HomeMy WebLinkAbout04 - HsgDivProjActREQUEST FOR HOUSING
AUTHORITY ACTION
■
-`DIRECTOR
RECOMMENDED ACTION
Receive and file.
RECORDING SECRETARY USE ONLY:
APPROVED
❑ As Recommended
❑ As Amended
CONTINUED TO A - z, �)oo
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 October 17, 2006.
DISCUSSION
The September 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. As the fiscal year progresses, the graphs will
reflect the increased activities.
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:
Chart 1 Applications
Sin 'a
Family
Dbile
u,ne 76
Monthly Report For Housing Division
Projects and Activities - September 2006
November 6, 2006
Page 2
Mobile Home Hardship Forgivable Loan Program, 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 Underwritinq and 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. Due to the complex
funding requirements, applicants may
be in underwriting as long as several
months. It is largely determined by
the applicant to submit the necessary
paperwork. Once approved, staff
prepares all necessary loan documents,
makes arrangements for execution, and
reserves the required loan funds.
Chart 2 indicates the loans in the
underwriting process as of September.
Chart 2 Loans in Underwriting
Chart 3 reflects the
MWIIAMI 4Ml of loans approved
p50%
M3011AMI year by type of loan
level.
igle Family 8
total number
this fiscal
and income
M,
Monthly Report For Housing Division
Projects and Activities - September 2006
November 6, 2006
Page 3
Construction Process
During this phase, staff monitors the construction work, approves
payments to contractors, and tracks expenditures to ensure they do not
exceed available funds. Multifamily projects often involve additional
issues such as compliance with prevailing wage requirements and/or Davis -
Bacon. Chart 4 shows the types of units under construction. As of
September, there were a total of 118 units underway.
940
120
100
80
60
40
20
0
Chart 4 Units Underway
July August Sept
Loan Portfolio Management
p MH Replacement
I l Rental Units
E
p SF Rehab
® MH Rehab
The Housing Division is responsible for ensuring the integrity of the
residential loan portfolio. As of September, the principal balance was
$33.8 million. This is comprised of 397 loans of which 300 were deferred
payment loans. The loan portfolio generated $100,558 since the beginning
of this 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 health and safety
requirements. Monitoring includes case file review, unit inspections,
non-profit certifications and onsite auditing. During this fiscal year,
the Division will be responsible for monitoring 1,249 units.
Monthly Report For Housing Division
Projects and Activities September 2006
November 6, 2006
Page 4
Development Projects/Multi.-Family Rehabilitation
Raitt Street Infill Site
Staff is continuing to negotiate with Civic Center Barrio Housing
Corporation (CCBHC). It is anticipated that rental units will be
developed for very low and low-income families. The number of units that
will be developed on the site has yet to be determined. CCBHC is
currently working with an architect and is finalizing the proposal.
1000 Block of N Louan
The Logan infill project consists of three vacant lots located at 1006,
1012, and 1015 North Logan Street. Staff continues to negotiate with
Orange County Community Housing Corporation (OCCHC) to develop a single--
family home on each of the parcels. OCCHC is partnering with Taller San
Jose to develop the parcels. OCCHC is in the process of developing the
project budget and is working with Planning on the design. Staff
anticipates bringing a DDA to the Redevelopment Agency in January of
2007.
Multi -Site Infill
In September, the Housing Division released a Request for Qualifications
(RFQ) for the development of thirteen sites throughout the City. The
process was initiated by the distribution of a letter to more than 100
developers. Those interested may download the RFQ from the City website
or contact the Housing Department for a copy of the RFQ. A mandatory
pre -submission conference was held on Wednesday, October 18, 2006, at 10
a.m. The Statements of Qualifications are due Wednesday, November 15.
FISCAL IMPACT
There is no fiscal impact associated with this action.
A��46
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Housing Division Manag r
Community Development Agency
SGH/SLB/mlr
H:IACT10NS12006 HA1Mth1yRptHsgProjsAc1ivitics Sept 11-7-06.doc