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2011 04 27 HCzo :, kOF ft� HOUSING COMMISSION AGENDA A Special Meeting to be Held at the La Quinta City Hall Session Room 78-495 Calle Tampico, La Quinta, California April 27, 2011 6:00 p.m. Beginning Resolution No. 2011-001 Beginning Minute Motion 2011-001 CALL TO ORDER 1. Pledge of Allegiance 2. Roll Call PUBLIC COMMENT This is the time set aside for public comment on any matter not scheduled for public hearing. Please complete a "Request to Speak" form and limit your comments to three minutes. When addressing the Housing Commission, please state your name and address. CONFIRMATION OF AGENDA CONSENT CALENDAR 1. Approval of the Minutes for the Special Meeting of January 25, 2011 BUSINESS ITEMS 1. Consideration of Housing Commission Work Plan for Fiscal Year 2011-2012 2. Consideration to Sell Foreclosed Homes to Income -Qualified Buyers COMMISSIONER ITEMS None. 0 6 STAFF UPDATES 1. Update on the La Quinta Redevelopment Agency and Housing Authority 2. Status Report on the Washington Street Apartments CORRESPONDENCE AND WRITTEN MATERIAL None. ADJOURNMENT DECLARATION OF POSTING I, Lori Lafond, Executive Assistant of the City of La Quinta, do hereby declare that the foregoing.Agenda for the La Quinta Housing Commission Meeting of April 27, 2011, was posted on the outside entry to the Council Chamber, 78-495 Calle Tampico, and the bulletin board at the La Quinta Post Office located at 51-321 Avenida Bermudas, La Quinta, California on April 25, 2011. Dated: April 25, 2011 44�c�& A � RI LAFO D, Ex tive Assistant City of La Quinta, tifornia Public Notices The La Quinta City Hall Session Room is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk's office at 777-7123, twenty-four (24) hours in advance of the meeting and accommodations will be made. If special electronic equipment is needed to make presentations to the Housing Commission, arrangements should be made in advanceby contacting the City Clerk's office at 777-7123. A one (1) week notice is required. Housing Commission Agenda . 2 April 27, 2011 MINUTES HOUSING COMMISSION MEETING A Special meeting held in the Study Session Room at the La Quinta City Hall 78-495 Calle Tampico, La Quinta, CA January 25, 2011 This meeting of the Housing Commission was called to order at 1:34 p.m. by Chairperson LaRocca. I. CALL TO ORDER A. Pledge of Allegiance�� B. Roll Call Present: CommissionerEi Pam borsel Teresa LaRocca' Absent: Staff Present and Sta the Cor any �r,efe the and aRocca whethj Sue Leider'andChairperson by Commissioner Dorsey excuse Commissioners limcusly approved. for an update on Polanco's can excuse her. f stated it .was at the discretion of the Commission. irperson ;°`LaRocca requested clarification on imissioner Polano and whether she intends to attend meetings. Staff stated that the matter will be rred to Council since she has not attended any of scheduled meetings. Chairperson LaRocca jested an update on the provision regarding absences. Douglas R. Development Assistant IL PUBLIC COMMENT: None. Evans, Assistant City Manager, Services and Lori Lafond, Executive III. CONFIRMATION OF AGENDA: Confirmed. �J Housing Commission January 25, 2011 IV CONSENT CALENDAR: It was moved and seconded by Commissioners Dorsey and Leidner to approve the minutes as submitted. Unanimously approved. BUSINESS ITEMS: Doug Evans, Assistant City Manager -Development Services, gave an overview of the housing projects that the Commission would be touring during this meeting. The tour would include a/Section 8 rental home in the Cove, the Vista Dunes Courtyard Homes,, end the Wolff Waters project. Staff members Debbie Powell and Betty Sewyer,,,would, provide a summary of each project during the tour.�� Chairperson LaRocca asked about the groundbreaking' for the two Habitat for Humanity homes. Mr. Evans explained that Habitat for Humanity had broken ground on two homes and the Agency.�was considering ,entairing into an agreement for them to do five or six`more homes. Commissioner Leidner asked. - to the budget changes prop that at this point, it was ur have on the City.. Staff was level and would inform the f made. V. COMN VII. STAFF Vill. CORRI the City's housing funds were in jeopardy due ed,.by Governor. Brown. Mr. Evans indicated own ;what affect the" proposed budget would konitoring the actions being taken at the State mrnssion when, and what changes would be to tour the City's housing inventory. ISSIONER ITEMS!s., None. AND WRITTEN MATERIAL: None. 2 11 Housing Commission January 25, 2011 IX. ADJOURNMENT: There being no further business, it was moved by Commissioner Leidner and seconded by Commissioner Dorsey to adjourn this meeting of the Housing Commission. This meeting of the Housing Commission was adjourned on January 25, 2011, at 3:44 p.m. Unanimously approved. Submitted