13A - COUNCIL COMMITTEE MIN - Laserfiche WebLink

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(Item 3 taken out of order.) 3. Affordable Housing Funds Policies and Procedures (Strategic Plan No. 4, 5) - (CDA) Rob Zur Schmiede, Interim Executive Director, stated staff will be answering questions from previous committee meeting as requested. Judson Brown, Housing Division Manager, provided presentation with outline of policies and procedures that are very thorough and cover all funding sources. Discussed timeline of review of where we've come from and where we're hoping to go. Committee questions answered and additional information provided. In addition to presentation, the Affordable Housing Funds Policies and Procedures and Memorandum on Summary of Recent Housing Legislation Approved by the State of California were provided as reference. Discussion on Regional Housing Needs Allocation (RHNA) and basis for Low and Very Low area median incomes: Councilmember Sarmiento commented that due to demographics, policy decision change may be needed with less units and higher subsidy. Mr. Zur Schmiede would look into policy and potential changes to thresholds. Chairperson Martinez also stated we need to articulate the numbers to obtain our goals and strive for them, letting developers understand policy and expectations. Investing in homeownership: Chairperson Martinez would like to see homeownership obtainable for millennials and others in the City. Mr. Zur Schmiede will look into approaches that may be available to City to help in purchase of home. Additionally, Chairperson Martinez would like to have a streamlined process to help developers with a possible by -right funding for housing based on City goals and objectives versus point system. City Manager Godinez stated we could give added points. Criteria could help address some of the priorities that would help incentivize and achieve goals of council. Chairperson Martinez would like council committee members to review revised policies and procedures before it goes to council. 2. Enhanced Infrastructure Financing Districts (Strategic Plan No. 3, 5) - (Kosmont) Joe Dieguez, from Kosmont Companies, a Real Estate Economic Development Public Finance advisory firm, has worked with City on a limited basis through engagement with SLAG, as SCAG's subject matter expertise as related to EIFDs and other tools. Mr. Dieguez provided presentation on Housing and Sustainability Districts: City of La Verne TOD EIFD Case Study. Kosmot worked with SCAG to set-up a screening tool to evaluate if projects make sense and helped take the lead on pilot projects to get things going. Example was a joint effort with Santa Ana and Garden Grove regarding golf course where a preliminary analysis was presented to the cities. Kosmont can provide a logistical and collaborative meeting to help take projects to the next steps with direction from City to focus on priorities. Chairperson Martinez commented that EIFDs or CRIA (Community Revitalization and Investment Authorities) could possibly help with streetcar or affordable housing projects in Santa Ana. Councilman Sarmiento inquired if this would be of benefit for Civic Center area, i.e. homeless encampment. Mr. Dieguez commented that Civic Center improvement is a good January 8, 2018 1 Economic Development, Infrastructure, Budget & Technology Minutes 13A-4