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HomeMy WebLinkAboutMINUTES - 09301986 - 1.47 ., 1-047 � TO: BOARD OF SUPERVISORS FROM: Harvey E. Bragdon Director of Community Development DATE: September 16, 1986 SUBJECT: County Housing Assistance Plan ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION I . RECOMMENDATION Approve 1987-1988 Housing Assistance Plan Annual Housing Assistance Goals as attached hereto, pursuant to the Community Development Block Grant Program; and authorize the Director of Community Development to forward said Plan to the U.S. Department of Housing and Community Development. II . BACKGROUND The Housing Assistance Plan (HAP) is a required part of the County's Community Development Block Grant Statement. Its purpose is to survey housing conditions, assess the housing assistance needs of the County's low and moderate income households, indicate goals for housing assistance, and indicate general locations of proposed assisted housing. In September, 1985 the Board approved and HUD subsequently approved a three year HAP for the period 10/1/85 - 9/30/88. An annual goal statement for the period 10/1/85 - 9/30/86 was included in the Board's September, 1985 action. The second annual submission for the time period 10/1/86 - 8/30/87 is due at this time, and must be submitted prior to October 1, 1986. III . FINANCIAL IMPACT Absent an approved HAP the County cannot submit atatement of Use for Community Development Block Grant Funds. The County recei s approximat y $2.5 million annually for this program. CONTINUED ON ATTACHMENT: YES SIGNATURE: _RECOMMENDATION OF COUNTY ADMINISTRATOR —REQM9NDAXTwOFr COMMITTEE _APPROVE ,OTHER e ,t SIGNATURE(S): ACTION OF BOARD ON SEF 3 U 1986 APPROVED AS RECOMMENDED �_ OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE _UNANIMOUS (ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. Orig: Community Development SEP 3 0 1986 cc: County Administrator ATTESTED County Counsel PHIL BATCHELOR, CLERK OF THE HUD via Community Development BOARD OF SUPERVISORS AND COUNTY ADMINISTRATOR BY �� ,DEPUTY N Op N _ O CL oCD 1 LU Q r 00 C) LOLO LnoLO Eo C) O O = C) Lo LOnN 1\CYN o z N Q LL� C) W O m = I O H w> ¢ J I N CC JLU k.0 o LO O LO LO C) Ln � ) O J G O CV (V O o O _ z a W O - u) z Q Q N C = J J c7 _ > g " Ch o :d- •-A LO 0 0 > _ 72Q F = Q 1 0 N LL z z a w > O t\ m -j o LO Ln C) LO o C) U c C) W w C) CV '--1 N 1 —1 LL O 1� ul J I w Q m � z m y D 0 r LU 2 Lu 3 +-) 3 rO 3 10 3 co LL y j>O N NN s a1 C CU S O J vim) OI- Z X zR' Z �Z � ¢ a Q Q = W wG 4. W > m C7 Cn LL O O a w 1 N Q N y WH C) C) CD LO o LOoLf) z0 z E' mzU C) LO L!7 ^ LA noN LUU) Q z �N > y LU z CC d v N Z U) d ` Q J In N C7 2 = O Z Z .N Q W � N Q Q `m >aOc E ` '' Z Lu Q Q y a Ln Q F- z a S- Z zQ. 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In as much as tax exempt financing is the major vehicle for accomplishing our housing objectives the County went on record with our legislative delegation in support of such financing as tax reform was considered. Not withstanding these efforts, the Tax Reform Act will substantially diminish the ability of the County to address its housing goals. The following programs and activities are anticipated for use in addressing the housing goals of the County. A) Homeowner Assistance 1) Housing Rehabilitation Loans: CDBG funds are used to address housing rehabilitation needs. The County administered program provides coverage for most of the urban county. The City of San Pablo operates a separate program with County CDBG funds. In addition, the County has developed a purchase/rehabilitation component for lower income purchasers in a 1985 single family mortgage finance program. Low and moderate income benefit are assured by targeting the programs by prescriptive qualifying criteria, including income. Additional home improvement and weatherization assistance is provided by the County Community Services Department using CDBG, state and PG&E funds. Included in the 1986-87 program are the following allocations to housing rehabilitation programs: Program 1986-87 Budgeted Amount County $850,000 City of San Pablo $335,000 2) Mortgage Assistance: The County and a number of cooperating cities are involved in a below market interest rate mortgage bond. programs as authorized under AB 1355. A portion of the loans to be originated will be for qualifying low and moderate income households. Similar programs may be implemented by cities and local redevelopment agencies. The pending tax