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HomeMy WebLinkAbout03 HSGPROJ&ACTREQUEST FOR HOUSING AUTHORITY ACTION ~E~~~~~ ~~~~: ~~~~ar~u E~~~~a~~u ~~~: ~~ ~, ~~o r~~r~E: REFO~ ~"~R ~~USING ~I~ISI~1~ PR~JE~~ AND ~C~I~TI~`I~ ~~~R~v~~ [~ As Recommended ^ A Ar~ended ~QI~Tl~UED To i i ~M ~,l[~GC/ EXE UTIVE DIRECTOR RECOMMENDED ACTION Receive and file. ~NA~U~IT DE~TEL~P~~~ ANA OIL ~~N~+~II~N REC~~N~~TI4N At its Regular N~eet,~ng of dune 17, 2008, by ~ vote of ~ : 0 ~Vasque~, ~er~.no absent}, the community Redeve~.opment and Housing omission recommended that the Hou~.ng Authority receive and file the Report for Housing Division Project and Activities. DIUI~~ This status report for fiscal year 200-OS pro~rides statistics for the day-to-~day aforda~le housing activities of the City and the . comn~unit Redevelo gent ~ enc hard 1 Appl~a~~on ~en~ Y ~ g ~ the report i divided into four sections : loan Activ~.t~r~ loan ~irstTi~ne Portfolio ~Ianage~ent, ~o~np~.iance Home~uyer toile ~ 4~ Home ~ ~0 ~Ionitori.ng, a~.d Deve~.opment Projects . loan Activity Applications I'he Housing Services division offers .several different programs . Single ~emily Re~~~ ~4~ Report for Housing Di~rision Projects and Activities duly 7, 2008 Page 2 ~`he loans offered include f first t~.me hor~ebuyer assistance {American Dream Down-payment Assistance, "ADDI"~, rehab loans for owner occupied historic single family, single family and mobile homes . Thorn are four different mobile Dome programs : N~obile Home ~ardsh~.p Forg~.vable Loan Program., Federal Empowerment done Forgivable Loan Program, ~al~o~ne 1~obile dome Rehab Loan Program, and CalHome Replacement Loan Program. The dousing Divis~.on reviews applications to determine which program best fits the needs of the applicants, Applications are mailed out and received for these programs on a cantinuig ba~.s. chart 1 shows the number of applicat~.ons sent out by type this f~,scal year . Loan [~nderwritir~g and Approval Process ~n this process, staff reviews applicant eligibility, verifies ~.r~come and assets, oversees underwriting, conducts an inspect~.on of the unit, and prepares a wor]~ write up to determine rehabilitation work to e performed. Due to the complex funding requirements, applica.ts may be in underwriting as long as several months . ~t i largely deter~.ned by the applicant's ub~.ittal~ of the necessary paperwork. once approved, -.;...staff prepares all necessary loan documents, makes arrangements for execution, and reserves the required loan funds. A total of six single family loans and eight mobile home rehab loans have been approved in the fiscal gear to date. Ghat ~ Loans ~Ippr~ved a chart ~ reflects the total number of loans approved this fiscal dear by type of loan and ©~~°rAMi income level. Fourteen ~~°°~°'l ~.oan have been funded ~ during the fiscal year ~ngl~ Family Moi~ile Home Mobiie Home Home~uye~ Rel'7a~ilitati~r~ Re~laceme~t Rel~a~ilitation Prag~am Report far pausing Division Proj~~ and Activities July 7, BOOS Page Construction Process During this phase, ~~f ~anitar the ontruatian work, ~proe payments to contractors, and tracks expenditures to ensure they da not exceed available funds . l~ultifa~mily projects often involve addit~.onal issues such as compliance with prevailing wage ~`equix~ements and~or Davis-Bacon. As of the end of Nay, there were a total of 199 units underway. Loin Portfolio Nlanag~m~r~t The Dousing Di~ris~.on is respons~.ble for ensuring t1~e integrity of the residential lawn portfolio. As of tuner the principal balance was $5~,487r~81 million. This is comprised of 4~7 loans of wh~.ch ~8 were deferred or residual receipts payment loans. The lawn portfolio has generated 7,779 in repayments of prlnczpal and interest since the beginning of the fiscal year. =:: : ~v~~.op~en~ Projot~~fulti-~am~.l~ R~~,aiiitaticr~ Rant Street Infill Site The Ra~.tt Street Infill site consists of 1. ~8 acres. staff is currently working w~.th Civic center Barrio dousing corporation and its architect on des~.gn issues associated with the development of 11 courtyard style