Loading...
2019 12 11 HC MinutesCONSENT CALENDAR ITEM NO. 1 HOUSING COMMISSION MINUTES WEDNESDAY DECEMBER 11 2019 A regular quarterly meeting of the La Quinta Housing Commission (Commission) was called to order at 4:00 p.m. by Chairperson Gaeta-Mejia. PRESENT: Commissioners: Casto, Davidson, McDonough, Pacheco, and Chairperson Gaeta-Mejia ABSENT: None PLEDGE OF ALLEGIANCE Chairperson Gaeta-Mejia led the audience in the Pledge of Allegiance. PUBLIC COMMENT ON MATTERS NOT ON AGENDA - None CONFIRMATION OF AGENDA - Confirmed ANNOUNCEMENTS PRESENTATIONS AND WRITTEN COMMUNICATIONS I. SUMMARY OF THE REGIONAL HOUSING NEEDS ASSESSMENT (RHNA) MANDATE Management Specialist Kinley gave a presentation on the Regional Housing Needs Assessment (RHNA) Mandate which began in 1969 with the purpose to assist in implementation of the housing element, mandated by California state law and has a cycle of 8 years. The Housing Element within the City's General Plan requires formulating the number of dwellings necessary, which is allocated based on 5 income levels; extremely low, very low, low, moderate and above -moderate. The County determines the median of a 4- person household and what their average income would be for that time period. RHNA allocation process has been going on for the past 40 years. Currently we are closing on the 5th cycle with the 6th cycle beginning Oct 2021. Cycles require a methodology which determines the 8-yr. cycle's allocation for how many homes the jurisdiction will need for its residents. The California Housing and Community (HCD) & Southern California Association of Government (SCAG) who represent Orange County/LA to San Bernardo/Riverside County work together. SCAG takes the greater area's input and submits to HCD for review. 1.3 Million units has been determined to be required for Southern California during this 6th cycle. SCAG created a methodology with 3 practical ways to calculate a region's needs. Past cycles had more minimal methodologies. The 51h cycle added societal equity, which became complex in determining a region's "fair share". RHNA timeline process includes HCD reviews, appeal period, final hearing and lastly, implementation period at which time cities and counties can provide final input. Commission requested clarification on how HCD allowed City of La Quinta to alter their numbers. Staff explained there is a discussion amongst cities/counties regarding the different needs and how to make numbers work for everyone. HOUSING COMMISSION MINUTES Page 1 of 3 DECEMBER 11, 2019 REGULAR QUARTERLY MEETING CONSENT CALENDAR 1. APPROVE HOUSING COMMISSION MINUTES DATED OCTOBER 9, 2019 Motion - A motion was made and seconded by Commissioners Davidson/McDonough to approve the Consent Calendar as submitted. Motion passed unanimously. BUSINESS SESSION 1. RECEIVE AND FILE FISCAL YEAR 2018/19 HOUSING AUTHORITY YEAR-END BUDGET REPORT Finance Director Romero presented the staff report, which is on file in the City Manager's Department. The report included four housing authority funds; Housing Authority Fund, RDA Low -Mod Housing Fund, 2004 Bond Fund and 2011 Bond Fund for the period ending June 30,2019. Last year revenues were strong due in part to interest earnings, the City has approximately $120 million dollars in investments which were earning 3-4% and are now maturing and new investment return rates are half at about 1.8%. Revenue overages were also due to the sale of a vacant parcel. Former Redevelopment Agency loan repayment of $622,613 of which $250,00 was used for homeless programs and the remaining balance will remain available for future housing projects. Two bond funds are being used to pay for Washington Street Apartment rehabilitation and expansion project, there were no additional bonds proceeds and current balances are earning interest. A minor expense overage for the administration of programs was offset by savings in payroll, and legal services, home improvements for City owned Cove properties resulted in an overage of $7,500. Savings in bond funds will be carried over to the next fiscal year. Overall total of all Housing Authority Funds to be carried over are $29,381,750 The remaining loan balance is $6,978,943. Motion - A motion was made and seconded by Commissioners Casto/Davidson to recommend Housing Authority approval to receive file 2018/2019 Housing Authority Year - End Budget. Motion passed unanimously. 2. RECEIVE AND FILE FISCAL YEAR 2019/20 FIRST QUARTER HOUSING AUTHORITY BUDGET REPORT Finance Director Romero presented the staff report, which is on file in the City Manager's Department. Finance Director Romero provided Commission an overview of the first quarter ending September 30, 2019 revenue balances for the three Housing Authority Funds; Housing Authority, Low -Mod Housing, and 2011 Bond. Per current cash balances and interest earning projections, Finance Director Romero recommended increasing interest earnings for HOUSING COMMISSION MINUTES Page 2 of 3 DECEMBER 11, 2019 REGULAR QUARTERLY MEETING all 3 funds and during mid -year setting aside additional funds for unanticipated City owned Cove property improvements. Motion - A motion was made and seconded by Commissioners Gaeta -Mejia/McDonough to recommend Housing Authority approval to receive and file 2018/19 Housing Authority Year - End Budget Report. Motion passed unanimously. STUDY SESSION - None DEPARTMENTAL REPORTS - NONE REPORTS AND INFORMATIONAL ITEMS - None COMMISSIONERS' ITEMS - None ADJOURNMENT There being no further business, it was moved and seconded by Commissioners Casto/Davidson to adjourn this meeting at 5:09 p.m. Motion passed unanimously. Respectfully submitted, Reyna Camarena, Management Assistant �Ci y o a Quin a, California HOUSING COMMISSION MINUTES Page 3 of 3 DECEMBER 11, 2019 REGULAR QUARTERLY MEETING