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HomeMy WebLinkAbout0422.092Septeober 10, 1~92 HONORABLE CITY COUNCIL Palo Alto, CalIfornia ·" , . "'.-- PALO ALTO HOUSING CQRPQBATION FUNDING REQUEST He.bers of the Council: REpoRT IN BRIEF ~i5 report and CHR:368:9Z (attached) forw.rd to Councll a reque,t by the P,lo ~lt. ~"'in9 Corporatlon (P~C) that the Clty con,ider rein,tating the concept of • con,ultlng rehtionship with P"AHC and. change in the source of City funding for PAHC. BACKGROUND By letter dated July 20, 1992, P~C reque,ted th.t the City relnst.te the concept of using PAHC as a consultant and consider a1ternate sources of funding for P~C instead of Community Development 8lock Gr.nt (COBG) funds. Th~ request was ref!rred to the Policy and Services Committee, who reviewed the request .nd the recommendation of st.ff at their AU9u,t 4, 1992 meeting. At the Pol1c~ and Se~ices Committee meeting, PAHC verba11y presented in alternate reque,t for annu.1 funding in the amount of $100,000, to be taken from the City's Housing Reserve Funds. The request is outlined in the attached letter from P~C dated AU9u,t 2B, 1992 ano the attachment thereto. The .1tem.tlYe propo •• 1 includes the,e point>: I) .nnual funding of $100,000 to be paid In 12 equal ;n,t.11 .. nt., 2) amend 1992-1993 contract, 3) no COBG funds fDr the ]nfo~tiG~ and Referral program, administration of the B!low ~rket Rate program and administration of the development of housing projects $ue~ a5 the Barker ~ote' and a downtown SRO, 4) a reY1s~ City (ouncil policy on use of the Housing Reserve Funds to a110w for funding of PAHC~s ao.inistratfon, S) revise Housing Reserve Guidelines for commerc;a' funds to allow aCQtJisition of existing housing, 6) a request for meetfngs. with l.Q]: HUO offiCials on conflict of interest is!ues, 7) conlinut exp'~ratfons of altern,te fu~din9. and 8} continue to explore alternatives for funding the Below Market R.te (BMR) pr09r .. with the cave.t that PAHC ha, serious reservations about tharging fees to buyers Dr seliers. Cl!R:4~2:91 9/10/92 J 1 1 • nsn"_ / I :1 1 1 \ ·' \" .. ,< / ,---,---.-~ o The Policy and SeTY;CeS Committee referred the prop~sed PAHC funding and the staff recommend!t1on to the full City Council for discussion and consideration wit~out aaking , srec1fie rec~ndation~ The Committee requestfd that addltiona1 fnf~r.latiDn be provided to the Council ~s discussed in the following section. ISSUES AND PlSCUSSIQN ITEMS Correctlgns to CMB;368;92 On p.ge 3 of t~ July 30, 1992 staff report, under the he.din9 Us< of Hou.ing the st.ff roport inOicates th.t the resldentl.1 fund has s figure is not correct. Tne residential fund still owes t~e commerci., fund $392,000. If the repa~nt ~re m.de, the residential fund would have. negative b.lance of $193,000. This debt to the commercial fund occurred in Hovember 19~O, when Council authorized a $1,000,000 loan from the commerci.l to the residential account for the PAHC purchase of Oak Manor Townh~s at 630 Los Robles. $607,000 was repaid to the cOmm€rcial and indYstrial account ~en th! Seale Street well site prope~ty was sold. Funds paid into the residentia1 accou!'It by reSidential developments ~a..,.e not bee.., suffjc~ent to compiete repayment to the c~r(1al fund. Tne Housing Reserve Guidelines, attached to CMR:368:92, were an older v~rsion that did not include. clause added by Council in Noyember 1990 .110wlng for loans from the c03Dercial to residential account fGr family housing. The correct cory is attached. Current HQusing Reservt Fund ppljcy The Co.nfttee requested that staff conment on tne current pol icy ratior.ale for use of the Housing Reserv~ Funds. T~e baSic question is the use of Housing Reserve funds for administrative ex~nses. lIllen Chapter 16.47 of the Palo Alto lfunicipal Code (PAMC), titled Approval of Projects w~th IMpacts on Housing, was first adopted in ]984, it specified that COMmercial Ind industrial projects shall contribute to programs that increase the C;ty's 10.