apartments on the site. Approval of the conceptual site plan is expected in June DOS with formal site plan review expected in September, Appro~ral of ent~.tleents is planned far the winter of 2~~8 with the can~encement of construction in the spring of ~0~9. Btaff anticipates br~.nging a disposition and Development Agreement ~DDA~ to the city Council and Redevelopment Agency in ~`eb~uary ~~D9, 1 ~ Q 0 B~.ock of N Logan The Logan Infill project cons~.sts of three vaoant fats located at 1aa~, 1D1~, and 101 forth Logan Street. grange county Community Housing corporation ~. currently finali2ing the construction budget associated with the developr~ent of a new ~.ae on each of the parcels . each s~.te has cleared the e~title~nent process and perr~~.ts have been issued. These hoes will be sold to law-income families and be subject to a 4~~year resale restriction. staff anticipates bringing a DDA to the Redevelopment ,Agency far consideration in August ~~08. 1 ~`.' S r Report for Housing Division Projects end Activities ~ul~ 7, DOS Page ~ Townsend and Raitt ~n ~~nuary ~, 2008, the sty ouncll and community Redevelopment Agency app~ov~d financing to Townsend & Ritt, LLB far acquisition and rehabilit~tian of five ~p~rtment buildings on Tawne~d and Raitt Streets. The buildings contain ~ total of ~1 one bedroom ~p~~tent units, 50 of which ire restricted to occupancy by very low-income households. The remaining unit i reserved for ~n onsite manager. The acquisition of 7~1 and 709 To~nsend was completed on February ~, 20oS, and the rehabilitation work has begun, The estimated completion date for these buildings is December 2008. the aquisitian of 817 and 821 Rant and $4 . Rant was completed an May 1~, 2~~8, end the reh~bilitatian work his not yet begun. The etited completion date for these buildings is May 2~~9. There i one unit that will be used as a community tenter with ~idsworks as the service provider. ilhirelMinnie :~ ~n December 18, 200, the pity council and community Redevelopment ~~-:agency approved financing for the acquisition and reh~bilit~tion of 17 apartment buildings on Wilshire end Minnie Streets. The original 1~~ units were to be converted into 144 one, two, three and four-bedroom units, with 14 of the units restricted to low end very low-income households. The remaining unit is reserved for an onsite ~~nager. The rehabilitation of six buildings his been completed and they ire being leased in accordance with the affordability restrictions. Tho developer is marketing this av~il~ble workforce housing to the surrounding businesses end through the re~te Santa Ana Business Alli~noe. The entire project i scheduled to be completed by March 2009. McFadden~Or~nge Staff is currently negotiating the development of two parcels ~t the cornea of McFadden and Orange with The Sion Education and Housing Foundation. This i a pilot project with an innovative approach for building homes in an expedited and efficient manner with below market construction costs. Staff anticipates bringing ~ DDA to the Redevelopment Agency in August 20x8. Birch Infill Project the Logan infill project consists of four vacant lots located at the X00 and 400 blocks of Birch in the Heniner Park Neighborhood. A total of deport for Hour ir~g Divi ~.on Pro~ets and Activities .duly 7, X008 Page 5 four single-family homes wi~.l be bu~.~.t. The plans have already been approved and ail environmental clearances ha~re been attained. Agency staff ~. ourrently e~plor~.ng development cptio~.s . Multi-site Infill The City Council has authorized staff to enter into negotiat~.on with The Olsen Company for the development of single-family homes on scattered ir~fill lots throughout the City. staff is continuing to work with Olson for the sut~.ittal of site plans and flnall~ation of the budget. staff anticipates bringing a DDA to the Redevelopment Agency for considerat~.on in Ootober ~~~5, ~`~ KCAL I~~~ There is no fiscal impaot asooi.ate with this notion. ~. r _. ......... t `~ ~ ~ Y ' ~ V ~iel~. 3 andr ~ ~ le ~ ~ ~ Housing Manager omunity development Agency ~~~1L~/JPHIsr