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HomeMy WebLinkAboutItem 07 - Quarterly Report for Housing Division Projects and Activities Community Development Agency santa-ana.org/cd Item # 7 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report November 2, 2021 TOPIC: Quarterly Report for Housing Division Projects and Activities AGENDA TITLE: Quarterly Report for Housing Division Projects and Activities for the period of July 2021 – September 2021 RECOMMENDED ACTION Receive and file the Quarterly Report for Housing Division Projects and Activities for the period of July 2021 – September 2021. DISCUSSION This report for the quarter ending on September 30, 2021 provides statistics for all of the affordable housing projects and activities for the Housing Division. The report is divided into four sections: Loan Activity, Loan Portfolio Management and Monitoring, Affordable Housing Funds and Commitments, and Development Projects. Loan Activity Applications The Housing Division offers several different programs including down payment assistance for first-time homebuyers and rehabilitation grants for mobile homes and single-family homes. Inquiries are received from the public and applications are mailed out, received and approved for these programs on a continual basis. Table 1 shows the number of inquiries, applications sent out, received and approved by type for the quarter and for the total fiscal year: Table 1: Applications Sent Out, Received & Approved Inquiries Applications Sent Out Applications Received Applications ApprovedProgram Q1 Total FY Q1 Total FY Q1 Total FY Q1 Total FY Home Repair Grant Program 26 26 26 26 20 20 0 0 Homeownership / DPAP 16 16 16 16 2 2 2 2 Loan Subordinations 1 1 1 1 1 1 1 1 Quarterly Report for Housing Division Projects and Activities November 2, 2021 Page 2 2 1 9 5 The number of applications received is typically lower than the number of applications sent out in any given period due to the stringent program guidelines for eligibility regulated by the federal government, which makes it difficult for most applicants to qualify. The City of Santa Ana’s Home Repair Program is designed to increase, improve, and preserve affordable housing through the use of federal Community Development Block Grant (CDBG) funds. The program is administered by Habitat for Humanity of Orange County on behalf of the City. The program provides grants of up to $25,000 for eligible home repairs to include eligible roof replacement to low- and moderate-income homeowners at or below 80% of the Area Median Income (AMI) as defined by the Department of Housing and Urban Development (HUD). Eligible activities include the repair, replacement, and/or installation of major systems including plumbing, heating, electrical, windows, roof, paint, and handicap accessibility. Down Payment Assistance Loan Program (DPAP) Progress For the Down Payment Assistance Loan Program, staff evaluates applicant eligibility and oversees underwriting to ensure compliance with program guidelines and requirements established by the U.S. Department of Housing and Urban Development (HUD). During this quarter, staff conducted one down payment assistance virtual workshop via Zoom with 12 attendees. One down payment assistance loan closed escrow. One Inclusionary Housing Buyer was approved and closed escrow. Loan Portfolio Management & Monitoring The Housing Division is responsible for managing the residential loan portfolio, which includes all of the loans entered into by the City and Housing Authority acting as the Housing Successor Agency. As of the end of the first quarter, the principal balance was $138,539,857.67. This is composed of 368 loans, of which 344 are deferred or residual receipt payment loans. As shown in Table 2, the loan portfolio generated $408,498.02 in payments of principal and interest during the first quarter. The amount of residual receipts payments changes every quarter. Table 2: Portfolio Revenue Funding Source HOME CDBG Redevelopment NSP CalHOME Loan Payoffs $0 $0 $125,200 $13,785.58 $5,000 Residual Receipts Payments $59,275.31 $0 $96,633.70 $68,830.02 $0 Amortized Loan Payments $2,905.55 $6,478.93 $19,388.93 $0 $11,000 Total for Q1 $62,180.86 $6,478.93 $241,222.63 $82,615.60 $16,000 Monitoring As part of the requirements for these funds, staff must monitor the owner-occupancy of single-family homes that have received loans, and the building code compliance of units in rental projects with long-term affordability covenants. During this quarter, 36 owner- Quarterly Report for Housing