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HomeMy WebLinkAboutMINUTES - 10271987 - 1.37 TO: BOARD OF SUPERVISORS FROM: Harvey E. Bragdon Cwtra Director of Community Development v�,,.,���,�,}}��, DATE: October 14, 1987 C )sta C0ifty SUBJECT: County Housing Assistance Plan SPECIFIC REQUEST(S) OR RECONME NDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS Approve 1987-1988 Housing Assistance Plan Annual Housing Assistance - Goals are 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 Urban Development. BACKGROUND/REASONS FOR RECOMMENDATIONS 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 was approved by the Board on September 30, 1986. The third- annual submission for the time period 10/1/87 - .9/30/88 is due at this time, and must be submitted- prior' to October 31, 1987. FINANCIAL IMPACT Absent an approved HAP the County cannot. submit 'a Statement of Use for Community Development Block Grant Funds. The' County receives approximately $2.0 million- annually for this program. CONTINUED ON ATTACHMENT: X YES SIGNATURE 4 Ya RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATTW OF D7 COMMITTEE APPROVE OTHER SIGNATURE(S) : ACTION OF BOARD ON _OCT 0 7 1987 APPROVED AS RECOMMENDED -.� OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A UNANIMOUS (ABSENT —z� ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. cc: Community Development ATTESTED OCT 9 7 1987 County Administrator PHIL BATCHELOR, CLERK OF County Counsel THE BOARD OF SUPERVISORS HUD via Community Development AND COUNTY ADMINISTRATOR BY C. , DEPUTY HEB/mb jk3/chap.bos PART IV ANNUAL GOAL NARRATIVE In implementing its housing goals -the County and the participating cities address goals and policies articulated in their Housing Elements. The County adopted an updated Housing Element in April , 1985. 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 has substantially diminished 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. The City program includes a component for mobile home owners. In addition, the County has developed a purchase/rehabilitation component for lower income purchasers in a 1987 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 assis- tance is provided by the County Community Services Department. using CDBG, state and PG&E funds. _ Included in the 1987-88 program are the following allocations to housing rehabilitation programs: Program 1987-88 Budgeted Amount County $650,000 City of San Pablo $130,000 2) Mortgage Assistance: The County and a number of cooperating cities are involved in a below market interest rate mortgage bond programs as author- ized 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 has diminished our ability to provide such financing, however we would expect an annual issuance of revenue bonds of around $30 million representing 400 mortgages, 10% of which could be for CDBG defined low and moderate income households, or 20 households per year. In its most recent issuance of mortgage revenue bonds the County itself secured a $1.8 million allocation of funds. It is intended that the alloca- tion be used in conjunction with various efforts which will achieve CDBG defined low and moderate income benefit. Page 2 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 sold out, and used mortgage. revenue bond funds to finance much of the development. The same non-profit organization is exam- ining other development opportunities at this time. A 56 unit owner-builder housing development for .lower income has been approved and is under construction at this time. Affordability was guaranteed via an allo- cation of CDBG funds and a waiver of development fees. The County, through its density bonus provision, has also approved two additional for sale developments that will contain low and moderate income benefit. Approximately 25 units will result in lower income occupancy. The County has recently begun funding a reverse annuity mortgage assistance program to help lower income seniors afford to stay in their home. In 1987-88, $20,000 has been allocated. 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 has sub- stantially diminished the attractiveness of tax exempt bond financing in particular, and investment in rental real estate in general . The stated annual goal may 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- i.ncome. A number of the projects were made financially feas- ible 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. The County is currently structur- ing a tax exempt financing for a 102 unit elderly project that could have as many as 40 lower income units. Serious discussions with three other developers at this time could result in additional tax exempt financed projects. In addition to financing initiatives, the County, via its Housing Authority, . is actively pursuing its advocacy role. The 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 completed a visual and audio presentation designed to overcome negative perceptions of low and moderate income housing. The Housing Authority is also promoting the idea of creating housing development funds. Such funds already or will soon exist Page 3 with CDBG funds, Housing Authority funds, tax increment funds, and local. revenues derived from housing revenue bond issues. Non-profit organizations are also evaluating development opportunities in the rental housing area as well . Other initiatives are underway to develop opportunities for affordable senior housing in number of Urban County Communities. 2) The non-profit owner of two former farm labor camps in East County is in- vestigating 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 received grants from two foundations to implement a program designed to create second units, i .e. , "Granny Units". The County recently adopted a Second Unit Ordinance designed to encourage the creation of second units consistent with standards to assure compatibility with neigh- bors. 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. Over $20 million has been secured to modernize many of the agency's public housing units. Over $100,000 in CDBG funds has - been provided to the Authority to further the modernization effort. 4).. _ Homeless Assistance Numerous initiatives in this area have been started within the last year. The County Board of Supervisors established an independent Office of Homelessness. The fiscal arm of the agency has initiated its initial pro- gram, a financial assistance fund to assist homeless families in paying first/last month rent/security deposit requirements to secure housing. County CDBG funds are being used to administer the program. An additional $100,000 in County Trust Funds have been allocated to match private dona- tions to make the assistance fund operational . Phoenix Programs, a non-profit organization, has recently established a shelter for the develop- mentally disabled in Antioch. The City approved the project in the face of stiff neighborhood opposition. The County has complied with the McKinney Act and filed a Comprehensive Homeless Assistance Plan and will compete aggressively for available funds. JK:mb df3/suplmt.jk 00 U 1�0 rt 00-4-3 CT an 1 Cil O N I O . 4 O kO .� .� O —4 Orn O —4 t Lo N 1 I I N I M N.1 1 -4 C~� O 0ITI �I �L Ln I ►-.I � r 1 OLoO LOOOO u �) I I ! 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