-and moderate-inc~ housing stock. Chapter 1~.47 provides that the commercial and industrial developer shall provide low/~derate-income ~ousing units as a condition of development the number of units required is based on I fon.ula approxi~tin9 tne ~unt necessary to satisfy a 10 percent low· .nd moderate-Income "Dusing need created by the development. As an alternative t~ providing actual units, Cnapter 16.47 provides for an in-lieu fee, which aost developers have chosen to use. The C;ty's policy has ~en to li.it t~e u.e of these ;n-lieu fuods to housing likely to be occupied by workers_ Afte, adoption of Cn'pter 16.47, the CounCil, on Febru.ry 3, 1986, adopted the Housing Reserve Guidelines, whic~ limit administrative activities t~at can be funded from Housing Reserve Funds to ·payment of pre-development and development costs· for new construction. It should be noted that the EYidelfnes, while a"ocat1ng commercia' and industrial funds for new hovsing, do not specifically lim1t tne ~se of funds to housing like1~ to be occupied by workers. CMR:422:9l p:\ca"\~~.ccII 9/10/92 Pa~e 2 I rf Staff has maintained i consistent position that the re(l.50n for collecting the cownercia1 and fndustr~ .. ' fte-s is to construd new h!lt.Jsing that wi 11 offset the jobs cre.ted b~ thE additional commercial and industrfal construction. The Guideline, allow for the funds to be used for pre-development and development costs, but stiff believes t~1s ;s intended for i specific deve10pment and not g~neril a~infstrltiDn. Staff does net support use of these funas for g~neral admfnistrltive purposes for either City staff 1~1n1$t~itiv. IKpenses or PAHC general aa.ir.istrative expenses. Funds are .1so added to the Housing Reserve Fund from residential deY~loper5 who uke a" In-lieu payment in.tead of pro',lding • Se10w Market Rate (BMR) unit. Traditionally. these residential funds have been used for acquisition of exlst1ng housing (e.g., the Rent,l Housing Acquls1tlon Program) .s well .s for new hoU'sing. The Housing Reserve Guide'ines also permit "'reasonable eXP8"ses necessary to ad~infster the City's Below Market Rate Program or other City sponsored housing programs.t These adm1n1strit;ve C05t~ for the BHR progr .. are li;ted under a heading titled 'eligible uses in support of existing lOW/MOderate-income housl"g.' It is not clear if this was intended to .ean tnat only funds from the residentia1 account of tMe Housing ReSErve Fund could be used for this purpose. As shted In tho Ju1~ 30, 1992 stoff report (page 4), staff be11e,es that not only s~ould the r.itigation fees (b~t~ from Chapter 16.47 and from the BMR progra.) not be used for general .dministrat;ve costs, but further investigation should be ~ade on a1ter"ate funding for administr~tion of the BMR program, A further toneern is the requirement in state law regarding the collection and ~se of developeent fees. Government Ccde Sections 65000 through 66007 require both a financial and lega1 nexus t or connec.tion, between the sourc.e of the fee and tts use. Although a nexus relationship was identified at the time of •. d.ption of the Ordinance 1mplementing Chapter 16.47, a complete nexu, 'tud~ consistent with 1991 standards has not been performed. The City Attorney's Office has advisod staff that a nexu. st"d~ should b. done prior to any further changes in the Reser'lle Guidel·ines. The nexus study would esta.blish ii basis for col1ectlon of the fee and would identify the possible uses for which the funds could be used, in accordance with state 1aw. The revised guideljnes that would result .ight include genera' administration, if a nexus between th~ rplson for collection of the fees and t~eir ~se f~r general administration c~n be .stab11.lIed. Based upon the experienct of other cities, staff believes that such a study would cost roughl~ Sl5,OGO to SlS,DDO and would involve both the Plar,ning Division and the Attorney's Office. Work on the nexus study will be a priority of the new COSo-funded Senior Planner. Limitjng of C0romQrcial ~o Ne~ Con$tr~(tion Housing R!serve Funds are collected as i mitigation from co~rcia1/ir.dustrial projects because they create additional jobs, wh~ch creates the need for additional hQ~sin9. With Palo Alto's severe jobs/housing imbalance, new CMR:422:9l p:\tar\~"'= ...... 