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80C - REGINA HOUSE LOAN AGMT
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80C - REGINA HOUSE LOAN AGMT
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Last modified
6/27/2019 5:24:43 PM
Creation date
6/27/2019 5:07:58 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80C
Date
7/2/2019
Destruction Year
2024
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EXHIBIT 1 <br />$28/HOUR NEEDED TO AFFORD A ONE -BEDROOM <br />MINIMUM WAGE INCREASES INSUFFICIENT IN THE <br />IN ORANGE COUNTY <br />FACE OF ORANGE COUNTY'S HEFTY RENT BURDEN <br />Regional Comparison of the Hourly Wage Needed to Afford <br />Rental Market Affordability in Orange County. 2016 end 2017 <br />a One -Bedroom Unit. 2017 <br />2016 2012 <br />_ <br />MEDIAN MARKET RENT (MONTHLY) <br />ONESEDROOM S1,324 $1.436 <br />TWO BEDROOM SI,672 $ 1,813 <br />- — -- - -- - - - - - - - <br />THREE BEDROOM S 2.327 S 2.531 <br />i <br />AMOUNT A HOUSEHOLD WITH ONE S 520 S 546 <br />�- �- <br />MINIMUM WAGE EARNER CAN AFFORD <br />I <br />TO PAY IN RENT (MONTHLY) <br />p <br />pi 3 "n ut z2 0 ° H <br />0 <br />I <br />NUMBER OF HOURS PER WEEK A 102 IOS <br />a z o p 8 z 0 <br />MINIMUM WAGE EARNER MUST <br />Z ab < m n <br />WORK TO AFFORD A ONE -BEDROOM <br />APARTMENT <br />- -- - - <br />Sowcez'Carmumtylndlealms AFpaa anaHr=r NEan MarAet Rent Wra! Me <br />Sou,ter COmnuNlY(ar3Catars Repwl ararysis ofFv'rhfarkel Rmr Qita/rmn On, <br />US Cep., ol"o e`0x Ur Onelapaanz (ww�vAucSae �)useg <br />US DepertmmtalHausi,g aM!/,Oen t bpmenr(mvwlWuznaq) um, dre <br />IN,hefl.0 IYdlM Natia+allow pemne Hang Codd. (wnwNJrcagA' <br />meflrodWa9Y o{lhe Na,.l!xr,,f one HousingC hvor(nmvrJn ) <br />Gr+fo'Na Empgmmr Mrebpmml Cepvtmm!(xaw.eddoagav) <br />Program Design and Strategic Changes <br />Mercy House first began operation of the Regina House Transitional Shelter Program in 1990. It <br />was designed to meet the needs of 7 homeless, single mothers and their children within the <br />community. <br />In July 2018, Mercy House begun operation of the HomeAid Orange County Family <br />CareCenter, a 56-bed year round emergency shelter located in the City of Orange that serves <br />homeless families with children. The shelter is within a network of three other family shelters <br />that have been created in Orange County over the past four years known as the Family <br />Shelter Network. The advent of these larger year round shelters for families has replaced the <br />need for Mercy House to continue to operate Regina House as a transitional shelter. <br />While the need for shelter beds has diminished there is still a strong need in the community for <br />the development of affordable housing for low-income families including those who are <br />formerly homeless. <br />In order to address this need, "Regina House" will be modified to "Regina Residence" <br />exclusively providing permanent housing with supportive services for low-income families. <br />Regina Residence Permanent Housing Program <br />The Regina House Permanent Housing Program will be designed to provide low-income <br />permanent housing with supportive services to two (2) large sized, low-income families. <br />Page 1 10 <br />80C-15 <br />
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