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HomeMy WebLinkAboutMINUTES - 12081992 - IO.5 TO: BOARD OF SUPERVISORS 1 .0.-5 F._ F Contra FROM: INTERNAL OPERATIONS COMMITTEE Costa County +�z 9:a O DATE: November 30, 1992 SUBJECT: REPORT ON THE IMPLEMENTATION OF THE FINAL REPORT OF THE HOUSING TRUST FUND TASK FORCE AND FORMATION OF AN INTERIM HOUSING TRUST FUND ADVISORY BOARD SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATIONS: 1 . Create an Interim Housing Trust Fund Advisory Board with seven seats, as follows : 1 . A representative from Contra Costa cities, to be nominated by the Contra Costa Mayors ' Conference. 2 . A representative from the local building industry. 3 . A representative of nonprofit affordable housing developers . 4 . A representative of housing advocates, preferably from the League of Women Voters . 5 . A representative of the real estate industry. 6 . A representative of financial institutions . 7 . A representative from the County. 2 . Charge the Interim Housing Trust Fund Advisory Board to work with the Board of Supervisors, cities in Contra Costa County and the Community Development Department to accomplish the following tasks :. * Outline and develop a preliminary strategy for securing the public support necessary to implement the revenue sources selected to capitalize a Contra Costa County Housing Trust Fund. * Further define the appropriate institutional and operating structure for the Housing Trust Fund, and work with the Board of Supervisors and, if appropriate, other jurisdictions to establish the Housing Trust Fund as a legal entity authorized to accept and allocate resources for affordable housing development in Contra Costa County. CONTINUED ON ATTACHMENT: X YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRAT RECOMMENDATION OF BOARD COMMITT APPROVE OTHE SIGNATURE(S): SCHRODER SUNNE WRIGHT McPEAK ACTION OF BOARD ON - Dece6lSer 8 , 1992 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. ATTESTED �, / / 9 Contact: PHIL BATCHELOR.CLERK OF THE BOARD OF cc: See Page 3 . SUPERVISORS AND COUNTY ADMINISTRATOR L BY r DEPUTY i I .O.-5 * Develop recommendations concerning specific policies, programs, and funding criteria to guide the allocation of Trust Fund revenues to improve home ownership opportunities for low and moderate income households and assist very-low income households to obtain affordable rental housing. * Explore in more detail the City of Modesto' s equity share program as outlined in the attached report and determine to what extent such a program could be implemented in Contra Costa County. * Determine whether and to what extent the Housing Trust Fund can provide priorities in funding for current residents of the County and for employees of public agencies which are located in the County. 3 . Direct the Community Development Director to solicit applications/nominations from each of the above groups or from individual firms where an association does not exist which represents most members and return to the 1993 Internal Operations Committee by February 1, 1993 with the names of all applicants/nominees so the Committee can determine which individuals to recommend to the Board of Supervisors for appointment. In addition to specific group representation, members of the Interim Housing Trust Fund Advisory Board should be knowledgeable and concerned about the affordable housing needs of low and moderate income households in Contra Costa County. The final appointees should also provide adequate geographic representation and should also be able to provide technical expertise in affordable housing development or other related areas . 4 . Agree that once the revenue sources for a Housing Trust Fund are identified and secured and the Housing Trust Fund has been legally established, a new, permanent Housing Advisory Board should be created. 5 . Remove this matter as a referral to the 1992 Internal Operations Committee and instead refer it to the 1993 Internal Operations Committee. BACKGROUND: On August 4, 1992, the Board of Supervisors acknowledged receipt of the final report of the Housing Trust Fund Task Force, abolished the Task Force, and agreed in concept to the formation of a Housing Trust Fund Advisory Board. The Community Development Department was asked to recommend to our Committee the specific charge, size, composition and list of potential members for such an Advisory Board. On November 30, 1992, our Committee met with Jim Kennedy and Kathleen Hamm from the Community Development Department and Guy Bjerke from the Building Industry Association (BIA) and reviewed the attached report in some detail . The above recommendations resulted from our discussion and are substantially similar to the recommendations made to our Committee by staff. It was noted that Supervisor McPeak had also received letters from the City of Pinole and the City of Hercules and that staff had also received a letter from the City of San Ramon which was not originally included in the attached report. Staff noted that the cities were unanimously opposed to increasing tipping fees at the landfill or transfer station in order to provide funding for a Housing Trust Fund. Letters from individual cities were reviewed and their comments noted. 2 I .O.-5 Supervisor McPeak noted that she was most interested in many features of the City of Modesto's Program. Mr. Bjerke noted that BIA is opposed to the standard type of inclusionary program as it has been proposed or implemented elsewhere. Our Committee also indicated that it should be the intent of the Board of Supervisors to appoint a representative of the League of Women Voters to the seat designated for housing advocates . cc: County Administrator Community Development Director Jim Kennedy, CDD County Counsel Auditor-Controller 3 CONTRA COSTA COUNTY COMMUNITY DEVELOPMENT DEPARTMENT DATE: November 30, 1992 TO: Internal Operations Committee Supervi r Rob I. Schroder Sup �Vtin a Wright McPeak FROM: Jim K nedy Dep Direct - Redevelopment SUBJECT: Fc�.low- o Internal Operations Committee Report on Housing Trust nd On August 4, 1992, the Board of Supervisors accepted the Report of the Internal Operations Committee (IOC) on the Final Report of the Housing Trust Fund Task Force. That report directed the Community Development Department to perform the following tasks: o Report to the IOC on a proposed charge; size, composition, and list of potential members for the Housing Trust Fund Advisory Board. o Obtain comments from the Contra Costa Transportation Authority and cities on their preferences among the three revenue sources proposed for the Housing Trust Fund. o Review the concept of inclusionary housing programs, including the program implemented by the City of Modesto, discuss with representatives of the Building Industry Association, and provide comments or recommendations to the IOC. This report details the Department's progress in accomplishing each of these tasks. Staff recommendations and report highlights are summarized in the following. I. RECOMMENDATIONS AND FINDINGS o Staff recommends that the Board of Supervisors appoint an Interim Housing Trust Fund Advisory Board to: 1. develop an implementation strategy for revenue sources selected to capitalize the Housing Trust Fund; 2. work with the Board of Supervisors to establish the Trust Fund as a legal entity; and 3. recommend policies, programs, and criteria to allocate Trust Fund revenues within the context of Board priorities. o Staff recommends that the Interim Housing Trust Fund Advisory Board consist of seven members representing Contra Costa Cities, the local building industry, nonprofit housing developers,non-profit housing advocates the real estate industry, financial institutions, and the County. o The Contra Costa Transportation Authority deferred to the Mayors' Conference and individual cities with regard to formal comments on the Housing Trust Fund. o The Mayors' Conference expressed unanimous opposition to increases in landfill tipping fees; no comments were offered on the other funding sources. o Correspondence was received from the cities of Antioch, Concord, Martinez, and Walnut Creek. The cities of Walnut Creek and Antioch supported the concept of a general obligation bond to provide resources for a countywide Housing Trust Fund. While Concord was neutral. Each of the four cities oppossed landfill tipping fees. Martinez inquired about the organizational structures of the Trust Fund. o The Building Industry Association is not generally in favor of inclusionary housing programs as a means of increasing affordable housing. o Over 48 California jurisdictions have implemented inclusionary housing programs. 