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FROM: DENNIS M. BARRY, AICP Costa
COMMUNITY DEVELOPMENT DIRECTOR °
DATE: May 20, 2003 �� J
ounty
SUBJECT: Allocation of FY 2002/03 Housing Opportunities for Persons with AIDS funds.
SPECIFIC REQUEST(S)'OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION`.
(1) APPROVE the allocation of $370,000 in FY 2002/03 Housing Opportunities for Persons
with AIDS ('HOPWA) funds for the Bay View Community project, and (2) AUTHORIZE the
Deputy Director- Redevelopment, or his designee, to enter into the required legal documents
for this purpose.
FINANCIAL IMPACT:
No General Fuad impact. HOPWA funds are allocated to local jurisdictions by formula,
through the U.S. Department of Housing and Urban Development (HUD).
BACKGROUND:
The City of Oakland is granted HOPWA funds annually for Alameda and Contra Costa County.
Oakland distributes the funds to Contra Costa on a formula basis. The County administers
these funds on behalf of the Contra Costa Urban County and the other five HUD entitlement
jurisdictions. (The Urban County includes the unincorporated County and all jurisdictions
except the entitlement jurisdictions — Antioch, Concord, Pittsburg, Richmond and Walnut
Creek).
CONTINUED ON ATTACHMENT: x YES SIGNATURE: L 'Ty&�
2AECOMMENDATION OF COUNTY ADMINISTRATOR F71 CO MENDATItJ BOARDCOM
PPROVE ❑OTHER
SIGNATURE(S):
Qi,,�_
ACTION OF B ION May 20, 2003
APPROVED AS RECOMMENDED OTHER ❑
VOTE OF SUPERVISORS: I HEREBY CERTIFY THAT THIS IS A TRUE AND
CORRECT COPY OF AN ACTION TAKEN AND
R UNANIMOUS{ABSENT_ I ) ENTERED ON THE MINUTES OF THE BOARD OF
AYES: NOES:
SUPERVISORS ON THE DATE SHOWN.
ABSENT: ABSTAIN: ATTESTED
***District III Seat VACANT*** May 20,'?2003
Contact: JOHN SWEETEN,CLERK OF THE BOARD OF
cc: CAO SUPERVISORS AND COUNTY ADMINISTRATOR
County Counsel
Community Development
Allocation of FY 2002/03 Housing Opportunities for Persons with AIDS funds
May 20, 2003
Page 2
The County currently has$370,000 in unobligated FY 2002/03 funds for housing development. This
funding recommendation is for FY 2002 funds.
The purpose of the Bay View Community project is to increase the supply of multifamily rental
housing affordable to and occupied by extremely low, very law, and low income families,
including those with HIV/AIDS in Bay Point/East County. The Bay View apartment project is
one component of a larger mixed-use and mixed-income development. The community plan
includes 69 single-family homes, 51 apartments, a child-care facility and commercial space.
Five apartments,including 4 one-bedroom units and one two-bedroom unit will be reserved for
people with HIV/AIDS. Resources for Community Development (RCD) is the developer of the
multifamily rental component of the project. In accordance with HOPWA regulations, RCD will
refer Bay View residents to the appropriate services to assist them in maintaining a stable living
situation. Services will be provided through community-based and government agencies. The
project will remain affordable to the target population for 55 years.
The Board of Supervisors previously allocated $698,000 in HOME Investment Partnerships Act
(HOME) and $680,000 in Community Development Block Grant (CDBO)funds to this project.
Additional'funding is being provided by the state Multifamily Housing Program.
HOPWA funds are being recommended to this project with the following contingencies:
• County approval and review of the final development budget, and
• Identification of all financing sources required to successfully complete the project.
The total cost of the project is $15,562,927. The proposed development budget and sources of
funds for this project are:
Source Amount
HOPWA funds $370,000
County HOME funds $698,000
County CDBG funds $680,000
County Redevelopment Agency $2,823,111
Private Lender Loan $2,031,800-,
State Multifamily Housing Program $3,101,692
General Partner Contribution $592,500
Limited Partner Contribution $5,036,324
Federal Home Lean Bank/AHP $229,500
$15,562,927
Representatives from the other five entitlement jurisdictions concur with this funding
recommendation.
Required legaldocuments for this project includes, but may not be limited to, a loan and regulatory
agreement.
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