Division Projects and Activities November 2, 2021 Page 3 2 1 9 5 occupancy recertification letters were mailed and 32 were returned and processed. This number includes letters sent from previous months. On-site compliance monitoring of the tenant files was not conducted this quarter due to COVID-19. HUD has temporarily waived the requirement for ongoing periodic inspections of HOME-assisted rental housing through September 30, 2021. Staff is in the process of hiring for a Residential Construction Specialist to conduct these ongoing periodic inspections. Available Funds and Land Assets for Affordable Housing Development Projects The City of Santa Ana and the Housing Authority acting as the Housing Successor Agency manages multiple sources of local, state and federal funds to promote and facilitate the development of affordable housing as well as land assets held by the Housing Authority. Exhibit 1 provides a summary of the funds available as of September 30, 2021. Exhibit 2 provides a summary of available land assets. Housing Opportunity Ordinance On-Site Development: Since 2011, a total of 33 units have been developed on-site as a result of the Ordinance, including 23 ownership units for-sale and 10 rental units: Units Built On-Site Ownership Rental Total 23 10 33 In-Lieu Fees Generated: All in-lieu fees, penalties and other monies collected pursuant to the Housing Opportunity Ordinance, including interest, are deposited into the Inclusionary Housing Fund. Since inception, the Inclusionary Housing Fund has generated $21,510,127 to be used for the development of housing affordable to low- and moderate-income households, with a reasonable amount spent on administrative or related expenses associated with the administration of the Housing Opportunity Ordinance. In-lieu fees generated have been used to develop new affordable housing opportunities, provide emergency shelter, and create homeownership opportunities. Below is a summary of how in-lieu fees have been used by the City: Project Inclusionary Housing Funds SPENT # of Units Address Santa Ana Arts Collective $4,775,000 57 1666 N Main Street Tiny Tim Plaza $1,300,000 50 2239 W 5th Street The Link Interim Emergency Shelter $4,140,295 N/A 2320 S Red Hill Avenue TOTAL $10,215,295 107 Quarterly Report for Housing Division Projects and Activities November 2, 2021 Page 4 2 1 9 5 Project Inclusionary Housing Funds COMMITTED # of Units Address Habitat for Humanity “Lacy & Vance”$565,271 2 416 Vance Street & 826 N. Lacy Street Westview House $1,514,113 84 2530 and 2534 Westminster Avenue WISE Place Steps to Independence Public Service Program $90,000 N/A N/A Down Payment Assistance $210,000 N/A N/A TOTAL $2,379,384 86 Affordable Housing Development Projects There are two affordable housing projects under construction, and four affordable housing projects in pre-development. Below is a brief summary and status-update for each project. Exhibit 3 provides a development timeline for each project. Projects under Construction Legacy Square (609 N Spurgeon Street) Developer National Community Renaissance with Mercy House as the service provider Description New construction of a 100% affordable multifamily apartment complex consisting of 92 units of rental housing and one (1) manager’s unit. All units will be affordable to households earning less than 60% AMI of which 33 units will be set-aside for permanent supportive housing. Authority Funds Eight Project-Based Vouchers (PBVs) Update Construction is fully underway, including the completion of sewer and water in the street. The Groundbreaking Ceremony was celebrated on July 8, 2021. The estimated completion date is February 2023. North Harbor Village (1108 N Harbor Boulevard) Developer Jamboree Housing Corporation Description Acquisition and rehabilitation of a former motel yielding 89 units of permanent supportive housing. City / Authority Funds CDBG ($1,687,047); Eight-nine PBVs consisting of 34 HUD-VASH PBVs and 55 non HUD-VASH PBVs. Update Construction is currently underway including the completion of the demolition of the units. The estimated completion date is October 2022. Projects in Pre-Development Crossroads at Washington (1126 and 1146 E Washington Avenue) Developer Related Companies of California with A Community of Friends (ACOF) as co-developer and lead service provider Quarterly Report for Housing Division Projects and Activities November 2, 2021 Page 5 2 1 9 5 Description New construction of a 100% affordable multifamily apartment complex consisting of 85 units of rental housing and one