1. Target populations for these programs include very-low, low and moderate income households. 2. Requirements for the inclusion of affordable units in new developments range from 5 to 35 percent, with the majority falling in the 10 to 15 percent range. 3. Required terms of affordability range from zero to perpetuity; majority of programs require 30 years. 0 4. In lieu fees are an option in most programs; fees range from $2,100 to over $18,000 per unit. 5. Most programs offer developer incentives, including density bonuses, fee waivers, relaxed design standards, and fast tracking. o The City of Richmond is the only City currently implementing an inclusionary housing program in Contra Costa County. o The City of Modesto has adopted an equity share program for first-time homebuyers. The program charges a fee for each housing unit built in excess of 800 square feet. The fees are used to provide silent seconds to first-time homebuyers at market interest. Upon resale, the City receives the amount of the loan, interest, and a share in unit appreciation. II. CONTRA COSTA COUNTY HOUSING TRUST FUND INTERIM ADVISORY BOARD A. Responsibilities Staff recommends that the Board of Supervisors create an Interim Housing Trust Fund Advisory Board to further refine and assist in implementing the recommendations contained in the Final Report of the Housing Trust Fund Task Force. The Interim Advisory Board should be responsible to the Board of Supervisors and work with the Board, Contra Costa Cities, and the Community Development Department to accomplish the following tasks: 1. Outline and develop a preliminary strategy for securing public support necessary to implement the revenue sources selected to capitalize a Contra Costa County Housing Trust Fund; 2. Further define the appropriate institutional and operating structure for the Housing Trust Fund, and work with the Board of Supervisors and, if appropriate, other jurisdictions to establish the Housing Trust Fund as a legal entity authorized to accept and allocate resources for affordable housing development in Contra Costa County; and 3. Develop recommendations concerning specific policies, programs, and funding criteria to guide the allocation of Trust Fund revenues to improve homeownership opportunities for low and moderate income households and assist very-low income households to obtain affordable rental housing. B. Structure Staff recommends that the Interim Housing Trust Fund Advisory Board be appointed by the Board of Supervisors and consist of seven members representing the following groups: 1. Contra Costa Cities; 2. local building industry; 3. nonprofit affordable housing developers; 4. aoapm& housing advocates; 5. real estate industry; 6. financial institutions; and 7. the County. In addition to specific group representation, Interim Board members should: be knowledgeable and concerned about the affordable housing needs of low and moderate income households in Contra Costa County; provide adequate geographic representation; and have technical expertise in affordable housing development or other related areas. Staff has deferred formal solicitation of individuals interested in serving on an Interim Advisory Board pending approval of the recommended structure and responsibilities by the Board of Supervisors. Informal discussions and expressions of interest by possible participants have occurred. The core of the intrest has been expressed by Housing Trust Fund Task Force members. C. Permanent Housing Trust Fund Advisory Board Once the revenue sources for a Housing Trust Fund are identified and secured and the Housing Trust Fund legally established, a new, permanent Advisory Board should be created. As recommended by the Housing Trust Fund Task Force in their final report, if the Trust Fund is 3 capitalized solely with inclusionary in-lieu fees from the unincorporated area of Contra Costa County, the Housing Trust Fund Advisory Board should be appointed by and responsible to the Board of Supervisors. Alternatively, if the Housing Trust Fund also includes revenues from countywide resources (e.g., general obligation bond, landfill tipping fee), then the Housing Trust Fund should be jointly controlled by Contra Costa Cities and the County.. A Housing Trust Fund Authority composed of elected City and County officials or their..representatives should be established as a separate legal entity authorized to make decisions on Trust Fund policies and project funding. The Authority should be assisted by a Housing Trust Fund Advisory Board. The recommendations of the Housing Trust Fund Task Force should serve as the starting point for the Interim Advisory Board in their efforts to develop detailed recommendations on the structure and responsibilities of a permanent Housing Trust Fund Advisory Board. A summary of Task Force recommendations is included with this report as Attachment A. As its final task, the Interim Advisory Board should assist the Board of Supervisors (and other jurisdictions, if appropriate) to recruit qualified members for the permanent Housing Trust Fund Advisory Board. M. CITY PREFERENCES AMONG PROPOSED REVENUE SOURCES As directed by the Board of Supervisors, Contra Costa Cities, the Mayors' Conference, and the Contra Costa Transportation Authority were asked to comment on the revenue sources recommended for creation of the Housing Trust Fund. A. City Comments Based on the view that landfill tipping fees in Contra Costa County are high relative to those in other jurisdictions, City representatives attending the Mayors' Conference were unanimous in their opposition to increases in tipping fees to support affordable housing development. No comments were offeied on the use of general obligation bonds or inclusionary housing in-lieu fees to capitalize a Housing Trust Fund. In additional correspondence, the cities of Walnut Creek and Antioch stated that they would support a general obligation bond to provide resources for a Countywide Housing Trust Fund, but would be opposed to increased landfill tipping fees. The City of Walnut Creek also supported the concept of an inclusionary program and the Task Force recommendation that the Housing Trust Fund should be jointly controlled by Contra Costa Cities and the County if funds are provided from countywide sources. The City of Concord indicated their concurrence with the views expressed by the Mayors' Conference. In addition, Concord is neutral on the use of general obligation bonds and inclusionary