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TO: BOARD OF SUPERVISORS ' �- Vista
FROM: Dennis M. Barry, AICD ` C"o unt!
Director,of Community Development
DATE: April 27, 1999
SUBJECT: Allocation of FY 1998/99 Housing Development Assistance Funds and Execution of Required
Legal Documents for the Beacon and West 9th Street Revitalization Project in Pittsburg.
SPECIFIC REQUEST(S)OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
(1)APPROVE the allocation of$36,000 in FY 1998/99 HOME Investment Partnership Act (HOME)/
Housing Development Assistance(I-MAF)funds to Mt. Diablo Habitat for Humanity for the Beacon.and
West 9th Street Revitalization Project, and (2)AUTHORIZE the Deputy Director, Redevelopment or
his designee to enter into the required legal documents for this purpose.
FISCAL IWACT
No General Fund impact. Funds for this project will come from the FY 1998/99 HOME/HDAF. HOME
funds are provided to the County on a formula,allocation basis through the U.S. Department of Housing
and Urban Development (HUD).
BACKGROUND/REASONS FOR RECOMMENDATIONS
On April 28, 1998, the Board of Supervisors approved the allocation of$813,000 to the YY 1998/99
CONTINUED ON ATTACHMENT: N YES SIGNATURE: F
RECOMMENDATION OF COUNTY ADMINISTRATOR REC"ItNDATION 6F'BOARD COMMITTEE
APPROVE OTHER
s
SIGNATURE(S):
ACTION OF
BOARD ON s �, r 3;$ APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ABSENT f�0,�7 AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE
ABSENT: ABSTAIN: BOARD OF SUPERVISORS ON THE DATE SHOWN.
Contact: Kara Douglas, 3351253
cc: County Administrator ATTESTED !�,r,/ 2 /9
County Counsel PHIL BATCHELOR, CLERK OF THE BOARD
Auditor—Controller OF SUPERVISORS&COUNTY ADMINISTRATO
Community Development
BY � . .w ,DEPUTY
HOl1IE/HDAF for use in funding affordable housing projects as they develop during the program
year. Including prior year carryover and reallocated funds, the current balance of the
HOME/HDAF is $1,055,940. On March 25, 1999, the Affordable Housing Finance Committee
(AHFC)voted to recommend that the Board of Supervisors approve an allocation of$290,000 in
HOTNIE,(HDAF funds to Eden Housing, Inc. for the Maplewood/(golden Glen Affordable Housing
project. The AHFC has also recommended that two additional projects be funded from the
HOME/HDAF: the Rodeo Senior Housing project recommended for $700,000, and this Habitat
first-time homebuyer project in Pittsburg for$36,000. The Maplewood/Golden Glen and the
Rodeo Senior Housing projects are under consideration by the Board as separate items on the
April 27, 1999 consent calendar. Assuming approval of all three of these projects, the FY 1995/99
HOME/HDAF will have a remaining balance of$29,940.
On October 8, 1998, the Affordable Housing Finance Committee (AHFC)voted unanimously to
recommend that the Board of Supervisors approve an allocation of$36,000 in HOME/HDAF
funds to Mt. Diablo Habitat for Humanity(Habitat) for the Beacon and West 9th Street
Revitalization Project in Pittsburg. Funds were recommended contingent on the following:
negotiation of loan terms consistent with HOME Program requirements and satisfactory to the
County, the sales price of the units to be at or below the appraised value, and resolution of
outstanding issues on Habitat's Ellis Street Townhouse project in Concord. If this allocation is
approved by the Board, the FY 19911/99 HOMEtHDAF will have a remaining balance of
$1,019,940.
The purpose of the Beacon and West 9th Street Revitalization Project is to provide affordable
homeownership opportunities for low and very-low income households through the acquisition
and rehabilitation of two properties, 476 West 9th Street and 1020 Beacon Street, in the City of
Pittsburg. Habitat will use the HOME funds for acquisition, and permits and fees. The City of
Pittsburg Redevelopment Agency(RDA) acquired the two properties for the amount of
outstanding tax liens on the properties and will transfer these properties to Habitat for $31,500.
The RDA is also providing fee waivers and relocation costs to the project. The homeowner's
`dsweat equity," volunteer labor, and donations of building materials will provide most of the
project budget. Upon completion of each home, the HOME loan will roll over as a deferred
equity share loan to the homebuyer which will be due on sale or transfer of the property.
The total cost of this project is $150,877. The development budget and sources of funds are:
Source Amount
FY 1998/99 HDAF/HOME funds $36,000
City of Pittsburg Redevelopment Agency 35,000
City of Pittsburg CDBG 30,000
World Savings 20,000
Donations 3 5,877
Gifts in bind 23,000
TOTAL $179,877
Use
Acquisition $36,000
Relocation 25,500
Rehabilitation 118,377
TOTAL, $179,877
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