manager’s unit. All units will be affordable to households earning less than 30% AMI of which 43 units will be set aside for permanent supportive housing. City / Authority Funds HOME Investment Partnerships Program ($3,007,489), Neighborhood Stabilization Program ($1,297,693), sixty-five-year ground lease agreement for 1126 and 1146 E Washington Avenue (Appraised Value as of September 22, 2019: $4,108,136) Seven (7) Project-Based Vouchers (PBV’s). Update The Developer was successfully awarded Orange County Housing Finance Trust funds in May 2021. The Developer continues to work with the City, County, and the California Department of Toxic Substances Control (DTSC) on supplemental environmental investigations. The City, County, and DTSC entered into a Standard Voluntary Agreement for further agency oversight. DTSC is preparing the Cleanup Plan for the project. Once the Cleanup Plan is made available, environmental cleanup can begin. FX Residences (801, 809, 809 ½ East Santa Ana Boulevard) Developer HomeAid Orange County, Inc. with Mercy House as the service provider Description New construction of an affordable multifamily apartment complex consisting of 16 units of permanent supportive housing, and one (1) manager’s unit. City / Authority Funds Housing Successor Agency ($1,069,947), three (3) PBVs, 99-year ground lease agreement for 801 E. Santa Ana Blvd. (Appraised Value as of Oct 25, 2018: $788,000) Update HomeAid Orange County applied for $300,000 from Federal Home Loan Bank of San Francisco through their Affordable Housing Program (AHP) Loan Program at the beginning of March but the project was not awarded the AHP funds. Following this project setback, HomeAid Orange County is requesting additional financial support from the City of Santa Ana to close the financial gap of the project. HomeAid will be submitting the first set of Building permit drawings in early/mid October. Habitat for Humanity (416 Vance Street & 826 N Lacy Street) Developer Habitat for Humanity of Orange County Description New construction of two single-family detached homes for homeownership serving households up to 120% AMI. City / Authority Funds Inclusionary Housing ($565,271) and a 99-year ground lease agreement for 416 Vance Street and 826 N. Lacy Street (Appraised Value as of Oct 25, 2018: $578,000) Update On April 6, 2021, City Council approved a First Amendment to the Conditional Grant Agreement with Habitat for Humanity of Orange County for an additional $333,777 in Inclusionary Housing Funds for a total Inclusionary Grant amount of $565,271 for the development of the project. The Developer’s Site Plan Review application was submitted in April 2021. Quarterly Report for Housing Division Projects and Activities November 2, 2021 Page 6 2 1 9 5 The Developer is working through Site Plan Review prior to issuance of their building permit to start construction. Westview House (2530 Westminster Avenue) Developer Community Development Partners Description New construction of an affordable multifamily apartment development consisting of 85 units of both large family and PSH with one manager’s unit. Twenty-six of the units will be funded by PBV and MHSA funds through the NPLH program. City / Authority Funds Inclusionary Housing ($1,514,113), HOME Investment Partnerships Program ($2,003,705), Rental Rehabilitation Program ($386,523), and twenty-six (26) Mainstream Program PBVs Update The developer will applies for 4% tax credits and bonds on September 9, 2021. The formal CTCAC hearing is on December 8th. The developer is expecting to close on their financing before June 2022. Regional Housing Needs Assessment Housing projects that have been approved, permitted, or received a certificate of occupancy after June 30, 2021 may be counted towards the 6th Regional Housing Needs Assessment (RHNA) Cycle (October 2021 to October 2029). Below is a summary of our progress to meet our sixth RHNA Cycle requirements for affordable housing: Very Low Income Low Income Moderate Income RHNA Allocation 606 362 545 Pipeline Projects 414*529 2 Remaining RHNA 192 -167 543 * 281 units are for extremely low income households (0 – 30% AMI) FISCAL IMPACT There is no fiscal impact associated with this action. EXHIBIT(S) 1. Available Funds for Affordable Housing Development Projects 2. Available Land Assets for Affordable Housing Development 3. Project Timelines Submitted By: Steven Mendoza, Assistant City Manager Approved By: Kristine Ridge, City Manager $3,647,769 Cash on Hand ($1,069,947)Frances Xavier Residence Project Pre-Commitment Loan 1 ($250,000)Administrative Costs Allowance 2 ($2,007,553)Administrative Costs Allowance for Future Fiscal Years 3 ($307,386)Crossroads at Washington Option Agreement Amendment 4 ($12,883)Crossroads at Washington Environmental Assessment Oversight 5 ($0.00)Available Funds Inclusionary Housing Funds $15,504,515 Cash on Hand ($50,000)Down Payment Assistance Program 6 ($565,271)Lacy Street Project Grant 7 ($1,514,113)Westview House Pre-Commitment Loan 8 ($45,000)WISEPlace Steps to Independence Program Agreement 9 ($3,007,673)Administrative Costs Allowance (CDA/PBA) $10,322,458 Available Funds HOME Program $8,272,644 Funds to Drawdown ($3,007,489)Crossroads at Washington Pre-Commitment Loan 10 ($60,150)Crossroads at Washington Project Costs ($2,003,705)Westview House Pre-Commitment Loan 8 ($40,074)Westview House Project Costs $3,161,226 Available Funds to Drawdown CDBG Program (Acquisition/Rehabilitation Projects Only) $241,905 Funds to Drawdown $241,905 Available Funds to Drawdown NSP Program (Abandoned, Foreclosed or Vacant Properties Only) $1,529,195 Funds to Drawdown ($1,297,693)Crossroads at Washington Pre-Commitment Loan 10 ($96,395)Crossroads at Washington Project Costs $135,107 Available Funds to Drawdown Rental Rehabilitation Grant Program $394,378 Cash on Hand 11 ($386,523)Westview House Pre-Commitment Loan 8 $7,855 Available Funds $13,868,551 Total Available Funds 1 Approved by Housing Authority on January 15, 2019. 2 The Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the former Redevelopment Agency's housing loans. 3 Funds to be set aside for compliance and monitoring requirements due to uncertainty of future repayment revenues. 4 Approved by Housing Authority on December 15, 2020. Additional $150,000 maximum approved by Housing Authority on August 17, 2021 (2nd Amendment to Option Agreemen 5 Approved by Housing Authority on July 20, 2021. 6 $400,000 originally approved by City Council on March 6, 2018. Nine loans paid through end of September 2021. 7 Approved by City Council/Housing Authority on March 5, 2019. Additional $333,777 approved by City Council on April 6, 2020. 8 Approved by City Council on April 7, 2020. 9 Approved by City Council on April 7, 2020. 10 Approved by City Council on July 2, 2019. Additional $333,742 loan amount approved on August 17, 2021. 11 Old program income available after close out of program with HUD. Available Funds for Affordable Housing Development Projects As of September 30, 2021 Housing Successor Agency (Housing Authority) EXHIBIT 1 EXHIBIT 2 AVAILABLE LAND ASSETS FOR AFFORDABLE HOUSING DEVELOPMENT (1) 302 E. Twenty-Second Street a. APN: 003-122-25 b. Lot Size: 27,817sf c. Current Zoning: R1 Single-Family Residence, which allows one house per lot. d. Parcel was acquired 10/30/2002 using Low and Moderate Income Housing Asset Fund - 20% Set Aside. e. Previous Use: Purchased from Cal Trans. It was a remnant parcel from the freeway widening project. The site was vacant and undeveloped at the time it was acquired. f. General Plan: Low Density Residential, which allows single-family residences and ancillary uses. g. Maximum du/ac: Seven units per acre. h. Site Condition / Environmental Conditions: Property is irregular in shape, is below the minimum lot size for a residential lot, and will most likely require the approval of several variances from the zoning code in order to facilitate a residential unit. EXHIBIT 3 Page 1 of 4 Current Affordable Housing Development Project Timelines Projects Under Construction Legacy Square – 609 North Spurgeon Street Aug 18 Santa Ana CDA Funding Application Dec 18 Applied for NPLH and SNHP Funds Jan 19 Santa Ana funding award Feb 19 Planning entitlements approved Feb 19 Applied for Round 4 AHSC Funding May 19 Award of SNHP funds Jul 19 Applied for Round 1 MHP Nov 19 Applied for State 4% tax credits Jan 20 Construction drawings (8-12 weeks) Feb 20 Apply for Round 5 AHSC funding May 20 Apply for 4% tax credits May 20 Plan check (12-16 weeks) Jun 20 Award of AHSC funds July 20 Award of 4% Tax Credits July 20 Award of Tax-Exempt Bonds May 20 Plan Check (12-16 weeks) Jan 21 Building permit issuance Feb 21 Construction closing/syndication Feb 21 Begin construction (24 months) Jul 21 Groundbreaking Ceremony Feb 23 Construction complete June 23 100% fully leased (4 months) North Harbor Village – 1108 N. Harbor Mar 19 Start of design development Mar 19 Applied to FHLBSF for AHP Financing ($890,000) Mar 19 Award of VASH Vouchers & City Loan by City Council (89 Vouchers and $1,687,047) Mar 19 Start environmental approval process