fees in the unincorporated area for affordable housing purposes. The City of Martinez staff forwarded a series of questions regarding the specific organization and operational structure of a Housing Trust Fund. Additional comments included concerns that landfill tipping fees were already high and that an inclusionary program would further increase the cost of providing housing in Contra Costa. Copies of the City letters are included as Attachment B. 4 B. Contra Costa Transportation Authority The Executive Director of the Transportation Authority has indicated that they will defer to the Mayors' Conference and individual cities with regard to formal comments on the Task Force Final Report and recommended revenue sources. However, Transportation Authority members have expressed interest in a joint workshop with the County and the Mayors' Conference to discuss implementation policies with regard to affordable housing. IV. INCLUSIONARY HOUSING PROGRAM In its final report, the Housing Trust Fund Task Force recommended that the Board consider an inclusionary housing program with an in lieu fee component as a potential revenue source for a Contra Costa County Housing Trust Fund. A. Program Definition. Inclusionary programs are intended to increase the supply of affordable housing in a jurisdiction by requiring that a specified percentage of residential units in new housing developments be affordable to lower income households. As an alternative, the majority of inclusionary programs in California permit the payment of a fee for each unit of market rate housing developed in lieu of construction of the affordable units. These fees are then typically used to support the development of affordable housing in other locations and projects. B. Policy Issues. Creation of an inclusionary housing program in Contra Costa County will require resolution of the following policy issues: 1. Definition of affordability and the target population; 2. Program threshold/minimum size development required to comply with inclusionary requirements; 3. Percent of newly constructed units required to be affordable; 4. Term of required affordability, including resale restrictions; 5. Design considerations; 6. In lieu fee option; 7. Additional alternatives to the provision of affordable units; 8. Developer incentives and offsets. These policy issues and the range of alternatives employed by 48 California jurisdictions with an inclusionary program are summarized in Table I (page 6) and discussed in greater detail in Attachment C. C. Revenue Potential The revenue potential of an inclusionary housing program in unincorporated Contra Costa County will depend on the definition of affordability, project threshold, percent of units required to be affordable, and the size of the in lieu fee option chosen for the program. Initial estimates prepared by the Consultant for the Housing Trust Fund Task Force suggest that a $1,000 per unit in lieu fee for single family homes would generate $1.6 million per year. These estimates are based on 5 average annual single family housing production in the unincorporated area of 1,600 units per year and the following assumptions: all units built are priced above the affordability target; all units built are in developments which exceed the program threshold; and all developers chose to pay the fee in lieu of including affordable units in the project. If annual housing production declines, a portion of the new units fall within the affordability targets or are built in developments smaller than the program threshold, or some developers agree to build the required affordable units rather than pay the fees, then the fee revenue from the inclusionary program may be significantly less. D. Implementation Authority Implementation of an inclusionary housing program in the unincorporated area can be accomplished by action of the Board of Supervisors through amendments to the County Zoning Ordinance. E. Inclusionary_Programs in Contra Costa County. Although a formal program has not been established, there is some precedent for creation of an inclusionary housing program with an in lieu fee component in the unincorporated area of Contra Costa County. The County required in the Development Agreements for two proposed single family residential projects in East County and one project in Central County to contribute an in lieu fees of$3,333 for each market rate unit developed. The in lieu fees are to be.deposited in a trust fund for use in expanding the supply of affordable housing in Contra Costa. If the County wishes to pursue this approach, it may be desirable to adopt a formal inclusionary housing requirement to be applied to all future residential developments. In addition to the County activity, a number of Contra Costa cities including Clayton, Danville, Pleasant Hill, and San Ramon, have expressed interested in establishing inclusionary programs. However, the City of Richmond is the only jurisdiction in the County actually implementing an inclusionary program. The City has adopted specific policies with regard to inclusionary requirements and is currently considering a draft ordinance. Pending adoption of the ordinance, the City intends to apply the inclusionary requirements to all new housing developments which meet specified criteria. Under the Richmond program, all new developments containing 10 or more residential units are required to fulfill one or more of the following inclusionary requirements: 1. a minimum of 15 percent of the total housing units must be affordable to low income households; 2. a minimum of 10 percent of the units must be affordable to very-low income households; 3. a minimum of 12.5 percent of the units must be affordable to a combination of low and very-low income households; or 4. a minimum of 25 percent of the units in a senior housing project must be affordable to very-low or low-income households. Affordability requirements are recorded as deed restrictions on the property. Required terms of affordability are 10 years for rental units and 20 years for homeowner units. The resale price 6 of homeowner units during this period is limited to the original acquisition price adjusted for increases in area median income. As an option to the above inclusionary requirements, developers may elect to provide a minimum of 15 percent of the units at rents or prices affordable to moderate income households. In order to qualify for this option, developers must show that compliance with requirements to provide units affordable to very-low and low-income households would render the project infeasible and agree to pay an in lieu fee for each inclusionary unit. The size of the in lieu fee is determined by formula and depends on the number of bedrooms in the unit and the difference between the income of a household at 120 percent of AMI (moderate income) and that of a household earning 80 percent of AMI (lower income). Currently, the in lieu fee for a 3- bedroom home is $18,326 per unit. Assuming the inclusionary requirement for a project was 10 units, in lieu fees would total $183,260. In addition to the in lieu fee option, the Richmond program offers the following developer incentives and off-sets: density bonus of one additional unit for each inclusionary unit up to a maximum bonus of 25 percent over existing zoning; flexibility in development standards, including open space requirements, landscaping, parking, and minimum lot size; consideration of mixed-use zoning to improve feasibility; assistance in obtaining federal or state subsidies; fee waivers; and fast-track