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Home My WebLink AboutMINUTES - 12142004 - HA1 • ,• Contra Costa County TO: BOARD OF SUPERVISORS FROM: Dennis M. Barry, AICP Community Development Director DATE: December 14, 2004 SUBJECT: Status of Contra Costa Housing Trust SPECIFIC REQUEST{S} OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATION As the Board of Supervisors and the Housing Authority Board of Commissioners ACCEPT Milestones Status Report for the Contra Costa County Housing Trust Fund dated December 1, 2004. FISCAL IMPACT None. The establishment of a Housing Trust Fund will not involve the appropriation of County general fund revenues. BACKGROUND On November 4, 2003 the Board of Supervisors approved a contract with Contra Costa FaithWorks to undertake a process to establish a Housing Trust Fund in Contra Costa County. The contract provided for FaithWorks to fulfill performance obligations, and to reach certain milestones by prescribed dates. The FaithWorks Housing Trust Fund Initiative is underway with performance specifications denoted in the attached December 1, 2004 report. CONTINUED ON ATTACHMENT: X YES SIGNATURE: .. r---'-A ECOMMENDATION OF COUNTY ADMINISTRATOR COM DATION O BOARD COMMITTEE C--A0' ROVE OTHE '00 SIGNATURE{S}: • ACTION OF BOA ON &- -o4 APPROVED AS RECOMMENDED VOTE OF SUPERVISORS HEREBY CERTIFY THAT THIS IS A TRUE AND UNANIMOUS ABSENT CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD SUPERVISORS ON THE DATE SHOWN. Contact: Jim Kennedy 3-1255 x orifi: Community Development ATTESTED , County Administrator County Counsel JOHN STEN, CLERK OF Housing Authority THE OARD OF SUPERVISORS AND via Community Development THE COUNTY * FaithWorks ADMINISTRATOR G:\CDBG-REDEV\redev\LNoble\Personal\Board Orders and Greenies\BOARD.housingtruststatus.12.04.doc w III��I CONTRA r HOUSING CONTRA COSTA HOUSING TRUST FUND REPORT Trust Fund Milestones Performance Standards and Goals INITIATIVE December 1, 2004 To: Jim Kennedy, Director, Redevelopment Agency Robert McEwan, Executive Director, Housing Authority From: Maria Alegria, Executive Director, CC Faith Works! Marti Buxton, Director CC Housing Trust Fund Initiative RE: Milestones Status Report for the Contra Costa County Housing Trust Fund The following report describes Milestones that have been achieved since the Board of Supervisors Order dated November 4, 2003 authorized the contract with CCFaithWorks to fund the establishment of a Contra Costa Housing Trust Fund(HTF). The contract provides that the conditions stated in the Faith Works allocation as Performance Standards and Goals are to be treated as milestones and that staff from the Community Development Department and/or the Housing Authority will notify the Board of Supervisors when milestones are achieved. The status of Performance Standards and Goals A. through F. is described below. Performance Standards and Goals A. November 2003: Establish Steerinz Committee In April of 2003 Contra Costa Faith Works brought together stakeholders concerned about the shortage of affordable housing in Contra Costa County. Discussions with leaders from business, non-profit organizations, labor, faith, environment and government led to participants committing to support a Housing Trust Fund(HTF) as a new, countywide source of funding. An Interim Steering Committee was formed and monthly meetings were held. Approximately 110 different participants representing about 75 organizations attended at least one of the 10 Steering and Executive Committee meetings held during the past 12 months. Sub-committees held regular meetings focusing on six critical elements including Administration, Program, Revenue Sources, Outreach, Fundraising and Technical issues. The recommendations of the sub- committees were presented to the Interim Steering Committee for approval. That process shaped the initial policies and direction of the group. Mary Brooks, a nationally recognized expert with the Housing Trust Fund Project Center for Community Change, provided technical assistance for the Interim Steering Committee and will continue to do so throughout the formation of the HTF. Contra Costa Housing Trust Fund Initiative (925) 254-1020 1 Page Two Milestones Report In Spring of 2004 the permanent Steering Committee with members and alternates, including an Executive Committee,was formed. Every member serves on a sub- committee that focuses on important actions and policies. The 5 sub-committees include Communication/Media/Outreach, Administration, Program, Fundraising