with City of Santa Ana (CEQA/NEPA) Mar 19 Applied for Home Depot Grant ($500,000) Jun 19 CEQA / NEPA Approval – City of Santa Ana Jun 19 AHP Award Date ($890,000) Aug 20 Applied to HCD for MHP 1st Round Funding ($13,316,412) Dec 19 Notified project did not receive 1st Round MHP funding Feb 20 Applied to HCD for VHHP Funding ($10,000,000) Mar 20 Applied to HCD for MHP 2nd round funding Mar 20 Applied to OCHFT Financing ($2,292,920) EXHIBIT 3 Page 2 of 4 May 20 Notified project did not receive 2st Round MHP funding May 20 Received OCHFT funding award ($2,292,920) Jun 20 Received VHHP funding award ($10,000,000) Jun 20 Submitted Plans for Ministerial Design Approval Jun 20 Applied for CDLAC tax exempt bond allocation ($24,000,000) Jul 20 Applied for TCAC 4% competitive state and federal tax credits ($9,896,911) Sept 20 CDLAC Allocation Nov 20 Ministerial Design Approval (upon completion of community meeting on 11/4/2020) Oct 20 TCAC Allocation Oct 20 Start construction documents for rehab Nov 20 Submit first plan check Dec 20 Awarded Home Depot Grant Jan 21 Receipt of first plan check comments Jan 21 Submit second plan check Feb 21 Receipt of second plan check comments Feb 21 Submit third plan check Mar 21 Received permit ready Apr 21 Construction loan closing Apr 21 Pull Permits and start construction Oct 22 Construction complete Oct 22 Start of lease up Apr 23 Full occupancy Projects in Pre-Development Crossroads at Washington – 1126 and 1146 E. Washington Avenue Aug 19 Submitted PSH application to County Oct 19 Submitted for Planning entitlements Oct 19 Community meeting Nov 19 Approval of Joint Powers Agreement, Option to Ground Lease, Voucher Resolution and Cooperation Agreement, and Regional Housing Needs Assessment (RHNA) Agreement and Density Bonus Dec 19 NEPA EA City Approval – City of Santa Ana submits NEPA EA to HUD Feb 20 PSH Funds and Voucher approval from County Board of Supervisors Feb 20 Planning entitlements approved Mar 20 TCAC 9% Application – 1st Round 2020 Jul 20 TCAC FCAA/9% Application – 2nd Round 2020 Oct 20 TCAC FCAA/9% Award – 2nd Round 2020 Mar 21 Submitted OCHFT PSH NOFA Application May 21 OCHFT PSH NOFA Award Jan 22 Submit for 1st plan check Jun 22 City issues permit ready letter Jun 22 Start construction Aug 23 Construction complete EXHIBIT 3 Page 3 of 4 Dec 23 Full occupancy FX Residences – 801, 809, 809 ½ E. Santa Ana Boulevard Jan 19 Council approval for land lease and project funding Jan 19 Submittal of application for NPLH funding Feb 19 Confirm with City staff that project site can yield additional units under existing zoning Mar 19 Revise conceptual drawings for additional 5 units (17 total units, up from the original 12 units) Mar 19 SNHP funding application submitted to County Apr 19 City staff to review revised conceptual design Apr 19 Begin development agreement May 19 Board of Supervisors meeting for SNHP funding Jul 19 Execute Development Agreement Jul 19 Formal awards letters for NPLH funding to be issued Aug 19 Initial planning submittal Sept 19 Sunshine Ordinance Meeting Mar 21 Planning Commission Meeting (ministerial approval of density bonus) Oct 21 Submit for first plan check Nov 21 City Council Meeting (ministerial approval of density bonus) Mar 22 Building Permit Apr 22 Begin construction (grading, weather permitting) Apr 23 Completion of construction Habitat for Humanity – 416 Vance Street & 826 N. Lacy Street May 20 DDA signed June 20 Prepare grading plans Oct 20 Prepare architectural plans Oct 20 Submit Neighborhood Review Application Feb 21 Final Approval from Historic French Park Committee Apr 21 Submit Site Review Application Nov 21 Submit grading/improvements Nov 21 Submit architectural plans Jan 22 Grading permit issued Jan 22 Commence Grading Feb 22 Building Permits issued Mar 22 Begin construction Feb 23 Anticipated construction completion Feb 23 Certificate of Occupancy / Closings Westview House – 2530 Westminster Avenue Oct 19 City of Santa Ana RFP submittal May 20 OC 2020 Supportive Housing NOFA Submittal Dec 20 OC 2020 Supportive Housing NOFA award EXHIBIT 3 Page 4 of 4 Jan 21 City of Santa Ana PBV Award Jan 21 Construction/permanent debt commitments Jan 21 Receive Entitlements Jan 21 No Place Like Home application Mar 21 OCHFT application May 21 OCHFT Award Jun 21 No Place Like Home commitment Sep 21 CDLAC/TCAC 4% application Dec 21 CDLAC/TCAC 4% award Jun 22 Close on construction financing Jun 22 Construction permits issued Jun 22 Construction start Dec 23 Construction complete Mar 24 All units Leased Aug 24 Perm Debt Conversion