processing. F. Modesto Housing Pro ram The City of Modesto has adopted an equity share program for first time homebuyers in the Village One Specific Plan Area. This program will be funded through fees paid by developers building single family homes in the specific plan area. A fee exemption for units affordable to low-income households (defined as having less than 800 square feet) is similar to an inclusionary program in that it provides an incentive for developers to include affordable units in residential construction projects. Developers who build units larger than.800 square feet will be required to pay a fee for each unit equal to $0.80 times the number of square feet in the unit over 800 (e.g., the fee on a 1,000 sq. ft. house would be $160, while the fee on a 3,000 sq. ft. house would be $1,760). This program differs from inclusionary programs in that fees are levied on all units which do not meet the City's definition of affordability. As an alternative to the fee payment, developers could provide affordable housing, assuming it is equivalent in scope and value to the housing assistance offered through the equity share program. Following initiation of construction in the Village One area, fees paid by developers will be deposited in a Housing Trust Fund for use in providing assistance to low and moderate-income first-time homebuyers who are unable to obtain adequate mortgage financing on their own. The program will provide silent second loans to pay for closing costs, a portion of the downpayment, or to finance the gap between the first mortgage and the homeowner's total financing needs. The interest rate on the silent second will equal prevailing rates at the time of the loan, with payment of principle and interest deferred to the sale or refinancing of the unit. In exchange for the loan assistance, the City receives an equity share in the property. Upon resale, the City is repaid the amount of the silent second plus accrued interest plus its share of unit appreciation. Loan repayments will be deposited in the Housing Trust Fund for use in making additional loans. 7 G. Building Industry Association Comments on Inclusionary Housing`Progr, am Staff met with Guy Bjerke to discuss the views of the Building Industry Association on inclusionary housing programs. Mr. Bjerke stated that the Association is not generally in favor of this type of program because it places the burden of subsidizing affordable housing on developers and buyers of new housing. The Building Industry Association would prefer an approach which would provide a more equitable distribution of the burden of meeting Contra Costa County's affordable housing needs. 8 Attachment A CONTRA COSTA COUNTY HOUSING TRUST FUND RECOMMENDED INSTITUTIONAL STRUCTURE Housing Trust Fund Task Force recommendations concerning an appropriate administrative and institutional structure for the Housing Trust Fund depend on the specific revenue sources ultimately adopted. o County Only Revenue Source - If inclusionary funds from the unincorporated area represent the only revenue source, then the Task Force recommends that the Housing Trust Fund be controlled by the County. o Countywide Revenue Source - Alternatively, if the Housing Trust Fund also includes revenues from countywide sources (general obligation bond, landfill tipping fee), then the Task Force recommends shared control of the Housing Trust Fund by Contra Costa cities and the County. Depending on the revenue source(s) ultimately approved for the Housing Trust Fund, the Task Force adopted the following recommendations concerning institutional structure: County Only Revenue Structure 1. The Housing Trust Fund should be controlled by the Board of Supervisors with an Advisory Board. Housing Trust Fund Advisory Board responsibilities: a. develop policy recommendations and program criteria consistent with priorities established by the Board of Supervisors; b. review project proposals and make funding decisions. 2. Advisory Board recommendations on major policy issues and the allocation of funds should be forwarded to the Board of Supervisors for ratification by majority vote. 3. The Housing Trust Fund Advisory Board should consist of nine to eleven members appointed by the Board of Supervisors. Terms should run for three years, with no term limits. 4. The following factors should be considered in appointing Advisory Board members: a. knowledge and concern about affordable housing needs in Contra Costa County; b. technical expertise in affordable housing development; C. representation of relevant interest groups and geographic areas; and d. sensitivity and commitment to affordable housing development, and the needs of low and moderate income households. Countywide Revenue Structure 1. The Housing Trust Fund should be jointly controlled by Contra Costa Cities and the County. A Housing Trust Fund Authority composed of elected City and County officials 1 or their representatives should be established as a separate legal entity authorized to make decisions on Trust Fund policies and project funding. 2. The Trust Fund Authority should be assisted by a Housing Trust Fund Advisory Board. The membership, structure, and responsibilities of the Advisory Board should be the same as those described under the county only revenue structure. 2 Attachment B Correspondence From Cities Antioch Concord Martinez Walnut Creek COST PNIIOCN CP 94509a� Q CITY HALL TH' �,�' ,Dp /:PO 130 ). ) 779-�03o 'C(G j�G (510 ctr. Y2 November 16, 1992 Mr. James Kennedy Deputy Director Redevelopment COMMUNITY DEVELOPMENT DEPARTMENT County Administration Building 4th Floor Martinez , CA 94553-0095 Dear Jim: The Antioch City Council on November 10, 1992 considered the recommendations of the Contra Costa County Housing Advisory Task Force regarding the creation of a countywide Housing Trust Fund. After review of the proposed alternative revenue sources the City Council expressed strong opposition to increasing tipping fees to fund governmental and social programs that have no relationship to landfill operations. I have enclosed a copy of the proposed resolution to be considered by the City Council on November 24, 1992 . The City Council did endorse the concept of a general obligation bond as a countywide source of revenue for affordable housing. If you have any questions, please do not hesitate to call. Sincerely, �.o �• Lam/ DOUG LA R. WARD Deputy Director Community Dev. DRW/jm 8 RESOLUTION NO. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANTIOCH REQUESTING THAT LANDFILL TIPPING FEES BE LIMITED TO ITEMS DIRECTLY RELATED TO SOLID WASTE WHEREAS, the tipping fees collected at landfills in Contra Costa County are among the highest, if not the highest, charged in the State of California; and WHEREAS, the tipping fees collected at landfills are passed through to customers in their garbage collection bills; and WHEREAS, citizens in Antioch are finding it increasingly difficult to afford garbage collection services because of high rates; and WHEREAS, officials of Contra Costa County, elected and staff, have made proposals to increase tipping fees in order to fund various governmental and social programs that have no relationship to garbage or landfill operations; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Antioch that the City Council urges the Board of Supervisors to adopt a policy that programs that have no relationship to solid waste not be funded by increases to landfill tipping fees. I HEREBY CERTIFY that the foregoing resolution was passed and adopted by the City Council of the City of Antioch at a regular meeting thereof, held on the day of , 1992, by the following vote: AYES: NOES: ABSENT: CITY CLERK OF THE CITY OF ANTIOCH CITY OF COMAMU CIrY CUCVCIL 1950 Pai k.idc Di i%,-. Nle I Concord.