HomeMy WebLinkAboutSS2 - OCHFT Member Update - PowerPointOCHFTorg
OCHFT OVERVIEW
• Created in March 2019.
• Joint Powers Authority UPA) formed between the County
of Orange and a majority of cities in the county.
• Finance the development affordable housing
The mission of the Orange County Housing
Finance Trust is to strengthen the
communities in Orange County by financing
the development of affordable housing for
homeless and low-income individuals and
families.
I
7
The vision of the Orange County Housing Finance
Trust is to respond to the humanitarian crisis of
homelessness by identifying and securing funding
that will contribute to the construction of 2,700
permanent supportive housing units and work to
secure funding that will contribute to additional
affordable housing units by 2025.
ACCOMPLISHMENTS
23 cities and the County
5 -year strategic plan, updated annually
$30 million in funding
13 projects totaling 901 affordable housing units
Website with administrative and project related
information
Outreach to developers, cities, service providers
SAN, � ` o`��,cu:vaiy�cG�
9tJF0 4t f F OPS 1989 9�IFU •'
i� FOUNTAI,y
-
peCUVNSY
PNp,t1E1M cR< �. rr
� •� yr. � Z EST. 1x25
Ili" 'u s • ) p
• �DUNDEQ �B�n �LfFOl�
1776
�,u�Ncro
O� ceevou'�a �d
MISSION VIEJ
U �
Make Living Your Mission a y -
GARDEN GRovr Costa Mesa
yZ - oe
��eaUNTV CA��F
ACCOMPLISHMENTS
Announced Notices of Funding Availability (NOFAs) in 2020, 2021 & 2022.
2020 Funds Available: $11.5 Million
2021 Funds Available: $11.0 Million
2022 Funds Available: $10.5 Million
Committed funding to a total of 13 projects, 7 in 2020 and 6 in 2021.
2020 Funds Awarded: $10,165,360 (466 units)
2021 Funds Awarded: $10,192,730 (434 units)
Awarded $4,215,360 in 2020 from HCD for capital and administrative funding through the
Local Housing Trust Fund program.
Awarded $600,000 from OCCOG for their Regional Early Action Plan (REAP) grant for
administrative funding.
Awarded $5,000,000 in 2021 from HCD for capital and administrative funding through the
Local Housing Trust Fund program, awaiting award.
DEVELOPMENT TRACKING
Central 677 58% 1,096 46%
North 389 33% 892 3746
S6ulh 110 9% 441 17%
Grand Total 1,176 100% 2,386 100%
Complete 375 32% 619 26%
In progress of
379 3296 9186 41%
funding
Under Conslruction 423 3696 784 33%
Grand Total 2,176 100% 2,389 100%
Ul kdated September 14. 2021
View OCHFT Pipeline Map September 2021 in a full screen trap
Q Search 0CHFT Pipeline Map September 2021
_ fl n�ernn1r
+ {�
�J
ill Brea i
`j—j'
no Hills
State Park Map
Satellite
.n
T
$ Fullerton
41 Corona
_
Cerrita199
'
Ana
Lake Jiic
Esre
9
za,
Maun
Beach
0nge
91 C -)a
Mese
ninal
and
nta Ana
=e, Silverado
A
0
33
vine
_
Huntington=d�
r
Beach
La Forest
Beath Newport san Joaquin
Beach
Hills
�a'-
Mission Viejo
=a
Laguna Beach
Sao& uan
Capi trana
ODana
, Paint
Contact ma owner
p
gle
KEV h03rd Sl'1bftCIJtS Map data t2021 Google
5 mi l I Terms of lice
Report a map error
View OCHFT Pipeline Map September 2021 in a full screen trap
ANNUAL FUNDING SOURCES
Administrative Funding
County of Orange General Fund -
$200,000/year
Local Housing Trust Fund (LHTF) Program -
-$105,000/year
Regional Early Action Planning (REAP) Grant -
-$310,000/year
City Member Contributions - $0/year
Total Administrative Budget: -y$615,000
Capital Funding
County of Orange General Fund -
$1,000,000/year
Mental Health Services Act (MHSA) -
$4,500,000/year
Local Housing Trust Fund (LHTF) Program -
$4,750,000/year
• Total Capital Budget: -y$10.25 Million
LOOKING TO THE FUTURE
Expand Trust membership to all cities in the county
Receive additional funding through State budget allocation
Develop sources of private donations for affordable and workforce
housing
2,700 new permanent supportive housing units by 2025
Work with other stakeholders in Orange County to create more
regional collaborative opportunities to address the housing crisis and
homelessness.
OCHFTorg