2007-2008, Agency staff and the Building Inspection-Neighborhood Preservation Program developed and began implementing a housing rehabilitation program within the Rodeo Project Area. 12 The two potential developments are included in the projections of housing production, which are discussed later. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 23 Revenues Available to fund Affordable Housing Projects and Programs The Agency is projected to have approximately $3.3 million in housing set-aside funds and fund balance available to support affordable housing projects within the Rodeo Project Area during the five-year period, as shown in Figure 2-4. Another $3.7 million of bond proceeds are reserved. This gives the Agency approximately $7 million of funding available for affordable housing projects and programs. The Housing Fund resources are used by the Agency to facilitate the expansion, improvement, and preservation of the affordable housing supply within the Project Area. FIGURE 2-4 Low and Moderate Income Housing Fund Summary YEAR AMOUNT Balance, August 2009............ $1,672,100 2009-2010............................... 363,000 2010-2011............................... 307,000 2011-2012............................... 311,000 2012-2013............................... 314,000 2013-2014............................... 318,000 Unexpended Bond Proceeds $3,703,800 Tot al $6,988,900 Sourc e: Contra Costa Redevelopment Agency and Fraser & Associates A n al y si s: Vernazza Wolfe Associates Planned Housing Activities, FY 2009/10 to 2013/14 The Agency’s housing plans for the Rodeo Project Area over the next five years constitute a continuation of past activities and priorities, as well as initiation of new programs. The specific goals and objectives to implement the Redevelopment Plan are listed below. •Monitor and provide support as appropriate for private development within the Project Area; •Initiate the Rodeo Town Square Mixed-Use Plan, including a planning process, site acquisition, and preparation as a downtown revitalization catalyst project; •Implement affordable housing programs such as the housing rehabilitation program or an affordable housing component of the Town Square Mixed-Use project; •Seek to acquire and/or rehabilitate existing multifamily properties to maintain existing affordability; •Complete the collateral materials to market residential sites in the Rodeo Redevelopment Project Area and develop marketing tools including a land database available to interested parties via the Internet. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 24 Projected Housing Expenditures, FY 2009/10 to 2013/14 The estimated expenditures for future housing activities are shown in Figure 2-5. The planned programs are described below. Housing Rehabilitation Loan Program The establishment of a Housing Rehabilitation Loan Program for low and moderate-income owner-occupied residential properties in Rodeo is a stated Agency goal. The Agency is now funding a housing rehabilitation loan program targeted for households with less than 120 percent of the Area Median Income (AMI). Loans to low-income households will be made to improve interior and exterior conditions that cause a unit to fail housing quality standards and threaten the health and safety of the occupants. The program, which is administered by the Building Inspection Neighborhood Preservation Program, offers loans with interest rates that range from zero to three percent simple interest depending on household income. The program was recently initiated and the Agency has reserved $1.9 million for housing rehabilitation loans over the next five years. Homebuyer Assistance-Foreclosed Properties The Agency is developing a program to acquire foreclosed homes in Rodeo and other Project Areas. The Program may work in coordination with the Neighborhood Stabilization Program (NSP), which is funded by the Department of Housing and Urban Development and administered by the Contra Costa County Department of Conservation and Development. The County plans to use the NSP funds to acquire foreclosed properties, rehabilitate the homes where needed, and then resell to other homebuyers. NSP funds may also be used to assist with closing costs, down payments, and land banking for future development. The Agency has reserved more than $300,000 to supplement the federal funds allocated for assisting the owners of foreclosed properties. Housing Development Fund The Agency has programmed $1.6 million to be used to assist in the development or acquisition and rehabilitation of affordable housing. Town Plaza Mixed-Use Development The Agency has programmed approximately $2.4 million to support the residential component of the planned Town Plaza mixed-use development. Unallocated Expenditures Nearly $800,000 of funds are unallocated, and the Agency’s decisions about future expenditures will be made at a later date. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 25 FIGURE 2-5 Projected Housing Expenditures in Rodeo Project Area FY 2009/10 to 2013/14 Pl anned Expen d itu r es Ho u s ing Progr am A mount Per c ent Housing Rehabilitation ..................................................$1,856,000 26.6% Homebuyer Assistance Foreclosed Properties ..............$322,800 4.6% Housing Development Fund ..........................................$1,613,900 23.1% Town Plaza Mixed Use Development ............................$2,420,800 34.6% Unallocated Expenditures .............................................$775,500 11.1% Tot al $6,988,900 100.0% So urce: Contra Costa Redevelopment Agency Analysis : Vernazza Wolfe Associates 2.8 AFFORDABLE HOUSING PRODUCTION PLAN This section describes the production of new housing in the Project Area and how the Agency is meeting its legal obligations to develop and rehabilitate additional affordable housing units. The Agency’s efforts to develop new affordable housing units are guided by the County’s most recently adopted Housing Element, the County’s regional fair share housing needs allocation and various County policies and programs that promote affordable housing.13 Within this context, the Rodeo Project Area is mostly built out. Only a few infill housing units are constructed each year, and only two small (25 units or less) development projects are planned. The Agency has made good progress with producing affordable housing units in Rodeo. The Agency has complied with the housing production requirements, and, in fact, more affordable housing units have been developed than required by redevelopment law. At the beginning of the Implementation Plan period, there was a surplus of 36 affordable units overall, with 12 of these units for very low-income households. As shown in the bottom row of Figure 2-6, at the beginning of 2008/09, there was still a projected surplus of affordable units (30 total affordable units with 10 for very low-income) based on production through 2008/09, the end of the Implementation Plan period. 13 The County submitted its Draft Housing Element Revised in Response to HCD Comments in June 2009. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 26 FIGURE 2-6 Housing Production and Affordable Housing Obligation in Rodeo TOTALS FOR PERIOD Through FY 2003/04 FY 2004/05 FY 2005/06 FY 2006/07 FY 2007/08 FY 2008/09 FY2009/10- FY2013/14 (Projected) Beginning FY 2008/09 FY2004/05 to FY2013/14 (a) Total Over Life of Plan (b) Percent Ho u s i n g Pro ducti on i n Pro j ec t A rea (c ) New Units 157 25 4 4 4 1 42 195 80 257 Substantial Rehabilitation 30 0 0 0 0 2 10 32 12 62 Total 187 25 4 4 4 3 52 227 92 319 CRL A ffordab l e Housing Obligat i on (d) Very Low 12 2 1 1 1 1 4 14 6 20 6% Very Low, Low or Moderate 29 4 1 1 1 1 8 35 14 48 15% Pro d uctio n of A ffo rdab l e Housing (Actu al t hr u 2007/08) (e) Very Low 2400000 224 226 Very Low, Low or Moderate 65 0 0 0 0 0 4 65 4 69 Af fordable Pr oducti on Sur pl us (Def i c i t) (f) Very Low 12 (2) (1) (1) (1) (1) (2) 10 (4) 6 Very Low, Low or Moderate 36 (4)(1)(1)(1)(1)(4)30 (10)21 Notes: Percentages may not add exactly due to rounding. CRL affordable housing production requirements are rounded up to the nearest whole unit. a. As required by CRL, total units over ten year compliance period (Section 33490(a)(2)(B)). b. As required by the CRL, total units over the life of the Redevelopment Plan (Section 33490(a)(2)(B)). Includes projected production after 2013/14. c. Total units produced in the Project Area during the specified time period. d. Number of affordable units required based on units produced. Affordable housing production obligation for non-Agency developed housing requires 15% of total units to be available at affordable cost. Of those units, at least 40% must be affordable to very low income households (6% of the total units). Agency developed housing has higher inclusionary requirements. The Agency has not, and does not anticipate, directly developing units. e. Number of units satisfying CRL affordable housing production obligation. Affordable units produced outside Project Area counted on a one for two basis. f. Remaining affordable housing surplus or obligation at the end of the period. Source: Contra Costa Redevelopment Agency Analys is: Vernazza Wolfe Associates [This space intentionally left blank] Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 27 Figure 2-6 shows projected housing production for the next five years and over the life of the Redevelopment Plan. Depending on how development activity proceeds over the next five years, there may be a temporary deficit in the required affordable units for the ten-year period ending 2013/14. However, over the life of the Redevelopment Plan, the Project Area is expected to meet its housing production requirements with a surplus in required affordable units. Historical Housing Production and Affordable Housing Obligations Housing production in the Project Area is summarized in Figure 2-6. During the past five years (FY 2004/05 through FY 2007/08), 38 housing units were built in the Project Area. None of these units are affordable units. Most of the housing production in the Project Area occurred earlier (157 new units and 30 substantially rehabilitated units).14 Of these units, 65 were affordable units, of which 24 were affordable to very low-income households. Future Housing Production The Laurel Court Estates development (17 housing units) has been approved. It is expected that development will be delayed until economic conditions improve and the developer is able to obtain financing. The developer plans to pay the County’s Inclusionary Housing in-lieu fee rather than including affordable units in the project. This is expected to produce a shortfall of affordable units for the Project Area for the year. However, the surplus of affordable units from earlier years will compensate for this shortfall. Projections for future housing production in the Project Area through 2013/14 (42 units) include the 24 housing units that would be part of the proposed Town Plaza development and the Laurel Court Estates units (17 units). The projections assume that the Town Plaza project would meet its affordable housing obligations by including at least the minimum number of affordable units (four units). 2.9 REPLACEMENT HOUSING REQUIREMENTS The Agency is required to replace within four years after removal any housing units in the Project Area that have been removed. No housing units in the Project Area have been removed, and there are no planned 14 2004/05 Implementation Plan. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 28 projects that would require replacement units. However, if future projects result in relocation and removal, the Agency will prepare a replacement housing plan to ensure that it meets its obligations. 2.10 TARGETING RODEO’S HOUSING FUND EXPENDITURES There are two requirements regarding targeting of housing fund expenditures, one related to the income groups served and one to age. Targeting Low- and Very Low-Income Households Through 2004-05, the Agency spent $437,600 of its Housing Fund to assist the production of affordable housing.15 All of these funds were used to assist development of the Rodeo Senior Housing project (51 units). There have been no other expenditures to assist in the development of affordable housing in the Project Area. This expenditure, which has benefited very low-income seniors, represents 100 percent of the housing funds to assist housing production in the Project Area, and exceeds the required 39 percent indicated in Figure 1-2 that represents the target percentage for assistance to very low-income households based on the RHNA numbers for the County. Through 2008-09, the Agency spent an additional $796,600 in housing funds for the Town Plaza development, bringing the total spent to approximately $1.2 million. Thirty-nine percent of the expenditures have been for very-low-income households, with 55 percent for low-income households. Thus, the Agency meets CRL’s targeting requirements to expend at least 39 percent of the available funds for low-income households, and 28 percent for very-low-income households. Targeting Non-Seniors During the past five years, the housing expenditures have been targeted for non-seniors. However, prior to 2005, nearly all of the Agency’s Housing Fund expenditures provided financial assistance to the Rodeo Senior Housing project. Thus, the Agency expended nearly 35 percent of the available affordable housing funds for seniors, somewhat exceeding the 30 percent targeting requirement. The Agency anticipates being in compliance by 2014, after financial assistance is provided to develop the new Town Plaza housing units. 15 2004/05 Implementation Plan. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 29 Furthermore, redevelopment law allows an Agency to meet its age-related targeting requirement in combination for all project areas. Combining housing assistance expenditures for all five project areas, less than five percent have been for senior households—thus not exceeding the allowed targeted percentage of 30 percent. * * * Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 30 The neighborhood is located in an attractive natural setting with direct views to San Pablo Bay; it can be accessed from Interstate 80 through the Richmond Parkway, and from San Pablo Avenue through Kay Road, Shamrock Avenue, and Tara Hills Drive. The housing stock includes small single family homes, and a mobile home park. The neighborhood lacks commercial services, which consists of a visually unappealing self-storage facility along San Pablo Avenue and a gas station anchored retail strip center. Walgreen's, which is located on the outskirts of the project area, functions as the neighborhood general merchandise store. 3.1 AGENCY’S PAST NON-HOUSING ACCOMPLISHMENTS AND EXPENDITURES The Montalvin Manor Project Area has been established for less than six years and it takes time for the Agency to accumulate funds and actually make Project Area improvements. The Agency has completed a number of planning, fund raising, and project implementation accomplishments since the Redevelopment Plan was adopted in 2003; these are listed below. The 211-acre Montalvin Manor Redevelopment Project Area was established in 2003. The community is bounded by the Union Pacific Railroad tracks to the north, San Pablo Avenue to the south, Pinole’s Tara Hills/Bayview community to the east, and the City of Richmond to the west. Formatted: Font color: AutoFormatted: Body Text, Line spacing: single 33 MMoonnttaallvviinn MMaannoorr PPrroojjeecctt AArreeaa IImmpplleemmeennttaattiioonn PPllaann •Completed the Redevelopment Plan adoption process; •Completed the Pedestrian and Transit Access Improvement Planning Strategy; •Restructured an Advisory Committee to help with decision making for various planning efforts; •Secured County Regional Transportation for Livable Communities funds to make pedestrian and transit accessibility improvements along San Pablo Avenue and Kay Road; •Facilitated the creation of a new drop off point that connects Kay Road and Rachel Road with Montalvin Manor Elementary School; •Completed a Planned-Unit District (P-1) Rezoning and established a Building Permit Amnesty Program to aid and alleviate Code Enforcement issues; •Completed installation of bicycle route signage along San Pablo Avenue between Tara Hills Drive and the Richmond Parkway; •Budgeted funds for future projects, including the Montalvin Park Lighting and Landscape District, Montalvin Park Improvements, San Pablo Avenue and Kay Road Sidewalk Improvements, and Montalvin Sidewalk/frontage Improvements; •Established a Redevelopment Housing Rehabilitation Loan Program; •Funded the legal steps to establish a maintenance assessment district; •Issued bonds and invested the proceeds of those bonds (approximately $2.9 million) in Project Area improvements; •Created a volunteer effort to raise funding from the existing community groups and local volunteers. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 31 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 32 3.2 PROJECT AREA GOALS AND OBJECTIVES The Project Area’s long-term goals, which were established during the Plan adoption, are intended to guide Agency actions toward reducing physical and economic blight, and they will continue to guide the direction of all future development through 2033. The Implementation Plan also establishes five-year goals that complement the long-term goals and objectives listed below. LONG TERM REDEVELOPMENT AND COMMUNITY IMPROVEMENT GOALS •Eliminate or improve substandard and other buildings that conflict with the County General Plan and other County standards and guidelines; •Install public improvements and utilities in parks, community centers, and schools and other public spaces within the Project Area; •Expand housing affordability through rehabilitation and new construction to create residential opportunities for all segments of the community, including low and moderate-income households; •Develop a strong commercial incentive program to encourage an upgrading of commercial buildings and to attract new commercial users in the area; •Make improvements to promote walking and the use of bicycles; •Adopt improvement projects and programs to expand employment opportunities for Project Area residents; •Improve traffic and vehicular circulation; •Improve parking conditions; •Strengthen pedestrian and bike access; •Improve the overall image of Montalvin Manor; •Initiate access to public transit; •Develop opportunity sites; •Improve community infrastructure; •Ensure community involvement in the redevelopment process. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 33 FIVE-YEAR IMPLEMENTATION PLAN GOALS AND OBJECTIVES The Agency will undertake projects and activities, and will partner with property owners and potential investors to implement projects during the next five years in order to reduce blight and achieve the long-term goals and objectives. Land development assistance will be provided through business incentives, loans, land write-downs, and other tools that can reduce business costs. The Agency will also apply for grants when so doing furthers the Redevelopment Plan. Projects and activities that the Agency may help fund during the five year Implementation Plan period, which are intended to expand the job base and improve area resident’s quality of life are listed below. •Continue the Community Information Program and community meetings to educate and update residents about redevelopment tools and processes; •Continue to work with the Redevelopment Advisory Committee to develop a long-term strategic plan for achieving Redevelopment Plan goals; •Continue to work with the County to fund the rehabilitation and upgrading of community park & recreation facilities including improvements such as bathrooms, lighting, landscaping, drainage, and building improvements; •Continue to work with the County and City of Richmond to create/improve sidewalks along San Pablo Avenue and Kay Road that will improve pedestrian and transit safety accessibility; •Work with the City of Richmond and the West Contra Costa Unified School District to improve sidewalks, the Kay Road entryway, and other entryways into Montalvin Manor Elementary School; •Work on projects that will implement the Montalvin Manor Pedestrian and Transit Access Improvement Strategy; •Continue to work with the County in implementing Code Enforcement including the Amnesty Program to legalize illegal building activity; •Improve neighborhood-parking options; •Attract new commercial businesses and encourage the development of new commercial real estate on vacant and/or underutilized properties at the intersection of Tara Hills and San Pablo Avenue. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 34 3.3 PROJECTED REVENUES AVAILABLE TO FUND NON-HOUSING IMPROVEMENTS The Agency can issue $50 million of outstanding debt through the sale of bonds and other loans at any one time. Project improvement activities will be allowed through 2034, after which the Redevelopment Plan will expire (See Figure 3-1). The revenues that will be available to fund non- housing improvements in the Montalvin Manor Project Area are described below. FIGURE 3-1 Montalvin Manor Project Area Fiscal Limits Plan Adoption...............................................................................................July 8, 2003 Year that Plan was Last Amended................................................................2006 Expiration date to Start Eminent Domain......................................................July 8, 2015 Debt Repayment..........................................................................................July 8, 2049 Plan Effectiveness........................................................................................July, 8 2034 Cumulative Tax Inc.......................................................................................Not Required Bond Debt Limit............................................................................................$50,000,000 Data So u rce: Contra Costa County Redevelopment Agency Projected Tax Increment Revenues Tax increment revenues have been and will continue to be the primary source of revenue available to the Agency to fund improvement projects and activities. Fraser & Associates projects that the Montalvin Manor Project Area will earn $112,000 of net tax increment revenues during FY 2009/10, but the revenues will significantly decline to $35,000 during FY 2010/11. Given the lack of property value appreciation, the net tax increment revenues will stagnate during the remainder of the IP period. Consequently, the Agency can anticipate accruing only $252,000 of cumulative tax increment revenues that can be reinvested for non- housing improvements through FY 2013/14 (See Figure 3-2).16 In contrast, the current Implementation Plan projected $1.7 million of cumulative tax increment revenues that the Agency could use to fund Montalvin Manor’s non-housing improvements between FY 2004/05 and FY 2008/09.17 The recession and the decline of property values that 16 The net tax increment estimates represent the revenue that will remain with the Agency after pass through payments, administration fees, and other Agency obligations have been met, not counting debt service. 17 See Contra Costa County Implementation Plan FY 2004/05 to FY 2008/09. Table IV-2 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 35 started in 2007 will reduce the revenues available to fund Project Area improvements during the next five years. Other Revenue Sources Other revenue sources available to the Agency to make Project Area improvements in Montalvin Manor include $1 million of unexpended capital project fund bond proceeds, plus a small amount of interest earned on the unexpended funds. The Agency does not anticipate issuing any new bonds to fund Project Area improvements during the next five years. In addition, no additional sources of grant funding or developer fees are included in the revenue projections. Debt Service on Past Non-Housing Improvements In order to fund Project Area improvements with bond proceeds the Agency is obligated to commit $130,000 per year to service the debt of past borrowing for non-housing Project Area improvements. Borrow to Cover Negative Returns The negative debt service caused by declining property values and tax increment revenues will counter-balanced by other sources or from new bond revenues. Total Revenues Available to Fund Non-Housing Improvements The unexpended capital proceeds and bond balances provide Montalvin Manor with capital to fund Project Area improvements during the next five years. By FY 2013/14, the Agency can anticipate a cumulative total revenue of only $1.02 million to fund Project Area improvements. Montalvin Manor’s revenues will be reduced by the projected annual deficits during each year of the IP. [This space intentionally left blank] Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 36 FIGURE 3-2 Project Revenues Available to Fund Non-housing Improvement Projects in the Montalvin Manor Project Area FY 2009/10 to FY 2013/14 ($ thousand) FY 09/10 FY 10'11 FY 11/12 FY 12/13 FY 13/14 Tot al Total Tax Increment $187 $57 $57 $57 $57 $409 Housing Set-Aside $36 $11 $11 $11 $11 $80 33676 Adjustment $0 $0 $0 $0 $0 $0 Property Tax Administrative fees $2 $1 $1 $1 $1 $6 AB 1290 tax sharing $31 $10 $10 $10 $10 $71 Taxing Entity Share $0 $0 $0 $0 $0 $0 Net Tax Inc rem en t Rev en ues $112 $35 $35 $35 $35 $252 A d diti onal Revenues Unexpended Capital and Available Bond Proceeds $1,025 $0 $0 $0 $0 $1,025 New Bonds Anticipated for Non-Housing $0 $0 $0 $0 $0 $0 Interest Earnings on Capital Funds $11 $2 $2 $2 $2 $19 Other Revenue Sources $0 $0 $0 $0 $0 $0 A d dit i o nal Cos ts Debt Service on Past Non-Housing Improvements $130 $130 $130 $130 $130 $650 Total Revenues A vailab l e t o Fund No n -Hous i ng Pro jec ts and Ac tiv i t i es $1,020 ($93)($93)($93)($93) B o r r owi ng t o Co v er Negat iv e Return s $93 $93 $93 $93 Cumulativ e Revenues A vai l ab l e to Fu nd Non-Hou s in g Pro jec ts and Ac tiv i t i es $1,020 $1,020 $1,020 $1,020 $1,020 $1,020 Data Source: Fraser and Associates and CCRDA A n aly si s: Wahlstrom & Associates No tes Data is rounded to the nearest $1,000. Cumulative revenues are rounded to the nearest $10,000. Other Revenue Sources may include grants and loans, revenues from the lease of Agency owned property, and developer fees 3.4 PROJECTED FIVE YEAR NON-HOUSING PROJECTS AND ACTIVITIES The Agency will form partnerships with property owners and potential investors to implement projects, and will undertake projects and activities during the next five years to reduce blight and achieve the Montalvin Manor Project Area’s goals and objectives. Land development assistance will be provided through business incentives, loans, land write-downs, and other tools that can reduce the cost of business operations. Grant applications that help the Agency implement the Redevelopment Plan will be submitted. Projects and activities that expand the job base and improve the quality of life for residents will be Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 37 encouraged. Projects and activities that the Agency may fund during the next five-years are listed below. •Continue the Community Information Program and community meetings to educate and update residents about redevelopment tools and processes; •Develop a long-term strategic plan to implement the Redevelopment Plan goals through on-going collaborations with the Redevelopment Advisory Committee; •Fund the rehabilitation and upgrading of community parks & recreation facilities such as bathrooms, lighting, landscaping, drainage, and building facilities through ongoing collaborations with the County; •Improve pedestrian and transit safety accessibility by creating new and improving existing sidewalks along San Pablo Avenue and Kay Road through continued collaborations with the County and City of Richmond; •Improve sidewalks and entryways into Montalvin Manor Elementary School, primarily along Kay Road, through ongoing collaborations with the City of Richmond and the West Contra Costa Unified School District; •Implement the Montalvin Manor Pedestrian and Transit Access Improvement Strategy; •Implement Code Enforcement including the Amnesty Program to legalize unpermitted building activity; •Improve neighborhood-parking options; •Attract new commercial businesses and encourage the development of new commercial real estate on vacant and/or underutilized properties at the intersection of Tara Hills and San Pablo Avenue. 3.5 PROJECTED FIVE-YEAR NON-HOUSING EXPENDITURES The Agency anticipates spending $1 million on improvement projects between FY 2009/10 and FY 2013/14. Expenditures will be targeted for the following types of projects and activities: Capital Projects: Projects and activities within this category include utility, road and other infrastructure improvement projects, urban design and streetscape improvements, property acquisition and site improvements particularly related to public/private real estate Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 38 development partnerships, transit and mixed-use facilities, and other physical development projects. Community Improvement Activities: Projects and activities within this category include beautification programs, hazardous waste and other garbage remediation programs, code enforcement support, and other initiatives that enhance the appearance of the Project Area as well as the quality of life for residents. Economic Development Promotion: Projects and activities within this category include job creation and retention initiatives, policies or programs that enhance the local economy, marketing programs, and other promotional projects, events, or activities. Planning Activities: Projects and activities within this category include those that modify or enforce zoning and land use policies, design future capital improvement projects, strategize economic development and community improvement programs, and plan for urban design and streetscape improvements. Unallocated Expenditures: The Agency intends to reserve $450,700 of unallocated expenditures to fund future improvement projects. FIGURE 3-3 Estimates of Future Non-housing Expenditures in Montalvin Manor Project Area FY 2009/10 to FY 2014/15 Pr o j ects and A ctivi ti es Pr oj ect ed Ex pen di tu r es Capital Projects................................... $550,000 Community Improvement Activities ..... $14,100 Economic Development Activities........ $0 Planning Activities............................... $3,200 A n ti c i pated Exp endi tur es by Cat eg ory $567,400 Unallocated Expenditures ................... $450,700 Tot al Anti cipat ed Ex pend i t ures $1,018,000 Data Source: Contra Costa Redevelopment Agency A n aly si s: Wahlstrom & Associates 3.6 LINKAGE BETWEEN PROJECT AREA IMPROVEMENTS AND BLIGHT REDUCTION IN MONTALVIN MANOR Blighted buildings and underutilized and vacant properties that need new private investment characterized the Montalvin Manor Project Area at the time of plan adoption. The Agency’s actions since 2003 have been focused on the planning and fundraising efforts that will be needed to Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 39 eliminate blight. The Agency has not had enough time or funding to make much progress in alleviating blight thus far. The Agency’s capital projects will facilitate the redevelopment of blighted, underutilized, and vacant properties by investing resources in property acquisition, demolition, and site preparation, as well as public infrastructure projects. Community improvement activities will improve the supply and quality of community services, beautify the neighborhoods, rehabilitate the housing stock, and remove hazardous materials and garbage. Economic development promotion activities will help attract more private investment to the Project Area, which will help create new jobs and increase the local tax base and economy, all of which will counteract blighting conditions remaining in the Montalvin Manor Project Area. Accordingly, the projects and activities described in this Implementation Plan will help reduce and eliminate Project Area blight, consistent with the Redevelopment Plan Tax increment financing provides the most realistic long-term financing vehicle for removing blight in Montalvin Manor given the cost associated with improvement projects and activities. This source may be significantly impaired during the term of this IP. The Agency’s proposed programs and expenditures will help reduce Project Area blight. 3.7 AFFORDABLE HOUSING PROJECTS AND ACTIVITIES MONTALVIN MANOR AFFORDABLE HOUSING PLAN The Agency’s housing activities for the past five years are discussed below, followed by a discussion of planned activities and expenditures for the next five years. Accomplishments Since Adoption of the 2004/05 Implementation Plan (FY 2004/05 to FY 2008/09) During the past five years, Agency staff has worked on two major projects affecting housing, development of a housing rehabilitation program, and a code enforcement “Amnesty Program.” Agency staff and the Building Inspection-Neighborhood Preservation Program developed and implemented a housing rehabilitation program that can be used within the Montalvin Manor Project Area. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 40 Revenues Available to fund Affordable Housing Projects and Programs The Agency has approximately $476,500 in housing set-aside funds and the housing fund balance available to support affordable housing projects within the Montalvin Project Area during the five-year period as shown in Figure 3-4. Another $$233,000 of bond proceeds is also available for housing improvements. This leaves the Agency with approximately $709,500 to fund affordable housing projects and programs. The Housing Fund resources are used by the Agency to facilitate the expansion, improvement and preservation of the affordable housing supply within the Project Area. FIGURE 3-4 Low and Moderate Income Housing Fund Summary Year Amount Balance, June 2009....... $396,500 2009-2010..................... 36,000 2010-2011..................... 11,000 2011-2012..................... 11,000 2012-2013..................... 11,000 2013-2014..................... 11,000 Bond Proceeds $233,000 Total $709,500 Sourc e: Contra Costa Redevelopment Agency and Fraser & Associates Analys is . Vernazza Wolfe Associates Note: Fund balance and bond proceed numbers are rounded to the nearest $100. Planned Housing Activities, FY 2009/10 to 2013/14 The Agency’s housing plans for the Montalvin Manor Project Area over the next five years are a continuation of past activities and priorities. The specific goals and objectives to implement the Redevelopment Plan are listed below: •Proactively assist in the development of new commercial and mixed- use projects on vacant/under-utilized properties at Tara Hills and San Pablo Avenue and Tara Hills Drive intersection, including identifying financial assistance tools required to achieve public goals; •Continue to work with the Department of Conservation and Development, and others to implement a proactive Code Enforcement Program and assess site development requirements and on-site parking issues, particularly with respect to garage conversions and lack of off street parking. Projected Housing Expenditures, FY 2009/10 to 2013/14 The estimated expenditures for future housing activities are shown in Figure 3-5. The programs available to support affordable housing in the Project Area are described below in more detail. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 41 Housing Rehabilitation Loan Program Montalvin Manor residents may participate in the Agency’s Housing Rehabilitation Loan Program. The Program is for low- and moderate-income owner-occupants of residential properties. Loans to low- and moderate-income households will be made to improve interior and exterior conditions that cause a unit to fail housing quality standards and threaten the health and safety of the occupants. The program, which is administered by the Building Inspection Neighborhood Preservation Program, offers loans with interest rates that range from zero to three percent simple interest depending on household income. The program was recently initiated and the Agency has reserved $448,400 million from bond proceeds for housing rehabilitation loans in Montalvin Manor over the next five years. Homebuyer Assistance-Foreclosed Properties The Agency is developing a program to acquire foreclosed homes in Montalvin Manor and other Project Areas. The Program may work in coordination with the Neighborhood Stabilization Program (NSP), which is funded by the Department of Housing and Urban Development and administered by the Contra Costa County Department of Conservation and Development. The County plans to use the NSP funds to acquire foreclosed properties, rehabilitate the homes where needed, and then resell to other homebuyers. NSP funds may also be used to assist with closing costs, down payments, and land banking for future development. Amnesty Program Implementation An allocation of approximately $27,100 is projected to cover staff costs to implement the temporary amnesty program for specific housing code issues as discussed above. Housing Development Fund The Agency has set aside funds to be used in the future to assist in the development of affordable housing ($203,800). Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 42 FIGURE 3-5 Projected Housing Expenditures Montalvin Manor Project Area FY 2009/10 to 2013/14 Housing Prog r am Pl an ned Exp endi tur es Am ou nt Per c en t Housing Rehabilitation........................................ $448,400 66% Housing Development Fund................................ $203,800 30% Amnesty Program Implementation...................... $27,100 4% Total $679,300 100.0% Sourc e: Contra Costa Redevelopment Agency Analys is : Vernazza Wolfe Associates 3.8 AFFORDABLE HOUSING PRODUCTION PLAN This section describes the production of new housing in the Project Area and how the Agency is meeting its legal obligations to develop and rehabilitate more affordable housing units. The Agency’s efforts to develop more affordable housing units are guided by the County’s most recent adopted Housing Element, the County’s regional fair share housing needs allocation, and various County policies and programs that promote affordable housing.18 Because the Project Area is small (211 acres) and mostly built out, with only a few vacant parcels, there are limited opportunities for new housing development. Approximately 750 small single family homes and a 179-unit mobile home park are established in the Project Area. Thus far, there has been only one housing unit constructed in the Project Area. [This space intentionally left blank] 18 The County submitted its Draft Housing Element Revised in Response to HCD Comments in June 2009. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 43 FIGURE 3-6 House Production and Affordable Housing Obligation in Montalvin Manor TOTA L S FOR PERIOD Through FY 2003/04 FY 2004/05 FY 2005/06 FY 2006/07 FY 2007/08 FY 2008/09 FY2009/10- FY2013/14 (Projec ted) B eg in n ing FY 2008/09 FY2004/05 to FY2013/14 (a) Total ov er L ife o f Plan (b) Per cent Hou sing Pro duction in Proj ect A r ea (c) New Units 0 0 0 0 0 0 25 0 25 45 Substantial Rehabilitation 0 0 0 0 0 0 0 0 0 0 Tot al 0 0 0 0 0 0 25 0 25 45 CRL Aff ord ab l e Ho u sing Obli gation (d ) Very Low 0 0 0 0 0 1 2 1 2 3 6% Very Low, Low or Moderate 0 0 0 0 0 1 4 1 4 7 15% Pr odu ct i o n of A ff ordable Hou sing (Actual thr u 2007/08) (e) Very Low 0 0 0 0 0 0 0 0 0 0 Very Low, Low or Moderate 0 0 0 0 0 0 0 0 0 0 A ff ordable Pr odu cti on Su rplus (Def i cit) (f ) Very Low 0 0 0 0 0 0 (2) 0 (2) (3) Very Low, Low or Moderate 0 0 0 0 0 0 (4)0 (4)(7) Not e: Percentages may not add exactly due to rounding; CRL affordable housing production requirements are rounded up to the nearest whole unit. a. As required by CRL, total units over ten year compliance period (Section 33490(a)(2)(B)). b. As required by the CRL, total units over the life of the Redevelopment Plan (Section 33490(a)(2)(B)); includes projected production after 2013/14. c. Total units produced in the Project Area during the specified time period. d. Number of affordable units required based on units produced. Affordable housing production obligation for non-Agency developed housing requires 15% of total units to be available at affordable cost. Of those units, at least 40% must be affordable to very low-income households (6% of the total units). Agency developed housing has higher inclusionary requirements. The Agency has not, and does not anticipate, directly developing units. e. Number of units satisfying CRL affordable housing production obligation; affordable units produced outside Project Area counted on a one for two basis. f. Remaining affordable housing surplus or obligation at the end of the period. So u rce: Contra Costa County Redevelopment Agency Analys is : Vernazza Wolfe Associates Figure 3-6 shows projected housing production for the next five years and over the life of the Redevelopment Plan. Over the life of the Redevelopment Plan, the Project Area is expected to meet its housing production requirements, by mandating that any new development incorporates affordable housing as well. Currently, there are no active plans to build any new housing in the Project Area, although a few sites do exist. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 44 Historical Housing Production and Affordable Housing Obligations Housing production in the Project Area is summarized in Figure 3-3. During the past five years, only one housing unit was built in the Project Area. Thus, there is no affordable housing obligation for this period. Future Housing Production Based on the downturn in the real estate market, a minimum level of housing development activity in the Project Area (25 units) is projected through 2013/14. An additional 20 units are projected for the remaining life of the Project Area, or a total of 45 units. This would result in an inclusionary requirement for seven affordable units, with at least three of the units for very-low-income households. 3.9 REPLACEMENT HOUSING REQUIREMENTS The Agency is required to replace within four years after removal any housing units in the Project Area that have been removed. No housing units in the Project Area have been removed, and there are no planned projects that would require replacement units. However, if future projects result in relocation and removal, the Agency will prepare a replacement- housing plan to ensure that it meets its obligations. 3.11 TARGETING MONTALVIN MANOR’S HOUSING FUND EXPENDITURES There are two requirements regarding targeting of housing fund expenditures, one related to the income groups served and one to age. Targeting Low- and Very Low-Income Households Thus far, the Agency has spent little of its Housing Fund to assist the affordable housing. Instead, it has been accumulating funds in a Housing Development Fund to assist future affordable projects. All of the funds that have been spent ($90,987) have assisted very-low-income households, meeting the targeting requirement. The Agency will continue to assess how it is meeting the income-targeting requirement (at least 39 percent of the funds spent to benefit very-low-income households). See Figure 1-2, which shows the target percentages for assistance to very-low, low- and moderate-income households based on the RHNA numbers for the County. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 45 Targeting Non-Seniors Because the Agency has not provided financial assistance for any developments, the targeting requirement for non-senior households is not applicable as well. Once the Agency begins to assist affordable housing development, it will assess its compliance. Based on HUD’s special tabulations of census data, no more than 30 percent of the Housing Fund expenditures should benefit seniors, with the rest to benefit non-seniors. Furthermore, redevelopment law allows an Agency to meet its age- related targeting requirement in combination for all project areas. Combining housing assistance expenditures for all project areas to date, less than five percent have been for senior households, thus not exceeding the allowed percentage of 30 percent. * * * Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 46 The 900-acre North Richmond Redevelopment Project Area, surrounded by the City of Richmond was established in 1987 in order to improve neighborhood conditions, attract commercial services, and take advantage of industrial development opportunities. 44 NNoorrtthh RRiicchhmmoonndd PPrroojjeecctt AArreeaa IImmpplleemmeennttaattiioonn PPllaann The North Richmond Project Area has a high concentration of low and moderate-income households and an abundance of substandard housing, as well as vacant and dilapidated commercial structures. The community lacks commercial services and needs a significant amount of new investment in new housing and neighborhood infrastructure such as sidewalks, lighting, and roadways. North Richmond remained an economically stagnant community for many years, in part due to its regional isolation. However, the 1991 opening of the Richmond Parkway enhanced the area’s access by placing North Richmond in the middle of a new transportation corridor between Interstate 80 and I-580 at the Richmond/San Rafael Bridge. The Parkway has facilitated some improvements within the industrial area; nonetheless it remains underdeveloped and in need of improvements to underlying infrastructure. 4.1 AGENCY’S PAST NON-HOUSING ACCOMPLISHMENTS AND EXPENDITURES The Agency has undertaken numerous housing, public safety, health, infrastructure, urban design, and economic and community development projects as part of its efforts to attract jobs, remove blight, and improve access to affordable housing. The Agency’s accomplishments since FY 2004-2005 within the North Richmond Project Area are listed below: Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 47 •Constructed road and streetscape improvements to 3rd Street and connector roads; •Completed a comprehensive community planning process to identify a Preferred Alternative Truck Route around the North Richmond neighborhood to divert big rig truck traffic from the residential neighborhood; •Continued a First-Source Hiring Program with the Workforce Development Board that promotes the hiring of local residents by area businesses; •In conjunction with the Community Housing Development Corporation and the Housing Authority, created a Youthbuild program that provides GED completion and construction industry training to young people between the ages of 16 and 22 who have dropped out of high school. Participants work with qualified contractors to rehabilitate substandard units in the North Richmond area, which are then sold to qualified low-income and first-time homebuyers; •Facilitated development to re-establish a restaurant eatery and commercial sites along 3rd Street; •Promoted economic development in North Richmond through a site selection website that helps potential investors and business prospects identify residential or commercial development opportunities; •Created business attraction and retention marketing materials; •Created a Comprehensive Economic Development Strategy for the North Richmond Project Area in conjunction with other County departments and community members; •Established the Community Preservation-Abatement and Revolving Loan Fund; •Initiated a comprehensive infrastructure planning program for the industrial area north of Wildcat Creek; •Established a Mello-Roos Community Facilities District to finance the maintenance of community infrastructure; •Formed a partnership with the City of Richmond to address cross-jurisdictional issues such as code enforcement, abandoned vehicle abatement, trash collection, graffiti removal, and other community clean-up activities; •Completed construction of KB Home’s Bella Flora Subdivision that includes 173 single-family residential and 35 affordable housing units for low-income, first-time homebuyers; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 48 •Utilized Agency and Federal funds to assist first-time homebuyers by initiating the First-Time Homebuyer and Individual Deposit Account Programs; •Financed the construction of the Young Adult Empowerment Center to provide youth with job development as an alternative to gang and criminal activities; •Applied to the National Transportation, Community, and System Preservation Program for Federal assistance to construct the North Richmond Truck Route Project; •Assisted a major home accessory manufacturer to establish facilities in North Richmond; •Secured a community facilitator to provide conflict resolution and mediation services to the residents of Bella Flora, Parkway Estates, and Las Deltas Public Housing Development; •Continued to support resident deputy positions to combat ongoing blight, vehicle abatement, and other safety related activities; •Initiated North Richmond’s Neighborhood Preservation Program, in conjunction with the National Stabilization Program, to acquire and redevelop foreclosed residential properties that otherwise might contribute to abandonment and blight; •Formed a partnership with the Contra Costa County Housing Authority to develop a feasibility study and revitalization plan for the re-use of the 224-unit Las Deltas Public Housing Development; •Provided financial support to the Community Housing Development Corporation of North Richmond (a non-profit housing developer) for project based capacity building and initiatives; •Created a Unified Development Area known as Grove Point to facilitate land assemblage for a residential mixed-use redevelopment project along the eastern portion of 3rd Street; •Amended the Redevelopment Plan to raise the fiscal cap permitting the Agency to continue to expand its redevelopment activities in the future; •Initiated preparation of a North Richmond Specific Plan to guide future land use changes and urban design investments; •Secured an additional $3 million in Tax Allocation Bond revenues by releasing them from an escrow account. The Agency’s ability to implement redevelopment activities and initiatives is bolstered by this action. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 49 4.2 PROJECT AREA GOALS AND OBJECTIVES The goals and objectives are intended to guide Agency actions toward eliminating the Project Area’s physical and economic blight. As part of the Redevelopment Plan adoption process, community residents worked with the Agency to establish an original set of long-term goals that, along with the zoning regulations, will continue to direct future actions within the Project Area for the life of the Redevelopment Plan. Since the adoption of the Redevelopment Plan, other long-term goals were articulated through documents such as the 2000 Implementation Plan and Midterm Review. The Agency also established short-term goals and objectives to guide efforts during the Five-Year Implementation Plan period, as required by Community Redevelopment Law. The Redevelopment Plan goals and the Five-Year Implementation Plan goals and objectives are listed below. Long-Term Redevelopment Goals •Revitalize the northern portion of the Project Area through light industrial infrastructure improvements and land-use policy changes via the North Richmond Specific Plan; •Strengthen the existing residential neighborhood in the southern portion of the Project Area through the development of a neighborhood commercial district, street improvement and landscaping, expansion of community facilities, infill residential development, and improvement of parks and open space; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 50 •Stabilize foreclosed properties, upgrade the housing stock, and stimulate the construction of new affordable housing through infill development. Long-Term Community Improvement and Economic Development Goals •Improve road, drainage, and sewer infrastructure and construct public utility facilities in the industrial section of the Project Area (these improvements are required to provide full and safe access to industrial land made developable by the completion of the Richmond Parkway); •Encourage and support public-private partnerships that address community needs; •Encourage and support citizen participation through the North Richmond Municipal Advisory Council and Young Adult Empowerment Center; •Capitalize on existing and future financing resources and opportunities; •Provide the framework to restore economic and social health through public and private actions. Five-Year Implementation Plan Goals and Objectives •Continue to facilitate employment programs for North Richmond residents, industries, and businesses; •Implement a marketing program to promote industrial lands and improve the Project Area’s image to attract new businesses and generate revenue; •Initiate a development planning process to reuse specific sites; •Initiate a program to attract commercial and retail businesses to specific sites in the Project Area. 4.3 PROJECTED REVENUES AVAILABLE TO FUND NON-HOUSING IMPROVEMENTS The Agency can collect a maximum of $60 million in tax increment revenue over the life of the Redevelopment Plan and issue $30 million of outstanding debt through the sale of bonds and other loans at any one time. Project improvement activities will be allowed through 2028, after which the Redevelopment Plan will expire (See Figure 4-1). The revenues that will be available to fund non-housing improvements in the North Richmond Project Area are described below. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 51 FIGURE 4-1 North Richmond Project Area Fiscal Limits Plan Adoption ...............................................................................July 14, 1987 Year that Plan was Last Amended................................................2008 Expiration date to Start Eminent Domain.......................................July 14, 2011 Debt Repayment...........................................................................July 14, 2038 Plan Effectiveness ........................................................................July 14, 2028 Cumulative Tax Inc.......................................................................$60,000,000 Bond Debt Limit............................................................................$30,000,000 Data Source: Contra Costa County Redevelopment Agency Projected Tax Increment Revenues Tax increment revenues have been and will continue to be the primary source of revenue available to the Agency to fund improvement projects and activities. Fraser & Associates project that the North Richmond Project Area will earn $1.7 million of net tax increment revenues for FY 2009/10, but the net revenues will decline to approximately $1.5 million during each year of the remaining IP period. Thus, it is anticipated that the Agency will accrue $7.9 million of cumulative tax increment revenues through FY 2013/14 (See Figure 4-2).19 Other Revenue Sources Other revenue sources available to the Agency to make Project Area improvements in North Richmond include $15.4 million of unexpended capital proceeds and bond balances plus a small amount of interest earned on the unexpended funds. This balance of unexpended funds provides the Agency with some significant funds that can be invested in the Project Area. The Agency does not anticipate issuing any new bonds to fund Project Area improvements during the next five years. In addition, no additional sources of grant funding or developer fees are included in the revenue projections. Debt Service on Past Non-Housing Improvements In order to fund Project Area improvements with bond proceeds the Agency is obligated to commit $1.2 million per year to service the debt of past borrowing for non-housing Project Area improvements. 19 The net tax increment estimates represent the revenue that will remain with the Agency after pass through payments, administration fees, and other Agency obligations have been met, not counting debt service. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 52 Total Revenues Available to Fund Non-Housing Improvements The unexpended capital proceeds and bond balances provide North Richmond with most of the available capital to fund Project Area improvements during the next five years. Relatively small amounts of new funding are projected to accrue to the Agency during the remainder of the IP period. By FY 2013/14 the Agency can anticipate $17.6 million of revenues available from all sources to fund North Richmond’s Project Area improvements. FIGURE 4-2 Project Revenues Available to Fund Non-housing Improvement Projects in the North Richmond Project Area FY 2009/10 to 2013/14 ($ Thousand) FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 To tal Tot al Tax In crement $2,447 $2,183 $2,220 $2,258 $2,297 $11,405 Housing Set-Aside $438 $383 $388 $394 $399 $2,002 33676 Adjustment $256 $267 $278 $289 $300 $1,390 Property Tax Administrative fees $22 $20 $20 $20 $21 $103 AB 1290 tax sharing $0 $0 $0 $0 $0 $0 Taxing Entity Share $0 $0 $0 $0 $0 $0 Net Tax Increm ent Revenu es $1,731 $1,513 $1,534 $1,555 $1,577 $7,910 A ddi t i onal Revenues Unexpended Capital and Available Bond Proceeds $15,399 $0 $0 $0 $0 $15,399 New Bonds Anticipated for Non-Housing $0 $0 $0 $0 $0 $0 Interest Earnings on Capital Funds $50 $50 $50 $50 $50 $250 Other Revenue Sources $0 $0 $0 $0 $0 $0 Add i ti onal Costs Debt Service Paid from Non-Housing Fund $1,195 $1,192 $1,187 $1,193 $1,191 $5,958 Tot al Rev enu es Av ailable to Fund No n- Housing Pro j ec ts an d Ac tiv i ti es $15,985 $371 $397 $412 $436 Cum ul ati ve Revenu es Av ailabl e t o Fun d Non-Ho u s in g Pr oject s and A ct i vities $15,980 $16,360 $16,750 $17,160 $17,600 $17,600 Dat a Sourc e: Fraser & Associates and CCCRDA Analysis: Wahlstrom & Associates Notes: Data is rounded to the nearest $1,000. Cumulative revenues are rounded to the nearest $10,000. Other Revenue Sources may include grants and loans, revenues from the lease of Agency owned property, and developer fees 4.4 PROJECTED FIVE YEAR NON-HOUSING PROJECTS AND ACTIVITIES The Agency will form partnerships with property owners and potential investors to implement land development projects, and will undertake projects and activities during the next five years to reduce blight and Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 53 achieve the North Richmond Project Area’s goals and objectives. Land development assistance will be provided through business incentives, loans, land write-downs, and other tools that can reduce the cost of business operations. The Agency will pursue grant applications to help implement the Redevelopment Plan. The Agency will also encourage projects and activities through FY 2013/14 that expand the job base and improve the quality of life for residents. Projects and activities that the Agency may fund during the next five-years are listed below. •Initiate efforts to attract new commercial and neighborhood-serving businesses to North Richmond—Efforts may lead to the construction of new commercial space or the occupancy and the revitalization of existing space, including mixed-use developments along 3rd Street; •Maintain the business attraction and site selection website that was developed for the Project Area; •Continue efforts to provide Project Area businesses with access to low interest business loans; •Continue streamlining the permitting process for developers, businesses, and local property owners; •Continue evaluating the potential impact of an Indian gaming facility within the Project Area, and identify appropriate mitigations that should be adopted if the proposed facility is implemented; •Plan and implement roadway, drainage, and utility improvements within the industrial portion of the Project Area to facilitate development and establish mechanisms for maintenance; •Continue to pursue funding to improve circulation and streetscapes along 3rd Street; •Develop and implement a plan for industrial lands infrastructure improvements north of San Pablo Creeks and west of the Richmond Parkway; •Continue to monitor status of North Richmond relative to FEMA designated Flood Zone districts; •Continue efforts to enforce the existing land-use codes, remove junk vehicles, improve trash collection, and implement other community clean-up activities. Efforts to coordinate these activities with community safety and crime prevention initiatives will also be facilitated through the provision of interim financial support for a resident Sheriff’s Deputy; •Continue to implement a Specific Plan adoption process to re-designate and transform the underutilized industrial area between Wildcat and San Pablo Creeks, the Union Pacific Railroad, and Richmond Parkway into a new residential community complete with new housing, commercial space, parks, and open space. Implementation will follow the Specific Plan adoption. •Continue predevelopment activities, preliminary design, and environmental clearances to develop a Precise Alignment for the North Richmond Truck Route Project. Also, pursue project financing from Federal, State, and local government funding sources; •Continue Grove Point implementation to construct a mixed-use development of residential housing adjacent to North Richmond’s commercial district; •Prepare a feasibility study to transform the 224-unit Las Deltas Public Housing Development into a new neighborhood of affordable and market rate housing. 4.5 PROJECTED FIVE-YEAR NON-HOUSING EXPENDITURES The Agency anticipates spending $17.6 million on improvement projects during the next five years (see Figure 4-3). Expenditures will be targeted for the following type of projects and activities. Capital Projects: Projects and activities within this category include utility, road and other infrastructure improvement projects, urban design and streetscape improvements, property acquisition and site improvements particularly related to public/private real estate Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 54 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 55 development partnerships, transit and mixed-use facilities, and other physical development projects. Community Improvement Activities: Projects and activities within this category include beautification programs, hazardous waste and other garbage remediation programs, code enforcement support, resident deputy, and other initiatives that enhance the appearance of the Project Area as well as the quality of life for residents. Economic Development Promotion: Projects and activities within this category include job creation and retention initiatives, policies, or programs that enhance the competitiveness of local residents—including job training and skills development, marketing programs, and other promotional projects, events, or activities; Planning Activities: Projects and activities within this category include those that modify or enforce zoning and land use policies, design future capital improvement projects, strategize economic development and community improvement activities, and plan for urban design and streetscape improvements. Unallocated Expenditures: The Agency intends to reserve $2.2 million to be used for future improvement projects to be determined. FIGURE 4-3 Estimates of Future Non-housing Expenditures in the North Richmond Project Area FY 2009/10 to 2013/14 Pr o j ec ts and A ctivi ties Pr oj ect ed Ex pen di tu r es Capital Projects..................................................... $9,000,000 Community Improvement Activities........................ $1,500,000 Economic Development Activities.......................... $3,500,000 Planning Activities................................................. $1,400,000 A n tic i p ated Exp en di tures b y Cat eg ory $15,400,000 Unallocated Expenditures...................................... $2,201,000 Total Ant i ci pated Ex pendit u res $17,601,000 Data Sourc e: Contra Costa County Redevelopment Agency A n aly si s: Wahlstrom & Associates 4.6 LINKAGE BETWEEN PROJECT AREA IMPROVEMENTS AND BLIGHT REDUCTION IN NORTH RICHMOND A substantial number of blighting conditions continue to exist in the North Richmond Project Area—including a lack of public infrastructure, a weak local economy, a lack of commercial facilities, a high crime rate, and abnormally high business vacancies and turnover rates. While the Agency’s actions have eliminated a significant amount of blight, persistent physical blight remains, including the presence of unsafe and unhealthy buildings, incompatible adjacent and/or nearby land uses, and inadequate flood and drainage infrastructure. Tax increment financing continues to present the most realistic long-term financing vehicle for removing blight in North Richmond, given the cost associated with improvement projects and activities. The proposed programs and expenditures described below will help reduce North Richmond’s remaining blight. •Capital projects reduce blight by investing in circulation, drainage, and other public infrastructure improvements. These improvements attract new job-creating businesses, as well as private investors to revitalize deteriorated buildings. •Community improvement activities will reduce blight by improving the supply and quality of community services, public safety services, and through neighborhood beautification and housing stock rehabilitation. Agency efforts will support attempts to reduce illegal dumping, cooperate with the CDBG program, work with developers to attract and retain commercial facilities, and lower business vacancies and turnover rates. •Economic development promotion programs and activities will reduce blight by attracting and facilitating business start-ups that expand local economic activity, which in turn results in reduced crime rate. •Planning activities will reduce blight by streamlining the permitting process and preparing long-term plans for growth. The planning activities will address unsafe and unhealthy buildings by encouraging new construction and rehabilitation. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 56 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 57 [This space intentionally left blank] 4.7 AFFORDABLE HOUSING PROJECTS AND ACTIVITIES NORTH RICHMOND AFFORDABLE HOUSING PLAN The Agency’s housing activities for the past five years are described below, followed by a discussion of planned activities and expenditures for the next five years. Accomplishments Since Adoption of the 2004/05 Implementation Plan (FY 2004/05 to FY 2008/09) The Agency’s primary housing-related activities during the past five years are listed below. •Agency staff, in collaboration with the Housing Authority, continued to supervise the Youthbuild Program described above. •Agency staff worked with several private and nonprofit developers to facilitate infill housing on scattered sites. Staff worked with KB Home to secure approval of plans for a major subdivision near the Richmond Parkway (Bella Flora) and to complete construction of the project. •The Agency funded an urban design firm to prepare a North Richmond Specific Plan for the area bounded by Wildcat Creek, San Pablo Creek, Richmond Parkway and the Union Pacific railroad tracks (approximately 200 acres of land); •The Agency provided funding, and assisted in leveraging federal funds, to initiate the First-Time Homebuyers and Individual Deposit Account Programs. Revenues Available To Fund Affordable Housing Projects and Programs The Agency is projected to have approximately $6.4 million in housing set-aside funds, bond proceeds, and fund balance available to support affordable housing projects within the North Richmond Project Area during the five-year period, as shown in Figure 4-4. Approximately $3.4 million of that amount comprises bond proceeds reserved for housing activities. In addition, the Agency applies for and receives grant funds for some of its projects. The Housing Fund resources are used by the Agency to facilitate the expansion, improvement, and preservation of the affordable housing supply within Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 58 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 59 the Project Area through the activities and programs discussed above. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 60 FIGURE 4-4 Low and Moderate Income Housing Fund Summary YEAR AMOUNT Balance, August 2009 (1)........ $934,300 2009-2010............................... 438,000 2010-2011............................... 383,000 2011-2012............................... 388,000 2012-2013............................... 394,000 2013-2014............................... 399,000 Unexpended Bond Proceeds $3,449,800 Tot al $6,38 ,1006 Source: Contra Costa Redevelopment Agency Anal ysis: Vernazza Wolfe Associates Not e: Balance and unexpended bond proceeds are rounded to the nearest $100. Planned Housing Activities, FY 2009/10 to 2013/14 The Agency’s housing plans for the North Richmond Project Area over the next five years continue past activities and priorities. The Affordable Housing Program promotes residential and mixed-use development on vacant and underutilized sites in the North Richmond Project Area. The Agency’s Housing Fund revenues will be used in a flexible manner to respond to favorable development, substantial rehabilitation, and grant opportunities. The affordable housing goals and objectives as stated in the most recent Agency budget are listed below: Continue to work with appropriate private, public, and nonprofit organizations to develop affordable housing, such as lease-to-own and mutual housing project concepts, and to implement the Agency’s inclusionary housing requirement for new home subdivisions, such as KB Home; Facilitate affordable homeownership opportunities through the resale of the Parkway Estates units, completed Youthbuild homes, and Bella Flora homes (KB Home); and through the First-Time Homebuyer Program, and the IDA (Individual Deposit Account) Program; Continue to work with the Housing Authority to substantially rehabilitate the Las Deltas Public Housing Development, including the numerous scattered sites and vacant public housing units; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 61 Support the continued growth of Community Housing Development of North Richmond by providing project-based capacity building financial assistance. These Project Area housing activities support the goals adopted in the County’s Housing Element. The Agency’s planned programs and activities for the next five years include the following. •Continue to assemble parcels to redevelop the eastern portion of Third Street; •Continue to implement the North Richmond Specific Plan to create a new residential community north of Wildcat and south of San Pablo Creeks; •Continue implementing its housing rehabilitation program, in conjunction with scattered site development and infill housing opportunities; •Implement the Neighborhood Stabilization Program to address foreclosed properties; •Facilitate construction of Grove Point to develop residential housing adjacent to the commercial district; •Complete the Re-Use and Revitalization Plan to transform a 224-unit public housing development into a new mix of affordable and market rate housing; •Complete the Specific Plan Process to transform 200 acres of underutilized land into a new community of residential housing, commercial, parks, and open space; •Implement the Housing Rehabilitation Program to upgrade and preserve the existing housing stock. Additional programs available to support affordable housing in the Project Area are described below in more detail. Housing Rehabilitation Loan Program North Richmond residents may participate in the Agency’s Housing Rehabilitation Loan Program. The Program is for low- and moderate- income owner-occupants of residential properties. Loans to low- and moderate-income households will be made to improve interior and exterior conditions that cause a unit to fail housing quality standards and threaten the health and safety of the occupants. The program, which is administered by the Building Inspection Neighborhood Preservation Program, offers loans with interest rates that range from zero to three percent simple interest depending on household income. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 62 Homebuyer Assistance-Foreclosed Properties The Agency is developing a program to acquire foreclosed homes in North Richmond and the other Project Areas. The Program may work in coordination with the Neighborhood Stabilization Program (NSP), which is funded by the Department of Housing and Urban Development and administered by the Contra Costa County Department of Conservation and Development. The County plans to use the NSP funds to acquire foreclosed properties, rehabilitate the homes where needed, and then resell to other homebuyers. NSP funds may also be used to assist with closing costs, down payments, and land banking for future development. Amnesty Program Implementation North Richmond property owners would be eligible to participate in the County’s temporary amnesty program for specific housing code issues. Housing Development Fund The Agency has set aside funds to assist in the development of affordable housing. Projected Housing Expenditures, FY 2009/10 to 2013/14 The Project Area housing activities support the goals adopted in the County’s Housing Element. The estimated expenditures for future housing activities are shown in Figure 4-5. Approximately 55 percent of the Project Area’s housing funds will be spent on the Grove Point development. Another 33 percent, or $2.1 million, is allocated to the Neighborhood Stabilization Program, Infill and Housing Rehabilitation Programs. The unallocated expenditures of $386,100 allow the Agency to take advantage of various opportunities as they are presented. The Agency will initiate actions as necessary, consistent with the CRL and the County’s Housing Element, to preserve and facilitate the development of housing affordable to households whose basic needs are not met by the private housing market. [This space intentionally left blank] Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 63 FIGURE 4-5 Projected Housing Expenditures in North Richmond Project Area FY 2009/10 to 2013/14 Pl an ned Expend it ur esHousing Pr o gram A m ou n t Percent Grove Point $3,500,000 54.8% Neighborhood Stabilization Program, Infill and Housing Rehabilitation Program $2,100,000 32.9% Las Deltas Re-Use Feasibility Study $400,000 6.3% Unallocated Expenditures 386,100 6.0% Tot al $6,386,100 100.0% So u rce: Contra Costa Redevelopment Agency and Fraser & Associates A n aly s is : Vernazza Wolfe Associates 4.8 AFFORDABLE HOUSING PRODUCTION PLAN This section describes the production of new housing in the Project Area and how the Agency is meeting its legal obligations to develop and rehabilitate additional affordable housing units. The Agency’s efforts to develop new affordable housing units are guided by the County’s recently adopted Housing Element, the County’s regional fair share housing needs allocation, and various County policies and programs that promote affordable housing.20 The Agency has made good progress in facilitating development of affordable housing units in the Project Area. The Agency has complied with the housing production requirements and, in fact, more affordable housing units have been developed than required by redevelopment law. At the beginning of the Implementation Plan period, 309 units had been built or substantially rehabilitated in the Project Area and there was a surplus of 50 affordable units overall, with 35 of these units for very low-income households. As shown in the bottom row of Figure 4-6, at the end of 2008/09, there was still a projected surplus of affordable units (35 total affordable units with 24 for very low-income) based on production through 2008/09, the end of the Implementation Plan period. 20 The County submitted its Draft Housing Element Revised in Response to HCD Comments in June 2009. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 64 Historical Housing Production and Affordable Housing Obligations Housing production in the Project Area is summarized in Figure 4-6. During the past five years (FY 2004/05 through FY 2008/09), 225 housing units were built in the Project Area. Most of this building activity was scattered site development. In addition, the Bella Flora development (KB Home) added 35 units—32 for low-income households and three for very-low-income households. Future Housing Production Figure 4-6 shows projected housing production for the next five years and over the life of the Redevelopment Plan. New production includes the 54-unit Nove subdivision (32 units targeted for low-income households and 22 for very low-income households). Agency staff projects that, depending on market conditions, an additional 49 units will be developed over the next three to five years, with 11 affordable units, including 3 units targeted for very low-income residents. These units would result from a combination of the Grove Point development, the North Richmond Specific Plan, the Neighborhood Stabilization Program, the Infill Program, and the Housing Rehabilitation Program. Agency staff estimates that there is the potential to develop 2,000 new housing units within North Richmond prior to the expiration of the Redevelopment Plan. The projections given in Figure 4-6 provide a more conservative estimates, which can be updated at the time of the next Implementation Plan. It is likely that the economic and real estate market conditions will have changed by then and that development proposals for the area will be in process. [This space intentionally left blank] Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 65 FIGURE 4-6 House Production and Affordable Housing Obligation in North Richmond TOTA L S FOR PERIOD Th r o ugh FY 2003/04 FY 2004/05 FY 2005/06 FY 2006/07 FY 2007/08 FY 2008/09 FY2009/10- FY2013/14 (Pr oj ect ed ) Cu r r en t A s of End FY 2008/09 FY2004/05 t o FY2013/14 (a) Tot al ov er Lif e of Pl an (b ) Perc en t Hou sing Pr o duct io n i n Proj ect A r ea (c) New Units 275 57 73 90 5 0 49 500 302 927 Substantial Rehabilitation 34 0 0 0 0 0 0 34 0 59 Total 309 57 73 90 5 0 49 534 302 986 CRL A ff ord ab l e Hou sing Obl i gati on (d) Very Low 19 4 5 6 1 0 5 33 19 60 6% Very Low, Low or Moderate 47 9 11 14 1 0 12 81 46 148 15% Pr odu c t i o n of A ff ordable Hou sing (Actu al th r u 2008/09) (e) Very Low 54 0 3 0 0 0 3 57 32 111 Very Low, Low or Moderate 97 0 32 0 5 0 8 134 84 236 Af f ordable Pr odu c ti on Surpl u s (Defi cit ) (f ) Very Low 35 (4) (2) (6) (1) 0 24 24 13 51 Very Low, Low or Moderate 50 (9)21 (14)4 0 35 53 38 88 Data Source: Contra Costa County Redevelopment Agency, Wahlstom & Associates. Analy sis : Vernazza Wolfe Associates Notes: Percentages may not add exactly due to rounding. CRL affordable housing production requirements are rounded up to the nearest whole unit. a. As required by CRL, total units over ten-year compliance period (Section 33490(a)(2)(B)). b. As required by the CRL, total units over the life of the Redevelopment Plan (Section 33490(a)(2)(B)). Includes projected production after 2013/14. c. Total units produced in the Project Area during the specified time period. d. Number of affordable units required based on units produced. Affordable housing production obligation for non-Agency developed housing requires 15% of total units to be available at affordable cost. Of those units, at least 40% must be affordable to very low-income households (6% of the total units). Agency developed housing has higher inclusionary requirements. The Agency has not, and does not anticipate, directly developing units. e. Number of units satisfying CRL affordable housing production obligation. Affordable units produced outside Project Area counted on a one for two basis. f. Remaining affordable housing surplus or obligation at the end of the period. 4.9 REPLACEMENT HOUSING REQUIREMENTS The Agency is required to replace within four years after removal any housing units in the Project Area that have been removed. Previous redevelopment activities resulted in the removal in 1995 of nine housing units (seven low-income and two moderate-income units), totaling 29 low-income bedrooms. The surplus affordable units produced by the Parkway Estates and North Richmond Senior Housing projects replaced the nine units that were removed. This means that the Agency does not have a replacement housing obligation because all housing units that Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 66 were removed from the Project Area have been replaced as required by law. The Grove Point project will remove a few units, but they will be replaced within the Project Area. If the Agency undertakes future projects that could result in the displacement of households, the Agency will prepare a replacement housing plan to ensure that it meets its obligations. 4.10 TARGETING NORTH RICHMOND’S HOUSING FUND EXPENDITURES California Redevelopment Law requires that affordable housing be targeted by age and income. The targeting requirements are described below. Targeting Low- and Very-Low-Income Households The Agency has spent approximately $1.1 million of its Housing Fund to assist the production of affordable housing, including funds spent during the preceding five-year period as well. Almost all of these funds have benefited low-income households (93 percent), with approximately four percent for very low-income households. While this distribution far exceeds the targeting requirement for low-income (28 percent), it is well below the 39 percent target for very low-income households. The Agency plans to increase its assistance to projects for very low-income households. Targeting Non-Seniors All of the housing fund expenditures for North Richmond have been for non-seniors. Thus, the Agency meets the age-related targeting requirement. Furthermore, redevelopment law allows an Agency to meet its age-related targeting requirement in combination for all project areas. Combining housing assistance expenditures for all project areas, less than five percent have been for senior households, thus not exceeding the targeted percentage of 30 percent. * * * Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 67 The redevelopment of the Contra Costa Centre Project Area will remove blight and reduce regional traffic by locating new office and housing development next to a regional transportation hub. The Implementation Plan describes how the Agency will help expand the supply of housing, spend its Housing Funds and meet its affordable housing production obligations. 5.1 AGENCY’S PAST NON-HOUSING ACCOMPLISHMENTS AND EXPENDITURES The Agency has undertaken many projects and activities in the Contra Costa Centre Project Area since its adoption in 1984. In recent years, the Agency has invested more than $60 million for Project Area improvement activities such as road widening, signal installations, drainage improvements, landscaping, utility installation, BART patron parking, site acquisition, and open space improvements. The Agency’s investments have been consistent with the Contra Costa Centre Specific Plan, which has helped attract another $250 million of private sector investment that has created hundreds of thousands of square feet of office space, hotel, and new housing units, including affordable housing. The Agency’s sustained efforts over the past five years have resulted in a number of accomplishments. The following set of accomplishments directly relates the Agency’s successful business negotiations and The 130-acre Contra Costa Centre (CCC) Project Area was established in 1984 to take advantage of new housing and commercial space strategically located adjacent to the 680 Freeway and the Pleasant Hill BART Station. 55 CCoonnttrraa CCoossttaa CCeennttrree PPrroojjeecctt AArreeaa IImmpplleemmeennttaattiioonn PPllaann Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 68 agreements that permitted the BART Transit Village to proceed. •Construction of a 1600-plus space BART patron garage to fulfill BART’s replacement parking requirement; •Initiated construction of the Transit Village, a mixed-use project of residential rental and retail uses (later phases will include for-sale housing and office/business conference center uses); •Funded construction of the affordable housing portion of the Transit Village; •Provided initial financing for backbone infrastructure (roads, drainage, public utility work); •Provided initial funding for place-making infrastructure (parks, open space, greenways, street furniture, etc.); •Constructed an off-site BART patron temporary parking facility, which was removed when the BART garage opened. Additional accomplishments since FY 2003/04 are listed below. •Completed business negotiations and approved business agreements related to the construction of an office building for the California State Automobile Association corporate headquarters—construction began in February 2008 and occupancy was achieved in the Fall of 2009; •Completed the installation of Walden Green, a linear green housing the Iron Horse Trail; •Completed the Iron Horse Trail Gap Closure project in the Hookston Station area; •Completed the Hookston Station landscape improvements; •Initiated final design and awarded a construction contract for the Iron Horse Trail Overcrossing of Treat Boulevard. Project is on schedule for a mid-summer opening; •Initiated a community planning program for a shortcut path to provide a better pedestrian and bicycle link to Contra Costa Centre Area and the BART station. Project has been delayed pending identification of maintenance funding; •Initiated community planning for the development of a mixed-use income, for-sale housing project owned by the Agency on Las Juntas Way. Construction is delayed due to current housing market conditions; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 69 •Created a County Service Area to provide ongoing financing of a Transportation Demand Management Program for the area; •Created a Mello-Roos Community Facilities District to provide maintenance and public improvements in the area; •Financed the acquisition of a fire engine to enhance fire suppression capabilities in the area. 5.2 PROJECT AREA GOALS AND OBJECTIVES The goals and objectives are intended to guide Agency actions toward eliminating the Project Area’s physical and economic blight. As part of the Redevelopment Plan adoption process, community residents worked with the Agency to establish an original set of Project Area goals that, along with the zoning regulations, will continue to direct future actions within the Project Area for the life of the Redevelopment Plan. The Agency also established short-term goals and objectives to guide efforts during the Five-Year Implementation Plan period, as required by Community Redevelopment Law. The Redevelopment Plan goals and the Five-Year Implementation Plan goals and objectives are listed below. Long-Term Transit Oriented Development Goals •Expand the supply of employment and residential land uses in order to better utilize BART’s regional transit accessibility; •Integrate residential and business land uses wherever environmental constraints or overall land-use considerations do not preclude it; •Provide sufficient retail, commercial, civic/public services, and public open space amenities; •Pursue the development of a business conference center to serve the area; •Prevent low intensity development on land better suited for more intense development that will increase utilization of BART; •Assemble small parcels into functionally viable sites, and/or engage in a cooperative planning effort with property owners and other interested parties, in order to prevent underutilization of land supply and a discordant development pattern; •Encourage BART and the private sector to cooperate on solving land development challenges; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 70 •Protect housing within and adjacent to the Project Area from adverse effects of intensification including noise, traffic intrusions, parking conflicts, visual incompatibilities, and obstruction of sunlight; •Maximize the Project Area’s strategic location next to BART, so that new revenues from more intensive land development can be used to support further public improvements; •Equitably disburse the area-wide public infrastructure and program costs among all affected Project Area property owners; •Ensure the area is adequately served by public infrastructure and services including water, sewer, drainage, utilities, fire facilities and equipment, and access to libraries; •Provide childcare services to serve the expanding population of the Project Area; •Provide low- and moderate-income housing as required to achieve a balance of jobs and affordable housing for the effective redevelopment of the entire Project Area. The new housing is expected to be developed in the area generally bounded by Las Juntas Way, Coggins Drive, Treat Boulevard, and Oak Road, and on an Agency owned site on Las Juntas Way. Long-Term Transportation and Circulation Goals •Improve and encourage the use of public transit systems; •Improve automobile access to the BART station particularly from I-680 southbound, and from the neighborhoods to the west of I-680; •Discourage auto traffic patterns that create traffic congestion around the BART facility; •Provide for safe and convenient pedestrian, bicycle, and other alternative mode movement within as well as in and out of the Project Area; •Ensure BART parking facilities are retained in order to reduce vehicles that are parked in nearby residential areas; •Encourage more use of public transit and alternative modes because current BART parking is already at planned levels; •Continue to operate programs that encourage Project Area employees to use public transit and reduce the demand for employee parking; •Encourage the integration of proposed regional rail systems within the Iron Horse Corridor into and through the Project Area. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 71 Long-Term Urban Design Goals •Promote a positive image that has high regional and local identity; •Provide for an appearance within the Project Area that contrasts with and complements adjoining areas; •Protect major stands and individual specimens of native oaks, make the trees a major design feature of the Project Area, and protect other natural environmental resources to the extent feasible; •Provide for a network of public open spaces (parks and urban plazas) to promote a unified sense of development and provide for other amenities in the Project Area; •Maintain views to Mt. Diablo and other distant but dominant natural features from the BART platform; •Ensure that buildings and related site improvements are well designed and functionally and visually compatible with their surroundings. Five-Year Implementation Plan Goals and Objectives •Evaluate alternative approaches to improving access to the area using alternative transportation modes; •Determine preferred Project Area improvements; •Initiate infrastructure improvements through property acquisition, road, drainage, and sewer improvements that are required to facilitate transit-oriented development; •Continue to undertake a Transportation Demand Management (TDM) Program, which will reduce trip generation and facilitate the use of public transit; •Enhance regional pedestrian/bicycle trails; •Establish new public facilities and open space amenities that are consistent with the transit-oriented development concept. 5.3 PROJECTED REVENUES AVAILABLE TO FUND NON-HOUSING IMPROVEMENTS The Agency can collect a maximum of $423 million in tax increment revenue over the life of the Redevelopment Plan and issue $160 million of outstanding debt through the sale of bonds and other loans at any one time. Project improvement activities will be allowed through 2025, after which the Redevelopment Plan will expire. (See Figure 5-1) Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 72 The revenues that will be available to fund non-housing improvements in the Contra Costa Centre Project Area are described below. FIGURE 5-1 Contra Costa Centre Project Area Fiscal Limits Plan Adoption ...............................................................................July 10, 1984 Year that Plan was Last Amended................................................2006 Expiration date to Start Eminent Domain.......................................Expired Debt Repayment...........................................................................July 10, 2036 Plan Effectiveness July 10, 2026 Cumulative Tax Inc. $423,000,000 Bond Debt Limit............................................................................$160,000,000 Data Source: Contra Costa Redevelopment Agency Projected Tax Increment Revenues Tax increment revenues have been and will continue to be the primary source of revenue available to the Agency to fund improvement projects and activities. In contrast to the other four Project Areas, which are anticipated to experience a decline in property values, Fraser & Associates projects that the net tax increment revenues for the Contra Costa Centre Project Area will gain in value because of the area’s strategic regional location and the attraction of new public and private investments.21 The net tax increment revenue is estimated to be $5.4 million during FY 2009/10; each subsequent year the revenues will expand as a result of the Agency’s investments in Project Area improvements. (See Figure 5-2). Consequently, the Agency can anticipate having $32.0 million of cumulative total tax increment revenues available to invest in the Project Area by FY 2013/14. Other Revenue Sources Other revenue sources available to the Agency to make Project Area improvements at Contra Costa Centre include $6.6 million of unexpended capital proceeds and bond balances plus a small amount of interest earned on the unexpended funds. The Agency does not anticipate issuing any new bonds to fund Project Area improvements during the next five years. In addition, no additional 21 The net tax increment estimates represent the revenue that will remain with the Agency after debt service payments, pass through payments, administration fees, and other Agency obligations have been met. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 73 sources of grant funding or developer fees are included in the revenue projections. Debt Service on Past Non-Housing Improvements In order to fund Project Area improvements with bond proceeds the Agency is obligated to commit approximately $3.7 million per year to service the debt of past borrowing for non-housing Project Area improvements. Total Revenues Available to Fund Non-Housing Improvements The unexpended capital proceeds, bond balances, and projected growth of tax increment revenue provide the Contra Costa Centre Project Area with capital to fund Project Area improvements during the next five years. By FY 2013/14 the Agency can anticipate $19.9 million of revenues available from all sources to fund Project Area improvements at the Contra Costa Centre. The Agency will also have additional funds to reinvest in the Project Area from the Capital Fund, bond proceeds issued prior to FY 2008/09, and interest earned on unexpended bond balances. The other revenue sources that can be used to fund improvements in the Contra Costa Centre Project Area are described below, and shown in Figure 5.2. [This space intentionally left blank] Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 74 FIGURE 5-2 Project Revenues Available to Fund Non-housing Improvement Projects in the Contra Costa Centre Project Area FY 2009/10 to 2013/14 ($ Thousand) FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 Tot al Total Tax In crement $7,550 $8,761 $9,607 $10,015 $10,372 $46,305 Housing Set-Aside $1,481 $1,722 $1,890 $1,970 $2,040 $9,103 33676 Adjustment $144 $151 $159 $167 $175 $796 Property Tax Administrative fees $75 $86 $95 $99 $102 $457 AB 1290 tax sharing $318 $560 $732 $816 $890 $3,316 Taxing Entity Share $121 $124 $126 $129 $131 $631 Net Tax In c r emen t Rev en u es $5,411 $6,118 $6,605 $6,834 $7,034 $32,002 Add i tion al Rev en ues Unexpended Capital and Available Bond Proceeds $6,630 $0 $0 $0 $0 $6,630 New Bonds Anticipated for Non-Housing $0 $0 $0 $0 $0 $0 Interest Earnings on Capital Funds $80 $80 $80 $80 $80 $400 Other Revenue Sources $0 $0 $0 $0 $0 $0 Ad di tion al Co st s Debt Service Paid from Non-Housing Fund $3,747 $3,739 $3,739 $3,731 $3,735 $18,691 Total Rev en ues A vai l abl e to Fu nd No n-Hou s in g Pr oj ect s and A ct i vities $8,290 $2,380 $2,870 $3,103 $3,300 Cum ulativ e Revenues A vail abl e to Fu nd No n- Hou sin g Pr oject s and A ct ivi ties $8,290 $10,670 $13,540 $16,640 $19,940 $19,940 Data Sourc e: Contra Costa RDA and Fraser and Associates and CCRDA Analy s is : Wahlstrom & Associates Notes - Data is rounded to the nearest $1,000. Cumulative revenues are rounded to the nearest $10,000. -Other Revenue Sources may include grants and loans, revenues from the lease of Agency owned property, and developer fees 5.4 PROJECTED FIVE YEAR NON-HOUSING PROJECTS AND ACTIVITIES The Agency will undertake projects and activities during the next five years that will reduce blight and achieve the Project Area’s long-term goals and objectives. These projects and activities, as with the Redevelopment Plan Goals, are grouped into three program categories, which are mutually supportive but they also overlap. The projects and activities that the Agency will initiate during the next five years are described below. Transit-Oriented Development Projects and Activities The Agency will continue to invest in projects and activities that encourage job creation, improve the jobs/housing balance, and reduce the Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 75 need to commute elsewhere to work. The Agency will partner with property owners and potential investors to implement land development projects that are consistent with the long-term goal of creating a model, transit-oriented community in the Project Area. Agency staff will also apply for federal and state grants that can help achieve the long-term goals and objectives. Accordingly, projects and activities that the Agency may support during the five year Implementation Plan are listed below. •Sewer, water, and storm drain systems improvements; •Transit Village Development Plan implementation projects— which may include infrastructure improvements, property transfers, and/or public/private partnerships with land developers and property owners; •A marketing strategy to attract new business prospects and identify new development opportunities; •An ongoing effort to market and promote the Project Area as a place to do business and visit—marketing activities may include programs and events that attract activity to the streets and invite people to linger in public places; •Development of a business conference center; •Development of an appropriate civic use space for the area. Transportation and Circulation Projects and Activities The Agency will help fund improvement projects that are designed to upgrade, repair, and improve the transportation and circulation systems. Potential transportation and circulation projects and activities that the Agency may support are listed below. •Roadway and street improvements that improve access to and circulation within the Project Area; •Sidewalks and trails for improved pedestrian and bicycle circulation and safety; •Additional traffic and pedestrian signalization; •Circulation improvements that enhance the appearance, safety, and access within the Project Area—including a wayfinding program; •Pedestrian/bicycle overpass above Treat Boulevard for users of the Iron Horse Trail; •Implementation of a Transportation Management (TDM) Program. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 76 Urban Design Projects and Activities The Agency will help fund urban design and streetscape projects to improve the appearance of the Project Area. Potential urban design and streetscape activities that the Agency may fund are listed below. •Placement of utilities underground; •Additional lighting, landscaping, parks, and trails, including extension of Walden Green; •Public beautification improvements; •Place-making amenities, including parks, plaza, civic uses, etc. 5.5 PROJECTED FIVE-YEAR NON-HOUSING EXPENDITURES The Agency anticipates spending $19.9 million on improvement projects between FY 2009/10 and FY 2013/14. Expenditures will be targeted for the following types of projects and activities: Capital Projects: Projects and activities within this category include utility, road and other infrastructure improvement projects, urban design and streetscape improvements, property acquisition and site improvements particularly related to public/private real estate development partnerships, transit and mixed-use facilities, and other physical development projects. Community Improvement Activities: Projects and activities within this category include beautification programs, placemaking improvements including parks, plazas, and civic uses , and other initiatives that enhance the appearance of the Project Area as well as the quality of life for residents. Economic Development Promotion: Projects and activities within this category include job creation and retention initiatives, policies or programs that enhance the local economy, marketing programs, and other promotional projects, events, or activities. Planning Activities: Projects and activities within this category include those that modify or enforce zoning and land use policies, design future capital improvement projects, strategize economic development and community improvement programs, and plan for urban design and streetscape improvements. Unallocated Expenditures: The Agency intends to reserve $1.4 million to be used for future improvement projects. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 77 FIGURE 5-3 Est i mat es o f Fu tu r e No n -h o u sin g Exp endit u r es i n th e Co nt r a Co s ta Cen t r e Pro j ec t A r ea FY 2004-5 t o 2008-09 Proj ec t s and A c t i v i t i es Projec ted Expendit u r es Capital Projects............................................$13,000,000 Community Improvement Activities...............$4,800,000 Economic Development Activities.................$500,000 Planning Activities........................................$200,000 A n ti c ip at ed Expendi tures b y Cat eg ory $18,500,000 Unallocated Expenditures.............................$1,441,000 Total A n tici p at ed Expen di tur es $19,941,000 Data So u rce: Contra Costa County Redevelopment Agency A n aly sis: Wahlstrom & Associates 5.6 LINKAGE BETWEEN PROJECT AREA IMPROVEMENTS AND BLIGHT REDUCTION AT CONTRA COSTA CENTRE The Agency’s actions since the Project Area was established have eliminated a significant amount of blight. However, the lack of public infrastructure throughout the Project Area continues to impede the removal of additional blight and, therefore, a substantial number of blighting conditions continue to exist in the Project Area. Blighted conditions include the surface parking lot at the BART Station and other underutilized and blighted sites throughout the Project Area. Tax increment financing continues to present the most realistic long-term financing vehicle for removing blight in the Contra Costa Centre Project Area given the cost associated with improvement projects and activities. The proposed programs and expenditures will help eliminate this remaining blight throughout the Project Area. Capital projects facilitate private and public redevelopment of underutilized sites. These sites will then be more intensively redeveloped, eliminating blight and indirectly creating local jobs. Community improvement activities will improve the supply and quality of community services, beautify the neighborhoods and rehabilitate the housing stock. Economic development promotion and planning activities support these programs, and in doing so the elimination and prevention of blight. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 78 5.7 AFFORDABLE HOUSING PROJECTS AND ACTIVITIES CONTRA COSTA CENTRE AFFORDABLE HOUSING PLAN The Agency’s housing activities for the past five years are described below, followed by a discussion of planned activities and expenditures for the next five years. Accomplishments Since Adoption of the 2004/05 Implementation Plan (FY 2004/05 to FY 2008/09) Several of the Agency’s housing-related activities during the past five years were described above, in section 5.1. Two additional housing related accomplishments that were not included in that list are listed below. •Continued to provide financial assistance, as specified in Development and Disposition Agreements (DDA’s), to facilitate the delivery of affordable housing in the Park Regency project and Coggins Square; •Developed a financing plan for the development of the BART Transit Village, which will include mixed-income residential units. Revenues Available To Fund Affordable Housing Projects and Programs The Agency has approximately $10.4 million in housing set-aside funds and fund balance available to support affordable housing projects within the Contra Costa Centre Project Area during the five-year period, as shown in Figure 5-4. Most of these funds are contractually committed as described under project housing expenditures below. In addition, the Agency applies for and receives grant funds for some of its projects. The Housing Fund resources are used by the Agency to facilitate the expansion, improvement, and preservation of the affordable housing supply within the Project Area through the activities and programs discussed above. [This space intentionally left blank] Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 79 FIGURE 5-4 Low and Moderate Income Housing Fund Summary YEAR AMOUNT Balance, August 2009............. $1,314,700 2009-2010............................... 1, 481,000 2010-2011............................... 1,722,000 2011-2012............................... 1,890,000 2012-2013............................... 1,970,000 2013-2014............................... 2,040,000 Tot al $10,417,700 Source: Fraser and Associates and Contra Costa Redevelopment Agency Anal ysis: Vernazza Wolfe Associates Not e: Fund balance numbers are rounded to the nearest $100 Planned Housing Activities, FY 2009/10 to 2013/14 During the next five years, the Agency will continue its past activities and priorities within the Contra Costa Centre Project Area. The Agency will carry on working to encourage development of housing affordable to a variety of income levels combining various funding sources. The specific goals and objectives, including those stated in the most recent Agency budget are described below: •Provide financial assistance, as provided for in DDA, to facilitate the delivery of affordable housing in the Park Regency project, Coggins Square, and the BART Transit Village; •Undertake property transfers necessary to facilitate the delivery of affordable housing in the area, including: (1) Implementing a plan of finance for the development of the BART Transit Village as a mixed-income residential/mixed-use property, and (2) Implementing a coordinated program with the City of Walnut Creek for determining a development type, developer, plan of finance, and schedule for the Agency-owned property at 1250 Las Juntas Way. These Project Area housing activities support the goals adopted in the County’s Housing Element. The Agency’s planned programs and activities for the next five years include the following. •Execute the financing plan for the development of the BART Transit Village as a mixed income residential/mixed-use property; •In conjunction with the City of Walnut Creek, determine a development type, developer, plan of finance, and development schedule for the Agency owned property at 1250 Las Juntas Way. Agency funds may be considered but are not currently programmed; •Continue to provide financial assistance, as provided for in DDA’s, to facilitate the delivery of affordable housing in the Park Regency project, Coggins Square, and the BART Transit Village; •Undertake property transfers necessary to facilitate the additional development of affordable housing in the area. Projected Housing Expenditures, FY 2009/10 to 2013/14 The estimated expenditures for future housing activities are shown below in Figure 5-5. Approximately one half of the Agency’s planned housing expenditures will be for financial assistance for affordable projects. The expenditures for Park Regency and Coggins Square are a continuation of earlier annual expenditures. Beginning in 2010/11, the Agency will begin making payments (estimated at $850,000 annually) to support affordable housing at Avalon Bay, part of the BART Transit Village. The Agency plans to begin repaying the County for funds that were advanced to the Agency to spend on affordable housing activities that were completed in the 1980s and 1990s. The Agency expects to repay approximately $200,000 to $500,000 per year to the County during the next five years, for a total of up to $2,500,000. The Agency will add to its Housing Development Fund as well ($1,517,700). The Agency expects to take advantage of various opportunities as they are presented and to initiate actions as necessary, consistent with the CRL and the County’s Housing Element, to preserve and facilitate the development of housing affordable to households whose basic needs are not met by the private housing market. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 80 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 81 FIGURE 5-5 Projected Housing Expenditures in Contra Costa Centre Project Area FY 2009/10 to 2013/14 Planned Ex pendit u r esHousing Pro gram A m ount Per cent Financial Assistance for Affordable Projects Park Regency $2,500,000 Coggins Square 500,000 Avalon Bay (BART Transit Village) (1) 3,400,000 Su bto tal $6,400,000 61.4% Repayment of County Debt for Housing Activities 2,500,000 24.0% Housing Development Fund 1,517,700 14.6% To tal $10,417,700 100.0% Sourc e: Contra Costa Redevelopment Agency Analys is : Vernazza Wolfe Associates 5.8 AFFORDABLE HOUSING PRODUCTION PLAN This section describes the production of new housing in the Project Area and how the Agency is meeting its legal obligations to develop and rehabilitate additional affordable housing units. The Agency’s efforts to develop new affordable housing units are guided by the County’s recently adopted Housing Element, the County’s regional fair share housing needs allocation, and various County policies and programs that promote affordable housing.22 The Agency has made excellent progress in facilitating development of affordable housing units the Project Area. The Agency has complied with the housing production requirements, and, in fact, more affordable housing units have been developed than required by redevelopment law. Historical Housing Production and Affordable Housing Obligations Housing production in the Project Area is summarized in Figure 5-6. At the beginning of the Implementation Plan period 1,183 units had been built in the Project Area, including 208 affordable units. There was a surplus of 30 affordable units overall and 93 units for very low-income households. Because no additional housing units were built during the 22 The County submitted its Draft Housing Element Revised in Response to HCD Comments in June 2009. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 82 Implementation Plan period, the surpluses still exist as the next Implementation Plan period begins. Future Housing Production Figure 5-6 shows projected housing production for the next five years and over the life of the Redevelopment Plan. There are two projects currently underway or in planning that are expected to add 135 units to the Project Area. There are 422 residential rental units on Blocks A, B, and E of the BART Transit Village. Timing for these projects may be affected by market conditions. Because of the large number of very low-income units already developed, the Project Area is well positioned to remain in compliance even as some market-rate development occurs in the Project Area. [This space intentionally left blank] Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 83 FIGURE 5-6 House Production and Affordable Housing Obligation in Contra Costa Centre Project Area TOTA LS FOR PERIOD Th r o ugh FY 2003/04 FY 2004/05 FY 2005/06 FY 2006/07 FY 2007/08 FY 2008/09 FY2009/10- FY2013/14 (Pr oj ect ed ) Cu r r en t A s of End of FY 2008/09 FY2004/05 t o FY2013/14 (a) To tal o ver Life of Plan (b) Percent Hou sin g Pr odu ct i o n i n Pr oj ect A r ea (c) New Units 1,183 0 0 0 0 0 522 1,183 522 1,705 Substantial Rehabilitation 0 0 0 0 0 0 0 0 0 0 Total 1,183 0 0 0 0 0 522 1,183 522 1,705 CRL A ff ord ab le Hou sing Obli gati on (d) Very Low 71 0 0 0 0 0 32 71 32 103 6% Very Low, Low or Moderate 178 0 0 0 0 0 79 178 79 256 15% Pr odu c ti o n of A ff ordab l e Hou sin g (Actu al th r u 2007/08) (e) Very Low 164 0 0 0 0 0 85 164 85 249 Very Low, Low or Moderate 208 0 0 0 0 0 85 293 85 353 Af f ordable Pr odu c ti on Surpl u s (Defi c it ) (f ) Very Low 93 0 0 0 0 0 53 93 53 196 Very Low, Low or Moderate 30 0 0 0 0 0 6 115 6 97 Source: Contra Costa County Redevelopment Agency, Wahlstom & Associates. Analysis: Vernazza Wolfe Associates Note: Percentages may not add exactly due to rounding. CRL affordable housing production requirements are rounded up to the nearest whole unit. a. As required by CRL, total units over ten year compliance period (Section 33490(a)(2)(B)). b. As required by the CRL, total units over the life of the Redevelopment Plan (Section 33490(a)(2)(B)). Includes projected production after 2013/14. c. Total units produced in the Project Area during the specified time period. d. Number of affordable units required based on units produced. Affordable housing production obligation for non-Agency developed housing requires 15% of total units to be available at affordable cost. Of those units, at least 40% must be affordable to very low income households (6% of the total units). Agency developed housing has higher inclusionary requirements. The Agency has not, and does not anticipate, directly developing units. e. Number of units satisfying CRL affordable housing production obligation. Affordable units produced outside Project Area counted on a one for two basis. f. Remaining affordable housing surplus or obligation at the end of the period. 5.9 REPLACEMENT HOUSING REQUIREMENTS The Agency is required to replace, within four years after removal, any housing units in the Project Area that have been removed. Previous redevelopment activities resulted in the removal of 93 housing units between 1984 and 1988. The housing units removed were subsequently replaced in 1991, when the Park Regency apartment complex was developed. This means that the Agency does not have a replacement housing obligation because all housing units that were removed from the Project Area have been replaced as required by law. The Agency does not expect to undertake additional projects that could result in the displacement of households in the next ten years. In the event that changes and the removal of housing units occurs, the Agency will plan for and undertake replacement of any units, and will follow all state requirements for replacement housing and relocation. 5.10 TARGETING CONTRA COSTA CENTRE’S HOUSING FUND EXPENDITURES There are two requirements regarding targeting of housing fund expenditures, one related to the income groups served and one to age. Targeting Low- and Very Low-Income Households The Agency has spent approximately $6 million of its Housing Fund during the past five years to assist the production of affordable housing. These funds were used to provide affordable housing and assist development of Park Regency, Coggins Square, and the BART Transit Village. Almost all of the funds were for the benefit of very low-income households. During the prior five year period, the Agency spent an additional $1.5 million in housing funds. For the two periods combined, 86 percent of the funds benefited very low-income households and 12 percent benefited low-income households. The Agency has significantly exceeded its targeting requirement of 39 percent of funds for the very low-income category. Targeting Non-Seniors Thus far, no Housing Fund expenditures have provided financial assistance to projects for seniors only. All of the expenditures have benefited non-seniors. Thus, the Agency complies with the requirement to provide at least 70 percent of the housing funds to benefit non-senior households and to limit the Housing Fund expenditures for senior housing to 30 percent of all Housing Fund expenditures. Even if a senior housing development is assisted during the next five years, the Agency is expected to be in compliance in 2014, the initial period for assessing compliance, because of the large number of non-senior units that already have been assisted. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 84 Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 85 The 1,550-acre Bay Point Redevelopment Project Area was established in 1987 in order to improve neighborhood conditions, attract commercial services, and revitalize the neighborhood 66 BBaayy PPooiinntt PPrroojjeecctt AArreeaa IImmpplleemmeennttaattiioonn PPllaann The community has an underutilized waterfront with limited access; lacks commercial services; and suffers from inadequate and obsolete utilities, drainage, sewers, and streets. Redevelopment activities are intended to remove blight by revitalizing the existing commercial spaces, restoring the waterfront for public purposes, redeveloping properties for new business establishments that will create jobs for local residents, and revitalizing the residential neighborhoods. The improvement of basic services could attract new private investment, leading to job creation and greater access to affordable housing. The Project Area is generally bounded on the east by the City of Pittsburg, on the south by State Route 4, and on the west by the former Concord Naval Weapons Station, and on the north by the Santa Fe railroad tracks. Bay Point is a residential neighborhood with a scattered inventory of local-serving businesses located along Willow Pass Road and Port Chicago Highway. The neighborhood-serving Shore Acres Shopping Center suffers from significant blight and a poor location. Many commercial buildings are vacant and deteriorated. The Project Area also includes a substantial number of infill sites that can be developed for residential, commercial, and industrial uses. 6.1 AGENCY’S PAST NON-HOUSING ACCOMPLISHMENTS AND EXPENDITURES The Agency has funded a number of housing, public safety, health, infrastructure, urban design, and economic and community development projects in the Bay Point Project Area as part of the efforts to attract jobs, remove blight, and improve access to affordable housing. The Agency’s accomplishments since FY 2004/05 are listed below. •Sponsored the preparation of a Specific Plan and General Plan amendment for the Pittsburg/Bay Point BART Station, in collaboration with the City of Pittsburg and the BART District—the Specific Plan was adopted by the County in 2002 and was part of a larger joint effort to plan the area around the BART Station for transit-oriented development; •Acquired 39 of the 45 parcels in the Orbisonia Heights area near the BART station, as part of the land assembly component of the Specific Plan—land acquired by the would then be used for commercial/mixed-use development that is consistent with the Specific Plan; •Funded the Waterfront Strategic Plan (and Environmental Impact Report), which planned urban design improvements to provide improved pedestrian and bicycle access to the waterfront in order to revitalize the Marina; •Funded a community planning process to create a conceptual plan for the development of an eight-acre site in the North Broadway Neighborhood—the plan followed new urbanist concepts, allowing for a mix of residential and commercial development along Willow Pass Road; •Facilitated the development of 69 single-family, and 49 multi-family units, which were part of a residential and commercial mixed-use project in the North Broadway area—an additional nine-unit project is pending; •Completed the infrastructure and traffic circulation improvements for the North Broadway Neighborhood—the improvements were implemented for portions of North Broadway, Solano, Pullman, and Poinsettia Avenues; Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 86 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 87 •Secured approval from the County Board of Supervisors to adopt a Planned-Unit District Zoning (P-1) Program for the Project Area and adjacent waterfront property; •Funded a retail capacity study to identify and prioritize areas in Bay Point best suited for retail development; •Funded the creation of a website that identifies available sites within Bay Point that could accommodate new residential or commercial development; •Funded economic development promotion in Bay Point by creating business attraction and retention marketing materials; •Secured approval from the County Board of Supervisors—on July 13, 2004—for the Bay Harbor Commerce Center Project, which allowed Bay Point Venture One to develop a light industrial/business park at the northeast intersection of Port Chicago Highways and Pacifica Avenue; •Funded the General Plan Amendment, adding the extensions of Pacifica Avenue and Alves Lane into the Circulation Element to provide access to the Bay Harbor Business Park, Waterfront, and development of the Criterian property; •Created the Community Group Funding Program to support neighborhood beautification projects that eliminate blight and foster a sense of community and pride among the local residents; •Assisted the Mt. Diablo Unified School District to secure a portable building for after school programs at Riverview Middle School; •Established the Community Preservation-Abatement and Revolving Loan Fund; •Provided financial assistance to Habitat for Humanity in June 2005 to acquire real property to expand the supply of affordable housing; •Created a Housing Development Fund to be used for site acquisition or predevelopment costs to expand the supply of affordable housing; •Funded the construction of curb, gutter, and sidewalks on Willow Pass Road, and the median landscaping on the Port Chicago Highway; •Funded median and landscape installation at the intersection of Willow Pass Road and Port Chicago Highway; •Funded flood control improvements along Bailey Road, north of State Route 4; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 88 •Installed frontage improvements, including curbs, gutters, and sidewalks along Alves Lane; •Provided loans to numerous first time homebuyers; •Partnered with the Ambrose Recreation and Park District to fund numerous improvements to parks and community centers; •Worked with the Code Enforcement Division of the Building Inspection Department to implement a dumpster program for use by low-income property owners; •Sponsored the Avenue Banner Program for Willow Pass Road and Bailey Road; •Retained ownership of 96 Enes Avenue and redeveloped 116 Solano Avenue for long-term affordable housing uses in Bay Point; •Initiated a study of infrastructure needs in the Bella Vista neighborhood, between Loftus Road and Madison Avenue; •Initiated a program to purchase and rehabilitate foreclosed homes, in conjunction with the Neighborhood Stabilization Program; •Developed improvement plans for Bailey Road, between State Route 4 and Leland Avenue, in collaboration with the City of Pittsburg; •Initiated a planning program for pedestrian and bicycle improvements on Bailey Road, between Willow Pass Road and State Route 4; •Collaborated with the Public Works Department on the Willow Pass Road Safety Improvement project. 6.2 PROJECT AREA GOALS AND OBJECTIVES The goals and objectives are intended to guide Agency actions toward eliminating the Project Area’s physical and economic blight. As part of the Redevelopment Plan adoption process, community residents worked with the Agency to establish an original set of long-term goals—which will continue to direct future actions within the Project Area for the life of the Redevelopment Plan. Subsequent to the adoption of the Redevelopment Plan, other long-term community and economic development goals were articulated through documents such as the 2000 Implementation Plan and Midterm Review. The Agency also established short-term goals and objectives to guide efforts during the Five Year Implementation Plan period, as required by Community Redevelopment Law. The Redevelopment Plan goals and the Five-Year Implementation Plan goals and objectives are listed below. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 89 Long-Term Redevelopment Development Goals •Stimulate new light industrial development in order to help Bay Point become a productive and attractive economic center—providing jobs for community residents and enhancing the local tax base; •Revitalize and expand commercial development in the area; •Provide major infrastructure improvements in order to serve Bay Point’s existing residents and businesses, and to accommodate future growth; •Upgrade the existing residential neighborhoods by rehabilitating existing housing units, and by facilitating infill housing construction, developing neighborhood parks, and improving neighborhood infrastructure; •Stimulate the construction of new affordable housing. Long-Term Community Improvement and Economic Development Goals •Attract businesses to the Project Area in order to create jobs for community residents and enhance the local tax base; •Implement road, drainage, water, and sewer improvements; •Encourage and support public-private partnerships that address community needs; •Encourage and support community participation; •Leverage the Agency’s resources with grants, loans and other funding opportunities; •Improve and expand the type and quality of community facilities; •Expand and improve the commercial/economic development opportunities and create focal points in the existing commercial strips; •Market the Pittsburg/Bay Point Enterprise Zone to existing and new business prospects. Five-Year Implementation Plan Goals and Objectives •Implement the Pittsburg/Bay Point BART Station Specific Plan; •Implement a marketing program to attract new businesses, improve jobs/housing balance, and expand the tax base; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 90 •Continue efforts to improve the attractiveness of Bay Point at the community entrances and at the waterfront; •Continue efforts to improve the Willow Pass Road, Bailey Road, and Port Chicago Highway corridors; •Continue to promote residential infill development and rehabilitation of vacant and foreclosed homes. 6.3 PROJECTED REVENUES AVAILABLE TO FUND NON-HOUSING IMPROVEMENTS The Agency can collect a maximum of $116 million in tax increment revenue over the life of the Redevelopment Plan and issue $60 million of outstanding debt through the sale of bonds and other loans at any one time. Project improvement activities will be allowed through 2027, after which the Redevelopment Plan will expire. (See Figure 6-1) The revenues that will be available to fund non-housing improvements in the North Richmond Project Area are described below. FIGURE 6-1 Bay Point Project Area Fiscal Limits Plan Adoption ………………………………………………………. December 29, 1987 Year that Plan was Last Amended................................................2008 Expiration date to Start Eminent Domain.......................................Dec 29, 2011 Debt Repayment...........................................................................Dec 29, 2038 Plan Effectiveness ........................................................................Dec 29, 2028 Cumulative Tax, Inc. ....................................................................$116,000,000 Bond Debt Limit............................................................................$60,000,000 Source: Contr a Cost a Redevel o p men t Agen c y Projected Tax Increment Revenues Tax increment revenues have been and will continue to be the primary source of revenue available to the Agency to fund improvement projects and activities. Fraser & Associates project that the Bay Point Project Area will earn $1.1 million of net tax increment revenues during FY 2009/10, but the revenues will significantly decline to approximately $770,000 during FY 2010/11. Given the lack of property value appreciation, the net tax increment revenues will stagnate during the remainder of the IP period. Consequently, $4.2 million of cumulative tax Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 91 increment revenues are anticipated to accrue to the Agency through FY 2013/14 (See Figure 6-2).23 In contrast, the current Implementation Plan projected $11 million of cumulative tax increment revenues that the Agency could use to fund Bay Point’s non-housing improvements between FY 2004/05 and FY 2008/09.24 The recession and the decline of property values that started in 2007 will reduce the revenues available to fund Project Area improvements during the next five years. Other Revenue Sources Other revenue sources available to the Agency to make Project Area improvements in Bay Point include $11.7 million of unexpended capital proceeds and bond balances, plus a small amount of interest earned on the unexpended funds. The Agency does not anticipate issuing any new bonds to fund Project Area improvements during the next five years. In addition, no additional sources of grant funding or developer fees are included in the revenue projections. Debt Service on Past Non-Housing Improvements In order to fund Project Area improvements with bond proceeds the Agency is obligated to commit approximately $1.9 million per year to service the debt of past borrowing for non-housing Project Area improvements. Borrow to Cover Negative Returns The negative debt service caused by declining property values and tax increment revenues will counter-balanced by other sources or from new bond revenues. Total Revenues Available to Fund Non-Housing Improvements The unexpended capital proceeds and bond balances provide North Richmond with most of the available capital to fund Project Area improvements during the next five years. Relatively small amounts of new funding are projected to accrue to the Agency during the remainder 23 The net tax increment estimates represent the revenue that will remain with the Agency after pass through payments, administration fees, and other Agency obligations have been met, not counting debt service. 24 See Contra Costa County Implementation Plan FY 2004/05 to FY 2008/09. Table VI-2 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 92 of the IP period. By FY 2013/14, the Agency can anticipate $10.8 million of revenues available from all sources to fund Bay Point’s Project Area improvements. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 93 FIGURE 6-2 Project Revenues Available to Fund Non-housing Improvement Projects in the Bay Point Project Area FY 2009/10 to 2013/14 ($ Thousand) FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 Total To tal Tax Incr em ent $2,490 $2,012 $2,046 $2,081 $2,115 $10,774 Housing Set-Aside $370 $271 $274 $277 $280 $1,472 33676 Adjustment $640 $659 $678 $698 $717 $3,392 Property Tax Administrative fees $21 $17 $17 $17 $18 $90 AB 1290 tax sharing $0 $0 $0 $0 $0 $0 Taxing Entity Share $367 $297 $302 $308 $314 $1,588 Net Tax In c r em en t Rev en u es $1,090 $770 $780 $780 $790 $4,200 A d dit io n al Revenues Unexpended Capital and Available Bond Proceeds $11,673 $0 $0 $0 $0 $11,673 New Bonds Anticipated for Non-Housing $0 $0 $0 $0 $0 $0 Interest Earnings on Capital Funds $38 $38 $38 $38 $38 $190 Other Revenue Sources $0 $0 $0 $0 $0 $0 Additional Costs Debt Service Paid from Non-Housing Fund $1,927 $1,921 $1,918 $1,920 $1,914 $9,600 To tal Revenu es A vail ab l e to Fund Non - Ho us i n g Pr ojec ts and A cti viti es $10,840 ($1,150)($1,140)($1,140)($1,130) B o r r owi ng t o Co v er Negative Return s $1,150 $1,140 $1,140 $1,130 Cu mulativ e Revenues A vai l ab l e to Fund Non- Ho us i n g Pr ojects and A cti viti es $10,840 $10,840 $10,840 $10,840 10,840 $10,840 Dat a Sourc e: Contra Costa RDA and Fraser and Associates A n aly si s: Wahlstrom & Associates Notes - Data is rounded to the nearest $1,000. Cumulative revenues are rounded to the nearest $10,000. -Other Revenue Sources may include grants and loans, revenues from the lease of Agency owned property, and developer fees 6.4 PROJECTED FIVE YEAR NON-HOUSING PROJECTS AND ACTIVITIES During the next five years, the Agency will form partnerships with property owners and potential investors to implement land development projects, and will undertake projects and activities that reduce blight and help accomplish the Redevelopment goals and objectives for Bay Point. The Agency will provide land development assistance through business incentives, loans, land write-downs, and other tools that can reduce the cost of business operations. The Agency will submit grant applications to implement the Redevelopment Plan. Projects and activities that the Agency may fund through FY 2013/14, intended to expand the job base and improve the quality of life for residents, are listed below. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 94 •Continue to support job creation projects such as the Bay Harbor Commerce Center Project, which is a light industrial business park under development; •Continue efforts to improve the infrastructure needed to attract light industrial and other job creating businesses; •Continue efforts to market the Bay Point Project Area through the Agency’s website and printed marketing materials; •Continue efforts to refer new and existing businesses to programs such as the County CDBG Small Business and Micro-Enterprise Loan and Grant, those offered by the Small Business Administration, and the Recycling Market Development Revolving Loan; •Market the Pittsburg/Bay Point Enterprise Zone to existing and new businesses; •Continue initiatives to implement the Pittsburg/Bay Point BART Station Specific Plan; •Continue initiatives to attract a land developer to plan and implement a residential mixed-use, transit-oriented project at the Orbisonia Heights site; •Continue initiatives to redevelop and revitalize the marina and waterfront in collaboration with property owners, state and regional agencies, and other private interests; •Continue efforts to design and construct bike lanes along Port Chicago Highway between Pacifica Avenue and McAvoy Road/Harris Yacht Harbor area; •Administer the Community Group Funding Program to support neighborhood beautification projects that eliminate blight and encourage community pride; •Monitor the relocation of the Contra Costa Fire District Station 86; •Provide office space for the Pittsburg Pre-School Coordinating Council’s Family Preservation and Support Program in the North Broadway area; •Design the Delta DeAnza trail gap closure project and identify potential funding sources; •Continue the Community Preservation-Abatement and Revolving Loan Program to fund the repair of substandard and unsafe structures; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 95 •Continue revitalizing the waterfront area by implementing the Waterfront Strategic Plan; •Implement the urban design standards and streetscape improvements called for by the Pittsburg/Bay Point BART Station Area Specific Plan; •Implement the P-1 Zoning District, which allows for more creative and flexible design for all developments than would be permitted under conventional residential districts; •Initiate the Bella Vista area infrastructure improvement program. 