(..ilil„i,ii:k:I I",iN:uic% G,nc.Mater F.4\: (51ui -!,yiu,.;1i Mai k L)rSallllliel',Vice NLn'nr B%.rnn Campbell Coll rrn t 7 a OFFICE OF ruk.N(.1%oit 49,ccl(). lu,l'e (T' r Telephcn c: (a 111) li;I-:;I",,� Ta.,! — . ?„!_,�._. E.c ��J:�trclitlCS:in \i ul r November 19, 1992 f o Mr. Jim Kennedy Deputy Director - Redevelopment Nr County Administration Building 651 Pine Street 4th Floor, North Wing Martinez, California 94553-0095 Dear Mr. Kennedy: The City of Concord appreciates the opportunity to comment on the Contra Costa Housing Trust Fund Task Force Report and Recommendations. We are committed to the provision of affordable housing for all income categories, and are fortunate, with our Redevelopment Housing Set Aside funds, to have resources for new programs and projects. We have also taken advantage of existing County resources for first time home buyers, and have actively promoted your Mortgage Revenue Bond and MCC programs within the City. Realizing that other cities in the County have been unable to meet their affordable housing goals, we commend the County on this effort to increase the amount of funding available for such projects. After reviewing the proposed revenue sources, we generally share the sentiments voiced at the Contra Costa Mayors Conference Meeting in October. To summarize,. the proposal to issue general obligation bonds will ultimately be decided by the voters and the Supervisors must decide whether or not to place such a proposal on the ballot. The inclusionary zoning proposal affects only County unincorporated areas and would not likely be opposed by the City of Concord. The landfill tipping fee, however, appears difficult to justify given the dramatic increase in costs which rate payers have recently received. As stated in the report, the administrative structure of the Housing Trust Fund will be determined by the revenue sources. If the Trust Fund is capitalized with a Countywide source of funding, the City of Concord would look forward to being a full partner in the decision making process regarding the distribution of those funds. Thank you again for informing us about this proposal and providing an opportunity to comment. We look forward to working with you on this effort, and wish you success on establishing a new Housing Trust Fund. Sincerely, Nano C orey Mayor A tfG G�wc�✓I Q \; City of Martinez Henrietta Street, Martinez. C.-\ 94553.2394 r ! 414\1���_U Z November 17, 1992 &o Jim Kennedy Contra Costa County Community Development Department 651 Pine Street 4th Floor, North Wing Martinez, CA 94553 Dear Mr. Kennedy: As you have requested, we have reviewed the Housing Trust Fund Task Force Summary Report and Recommendations. The City of Martinez has the following comments. The report is thorough and comprehensive, but leaves several unanswered questions. How will the program be implemented? Will the Advisory Board take an active or a reactive role in the development of affordable housing? Will they just review and approve projects proposed to them or will they be actively proposing projects? If cities do not get credit for units built with the fees collected and they are not encouraging affordable housing within their city limits, there would be no benefit to them taking part in the program. How will projects be selected? What will be the selection criteria? What level of involvement shall be required of the city? On page 14, paragraph 2 states that "use of revenue fees provided through a city program should be referred to the City Council" for ratification. The funds from a bond or franchise fee would not be directly provided by a city but would be collected generally from the residents. What kinds of city programs is this referring to? Martinez is very supportive of affordable housing, yet, there is little property left in Martinez for affordable units. What areas remain for single family construction are hillside lots which are expensive to develop. Martinez has a large stock of affordable multi-family units and due to the lower land costs, our single family developments tend to be more affordable. Presently, the City' s energy has been directed toward rehabilitating the existing units rather than the construction of new units. The report discusses attempting to include the cities in the inclusionary housing program. The price of new homes in the County is very high and we would have concerns regarding the additional fees which would be added to home construction costs driving the costs up for many first time home buyers and families already on limited budgets. Developers building homes in the more modest price ranges are more likely to include affordable units. If in lieu fees were levied by the County, we would suggest they be on a sliding scale relative to the cost of the home. In addition to the sliding scale fees, the City would recommend that you look at charging a fee comparable to the actual cost of building the affordable units. f As the report states the land fill tipping fee is regressive and effects the low income person more heavily than upper income levels. The costs of garbage collection are very high in Contra Costa County and it seems unfair to add extra costs to the service consumer. Pluses of this source would be that it would tax businesses as well as the home owner and the proposed tax is not a heavy tax. Since the general obligation bond is based on the assessed value of property, it may relate to a curved income scale. But, as noted, it is difficult to acquire the required 2/3 voter approval. The report indicated, though it is not stated, that the proposed plan would be to set up the County only structure, work at incorporating the cities into the program and then set up the countywide structure to replace the County only structure. This would leave the cities out of the first step which includes the formulation of implementation, policies and programs. Once the formal structure is in place, consideration should be given to requiring a "Super Majority" or two-thirdsvote in order to achieve sub-regional consensus. Thank you for giving us an opportunity to comment on the report. If you have any questions regarding these comments, you may reach me at 372-3518. Sincerely, --64V"147 Barbara Bacon Associate Planner BB:la 230.743 COS7 qol Inut '9-� : _. EPT November 12, 1992 Jim Kezmedy Deputy Direct= of Redevelopment Ccmmity Development Department p, Inition Building 651 Pine Street 4th Floor-North Wing Martinez, CA 94553-0095 sUBJF7C,T: CaNrRA com Cr0i= H7=G ZRiJST FUND Dear Mr. Kennedy: The City of Walnut Creek would like to thank you for the opportunity to review and ccrmient on the report of the Contra Costa County Housing TYvst Furxi Task Force. We ccmmend the County for its efforts to create a countywide Housing Trust Fund to increase affordable housing opportunities for the low and moderate u=me residents of Contra Costa county. The City, including the Council Housing Committee, reviewed all three potential revenue sources identified by the Task Force for the Contra Costa County Housing Trust. Fund: general obligation bond, inclusionary housing program, and landfill tipping fee. The City will support resources from both the inclusionary housing program and the general obligation bond for the County Housing Trust Furri. However, the City Will not support the landfill tipping fee. The c=ent solid waste d--,=al