9(10(92 Page 3 --------- --... --/' o o ~~~sing units Ire ~eec~d. Altnou9h staff is supporti~! of programs that bu~ uisting unHs Ir'-' Cli~"ert thp.m t(l 1ow-and moderate-income units over time. we belhve that· ~ emphasis shcu1d be on new construction: and that cOITme'Tcial Ind f~dLl:strlal fw, js s~ould not t.e used t<l purchase ex1stirlg housing. As PAHC h.s noted, P.lo Alto Is • difficult m.rket in wh'ch to find .acant lind ind create new housing. Staff believes that th1s .akes the development of pvblicly sup~ort!d new housing even more tmpartlnt. To purchase an Ilxhting bul1dhg ..nere two bedroclfI units are rentirlg from $750 to S850 and roduce t~e •• rents to 1350 to $450 is ad.iroble, but has the effect of taking In affordable unit Ind targeting It to I low-income group instead of creating • new unit that targets the some low-income group. P.bllcly supported projects should .lso target the new construction .arkets for low-.nd moderate-Income persons that are not being met by for-profit deyelopers. Mo.t new housing developments in Palo Alto are large (1,600 to 2,200 square feet per unit) condomjni~s. Very few rental projects are being constructed, and staff believes that the City should be pro-actively using cOIIerc111 and 1ndustrial housing funds for the construction ~f new or .ddltlona' rental units. Meeting$ Between HUP Ind PAMC Previously, severil 1t~~e$ haye been raised that needed to be addressed with HUO. Several Qf these ~aye been substantially resol~ed. At the Polity and Services Coamittee meEting, an additional matter relating to the conflict of interest f5sue on consulting was discussed. The confl1ct of interest ~5sue on consulting services was originally raised in the HVD IOnitoring reports and findings of April 4, 1991. The findings were rel.ted to the relotlon.hip bet •• en the City and PAHC and the lack of proper procure.ent procedures_ Recent discussions with NUO staff nave raised an addition.l concern over whit HVO believes ~Dnstitutes a conflict of intfrest under tne CD8G r&gul.tlons. This probl~ arises if PAHC is being paid by the City to advise the City on the appropriateness of expending funds on a project while If PAHC I. in Competition for those funds. (ity staff spo" to Da'id SuttGn. who is the Deputy Regionl1 Counsel for Regfon rx of HUO and would be adYising S6rdon HcKay. the O;rector of the Office of Community Plann7ng and DeYelopment, San Francfso RegiDnal HUO Office, the decis~on ~aker OM this Issue. It WIS cl~ar that HUD had previously considered this subject in cases involving both Oa¥is and San Jos~, where HUe found similar conflicts of interest to exist concerning the use of CnSG funds by those cities. Da~id Sutton advt!ed us of the exceptl0n proced~res that exist under the regUlations, but also stated that we would hav~ a diffic~lt time making an effecthe cue for In u.ception from ttle conflict of interest regulatic .:; in PAHC's USe. Although tnt' conf11ct of interest issue is primarily i legal one, staff believes that we should avoid tbe appearance of a conflict as a matter of pellcy_ The consultlog th.t PAnC would do that might cawse • conflict is a 'VerI SlUll portiCo" of the ovenll contract and, 11"1 the past year, would ha,,"e CIIIt:422:92 p: \ca'"~r. cd! 9/10/92 Page 4 .. '. appl,ed only to the City's seeking odvic. from PAHC on lytton IV. In addition. some of the services t~at PAH( ~as pro~ided previous'1 can continue under the I~fo~tion and Referral pr~gr~~. Therefore, in view of tnf foregoing. Staff therefo~e bel1e~es that the ·Consultant-relati~n5h1p should eelse. As expl lined previously. the Housing Reser,e Fund h brokeon into two accounts, t~e commertia' and industrill account