55C - RESO OC HOUSING FINANCE JOINT POWERS

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Adoption of Resolution to Join the Orange County Housing Finance Trust June 4, 2019 Page 2 his or her own apartment (or with others) but requires some onsite services to do so ("supportive housing"). Please see Exhibits 2, 4 and 5 for more detailed background about homelessness in Orange County, AB 448, supportive housing, how housing projects are funded, and the Orange County Housing Finance Trust. The areas delineated by Service Planning Areas (SPAs) are shown in Exhibit 5. If adopted by the City Council, the resolution (Exhibit 1) will allow the City to participate in the Orange County Housing Finance Trust. That means that the City would agree to share the power of providing for funding for housing, especially supportive housing, with other members of the Joint Powers Agreement. Recent actions by the voters and at the State level to provide more funding for housing has led to several billions of dollars becoming available for eligible efforts and projects. The Trust is envisioned to provide a stronger voice for the Orange County region to secure the region's share of State funds and other funds (including private grants) to help create longer - term housing for persons formerly homeless. Public funds include Proposition 1 funds, SB 2 funds, Community Development Block Grant funds, and more. As initially envisioned, supportive housing developers would go hand -in -hand with a supportive City to the Trust's governing board to apply for a portion of the Trust's funds to complete their project and to fill part of a funding gap. The Trust is not envisioned to build projects itself, to own projects, to manage projects, or to place projects in cities which did not apply for them. The Trust also cannot require member cities to take a share of any allocation of supportive housing units, nor to come to the table with funds to allocate. The Trust governing board would determine whether a project application is worthy of funding from the Trust. The Joint Powers Agreement (JPA) sets forth the powers, generally to fund affordable and supportive housing projects, which the member cities and County would share. It sets forth the Governing Board as follows: • Four representatives from the County of Orange, all elected officials (including two members of the Board of Supervisors) and placed on the Trust Governing Board by the Orange County Board of Supervisors. • Five representatives from cities, as follows: • One City Councilmember for the city member with the greatest population in the North Service Planning Area (see Exhibit 5 for the SPA map). • One City Councilmember for the city member with the greatest population in the Central SPA, (City of Santa Ana). • One City Councilmember for the city member with the greatest population in the South SPA. • Two City Councilmember who are each selected from member cities, which are not already represented on the Board of Directors (note: in the Trust's proposed bylaws, these two city representatives are reserved as follows: one for a medium-sized city [60,000 to 95,000) and one for a small city [up to 60,000 in population]). • An ex officio advisory board to the Governing Board is envisioned, including 55C-2