costs in the County are already high. The City believes that increasing this financial burden With additional landfill tipping fees Will only have a negative result. Walnut Creek has limited land for large develogwnts, however, the City Will support an inclusionary housing program to e-mcurage and increase the production of affordable housing for its low6- and moderate-i nccme residents. The City is also aware of the difficulty in obtaining voter approval for bond financing, especially during present manic conditions. Considering the basic service needs a=ently facing- the City and the Cotmty, Walnut Creek anticipates supporting a countywide general obligation bond for affordable housing if it is the only resource available. P.O. Box 8039 4 1666 North Main Street + Walnut Creek, California 94596 + )510) 943-5800 0 ' Mr. Jim Kennedy CONTRA COSTA COL4M HOMNG FUND November 12, 1992 (Page 2 of 2) In conclusion, the City agrees with the reco=xerZations from the C=ty Task Force on the tine structure of the Housing Trust Fund. If the Housing Trust Fund includes monies generated by the City of Walnut Creek, the City would need to be involved in the decision making process. Walnut Creekthat the City participate as an equal partner with the County and have shared control of the Housing Trust Fund. If you have any questions regarding the City's cents on the proposed C=rty Housing Trust Furxi, please contact Ms. Helen Kim, Housing specialist at 943-5834. Sincerely, io Gene Wolfe MYCtR cc: City Council City Manager CDD Director Chief of Planning Housing Specialist Attachment C INCLUSIONARY HOUSING PROGRAMS SUMMARY OF POLICY ISSUES Implementation of an inclusionary housing program requires the resolution of a number of significant policy issues, including: the definition of affordability and the target population; the program threshold or minimum size development required to comply with inclusionary requirements; the percent of units required..to be affordable; the term of required affordability, including resale restrictions; design considerations; the provision of an in lieu fee option, including the size of the fee; additional alternatives to the provision of affordable units; and developer incentives or offsets. These policy issues and the range of alternatives employed by California jurisdictions' with an inclusionary program are discussed in the following. o Affordability: policy decision concerning affordability defined in terms of the target population. A jurisdiction may select different target populations for rental and homeownership developments. Inclusionary programs in California tend to define affordable rental units as those which are affordable to very low and/or low income households, while affordable homeownership units are those which are affordable to low, and/or moderate income households'. In addition to target populations, a jurisdiction may specify the terms under which a rental or homeowner unit will be considered to be affordable. For example, rental units may be determined to be affordable so long as monthly rental costs including utilities do not exceed 30 percent of the target household's gross monthly income. Similarly, a homeowner unit may be defined as affordable so long as the monthly payment for principle, interest, taxes and insurance does not exceed 35 percent of the target household's gross monthly income. In defining the target group and definition of affordability, a jurisdiction must consider current market prices and the potential financial burden imposed on the developer and other units in the planned development. For example, if affordability targets are too deep, production of these units may create a substantial financial burden resulting in a shift in housing development to other jurisdictions. If the targets are too high, maximum affordable housing prices may not differ significantly from current market prices, with the result that the program would have little or no impact on housing development. Based on an initial analysis of housing prices in the unincorporated area, the Consultants to the Housing Trust Fund Task Force recommended that a County inclusionary program target low-income households for rental units and median income households for homeowner units. 'Information on inclusionary programs in California was obtained from a report entitled California Inclusionary Housing Survey prepared for the San Diego Housing Commission in January of 1992. In addition, a staff survey was conducted in June and July of 1992 to identify inclusionary programs implemented by Contra Costa cities. 2Very low-income households are defined as those earning 50 percent or less of area median income (AMI), adjusted for family size; low-income households earn 51 to 80 percent of AMI;and moderate income households earn 81 to 120 percent of AMI. 1 o Threshold: policy decision concerning the minimum size development required to comply with inclusionary program affordability requirements. The threshold may differ for rental and homeowner developments. Some California jurisdictions require all new residential development to comply with inclusionary requirements regardless of size, while others have adopted minimum thresholds ranging from five to fifty units. The majority of programs have a threshold of five to ten units. Those programs which apply to all developments or have a low threshold typically permit payment of a fee in lieu of construction of affordable units. o Unit Re irement: policy decision concerning the percent of residential units which must be affordable to the target population. Requirements may differ for rental and homeowner developments, as well as for different size developments. In California, requirements for the inclusion of affordable units in residential developments range from 5 percent to 35 percent of the total number of units developed, with the vast majority set at 10 to 15 percent. o Term of Affordability: policy decision concerning the minimum required term of affordability and applicable resale restrictions. Requirements may differ for rental and homeowner developments. Terms of required affordability are usually recorded as deed restrictions on the property. In California, required terms of affordability range from no requirement to perpetuity, with 30 years as the most common term. In addition, some jurisdictions employ a rolling affordability requirement: each time a restricted unit is sold, the term of required affordability begins anew. During the required term, rental units must be affordable to and occupied by households in the target population. If the income of a household occupying an affordable unit increases above the maximum allowable, then the next available unit must be made available to a qualified household at an affordable rent. Resale restrictions on homeowner units often take the form of a right of first refusal. Under this type of program, the jurisdiction has the right to acquire or assign the right to acquire the affordable unit to another qualified household at a specified price. The resale price is typically limited to the original acquisition price adjusted for inflation or appreciation in real estate values. In the event that a qualified household cannot be identified and/or the jurisdiction elects not to exercise its right of first refusal, the current owner may sell the unit on the open market for the current market price. o Design Considerations: policy decisions concerning the comparability of affordable units to the market rate units in terms of design and location. Comparability