HomeMy WebLinkAboutPresentation - #04SANTA ANA
CITY COUNCIL PRESENTATION
MARCH 1, 2022
www.ochft.org
OCHFT OVERVIEW
•Created in March 2019.
•Joint Powers Authority (JPA) 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.
MISSION
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.
VISION
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
ACCOMPLISHMENTS
•Announced Notices of Funding Availability (NOFAs) in 2020, 2021, and 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 project, 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.
DEVELOPMENT TRACKING
TRUST FUNDS IN SANTA ANA
•Westview House
•Community Development Partners
•$1,450,349.19 awarded from the Trust
•85 units total, 25 Trust funded units
•Expected construction start May 2022
•Crossroads at Washington
•The Related Companies
•$2,500,000.00 awarded from the Trust
•86 units total, 15 Trust funded units
•Expected construction start June 2022
•North Harbor Village
•Jamboree Housing Corporation
•$2,217,769.14 awarded from the Trust
•91 units total, 14 Trust funded units
•Construction start date April 2021
•FX Residences
•HomeAid OC
•$832,051.28 awarded from the Trust
•17 units total, 16 Trust funded units
•Expected construction start June 2022
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: ~$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: ~$10.25 Million
LOOKING TO THE FUTURE
•Expand Trust membership to all 34 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.
SANTA ANA CITY COUNCIL
PRESENTATION
MARCH 1, 2022
www.ochft.org