and Technical Issues. Those individuals that have been attending the HTF meetings this past year but are not on the Steering Committee continue to be invited to attend and participate in the Steering Committee meetings. B. January 2004: Hire Program Staff Maria Alegria, Executive Director of Faith Works provides administrative and project oversight to the HTF Initiative (20%FTE). Shannon Dodge served as Campaign Director until July of 2004 at which time Marti Buxton became Director of the Contra Costa Housing Trust Fund Initiative (77%FTE). A Community Organizer will be hired early in 2005. C. February 2004: Hire consultant to conduct a, easibiliu analysis to determine the most appropriate continuing funding source, or the fund and to evaluate the most appropriate continuinz fundinz source for the fund and to evaluate the economic benefits of the trust fund program activities. David Rosen and Associates (DRA)were hired in April of 2004 to develop initial criteria and a list of potential revenue sources for the HTF in conjunction with the Faith Works staff. An initial written report was provided in June 2004 and presented to the Steering Committee in July. The report listed the 6 potential sources of revenues and the 6 criteria described in the scope. The commercial linkage fee was analyzed in depth. At the August Executive Committee meeting additional sources of revenue were requested and were provided and discussed at the September Executive Committee meeting. It was determined that certain revenue sources would be analyzed in depth. Numerous revenue sources were reviewed and it was determined at the October 21 Steering Committee meeting that the following sources represented the more viable candidate Housing Trust Fund revenue sources: a) countywide Commercial Linkage Fees, b) increase Document Recording Fees, and c) if Indian Gaming was established in Contra Costa County, a portion of the revenue to local government be dedicated to the Housing Trust Fund. These initial fees would establish the Contra Costa Housing Trust Fund and additional revenue sources would be added as they become available. D. July 1, 2004: Obtain $75,000 in,funding Lrom, our cities within Contra Costa County to support the feasibiliU phase of the proaram. A formula was devised to allocate a fair share to each of the cities based on 13 cents per capita. Meetings have been held with City staff, the Public Managers' Association Housing Committee, and the Mayor's Conference City County Relations Committee. Valuable information was provided by the cities in all the meetings but due to city budget constraints no funding has been provided to date. We will continue to work with the cities to obtain financial contributions. Additional funding has been secured from the Contra Costa Housing Trust Fund Initiative (925) 254-1020 J Page 3 Milestone Report Schwab Foundation ($35,000) and the San Francisco Foundation approved $20,000 in November 2004. Securing funding from Cities is a primary focus for December through February. E. September 1, 2004: Complete and deliver copy of easibiliu analysis to County. The feasibility study by David Rosen &Associates was initiated in April 2004. Their completed report, "Analysis of Alternative Sources of Revenues for the Contra Costa County Housing Trust Fund", was presented by the consultants at the October 21 Steering Committee. A copy of that report is attached and included with this Milestone Report. F. Complete comprehensive Housiniz Trust Fund proposal, including, administration, revenue source,programs and campaign outreach strategy. Determining a revenue source has been the primary focus of the committee since the Interim Steering Committee became permanent in July 2004. Some analysis and direction has been prepared on each of the above but it had not been finalized pending the selection of the revenue sources. As previously noted, three revenue sources were identified at the October 21 Steering Committee meeting. Now that the initial revenue sources have been identified, the appropriate sub-committees will address each of the components of the comprehensive Housing Trust Fund proposal and will release the full report by April 2005. During that same time frame, Performance Standard and Goal H (Educate community leaders and build support for selected revenue source)will also be implemented with a goal of completion by the April 2005 deadline. Contra Costa Housing Trust Fund Initiative (925) 254-1020