guidelines vary substantially among California jurisdictions with inclusionary programs. Most programs permit the developer some flexibility with regard to the size, number of bedrooms, and interior amenities provided in the affordable units. However, in order to avoid stigmatizing certain units as "affordable", most programs also require that these units be similar to market rate units in exterior appearance and that they be dispersed throughout the development. Such requirements are consistent with the County's Density Bonus Program. o In Lieu fee Option: policy decision concerning the payment of fees in lieu of building affordable units. In lieu fees may be used to by the jurisdiction to support 2 affordable housing development in other locations and projects. High in lieu fee rates will encourage the provision of the required number of affordable units in new residential developments, while low rates will encourage the payment of fees in lieu of providing the units. The majority of California jurisdictions with inclusionary programs permit the payment of a fee in lieu of providing the required affordable units. The in lieu fees vary from a low of $2,100 per unit in Coronado to a high of more than $16,600 per unit in Davis. As of January 1992, no affordable units had been constructed in connection with Coronado's inclusionary program, while the Davis program had produced an estimated 1,000 units. o Additional Options: policy decisions concerning additional options to the provision of the required units within the proposed residential development. In addition to in lieu fees, allowable alternatives could include: off-site compliance (construction of all or a portion of the required affordable units at alternative locations); dedication of alternative sites for affordable housing development; use of affordable housing "credits" earned on a prior project which included affordable units; and acquisition of affordable housing credits from other developers. While these options increase the developer's flexibility in meeting inclusionary requirements, they may discourage efforts to achieve a broader distribution of affordable housing opportunities in all areas of the County. o Developer Incentives and Offsets: policy decisions concerning developer incentives and offsets designed to reduce the financial burden of compliance with inclusionary requirements for affordable units. Requirements to include a specified percentage of affordable units in a residential development may impose a financial burden on the developer. To the degree that the developer is able to pass this burden through to other buyers, this will result in increased prices paid by households acquiring the market rate units. In an effort to offset this burden and facilitate the provision of affordable units without driving market rate prices higher, jurisdictions may elect to provide a combination of developer incentives and offsets, including: a density bonus program; fee waivers; relaxed design restrictions for affordable units; and fast tracking through the plan approval and permit process. Each of these programs are designed to increase developer revenues and/or reduce costs in order to offset the burden of providing the affordable units. California jurisdictions currently employ all of the developer incentives and offsets listed, with density bonus programs as the most common approach. kh/k3b/HTFIOC6 3 Attachment C INCLUSIONARY HOUSING PROGRAMS SUMMARY OF POLICY ISSUES Implementation of an inclusionary housing program requires the resolution of a number of significant policy issues, including: the definition of affordability and the target population; the program threshold or minimum size development required to comply with inclusionary requirements; the percent of units required to be affordable; the term of required affordability, including resale restrictions; design considerations; the provision of an in lieu fee option, including the size of the fee; additional alternatives to the provision of affordable units; and developer incentives or offsets. These policy issues and the range of alternatives employed by California jurisdictions' with an inclusionary program are discussed in the following. o Affordability: policy decision concerning affordability defined in terms of the target population. A jurisdiction may select different target populations for rental and homeownership developments. Inclusionary programs in California tend to .define affordable rental units as those which are affordable to very low and/or low income households, while affordable homeownership units are those which are affordable to low, and/or moderate income households'. In addition to target populations, a jurisdiction may specify the terms under which a rental or homeowner unit will be considered to be affordable. For example, rental units may be determined to be affordable so long as monthly rental costs including utilities do not exceed 30 percent of the target household's gross monthly income. Similarly, a homeowner unit may be defined as affordable so long as the monthly payment for principle, interest, taxes and insurance does not exceed 35 percent of the target household's gross monthly income. In defining the target group and definition of affordability, a jurisdiction must consider current market prices and the potential financial burden imposed on the developer and other units in the planned development. For example, if affordability targets are too deep, production of these units may create a substantial financial burden resulting in a shift in housing development to other jurisdictions. If the targets are too high, maximum affordable housing prices may not differ significantly from current market prices, with the result that the program would have little or no impact on housing development. Based on an initial analysis of housing prices in the unincorporated area, the Consultants to the Housing Trust Fund Task Force recommended that a County inclusionary program target low-income households for rental units and median income households for homeowner units. o Threshold: policy decision concerning the minimum size development required to comply with inclusionary program affordability requirements. The threshold may 'Information on inclusionary programs in California was obtained from a report entitled California Inclusionary Housing Survey prepared for the San Diego Housing Commission in January of 1992. In addition, a staff survey was conducted in June and July of 1992 to identify inclusionary programs implemented by Contra Costa cities. 