DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Verónica R. Soto, AICP
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Briefing on the City’s Affordable Housing Business Plan progress through August 2019 and the Risk Mitigation Assessment.
SUMMARY:
Briefing on the City’s Affordable Housing Business Plan progress through August 2019 and the Risk Mitigation Assessment.
BACKGROUND INFORMATION:
The FY 2019 Adopted Budget includes $25 million for Affordable Housing initiatives including $17 million in new funding. The $25 million budget includes $11.7 million for housing preservation and repair, $3.2 million for homebuyer assistance, $1.4 million to develop a coordinated housing system, $7.7 million for gap financing, and a $1 million risk mitigation fund. In November, the City received a $1 million private sector donation for additional funding for our Under 1 Roof program.
ISSUE:
Below is a table that summarizes the implementation status for the 10 housing-related activities that are included in the FY 2019 Affordable Housing Business Plan. The Neighborhood and Housing Services Department has updated the Business Plan to include the City’s prioritization of the anti-displacement work plans. Following the table are summary paragraphs that provide updates on each activity not completed to date.
|
Activity |
2019 Status (October through August) |
|
Affordable Housing Coordination Across All Housing Entities |
On Schedule |
|
Housing Trust & PFC Strategic Plan Development |
On Schedule |
|
Owner Occupied Rehab Program Delivery |
Behind Schedule 19 of 38 Homes Completed 37 Homes Under Contract |
|
Under 1 Roof Program Delivery |
Behind Schedule 348 of 433 Roofs Completed |
|
Homebuyer Assistance & Counseling Programs |
Behind Schedule 202 of 227 Clients Completed |
|
Develop a Housing Risk Mitigation Fund Policy |
Completed |
|
Gap Financing Awards for New Affordable Rental and Homeownership Development Projects |
Completed |
|
Consolidate City Housing Staff into the Neighborhood and Housing Services Department (NHSD) |
Completed |
|
Reconstitute the Housing Commission |
Completed |
|
LISC Support Contract Execution |
Completed |
Coordinated Housing System
• System met to discuss municipal housing policies with NALCAB on August 28.
• Removing Barriers to Affordable Housing Committee met on August 12, creating three subcommittees.
Strategic Plan/Review of Housing Trust & Public Facility Corporation
• Staff modified the language regarding the title of the executive director of the Trust and increased the recommended number of community members on the Foundation Board and presented to trust on August 28.
Owner Occupied Rehabilitation
• Nineteen (19) homes completed in August.
• Thirty-Seven (37) homes under construction.
Under 1 Roof
• 348 roofs replaced
Homebuyer Assistance & Counseling Programs
• Assisted 202 residents with first-time housing down payment financial assistance
• Staff received 1,847 applications.
Risk Mitigation Fund
• Team assisted 217 families through the end of August
• Staff will provide an update on the Risk Mitigation Assessment
FISCAL IMPACT:
This report is for briefing purposes only.
RECOMMENDATION:
This report is for briefing purposes only.