by Lori Le Execu 3 Cl HOUSING COMMISSION MEETING DATE: April 27, 2011 ITEM TITLE: Consideration of the Housing Commission Work Plan for Fiscal year 2011-2012 RECOMMENDATION: AGENDA CATEGORY: BUSINESS SESSION:. CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: Review and approve the Housing Commission Work Plan for Fiscal Year 2011-2012 BACKGROUND AND OVERVIEW: A draft of the Housing Commission Work Plan for Fiscal Year 201 1-2012 is attached for your review and approval (Attachment 1). The Work Plan consists of objectives proposed by Commissioners and staff for the coming year. Staff has prepared a list of suggestions for the Housing Commission to review and approve or make suggestions. After the Work Plan is completed, it will be submitted to the Housing Authority for approval. FINDINGS AND ALTERNATIVES: The alternatives available to the Housing Authority include: 1. Approve the Housing Commission Work Plan for Fiscal Year 201 1-2012; or 2. Do not approve the Housing Commission Work Plan for Fiscal Year 2011-2012; or • 3. Provide staff with alternative direction. Respectfully s bmitted, Douglas R.-Gans Assistant City Manager - Development Services Attachment: 1. Draft Housing Commission Work Plan FY 201 1-2012 2 ATTACHMENT Housing Commission Work Plan FY 2011-2012 On October 20, 2009, Ordinance No. 473 was enacted which formally created the La Quinta Housing Commission. The Housing Commission's function is to review and make recommendations on all matters to come before the Housing Authority, except emergency matters'=:and matters the Housing Commission itself elects not to consider. Within thirty (30) days after the Housing Authority, has submitted a matter to the Housing Commission for its review and- recommendation, the Housing Commission shall make and file its :report thereon with, the Housing 5' Authority. If the Housing Commission ..:does not report upon.. the matter within thirty (30) days after its submission, by,the"Housing Authority, the Housing Commission shall be deemed to "'have, waived its review and recommendations concerning tF ei,matter and the Housing Authority may thereafter take action on the matter>without the, report of the Housing Commission. Fiscal year 2010/201 1 . was an inaugural year for the Housing Commission. As such, staff recommends the Work%,Plan for 2011/2012 again combine Commission member trainings with matters deemed review -and -advise. • Continue to review , the" Byiaw,sand Rules of Procedure of the La Quinta Housing, Authority as they pertain to the Housing Commission of properties transferred from the Redevelopment Agency the Housina Authoritv • Review documents for Housing Authority -owned properties, including: o Plan , to' select applicants to assure equal opportunity and nondiscrimination o Application for Admission or Recertification - Washington Street Apartments o Rental Agreement - Washington Street Apartments o Rental Agreement - Cove Homes o Rules and Regulations - Washington Street Apartments o Rules and Regulations - Cove Homes 1 o�. s c'FM OF HOUSING COMMISSION MEETING DATE: April 27, 2011 ITEMTITLE: Consideration to Sell Foreclosed Homes to Income -Qualified Buyers AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: RECOMMENDATION: Recommend to the Housing Authority that the Executive Director be given authority to take all necessary actions to sell the homes currently owned by the Housing Authority, and homes purchased or acquired in the future by the Housing Authority to income - qualified buyers. BACKGROUND AND OVERVIEW: The California Community Redevelopment Law ("Redevelopment Law") was adopted to assist in the elimination of blight and the provision of affordable housing. Pursuant to the Redevelopment Law, the La Quinta City Council ("City Council") established the La Quinta Redevelopment Agency ("Agency"). To assist the Agency to implement the Redevelopment Law mandate to provide affordable housing, in 2009 the City Council established the La Quinta Housing Authority ("Authority"). One of the Agency's affordable housing programs is a Home Foreclosure`Purchase Program, whereby the Agency purchases homes at foreclosure sales that are in need of substantial rehabilitation, rehabilitates the homes to a level consistent with the surrounding neighborhood, then sells or rents the homes to income -qualified buyers at affordable sales prices or affordable rents. Long-term affordability covenants are recorded against the homes that restrict the resale to affordable buyers at affordable sales prices. Through this program, the Agency has purchased 12 homes, seven of which have been completely rehabilitated and five of which are in the final stages of rehabilitation. Currently, La Quinta Palms Realty has been given the task of managing the inventory of all 27 rental homes as well as locating