HomeMy WebLinkAbout04 - HsgDivProjActRptMEETING DATE:
MARCH 6, 2006
TITLE
MONTHLY REPORT FOR HOUSING
DIVISION PROJECTS AND ACTIVITIES
- EXECUTIVE DIRECTOR
RECOMMENDED ACTION
Receive and file.
RECORDING SECRETARY USE ONLY:
❑ As Recommended
❑ As Amended
CONTINUED TO
COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION
Recommended that the Housing Authority receive and file.
By a vote of 6:0 (Yanez absent) at its Regular Meeting of February 21,
2006.
DISCUSSION
The January 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.
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:
Mobile Home Hardship Forgivable Loan
Chart 1 -Applications
Mobile
Home 91
Single
Family 141
Affordable Housing
Monthly Report
March 6, 2006
Page 2
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 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. Once
approved, staff prepares all
necessary loan documents, makes
arrangements for execution, and
reserves the required loan funds.
Chart 2 shows the number approved
during this fiscal year by
program type. This represents a
total amount of $8,516,434 for
projects.
Construction Process
During this phase, staff
monitors the construction work,
approves payments to
146
contractors, and tracks
expenditures to ensure they do
144
not exceed available funds.
142
Multifamily projects often
involve additional issues such
144
as compliance with prevailing
138
wage requirements and/or Davis-
136
Bacon. Chart 3 shows the
number of projects underway
134
during each month of the fiscal
132
year.
Chart 2 - Units Approved
MR MH Rehab 10
Multi -Family
Rehab 75
Chart 3 - Units Underway
July August Sept.
Owner
Occupied
Single Family
Rehab 1
Oct. Nov. Dec. Jan.
3
Affordable Housing
.Monthly Report
March 6, 2006
Page 3
Loan Portfolio Management
The Housing Division is responsible for ensuring the integrity of the
residential loan portfolio. As of the end of January, the principal
balance was $34.3 million. This is comprised of 399 loans of which 292
were deferred payment loans. Two loans were paid off in January, while
23 have been paid off during the fiscal year. The loan portfolio has
generated $798,000 in program income from loan repayments since the
beginning of the 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 public health and safety
requirements. Monitoring includes case file review, unit inspections,
non-profit certifications and onsite auditing. As of the end of January,
the Division was responsible for monitoring 1,197 units.
Development Projects
Birch Street
The development of four California Bungalow style single-family homes is
underway in the Historic Heninger Park Neighborhood. Currently staff is
finalizing the construction contract and performance bonding documents.
Construction is expected to commence at 435 and 437 S. Birch Street in
March 2006 and with completion anticipated for the fall of 2006.
Marketing will begin in March and continue through June when a lottery
will be conducted for the sale of the homes to moderate -income
households. The construction of the homes at 217 and 219 S. Birch Street
is expected to commence in September 2006 and will be available in mid -
2007 at which time a second lottery will be held.
McFadden Infill Site (between Maple and Orange Streets)
The McFadden infill site consists of a 1.3 acre site. Currently staff is
working with an architect to develop conceptual plans, which will be
taken to the neighborhood by May. Staff anticipates distributing a
Request for Qualifications to select a developer by August.
Affordable Housing
Monthly Report
March 6, 2006
Page 4
Raitt Street Infill Site
The Raitt Street Infill site consists of 1.08 acres. Staff is
negotiating with Civic Center Barrio Housing Corporation to develop
attached homes on the site. It is anticipated that these homes will be
sold to low income families. The number of units that will be developed
on the site has yet to be determined. Staff anticipates bringing a
Disposition and Development Agreement (DDA) to the City Council and
Redevelopment Agency by December.
1000 Block of N Loaan
The Logan infill project consists of three vacant lots located at 1006,
1012, and 1015 North Logan Street. Staff is currently negotiating with
Orange County Community Housing Corporation to develop a new home on each
of the parcels. These will be sold to low income families and be subject
to a 45 -year resale restriction. Staff anticipates bringing a DDA to the
Redevelopment Agency for consideration by December.
Scattered Site Infill
The Housing Division is developing a Request for Proposal (RFP) for the
development of scattered infill single-family sites throughout the City.
These sites were acquired through various street and freeway improvement
projects. It is anticipated that the RFP will be published by the end of
the May.
FISCAL IMPACT
Patricia C. Whitaker
Executive Director
PCW/SLB/mlr
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