6.5 PROJECTED FIVE-YEAR NON-HOUSING EXPENDITURES The Agency is projected to spend $11.7 million on improvement projects between FY 2009/10 and FY 2013/14. Expenditures will be targeted for the types of projects and activities described below (See Figure 6-3): Capital Projects: Projects and activities within this category include utility, road and other infrastructure improvement projects, urban design and streetscape improvements, property acquisition and site improvements particularly related to public/private real estate development partnerships, transit and mixed-use facilities, and other physical development projects. Community Improvement Activities: Projects and activities within this category include beautification programs, hazardous waste and other garbage remediation programs, code enforcement support, and other initiatives that enhance the appearance of the Project Area as well as the quality of life for residents. Economic Development Promotion: Projects and activities within this category include job creation and retention initiatives, policies or programs that enhance the competitiveness of local residents including job training, and skills development, marketing programs, and other promotional projects, events, or activities. Planning Activities: Projects and activities within this category include those that modify or enforce zoning and land use policies, design future capital improvement projects, strategize economic development and community improvement activities, and plan for urban design and streetscape improvements. Unallocated Expenditures The Agency plans to reserve 1.42 million for future improvement projects. The funds will be expended after the life of the current Implementation Plan, which is concluded on FY 2013/14. FIGURE 6-3 Estimates of Future Non-housing Expenditures in the Bay Point Project Area FY 2004-5 to 2008-09 Pr oj ects and A ct i vities Pr oj ect ed Ex pen di tu r es Capital Projects........................................................... $8,000,000 Community Improvement Activities ............................. $1,000,000 Economic Development Activities................................ $250,000 Planning Activities....................................................... $1,000,000 A nti c ipat ed Expend i t ures by Cat eg ory $10,250,000 Unallocated Expenditures............................................ $1,423,000 Tot al Anti cipat ed Ex pend i t ures $11,673,000 So u r ce: Contra Costa County RDA A naly s is : Wahlstrom & Associates 6.6 LINKAGE BETWEEN PROJECT AREA IMPROVEMENTS AND BLIGHT REDUCTION IN BAY POINT A substantial number of blighting conditions continue to exist in the Bay Point Project Area— including incompatible adjacent land uses, vacant buildings that are obsolete or dilapidated beyond the point of rehabilitation, and inadequate public improvements and infrastructure. The blighting conditions that would require more intensive redevelopment for retail commercial and light industrial uses continue to exist along Willow Pass Road and Port Chicago Highway, and within the unincorporated sites located near the Pittsburg/Bay Point BART Station, along Bailey Road, along the waterfront, and elsewhere in the Project Area. Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 96 Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 97 6.7 AFFORDABLE HOUSING PROJECTS AND ACTIVITIES BAY POINT AFFORDABLE HOUSING PLAN The Agency’s housing activities for the past five years are described below, followed by a discussion of planned activities and expenditures for the next five years. Accomplishments Since Adoption of the 2004/05 Implementation Plan (FY 2004/05 to FY 2008/09) The Agency’s primary housing-related activities during the past five years are the following. •Agency assisted nonprofit and private developers to develop more affordable housing throughout Bay Point; •Agency staff assisted developers to build high-density residential and mixed-use projects; •Staff initiated the Orbisonia Heights land assembly program—the first step in implementing the BART Specific Plan—with 32 of 49 parcels acquired; •The Agency initiated and adopted a Replacement Housing Plan for the Orbisonia Heights Project; •Staff worked with County Counsel, District V Office, and Building Inspection to address code enforcement and abatement activities in the Bay Point Project Area; •The Agency provided loans to numerous first-time homebuyers. Revenues Available to fund Affordable Housing Projects and Programs The Agency is projected to have approximately $3.9 million in housing set-aside funds and fund balance available to support affordable housing projects within the Bay Point Project Area during the five-year period, as shown in Figure 6-4. Another $5.2 million of remaining bond proceeds is available for housing activities. Thus, the Agency can expect approximately $11.4 million of funding available for affordable housing projects and programs during the next five years. The Agency applies for and receives grant funds for some of its projects. The Housing Fund resources are used by the Agency to facilitate the expansion, improvement, and preservation of the affordable housing Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 98 supply within the Project Area through the activities and programs discussed above. [This space intentionally left blank] Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 99 FIGURE 6-4 Low and Moderate Income Housing Fund Summary YEA R A MOUNT Balance, June 2009 (1)............ $2,404,500 2009-2010............................... 370,000 2010-2011............................... 271,000 2011-2012............................... 274,000 2012-2013............................... 277,000 2013-2014............................... 280,000 Unexpended Bond Proceeds $5,165,700 Total $9,042,200 Sou r c e: Contra Costa Redevelopment Agency and Fraser & Associates A n alys i s: Vernazza Wolfe Associates No tes : Fund balance and unexpended bond proceeds are rounded to the nearest $100 Planned Housing Activities, FY 2009/10 to 2013/14 The Agency’s housing plans for the Bay Point Project Area over the next five years constitute a continuation of past activities and priorities. The Agency will continue to combine various funding sources to encourage development of housing affordable to a variety of income levels. The specific goals and objectives as stated in the most recent Agency budget are described below: •Work with appropriate nonprofit and for-profit organizations in developing affordable housing and actively participate in development activities where feasible; •Continue to work with the nonprofit developer (Habitat for Humanity) on the development of property and the entitlements for single-family residences on an infill site. These Project Area housing activities support the goals adopted in the County’s Housing Element. The Agency’s planned programs and activities for the next five years include the following. •Implement the Replacement Housing Plan for the Orbisonia Heights project; •Assist in the relocation and replacement of the Youth Homes Facility (formerly located in Orbisonia Heights neighborhood); •Continue to provide financial assistance to Habitat for Humanity to develop affordable housing projects in the Project Area; Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 100 •Continue the Homebuyer Resale Transaction Costs Program. Funds are used to purchase, hold and resell deed-restricted units in the Project Area; •Implement the Community Preservation Program to acquire foreclosed properties, rehabilitate the homes where needed, and then resell them to other homebuyers; •Continue the Housing Rehabilitation Program to provide loans to low- and moderate-income homeowners to repair and modernize single- family homes; loans are also available to investor/owners who plan to upgrade their rental properties; •Continue to work with County Counsel, District V Office, and Building Inspection to address code enforcement and abatement activities in the Bay Point Project Area. Additional programs available to support affordable housing in the Project Area are described below in more detail. Housing Rehabilitation Loan Program Bay Point residents may participate in the Agency’s Housing Rehabilitation Loan Program. The Program is for low- and moderate- income owner-occupants of residential properties. Loans to low- and moderate-income households will be made to improve interior and exterior conditions that cause a unit to fail housing quality standards and threaten the health and safety of the occupants. The program, which is administered by the Building Inspection Neighborhood Preservation Program, offers loans with interest rates that range from zero to three percent simple interest depending on household income. Homebuyer Assistance-Foreclosed Properties The Agency is developing a program to acquire foreclosed homes in Bay Point and the other Project Areas. The Program may work in coordination with the Neighborhood Stabilization Program (NSP), which is funded by the Department of Housing and Urban Development and administered by the Contra Costa County Department of Conservation and Development. The County plans to use the NSP funds to acquire foreclosed properties, rehabilitate the homes where needed, and then resell to other homebuyers. NSP funds may also be used to assist with closing costs, down payments, and land banking for future development. Amnesty Program Implementation Bay Point property owners are eligible to participate in the County’s temporary amnesty program for specific housing code issues. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 101 Housing Development Fund The Agency has set aside funds to assist in the development of affordable housing. Projected Housing Expenditures, FY 2009/10 to 2013/14 The Project Area housing activities support the goals adopted in the County’s Housing Element. The estimated expenditures for future housing activities are shown in Figure 6-5. Approximately 26 percent of expenditures are planned for the Housing Rehabilitation Program, with both Community Preservation and the Housing Development Fund having allocations of approximately 18 percent each. The Agency expects to take advantage of various opportunities as they are presented and to initiate actions as necessary, consistent with the CRL and the County’s Housing Element, to preserve and facilitate the development of housing affordable to households whose basic needs are not met by the private housing market. FIGURE 6-5 Projected Housing Expenditures in Bay Point Project Area FY 2009/10 to 2013/14 Ho u sin g Pr o g r am Plan ned Exp end i t ures Per c en t Habitat................................................................. $553,000 6.1% Youth Homes Predevelopment............................ $237,000 2.6% Housing Development Fund................................ $1,579,000 17.5% Homebuyer Resale Transaction Costs ................ $711,000 7.9% Housing Rehabilitation Program.......................... $2,369,800 26.2% Community Preservation (foreclosed homes)...... $1,579,900 17.5% Low to Moderate Housing Program..................... $789,900 8.7% Unallocated Expenditures $1,221,700 13.5% Tot al $9,042,200 100.0% So u r ce: Contra Costa Redevelopment Agency A n aly s is : Vernazza Wolfe Associates 6.8 AFFORDABLE HOUSING PRODUCTION PLAN This section describes the production of new housing in the Project Area and how the Agency is meeting its legal obligations to develop and rehabilitate additional affordable housing units. The Agency’s efforts to develop new affordable housing units are guided by the County’s recently adopted Housing Element, the County’s regional fair share Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 102 housing needs allocation, and various County policies and programs that promote affordable housing.25 The Agency has made good progress in facilitating development of affordable housing units the Project Area. The Agency has complied with the housing production requirements and is expected to continue to do so as residential development continues in the Project Area, especially as the mixed-use development in the BART Specific Plan proceeds. Historical Housing Production and Affordable Housing Obligations Housing production in the Project Area is summarized in Figure 6 6. At the beginning of the Implementation Plan period, 393 units had been built or substantially rehabilitated in the Project Area, including 186 affordable units. There was a surplus of 103 affordable units overall, of which three units were for very-low income households. There were an additional 290 units built during the past five years. Future Housing Production Figure 6-6 shows projected housing production for the next five years and over the life of the Redevelopment Plan. Rebuilding of the Orbisonia Heights area is expected to add at least 48 homes, some of which will be affordable units. Timing for this project may be affected by market conditions. [This space intentionally left blank] 25 The County submitted its Draft Housing Element Revised in Response to HCD Comments in June 2009. FIGURE 6-6 House Production and Affordable Housing Obligation in Bay Point Project Area TOTA LS FOR PERIOD Contra Costa RDA Implementation Plan, FY 2009/10 to FY 2014/15 January 2010 103 6.9 REPLACEMENT HOUSING REQUIREMENTS The Agency is required to replace within four years after removal any housing units in the Project Area that have been removed. Previous redevelopment activities resulted in the removal of 106 housing units through 2006/07. The housing units removed were subsequently replaced, and the Agency’s replacement housing obligation for those units was satisfied. The Agency is currently facilitating the Orbisonia Heights Redevelopment Project, part of the BART Specific Plan that will include mixed-use, residential, transit-oriented development. This project will Throug h FY 2003/04 FY 2004/05 FY 2005/06 FY 2006/07 FY 2007/08 FY 2008/09 FY2009/10 to FY2013/14 (Pro jec t ed ) Cur r ent FY2004/05 Total ov er As of t0 L ife of End o f FY2013/14 Pl an (b)FY 2008/09 (a) Perc ent Ho usi ng Prod uction in Proj ec t Area (c) New Units 196 254 16 10 2 8 325 486 615 1,211 Substantial 197 0 0 0 0 0 197 0 217Rehabilitation To tal 393 254 16 10 2 8 325 683 615 1,428 CRL Afford abl e Housing Ob li gat io n (d ) Very Low 38 16 1 1 1 1 20 41 37 86 6% Very Low, Low 83 39 3 2 1 2 49 103 93 215or Moderate 15% Producti on of A f fo rdab l e Hous ing (Actu al t hru 2007/08) (e) Very Low 41 0 0 0 0 0 0 41 0 116 Very Low, Low 186 180 0 10 0 0 0 376 190 376or Moderate Affordable Prod ucti on Surplus (Def ic it ) (f) Very Low 3 (16) (1) (1) (1) (1) (20) 0 (37) 30 Very Low, Low 103 141 (3) 8 (1) (2) (49) 273 97 361or Moderate Source: Contra Costa County Redevelopment Agency, Wahlstom Associates. Notes : Percentages may not add exactly due to rounding. CRL affordable housing production requirements are rounded up to the nearest whole unit. a. As required by CRL, total units over ten year compliance period (Section 33490(a)(2)(B)). b. As required by the CRL, total units over the life of the Redevelopment Plan (Section 33490(a)(2)(B)). Includes projected production after 2013/14. c. Total units produced in the Project Area during the specified time period. d. Number of affordable units required based on units produced. Affordable housing production obligation for non-Agency developed housing requires 15% of total units to be available at affordable cost. Of those units, at least 40% must be affordable to very low income households (6% of the total units). Agency developed housing has higher inclusionary requirements. The Agency has not, and does not anticipate, directly developing units. e. Number of units satisfying CRL affordable housing production obligation. Affordable units produced outside Project Area counted on a one for two basis. f. Remaining affordable housing surplus or obligation at the end of the period. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 104 result in displacement of 42 households. At the Agency’s request, Overland, Pacific & Cutler, Inc. (OPC), prepared the required Replacement Housing Plan.26 OPC interviewed occupants of the dwelling units proposed for demolition to determine the number of bedrooms per dwelling unit occupied and the gross household income of each household. The survey found that the Agency must replace 39 residential units, comprising a total of 81 bedrooms. The required income targeting for the replacement units is as follows: very low-income (36 bedrooms), low-income (38 bedrooms) and moderate-income (7 bedrooms). The Agency plans to provide replacement units within the Bay Point Project Area. Potential new developments that are expected to contain affordable units include the following: Marina Townhomes, Orbisonia Townhomes/Apartments, Driftwood-Denova, and Clearland Mixed-Use. If the replacement units are not being developed within the time allowed, the Agency shall identify other replacement units in order to meet the replacement housing requirements. The Agency does not expect to undertake additional projects that could result in the displacement of households in the next ten years. In the event that changes and the removal of housing units occurs, the Agency will plan for and undertake replacement of any units and will follow all state requirements for replacement housing and relocation as it has already been doing. 6.10 TARGETING BAY POINT’S HOUSING FUND EXPENDITURES There are two requirements regarding targeting of housing fund expenditures, one related to the income groups served and one to age (non-senior or senior). Targeting Low- and Very Low-Income Households The Agency has spent approximately $895,000 of its Housing Fund to assist the production of affordable housing during the past five-year period, and $2.3 million in the previous period. These funds were used to provide affordable housing and assist development of a number of projects including DeAnza Gardens, Elaine Null Apartments, and Hidden Cove Apartments. Approximately 27 percent of the funds have assisted 26 Overland, Pacific & Cutler, Inc., Replacement Housing Plan Relative to the Orbisonia Heights Project, September 2008. Contra Costa January 2010 RDA Implementation Plan, FY 2009/10 to FY 2014/15 105 very low-income households, 40 percent for low-income households, and 33 percent for moderate-income households. While the expenditures for the low-income category exceed the target percentage, the expenditures for the very low-income category are below the targeted amount (39 percent). The Agency expects to increase its expenditures in this category during the next five years as planned projects are developed. Targeting Non-Seniors The Agency has not assisted any seniors-only projects or units in Bay Point and, thus, complies with the requirement to provide at least 70 percent of the housing funds to benefit non-senior households and to limit the Housing Fund expenditures for senior housing to 30 percent of all Housing Fund expenditures. In addition, redevelopment law allows an Agency to meet its age-related targeting requirement in combination for all project areas. Combining housing assistance expenditures for all project areas, less than five percent has been spent to benefit senior households, thus not exceeding the allowed targeted percentage of 30 percent. * * *