HomeMy WebLinkAboutMINUTES - 06281994 - 1.51 . � :. Contra
Costa
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TO: BOARD OF SUPERVISORS County r
FROM: Harvey E. Bragdon
Director of Community Development
DATE: June 28, 1994
SUBJECT: Contra Costa County HOME Program Funded Affordable Housing Project
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
.APPROVE the allocation of. (1)$20,000 in FY92 HOME funds to St. Vincent de Paul of Contra Costa
(SVDP) to determine the feasibility of developing 39 units of newly constructed multifamily rental
housing units affordable to lower-income families in the City of Pittsburg; and (2)$15,000 in FY 93
HOME funds to increase the affordable housing development capacity of SVDP; and (3) AUTHORIZE
the Deputy Director -Redevelopment, or his designee, to enter into legal documents with SVDP, the
project sponsor, to carry out these activities.
FISCAL IMPACT
No General Funds are involved.FY92 and FY93 HOME funds were provided to the County through the
U.S. Department of Housing and Urban Development via formula allocation.
CONTINUED ON ATTACHMENT: X YES SIGNATURE: l
_RECOMMENDATION OF COUNTY ADMINISTRATOR _ MMENDA ON OF BO
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON a qq 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.
Contact: Kathleen Hamm
646-4208 ATTESTED _
cc: County Administrator PHIL BA CHELOR, CLERK OF THE BOARD OF
County Counsel SUPERVISORS AND COUNTY ADMINISTRATOR
Auditor-Controller(N. Garnett)
Community Development BY AAAA 1--li DEPUTY
St. Vincent de Paul
file D1.10(h)(1.5)
BACKGROUND/REASONS FOR RECOMMENDATIONS
St. Vincent de Paul of Contra Costa (SVDP) owns a 2.9 acre site located at 390 Central Avenue in the City of
Pittsburg. The organization is committed to working with an accomplished housing developer to develop proposed
affordable multifamily rental housing, to be called Solari Gardens Apartments, on this site. The purpose of this
project is to assist SVDP in developing their capacity for affordable housing development and to provide funds for
predevelopment to determine the feasibility of developing Solari Gardens Apartments.
As proposed and if feasible, this project will provide 39 units of newly constructed multifamily rental housing
affordable to lower income households in East County, including a minimum of 13 units affordable to and occupied
by households with incomes at or below 50 percent of area median income(AMI). The remainder of the units will
be affordable to and occupied by households with incomes at or below 60 percent AMI. The requested HOME funds
will be used for predevelopment and capacity building. If approved, the funds will be provided in the form of a zero-
interest loan, payable out of the construction loan or forgivable if the project proves infeasible. Affordability
restrictions will be incorporated into the loan documents.
The total cost of this project is $44,500. The budget and sources of funds for this project are:
Source Amount
County FY 1992 HOME $ 20,000
County FY 1993 HOME $ 15,000
St. Vincent de Paul funds 9 450
TOTAL $ 44,450
Use Amount
Predevelopment $ 28,150
Staff development and training 16 300
TOTAL $ 44,450
Predevelopment activities eligible under this contract include architectural, engineering, and environmental studies
of the current site, and tax credit and project consultant fees. Capacity building activities eligible under this contract
include staff salary and training for a part-time Housing Project Developer/Coordinator. Following determination
of feasibility, SVDP will identify and apply for.project financing, and complete predevelopment conferences with the
City of Pittsburg, including securing building approvals.
SVDP has been designated as a Community Housing Development Corporation (CHDO) for purposes of
participating in the Contra Costa County HOME Program. Since it was established in 1958, the Contra Costa.
Council of SVDP has been providing job skills training and employment opportunities for the disabled, minority, and
economically disenfranchised population throughout the County. This project provides SVDP, working with an
accomplished nonprofit housing developer (Community Housing Opportunities Corporation - CHOC), with the
desired opportunity to expand into the field of affordable housing development.
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