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Home My WebLink About25 - Award of Affordable Housing Funds - PowerPointNovember 24, 2015 Award of Affordable Housing Funds NFA `Ai a •,ilit Ae r 7 MM mow___, �o /0 0 0000 '90)duction j r X44 �'�Ci,cOSa Award of Affordable Housing Funds Newport Shores Project - $1,975,000 Acquisition, rehabilitation, and preservation of existing 12 unit apartment OASIS/Habitat for Humanity - x600,000 Senior home repair program Seaview Lutheran Plaza - x1,600,000 Rehabilitation and accessibility improvements to existing loo unit affordable senior apartment Community Development Department - Planning Division 2 0NMI MeTre a Affordable Housing Fund Inclusionary Housing Ordinance In -Lieu Housing Fee Option X4.2 million balance Purpose- construct new; or rehabilitate and/or preserve existing units Affordable Housing Task Force (AHTF) Three council members Task- identify, evaluate, and implement affordable housing projects 2013- direction to preserve existing at -risk housing (112 units next 5 years) 2015- Request for Proposal (RFP) to developers and housing community Community Development Department - Planning Division 3 M Request for Prannsr"_ Use Affordable housing development or programs Distribution Housing developers, housing providers, and housing interest lists Review Criteria Site control, term, costs, design, management, implementation of housing goals, supportive services, etc. Six Proposals Submitted s withdrawn, z disqualified, 3 evaluated further Community Development Department - Planning Division 4 ■ 0 1 I l e 16"r. I l u r I I Is Evaluation Panel ■ Housing and/or real estate experience Scored against Review Criteria Presented to AHTF Final AHTF recommendations to City Council Community Development Department - Planning Division 5 Newport Shores Project Jr r fi 1 : iTJ 111110 gyres Prow u C �J Project Location lam_ r 1 ' r m f111 1111% r weat Nav port Park Community Development Department - Planning Division 6001 Coast Blvd 12- unit apartment 1 -bedroom units 3 garage spaces to carports spaces 1Built 1962 a Existing Conditions MR INr ya Ion 1�8 S 11 IWMMWR 11 T rvroiect Scope n a4 05 Acquisition $1,975,000 loan (55 -year, o% interest) Leveraged with other sources Preservation Due to property conditions, rents remain low 55 year affordability covenant Professional Property Management Rehabilitation Interior and exterior renovations Aesthetic enhancement to community Community Development Department - Planning Division I 0 Ah Community Development Department - Planning Division new canvas awning 4" pine wood planks; new pin mounted new fascia and frame natural finish signage applied painted a= new skylights new light fixture Ms r ,- _IFi� ,ff L _ _ ..: new double pane windows 4" wood planks; painted TJ. T 1 stucco; painted 9 f 4 _ a - 4" pine waapct planks; natural finish at entry passion stucco; new light now metal fruit vine painted fixtures frame garage doors Community Development Department - Planning Division replace existing railing )date existing .iling; paint stucco; painted new light fixtu paint existing now light fixtures block wall low impact 4" pine wood planks; new slatted security gate natural finish Community Development Department - Planning Division 4" wood planks; painted stucco; painted replant existing planters paint existing planters new canvas awning and frame 4" pine wood planks, natural finish at entry 4" wood planks: painted stuecO; 14" wood planks; I existing storage; painted painted paint same as stucco passion fruit vine r_ stucco; painted Community Development Department - Planning Division 12 Rernn%xAl ni 57.,,nhr dt fnr npw 1 e V V oo 0 shores planting Little John Bo tlebrush Icee Blue Podocarpus mexican feather grass african aloe super red aloe dwarf agave proposed site plan drought tolerant :plantings (all existing .interior planters; all new raised planters) „ Community Development Department - Planning Division 13 Tiffordability c� �r Veterans Six extremely low-income (<30 %AMI- $23,150) One low-income (<6o%AMI -X61,650) ■ Seniors (Previously Unrestricted) Five very low-income (<5o%AMI- $38550) Priority for veterans Supportive Services . Veterans Administration -referrals and services • Mercy House— retain housing and self-sufficiency On -Site Manager- Income eligible Community Development Department - Planning Division �4 enior Home Repair Prole bf� at b4k&07 Ha�l t for HumaWty' Community Development Department - Planning Division EreTreTa Mrin koIna we Prole Senior Home Repair Program Low-income seniors (<50%AMI -X61,650) Improvements- Accessibility, safety concerns, health & well-being, and code enforcement Partnership OASIS- existing resources and familiarity Habitat OC- experience implementing improvements Community Development Department - Planning Division 16 ErITreTa M rw,"011 koIna we Prole Benefits Allows seniors to age in place Rehabilitates deteriorated housing stock Assists special needs group (seniors) Community enhancement Funding s600,00o grant Approximately 3o homeowners Community Development Department - Planning Division 17 r% 0—%'&,f t e■w■ 1 i i+"^ voN h O ■ (-ommunrty ueveiopment uepartment - Nanning uivision I 2800 Pacific View Drive • Built 1982 • i-oo units • 1 -bedroom • Low-income <5o%AMI • Majority extremely -low • Original 33 -year I interiors LWI gran Plaza W Project Location Mr. old Community Development Department - Planning Division :19 Ah ■ i ADA bathroom improvements Showers, toilets, fixtures, grab bars, etc. ■ Renovations • Flooring replacement • Bathroom and kitchen cabinets/countertops • Paint •Energy efficient lighting • Water efficient fixtures OL 0 Community Development Department - Planning Division 20 r% 07%111 ^1A■ 1 i i+"^ voN h [J A V I%;;; VV I.Li LrI I'k;;;I U I I 1 IULG7 ■ Funding Requesting- $2.8 million ■ Affordable Housing Task Force Recommendation Allocate remaining s1.6 million to project Combination of grant and deferred no -interest loan ■ Additional 30 year affordability extension- 2o6g Terms under negotiation AHTF and City Council for final funding approval Community Development Department - Planning Division k ' ■• ■ Authorize agreement with CDP and funding ($1,975,000) for the Newport Shores Project Authorize agreement with Habitat OC and funding ($600,000) for Senior Home Repair Project ■ Authorize staff to negotiate an agreement with Seaview Lutheran Plaza for funding (s3..6 M) of renovations and accessibility improvements Community Development Department - Planning Division rie