and the residential account. The residential account has no unc~itted funds. Tne commercial account has i current balance of $3,241,000. Interest is added to the accounts based on t'e City's return on investment. As of June 30, 1~92, the rate ~as 5.92 percent. For fiscal 1991-1992, S248,152 in interest .as odded to the Housing Reserve Fund. Fees tota11ng $163 ,000 Ire still owed to the commercial account ~y developers for approved projects that ~aye not completed construct1on~ N~ additional residentiAl projects ~ave been approved tnat will contrib~te funds to the resid~nt1il actount. Several app1ications have been received for future projects thAt would be requlred to Make mitigation payments or ~n-lieu BMR p~ntsj however, it is difficult to estimate any funding that might be recel.ed from th.se future projects. po$$ible Pe!ands on HQysing Reserve funds Projects that oight be coopetin~ for the a.olloble Housing Reserve Funds include the following. T~e dollar figures shown, which are very prelimi~arYI Ire only for the amount that would be drawn from the Hous1n~ Reserve Funds. Downtown SRO: Th;s proposal is scheduled for further discussion at City Councn in ttle near future. The PAHC proposal .auld pro'lide up to ISO units of studio housi~g for low-income workers. C05t esti.ates on the need for Housing Reserve Funds range froo S500,OOO to 52,000,000. B,rrer H~terJ 437 Emerson Street: Housing Reser~e Funds are being conSidered only for use in expansion of the Barker Hotel and not for the aCQuiSition costs. [f PAHC and the City are able to purchase t~e property, lIinimal expansion of S to 6 units wOi.lld cost approximately SIOO,OOO, while oddltion cf 0 third floor or reconstruction (25 to 30 units added) could require up to $1,000,000. L}1tGn IV, 330 Everett: Staff has received i request from Community Kouslng Incorporated (CHI) for SI,450,OOO in City funds for this project. The pri.ary sour~~ for th~se funds is the Housing Reservt Fund. Use of these funds wauld necessitate I change in the Gity;s unwritten policy (see page 2) limiting commercial and industrial funds to worker housing. since 5eni~rs are not generally considered members of the work force. A second option 15 a further loan from the commercial ,(cDuni to the residential account. Discussion of the CHl reQuest will be scheduled for City Council in the near future. 00:422:92 p:\Ca"\~r.cdI 9/10/92 Page 5 ... ~ .•.. '. '~wi /' o Print! 'or~p,.ofit o.ve1ope-rs! Staff "'IS rec:eh'ed inquiries fr~m for· profit del/elopers of low-and mod!'rate·inc:ome stud~o housing seeking su't~ble sites for development ~n Palo Alto. They have indicated that, due to the ~fgh co~t of land in P.lo 41to~ some assistant! from the ,tty would be helpful In kteping the rental cost down. No dollar figures have been discussed. Other possible housi"9 projects include the Tower Well ,ite, lands In and around tho C ... o Club and other long-rang. proposals. Total estimates for known projects rong. from S2,050,OOO to $4,450,000. Cyrrent WC FiIJl4ing For 1991-1992 PAHC requested SI07,200 in funding. The total paid by the City io COBG and Housing R.serve Funds for 1991-1992 and the amount avail.bl. in 1992-1993 are .s follows: Below Market Rate Administration Adslnistratiye [xpenses Information and Referral Administrative Costs for: Downtown SRO Oe"lopmont Barker Hotel AcquisitIon Plum Tree Acquisition TO'4l 1991-1992 FUNDING * rrom Housing R~serve Funds ** fr~ COB. funds 1991-92 ~.ctual * $34,574.08 •• 7,8Z6.35 •• 7,940,61 •• 21,842.97 ** 16,635.65 .. I1,06~·~1 S]05,888.47 1992-93 Est imated • 140,000 ** 28,OCO .. 