additional homes to purchase through foreclosure sales. In March of this year, Agency staff transferred ownership of all Agency -owned housing inventory to the Housing Authority for on -going operation, maintenance purposes, and future disposition (sale or rental to income -qualified households). The price of the houses purchased ranged from $68,000 to $126,000. The cost to rehabilitate the homes ranged from $6,621 to $88,022. In connection with each sale, the Agency provides a 2nd trust deed loan to the buyer as down payment assistance. Following is a financial summary of the purchases, rehabilitation, and sales thus far: Completed Sales: Purchase Price Rehab Cost Rubio $126,077 $67,824 Velasco $100,730 $85,546 Diaz $110,740 $47,048 Houses in Escrow Sale Price 151 Trust Deed $135,000 $70,000 $135,000 $65,275 $135,000 $105,275 2nd Trust Deed $65,000 $65,000 $25,000 Purchase Price Rehab Cost Sale Price 151 Trust Deed 2n° Trust Deed Velasco $114,099 $44,266 $135,000 $ 65,000 $65,275 Houses for Sale Purchase Price Carranza $82,161 Eisenhower $68,140 Vallejo $73,400 Houses Under Rehabilitation Purchase Price Carranza $92,480 Sonora $96,486 Navarro $70,000 Mendoza $81,852 Carranza $80, 244 Rehab Cost $88,022 $ 6,621 $47,737 Of the homes that have been completely rehabilitated, three have been sold and one is in escrow. Two homes were sold in March to very low-income families and one in April to a moderate -income family. The house in escrow will be sold to a very low- income family. Prior to the Housing Authority taking action to sell these homes, the Housing Commission must provide a recommendation to the Housing Authority. The Housing Commission can recommend that (i) the Housing Authority ratify the three sales that have already occurred, and authorize the Executive Director to execute all necessary documents to sell these houses and any houses later acquired by the Housing Authority, or (ii) the Housing Authority take some other action. With the authorization in place, staff would be able to complete the rehabilitation and escrow process in a timely manner. Staff will prepare a quarterly report to the Housing Commission and Housing Authority on all homes that are purchased and sold. FINDINGS AND ALTERNATIVES: 1. Recommend to the Housing Authority that the Executive Director be given authority to take all necessary actions to sell the homes currently owned by the Housing Authority, and homes purchased or acquired in the future by the Housing Authority to income -qualified buyers; or 2. Do not recommend to the Housing Authority that the Executive Director be given authority to take all necessary actions to sell the homes; or 3. Provide staff with alternative direction. Respectfull submitted, Douglas R. Evans Assistant City Manager — Developmente6ervices 04 a� TA 4 XPQumrrv cFM OF 1�� HOUSING COMMISSION MEETING DATE: April 27, 2011 ITEM TITLE: Update on the Redevelopment Agency and Housing Authority RECOMMENDATION: No action is required — informational item only. BACKGROUND AND OVERVIEW: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: STAFF UPDATES: I At the last Commission meeting, staff provided a brief overview of redevelopment. To review, redevelopment was created by State law in 1945 to assist cities and counties in eliminating blight from designated areas, including activities such as development, reconstruction and rehabilitation of residential, commercial, industrial, and retail areas. 20% of redevelopment funds collected by a redevelopment agency must be used to provide affordable housing in a Redevelopment Project Area. The State mandates the number of affordable dwellings each city must develop. The dwellings must be affordable to very low-, low-, and moderate -income residents. (Income level is calculated as a percentage of the median income for the region.) The La Quinta Redevelopment Agency has been very successful in implementing a multi -faceted housing program to achieve the State's housing mandate. The La Quinta Redevelopment Agency is mandated to produce 2,307 affordable housing units, and to date, has produced approximately 1,060 affordable units. In January of this year, Governor Brown presented a proposed State budget which includes the elimination of all redevelopment agencies in the State. The rationale is to alleviate. the State budget deficit by transferring local redevelopment funds to the State, and in turn, the State would redistribute the funds to various agencies. The City created the Housing Authority in September of 2009 for the purpose of owning, managing, rehabilitating and eventual disposition of the housing properties. Based upon this information, the Redevelopment Agency and Housing Authority approved the transfer of the housing inventory from the Redevelopment Agency to the Housing Authority. The housing properties