HomeMy WebLinkAbout04 - HsgDivProjActeXqCUTIVE DIRECTOR
RECOMMENDED ACTION
Receive and file.
�,ducaFion 7s{
RECORDING SECRETARY USE ONLY:
APPROVED
❑ As Recommended
❑ As Amended
CONTINUED TO
COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION
Recommended that the Housing Authority receive and file.
By a vote of 7:0 at its Regular Meeting of March 21, 2006.
DISCUSSION
The February 2006 monthly status report provides statistics for the day-
to-day affordable housing activities of the City and the Community
Redevelopment Agency. The report is divided into four sections: Loan
Activity, Loan Portfolio Management, Compliance Monitoring, and
Development Projects.
Loan Activity
Applications
The Housing Services Division offers
rehabilitation loan programs designed
for owner occupied historic single
family, single family, and mobile
homes. 'There are four different
mobile home programs: Mobile Home
Hardship Forgivable Loan Program,
Chart 1 Applications
Single
Family 1&
Mobile
come 101
Monthly Report for Housing
Division Projects and Activities
April 3, 2006
Page 2
Federal Empowerment Zone Forgivable Loan Program, CalHome Mobile Home
Rehab Loan Program, and CalHome Replacement Loan Program. The Housing
Division reviews applications to determine which program best fits the
needs of the applicants. Applications are mailed out and received for
these programs on a continuing basis. Chart 1 shows the number of
applications sent out by type this fiscal year.
Loan Approval Process
Staff reviews applicant eligibility,
verifies income and assets, oversees
underwriting, conducts an inspection of
the unit, and prepares a work write up to
determine rehabilitation work to be
performed. Once approved, staff prepares
all necessary loan documents, makes
arrangements for execution, and reserves
the required loan funds. Chart 2 shows
the number approved during this fiscal
year by program type. This represents a
total amount of $8,521,434 for projects.
Construction Process
During this phase, staff monitors the
construction work, approves payments r55
to contractors, and tracks rya
expenditures to ensure they do not 145
exceed available funds. Multifamily 140
projects often involve additional
issues such as compliance with 135
prevailing wage requirements and/or 130
Davis -Bacon. Chart 3 shows the 125
number of projects underway during
each month of the fiscal year.
Loan Portfolio Management
MF Rehab
75
Chart 2 Units Approved
MH
Chart 3 -Units Underway
ler
d1
July August Sept. Oct. Nov. Dec. Jan. Feb.
The Housing Division is responsible for ensuring the integrity of the
residential loan portfolio. As of the end of February, the principal
balance was $34.3 million. This is comprised of 405 loans of which 299
were deferred payment loans. One loan was paid off in February, while 24
4
Monthly Report for Housing
Division Projects and Activities
April 3, 2006
Page 3
have been paid off during the fiscal year. The loan portfolio has
generated $816,566 in program income from loan repayments since the
beginning of the fiscal year.
Compliance Monitoring
Over the years, the City and Agency have received funds from various
State and Federal programs. These funds each have specific restrictions
and requirements. The Division is responsible for ensuring that the
projects are in compliance with these requirements, and that the units
meet the City's municipal code as it relates to public health and safety
requirements. Monitoring includes case file review, unit inspections,
non-profit certifications and onsite auditing. As of the end of January,
the Division was responsible for monitoring 1,197 units. Staff is
focusing on auditing loan files from the City's Rehabilitation Program.
Development Projects/Multi-Family Rehabilitation
Birch Street
On January 3, 2006, the Redevelopment Agency awarded a contract for the
construction of four California Bungalow style single-family homes in the
Historic Heninger Park Neighborhood. After working diligently with the
selected contractor, he was unable to obtain the necessary performance
bond. Staff is now reviewing options available.
McFadden Infill Site (between Maple and Oran
Currently staff is working with an architect
which will be taken to the neighborhood
distributing a Request for Qualifications
August.
Raitt Street Infill Site
Streets
to develop conceptual plans,
by May. Staff anticipates
to select a developer by
Staff is negotiating with Civic Center Barrio Housing Corporation to
develop attached homes on the site. It is anticipated that these homes
will be sold to low-income families. The number of units that will be
developed on the site has yet to be determined. Staff anticipates
bringing a Disposition and Development Agreement (DDA) to the City
Council and Redevelopment Agency by December.
in
Monthly Report for Housing
Division Projects and Activities
April 3, 2006
Page 4
1000 Block of N Logan
The Logan infill project consists of three vacant lots located at 1006,
1012, and 1015 North Logan Street. Staff is currently negotiating with
Orange County Community Housing Corporation to develop a single-family
home on each of the parcels. Staff anticipates bringing a DDA to the
Redevelopment Agency for consideration by December.
Scattered Site Infill
The Housing Division is developing a Request for Proposal (RFP) for the
development of scattered infill single --family sites throughout the City.
These sites were acquired through various street and freeway improvement
projects. It is anticipated that the RFP will be published by the end of
the May.
1501 N. Ross Street & 1411 N. Durant Street
On January 3, 2006, the City Council and Redevelopment Agency approved an
agreement with Orange Housing Development Corporation (OHDC) for the
acquisition and rehabilitation of two multi -family properties located at
1501 N. Ross Street and 1411 N. Durant Street. During the month of
February, the State preliminarily approved OHDC for a bond allocation for
the project and anticipate final approval in March.
FISCAL IMPACT
There is no fiscal impact associated with this action.
.6.�,PatricA C. Whitaker
Executive Director
PCW/SLB/mlr
H:\ACTIONS\2006 HA\MthlyRptHsgProjs&Activities 4--3-06.doc