18,000 •• 18,000 $104,000 The City can fUnd PAHC In 1992-1993 • total of $104,000 in COeG and Housing Reserve funds. Refmburse.en: requires that PAHC account for the expenditures, w~fch .ust be in the area~ of Information and Referral, sale and resale of BMR units t Barker Hotel acquisition and deYelopment, Ind development of a downtown SRO. Staff has worked with PAHC to defIne the eligible items for Information and Referral, and stoff believes thot the full $28,000 avanable can be used. That would apply a. well to the $36,000 in pre-developmont costs available for developmont of the B.rker Hotel and the Downtown SRO. The eurrent Housir.g Reserve Guidelines allow for Housing Reserv~ Funds to be used for ad.1n1stration of the BMR program. although there is i question 15 to whetner t~e Guidelines specifically permit tne commercial and industrial funds t~ pay the BMR administration costs or only the residential fund. 8eciuse of ttle negative balance in the residential account, the City is reimbursing PAm; from the commerCial and ~ndustrial account unt1l completiun of the nexus study. 1" addition, for fiscal 93·94, staff had anticipated that a. portion of the BMR costs would be eligible for COBG funding, since i portion of the benefiCiaries ire COBG income-eligible. Staff has .lso discussed wit~ PAHC otner CDBG inco.e-eligibl. projects. OIR:422:92 p:\cw\~er.edio 9/10/92 Page 6 • ANALYSIS '5' .... \ 'J Staff strongl~ supports the Palo Alto Housing Corporation and their work. Whether City fu~~ing for PAHC comes from COBG o~ the H~usin9 Reserve Fund, however. relsonable reporti~g and record kteping is prudent to ldentify what services have been provided a.nd the cost of t"ilt service. Beeause of the issues related to use of the Housing Reserve FYnds for genera~ lo.in1stratio~, the necessity to perform. nexys study and the ability to fund PAHC for the f~ll amount req~ested, staff belieyes that we sh~uld continue funding PAHC as approved by the C,uncil for 1992-1993. In addition, since preparition for funding for the 1993-1994 fisc.l ye.r begins in OctobEr, ,taff believes that the c~rr~nt funding programs and sources should be continued for 1993~1994 wit~ allowances for changes and new programs. Tnis will allo~ for a year of operation to assess where we are and what additional changes are N!quired. The programs we have set up ~"clude reimbUrsement for direct e.penses based on actual t1.e spent plus an ~110cltion for indirect costs. Because af t~e retarseeent for both direct and ir.direc:t costs, the City should be paying for the full cost~ of tne BMR administration and an Information and Referra' program, IS well as pre-developl'lHl!nt and' development costs as!Jocht.ed with a defined project. The other two primary areas ~er! PAHC provides serv1ces are managemfnt of existing housir.g and general planning and admin~stration. Project management casts should be borne by .anagement fees on the projects. PAHC's b~dget is $275,000 with the City funding $104,000 for BMR administration, Infonoation and Referral and specific project developments. Project management costs should be barne by management fees based On the projects. Tne remaining PAKe budget should be sufficient to cover general planning and administration. REC0!f4EN!lAJ I ON Staff rec~nds that the Council adopt the recommendations contained in CMR:36a:9l and repeated be'o~. as well as an aadtt10nal recommendation to begin work on I nexus study for use of Housing Rt5erve Funds and preparation of revised guidelines fbr Housing Reserve Fund use. L tk)using Reserve funds should not be used for' add it ional a~in;strative activities; however. PAHC may consider applying t~rou9h the Human Services R~$ource A1location Process for City General Funds. 2. Staff and PAHC explore alternative methods of fundfng BMR sales and resales. 3. The City not enter into i c.onsulting re1a.t1()nship with PAHC, but should utilize PAHC for speciil contracts as the need irises and under proper procurement proced~res. CIIR:422:92 ~:\c..-\~r.~ 9/10/92 Page 7 'to-, , '*'.. -. . -, o 4. City staff and F~HC continue to improve the Housing Jnfo~ation ud Referral progl"'i...1It to allow for maximum reimbursement. S. Staff and PAHC conti~ue IIOnitoril19 of the time ar, .. actual costs of service delivery with the goal of establishing an annual contr.ct amcunt for the BHR and Housing Information and Referr.l programs. 