transferred to the Housing Authority include all Cove rental homes (27 homes), vacant residential lots (12 lots), and homes purchased out of foreclosure (12 homes). In addition, the Agency is in the process of adding the Housing Authority to the Washington Street Apartments grant deed. La Quinta Palms Realty has been retained to manage all the Housing Authority single- family homes. In addition, they have been retained to manage and sell the 12 foreclosed homes that have been purchased through the Home Foreclosure Purchase Program. Of these 12 homes seven have been rehabilitated, and five are in the process of being rehabilitated. Three of the houses that have been rehabilitated have been sold to low-income families and one is in escrow. With the help of La Quinta Palms Realty the Agency will be purchasing more foreclosed homes and preparing them for sale to qualified very low-, low-, and moderate -income buyers. Respectfully submitted, Douglas . Evans Assistant City Manager — Development Services L: � D 4a Qum& HOUSING COMMISSION MEETING DATE: April 27, 2011 ITEM TITLE: Status Report on the Washington Street Apartments RECOMMENDATION: Informational item — no action is necessary. BACKGROUND AND OVERVIEW: AGENDA CATEGORY: BUSINESS SESSION: CONSENT CALENDAR: STUDY SESSION: PUBLIC HEARING: _ STAFF UPDATES: In October 2008, the City's Redevelopment Agency ("Agency") purchased the Washington Street Apartments. The property's 72 units are currently restricted to very -low income seniors and disabled adults with one manager unit. The residents receive a rent subsidy from the federal government, acting through the Farmer's Home Administration, United States Department of Agriculture ("RD"). The Agency is undertaking a multi -phased, multi -year project to substantially rehabilitate all 73 units and record additional affordability covenants. The Agency also plans to develop a new low-income senior housing complex on the vacant land to the south. After purchasing the apartment complex, a management company, Hyder Property Management, was hired to manage the day to day business of the complex. Staff has been working closely with the company as well as being involved with the residents to resolve issues and assist in the transition. For the last two years, staff has held a Thanksgiving dinner for all the residents in order to familiarize ourselves with the tenants and their needs. The community room was repainted and new furniture purchased to make it more functional and attractive, and the City is working to bring programs and classes to the site. On the development side, staff has been working with an architect to prepare conceptual site plans for both the existing apartments as well as the proposed apartments on the vacant land to the south. The existing units will be completely rehabilitated and three new buildings will be constructed, adding 26 new units to this site. Two of the units are for a manager and maintenance person. A new Commons Building will also be constructed. A new sound wall along Washington Street is being designed as well. This will help alleviate the traffic noise from Washington Street and improve the appearance of the property. This will be Phase I of the project. Phase II will consist of constructing 42 new units on the vacant land to the south. Staff is currently in the process of adding the Housing Authority as co-owner of the apartment complex. It was originally planned that once the rehabilitation project and new units were completed, the project would be transferred to the Housing Authority, but due to the recent changes being proposed by the Governor to possibly eliminate redevelopment agencies, it was determined the safest avenue would be to add the Housing Authority as a co-owner of the project now to protect the Agency's investment. This process could take approximately six months due to the RD approval process. Due to the project's complexity and magnitude, staff requested that the Rosenow Spevacek Group ("RSG") prepare a proposal to help develop and implement the project. RSG's proposal includes the design development and coordination with RD to add the 26 new units to its rental subsidy program, as well as the entitlement processing, relocation assistance, utility plans, permits, coordination, construction management, and final disposition. Their contract would include the selection process to retain and subcontract with various firms for architectural and landscape design, engineering and surveying, soils testing, and required environmental studies. This contract was approved the Agency Board on March 15, 2011. With the approval of this contract with RSG, it is anticipated that the construction of first phase could begin within a year. Respectfully submitted, L e G Douglas R. E ans Assistant City Manager — Development Services 2