reform measure will diminish our ability to provide such financing, however we would expect an. annual issuance of revenue bonds of around $50 million representing 500 mortgages, 10% of which are for CDBG defined low and moderate income households, or 50 households per year. The County has, in the past, contracted with a non-profit agency to develop affordable to moderate income buyers. This project, which is receiving CD and state funding, is nearly sold out, and used mortgage revenue bond funds to finance much of the development. The same non-profit organization, as well as a second non-profit, are examining other development opportunities at this time. A major owner-builder housing development for lower income is under consideration at this time and could be underway in 1987. B) Renter Assistance 1) New Construction: The County is continuing to work with private and non-profit developers to produce new rental housing. The emphasis in the past few years has shifted to the production of family housing. The County has published an inventory and evaluation of potential sites for rental housing. The County is providing this information to interested developers. The current emphasis will be the production of affordable rental units through the sale of tax exempt revenue bonds. The Tax Reform Act will substantially diminish the attractiveness of tax exempt bond financing in particular, and investment in rental real estate in general . The stated annual goal is significantly lower than the prior years goals, yet may still be overly aggressive given the investment community's likely response to tax reform. To date, the County and various participating cities have financed over 2800 new rental units of which over 550 units are affordable units for low and moderate income. A number of the projects were made financially feasible by ,the provision of supplementary financing from CDBG and other sources. An additional 750 units - 150 affordable lower income units - could be financed with tax exempt bonds. Tax reform will eliminate or severely alter this means of financing rental units. In addition to financing initiatives, the County, via its Housing Authority, is actively pursuing its advocacy role. Th-e- Housing Authority act as a liaison between the County and cities regarding the need for rental housing and the. need for additional land use opportunities to accommodate rental housing. The Housing Authority has recently completed a visual and audio presentation designed to overcome negative perceptions of low and moderate income housing. In addition, the Housing Authority hosts an information exchange among local housing staff and housing committee people. The Housing Authority is also promoting the idea of creating housing development funds. Such funds already or will soon exist with CDBG funds, Housing Authority funds, tax increment funds, and local revenues derived from housing revenue bond issues. ' Non-profit organizations are alsoevaluating development opportunities in the rental housing area as well . One of the non-profits is currently intensively evaluating the undeveloped portion of land held by the County next tot he Chilpancingovista Section 202 handicapped housing development in Pleasant Hill . Other initiatives are underway to develop opportunities for affordable senior housing in number of Urban County Communities. 2) The completion of the renovation of two former farm labor camps in East County is expected in this program year. The non-profit organization involved is maintaining ownership of the units for rental to lower income families . (farmworkers) . The non-profit is investigating additional development activities on one of the two sites. The County Housing Authority is implementing .a rental housing rehabilitation program with CD funds, HUD, and Rental Rehabilitation funds. Over $800,000 in funds are devoted to the program at this time. With 2-1 financial leverage expected, an effective $1.65 million is available. In addition, the County has recently received grants from two foundations to implement a program designed to create second units, i .e. , "Granny Units". 3) Existing: The County Housing Authority is continuing the implementation of the Section 8 Existing Housing Program. The Housing Authority has a Comprehensive Improvement Assistance Program in its public housing units. Nearly $15 million has been secured to modernize 476, or 42%, of the agency's public housing units. JK:vp1DF#3 a:suplmt.jk