6. St.ff. through the City Attor.ey'. office and tne Planning Division. shall begin preparltlon of • nexus study r.garding the Housfng Mitiqat10n FitS. Staff will retur~ to C~unc!l with a propos.l for c~nducting the study. Respectfully .uba)itted. /1~L<,.t ~J:ii~j; J~ES E. Gi l(;'j; .,nager Phnning Projects WILl! AM ZANER City lI,nager , / t ( /'~, I. c':/','. r:,~ ,: 1(.". '/. ~I - KE~NETH R, SCHREIBER Director of Planning and Community Environment AttachMents: tMR:368:92, dated 7i3Qj92, PalD Alto Housing Cgrporation funding Request Hous'"g Reserve Guide11nes, corrected copy Palo Alto Housing Corporation letter. dated 8/28/i2. cc: P.lo Alto Housing Corporation C1ti2ens Advisory COMmittee Coamunity Ho"slng Incorporated 422 CIIR: ,92 p: '~'C8I'peftc:r. cdb 9/10/n Page 8 . ..:., . " ~$ tG the other areas of c~ncern that PAHC has requestpd be addressed with HUD , IIOst ha"ve been resolved ntishctorily. A synopsis. f!ir each follows: (xc!ssive Federal Regulations: The City has forwarded our concerns regarding excessive reporting and regulation requirements on all fEderal fund) to HUO. letters sho~ld also be addressed to congressional representat'ves. As stated previousl1, we 00 not believe that we will nave a significant impact on securing thanges. Jleighbcrllood aased NonprofH: With the assistance or HUD and an opinion by the City Attorney's office, PAHC has bee~ designated as a Local Development Corporation whic~ allows for all of the same Icti~lties as I Neighborhood aased Nonprofit. Tne issue of allOWing _ity-.ide nef9h~orh.od based nonprofit in cfties larger than 25,000 people s,ould be further addressed with HUO, but is currently i verj low priority. Depreciation and Reserves: After numerous discussions between staff? PAHC and HUD, HUD ruled that depreciation could be shown as a direct expense. Staff, IS well as PAHC, had concerns ab~ut HUO's interpretation that re=~~ves could not be lIlintained on the federal share. W. asked for and set up a meetin~ with HUO officials, who after vacillating several times, have agreed to allow depreciation to be shown as • direct expen.e. This is of benefit to PAHC in allowing for retention of funds. landbankfng: St.ff has not had time to follow-up on a request to allow for accUMulations of f~nds beyond 1.5 ti~ t~e annual CDBG entitlement. A (nang~ in this regulation would allow fer greater accumulations of funds to allow purchase of expensive Palo Alto property. This is also I low priority, since we feel t~at t~e expenditure of the annual entitlement should be done in a timely ~nner. We are currently bringing our backlog of projects up-to-date whi(~ .il1 reduce our accumulation of funds for Dt"er reasons and allow a greater -develoPlent pot,-We will not, however, be able to si~ply set aside funds indefinitely as we ~aye in the past and we concur with HUD that this is not appropriate, Relocat;o~: Staff ~oes not intend to pursue revisions to relocation requir~nts. They are leg1s1ative reqUirements and enforced nat;~n~ide. CMR:422:92 1I:\cw~c:r.cd:I 9/10/91 Page 9 • July 3Q. 1992 HONORABLE CITY COUNCIL P310 Alto, California Attention: Pc1icy and Services Committee PALO ALTO HOUSING CQRPORATION fUNDING REQUUI Members of the Council: REPORT IN BRIEF 1 ThiS report forwards to COHnci1 a request by the Paro Alto Housing COl:"poration ,PAHC) that the City consider reinstating the concept of a consulting relat;~nshlp with PAHC and a change ;n thE source of City funding for FAHC. The request is outlined in the attached letter dated July 20. 