2Very low-income households are defined as those earning 50 percent or less of area median income (AMI), adjusted for family size; low-income households earn 51 to 80 percent of AMI;and moderate income households earn 81 to 120 percent of AMI. 1 differ for rental and homeowner developments. Some California jurisdictions require all new residential development to comply with inclusionary requirements regardless of size, while others have adopted minimum thresholds ranging from five to fifty units. The majority of programs have a threshold of five to ten units. Those programs which apply to all developments or have a low threshold typically permit payment of a fee in lieu of construction of affordable units. o Unit Requirement: policy decision concerning the percent of residential units which must be affordable to the target population. Requirements may differ for rental and homeowner developments, as well as for different size developments. In California, requirements for the inclusion of affordable units in residential developments range from 5 percent to 35 percent of the total number of units developed, with the vast majority set at 10 to 15 percent. o Term of Affordability: policy decision concerning the minimum required term of affordability and applicable resale restrictions. Requirements may differ for rental and homeowner developments. Terms of required affordability are usually recorded as deed restrictions on the property. In California, required terms of affordability range from no requirement to perpetuity, with 30 years as the most common term. In addition, some jurisdictions employ a rolling affordability requirement: each time a restricted unit is sold, the term of required affordability begins anew. During the required term, rental units must be affordable to and occupied by households in the target population. If the income of a household occupying an affordable unit increases above the maximum allowable, then the next available unit must be made available to a qualified household at an affordable rent. Resale restrictions on homeowner units often take the form of a right of first refusal. Under this type of program, the jurisdiction has the right to acquire or assign the right to acquire 'the affordable unit to another qualified household at a specified price. The resale price is typically limited to the original acquisition price adjusted for inflation or appreciation in real estate values. In the event that a qualified household cannot be identified and/or the jurisdiction elects not to exercise its right of first refusal, the current owner may sell the unit on the open market for the current market price. o Design Considerations: policy decisions concerning the comparability of affordable units to the market rate units in terms of design and location. Comparability guidelines vary substantially among California jurisdictions with inclusionary programs. Most programs permit the developer some flexibility with regard to the size, number of bedrooms, and interior amenities provided in the affordable units. However, in order to avoid stigmatizing certain units as "affordable", most programs also require that these units be similar to market rate units in exterior appearance and that they be dispersed throughout the development. Such requirements are consistent with the County's Density Bonus Program. o In Lieu Fee Option: policy decision concerning the payment of fees in lieu of building affordable units. In lieu fees may be used to by the jurisdiction to support affordable housing development in other locations and projects. High in lieu fee rates will encourage the provision of the required number of affordable units in new residential developments, while low rates will encourage the payment of fees in lieu of providing the units. The majority of California jurisdictions with inclusionary programs permit the payment of a fee in lieu of providing the required affordable units. The in lieu fees vary 2 from a low of $2,100 per unit in Coronado to a high of more than $16,600 per unit in Davis. As of January 1992, no affordable units had been constructed in connection with Coronado's inclusionary program, while the Davis program had produced an estimated 1,000 units. o Additional Options: policy decisions concerning additional options to the provision of the required units within the proposed residential development. In addition to in lieu fees, allowable alternatives could include: off-site compliance (construction of all or a portion of the required affordable units at alternative locations); dedication of alternative sites for affordable housing development; use of affordable housing "credits" earned on a prior project which included affordable units; and acquisition of affordable housing credits from other developers. While these options increase the developer's flexibility in meeting inclusionary requirements, they may-discourage efforts to achieve a broader distribution of affordable housing opportunities in all areas of the County. o Developer Incentives and Offsets: policy decisions concerning developer incentives and offsets designed to reduce the financial burden of compliance with inclusionary requirements for affordable units. Requirements to include a specified percentage of affordable units in a residential development may impose a financial burden on the developer. To the degree that the developer is able to pass this burden through to other buyers, this will result in increased prices paid by households acquiring the market rate units. In an effort to offset this burden and facilitate the provision of affordable units without driving market rate prices higher, jurisdictions may elect to provide a combination of developer incentives and offsets, including: a density bonus program; fee waivers; relaxed design restrictions for affordable units; and fast tracking through the plan approval and permit process. Each of these programs are designed to increase developer revenues and/or reduce costs in order to offset the burden of providing the affordable units. California jurisdictions currently employ all of the developer incentives and offsets listed, with density bonus programs as the most common approach. kh/k3b/HTFIOC6 3 C IT% OF SRN RRIION TEL : 415-866-1436 Nov 30 ,92 12 :08 NO -003 P .02 San Ramoll At�I 1�.-A I 102 CAMINO RAMON CITY OF SAN RAMON r.O.BOX 5 148 SAN RAMON,CAUrc);INIA W583 (S 10)275.2700 FAX:0101866-1436 November 30, 1992 Kathleen Hamm Senior Housing Planner Community Development Department Administration Building 651 Pine Street RECEIVED 4th Floor - North Wing Martinez, CA 94553 DEC 021992 Re: Contra Costa County Housing Trust Fund - Off Ice Of Revenue Sources i nty AdministratoV Dear Ms. Hamm' On November 24, 1992, the San Ramon City Council considered the County's proposal for a Housing Trust Fund, and made the following recommendations regarding the three potential revenue sources presented by the Contra Costa County Housing Trust Fund Task Force. Countywide General Obligation Bond: It was the consensus that a G.O. Bond presented the most viable option. The Council expressed support of a measure that would allow County residents the opportunity to vote their opinion regarding revenues for affordable housing. The Council also cautioned that current economic conditions may hinder the passage of G.O. Bond, and suggested waiting until such time that the regional economy Improves. In-lieu Housing Fees. The Council is reluctant to support an inclusionary housing program for a countywide Trust Fund, because the resulting in-lieu fees would likely generate an insignificant amount of revenues. Landfill Tipping Fees: The idea of raising tipping fees to construct affordable housing would receive no support from the City Council, now or in the future. CTYCOJINCII )1).P))Q AVMr-NISTRAIIVE 11AWFA,2,32J22 rot I(A:175.2170 ENC1NfFft,w, 1752260 C:jV M11NACt o 775 2330 PUK4 StRvtcul 27 •1 100 rARKS L COMmUNIty%'OvICES,276-22'XI ILANNINIj:173 WO CITT"60k MANSKATA110" )1W7)0 COMMUNITY CEWtR 1157300 guioimc,wsrECTILIN.).? .Izlo NOV-30-1992 13:08 415 866 1436 P.002 OF SAN RAMON TEL : 415-866-1436 Nov 30 ,92 12 :08 No .003 P .03 Kathleen Hamm November 30, 1992 Page 2 of 2 On behalf of the San Ramon City COUnCil, I want to thank you for the opportunity to review the proposals for a Housing Trust Fund, and hope that our comments are useful in assisting the County in its future decisions regarding now revenue sources for affordable housing, Sincerely, Patricia Boom Mayor PB;DR/c516.92 NOU-30-1992 13:09 415 866 1436 P.003