1992. i!ACKGRQU!!O In January 1991, officials from the Department of Housing and Urban Development (HUO) began a series of site \/lsits ar.d mClnltoring reports regard i ng the Cit)' s management of the Commu n i tf Oeve 1 opmen t B 1 aelc, Grant (CDBG) program. City staff h~s had to init~ate numerous changes in order to bring the CnSG program into compliance witn existing HUD regulations. Some of the char,ges direct1}" affecte-d the us.e of CDSG funds by PAHC. Prior to 1991-)992, the City used the CDBG program to fund PAHC fer project-specific dev!lopment costs, non-specific pre-housing develJpment, project management, planning and administration, and consulting. PAHC was paid in twelve equal monthly installments. PAHC wz;s also respnnsjble for sales and resales of Belo~ Market Rat~ (BMR) units in the (ity progr~m but was not re1mbursed specifically for Hese expenses, since they are not generally COBG income eligible. The HUD monitoring reports identified several issues in the contractual relationship between the City and PAKC, including the fact that of the above reimbursed items, only project-specific development costs were being e.xpend~d properly under HUn regulations . • For the past year, staff and PAHC heve been work.ing to correct these deficiencies and to find appropriate PAHC activities that ~a~ be funded by City funds and CDSG funds. The 1992·1993 CH.y contract with PAHC specifies that PAHC will be reimbursed up to $28,000 from CDBG fUrlds, for Housing CMR,368:91 o lnformaUon and ~eferra' senlic.es, and up to $40,000 from the City's HO'js1ng Reserve Funds, for adminlstratior. of sales and resales of the City BMR units. Rp.-imbursement will be for act\Ja, time spoent. including an allowable for indirect costs. 1n additicn, $293,995 of COBG funding is available for site-specific projects related to downtown Single Roc-m O<:cupancy (SRO) hOUSing. Administration expenses can be reimbursed from t~e $293,995, but a specific SRO proposal is r-equired to be appro\led by the CO'Jncil before reimbursement can be me:de. The time management reporting and the indirect cost acco~nting systems tr.,: were put 1n place this year by PAHC will allow staff and PA4C to evaluate the actual cost of senlices proldded. Income generated from past, present and future activities funded with CnS{i funds must be returned to the City and progrimmed for new uses consistent with CDSG funding procedures. Because of these program income requirements. some form of these accounting systems will be required in the future whether or not continued PAHC funding comes from COBG. ISSUES A~Q DISCUSSION ITEMS The ?AHC proposa1 raises several issues that should ~e disc~ssed: BeloW Market Rate (BMRI Program PAHC has administered the CH.Y 8MR program since the pl"ogram's inception. Sirlce the program participants are ger;erally not COBG·income eligible under HUD guidelines. administration of the program is not an eligible CnaG expense. Tne City corrected that ~missfon in 1991·92 and is now reimbursing PAHC from Housing Reserve Funds for actual costs to administer the BMR program. Consulting One of the maj~r HUD findin~ was the status of t~~ relationship bet~een the CHy and PA.HC. lhe problem was that the Cit; treated PAHC as a sole source ?r(}vider and did not require competitive bfddlng for some of the consu1ting ~rvices provided by PAHC to the (. ity. HUD staff cone' uded that a number of organizations could provide the services that PAHC provides. and thus the City needs to uti 1 lze a RequeEt for Proposal (RFP} process. before awarding a (ontract for these types of services. If PAHC is to be considered by the City is a consultant and is federally funded, then proper procurement procedures ar~ required. Providing consulting services to the City is the specific area that PAHC is requesting einstatement of funding. In th€ past, PAH( has ad .... ised the C,ty. other non-profits and for-profits on the development of low income housing and the merits of proposed projects. PAHC has also been reimbursed by the City for assistan(e in preparation and review of tile Hous.irlg Element of the Comprehensive Plan and (H.AS (Comprehensive Housing AffQrdability Strategy). CMR:36B:92 ~ \Dllr\Dllr~~r.(~ ) /30/91 Page 2 .-.; . HUO's Sa.n Francis.cQ Qff~ce ha'i irH:J;C3.ted tha.t even if appropriate procurement procedures are followed, P,AJ1C w111 be in a C~r1f1 let of interest position on specific development projects receiving fed~ral fU!"'lds, if P,Cl,I1C is reimbursed by the City for consultant acti'o'ities such as re'Jiewing other appl icaf1ts' propos.als) advising the CH.y or. the expenditure cf fUl\ds. artd prolJidi:-t9 contextual input into the Housin~ Element and (HAS. TMts would preclude PAHC fr't1m being eligibie for use of fe·jeral fur,ds administered by the (~ty on any PAHC projects. Planning and Administration One of the underlying issues is the funding of PAHC planning and administration acti'iities. This 'nt1\.Jde~ such Hems as re¥'iew of the multiple·family regulations, pr€paration of reports on the ffderal at·risk housing unit.:> af1d employee housin91 sen-ing on Co~ittees related to SRO housing and homeless issues~ and general activities associated with the development of lD~ income housing. lhese items are ~ligib1e (DSG expenses, but only under the 20 percent COSG prog~am administr~tion cap. The full 20 percent of program administratiorl funds is required fe:" the City staff necessary to prope:--ly administer the CDBG program. PAHC has toncef1trated their work in the lJr1iqt.Je atmosphere 'Jf Piil1c Alto. This has not allowed for the de'Veloprr€:nt of a 1arger number of units, which increases the potential for management fees as well as aevelopment fees. Conversely, PP.HC has provided specialized advic'E! and counsel tD the-City. Since PAHC is in the precess of hiring a new director-, it is important to tnem that precise direction from the City be given. For example, if the City is ~ot goin9 to fund general planning and administration, it will be necessary that PAHC reaS$~SS tn€ir role ~n th€ commcnity and in the region. Use pf Housing Reserve Funds PAHC is request;ng that Housing Reserve Funds b€ considered for funding of their admjnistrat1ve costs. The guidelines for W~e of the Housing Reserve Funds (attach~d) allow for t~o "Eligible Uses in Support of Existing low/Moderilte Income Housing." Trrese C.re 1J Casts in sl.rpport of the City's Rental Housii1g AcquisitiOrj Program; and 2) Reasonable expenses necessary to administer the ~ity's Below Market Rate Progrdm or atrrer City-spof1sored housing programs. Item 1 re1ates to actual costs associcted with the acquisition of eXisting hoU'sing and nat general administrative costs. UndH ihm l, tne City began, in the 1991·1992 PAHC contract, to reimburse PAHC fa; actual expenses related to sales and resale of the BMR units. Sinca these eligible uses are specifically listed under support of existing housing, the funding source is the .esidential accolJ1"',t, whic.tI current1j ha.s $250,000. These r~ulations are City policy and subj€ct to chang~ by the Council. The issu~ is whether it is approprIate to pay PAHC's general administrative costs from the HIJusing Resene Fund r~slde[\Ual arId commerCial acco\lnts. 1he~e accour·ts are funded by fees colTect€d from developer.£. in accordance ..... ith Chapter 16.47 of the PAMC, ~Approva' of Projects ~ith Impacts on Housing" 'copy attached) and Program 13 of the Housing flement of the Comprehensilr'e CMR,368:91 7/30/91 Page 3 " Plan (copy attached). Staff has resl!n'atjon5 about the use of Hou~;f'lg Reserve Funds for any admln1stratille costs, Admin1s.trative costs associated lfIith an approved capital project may be appropriate, but not for general operating costs. Staff concern for tlsing /1ousing tl:EservE Funds for administrative costs also extends to the administrotion of the BMR pro-;ram. ATternati~e $O'Jrces to USE' of Hous'ng Reserve Funds, such as a processing fee collected at the time of sale of each unlt, should be in~estigated, City General Funds PAHt general administratlve costs could be paid from General Funds. This would require elther a specific al1oc~tion set aside for PAKC, or PAHC wDuld be reQuired to ,ompete against other social ser~ice age~cies during the Human Services Resource Allocation Pr~cess, AnnL1i.l Funding Source PAHC desires an annual and consistent funding source in order to proper1y staff and budget for their offic.e. At this ti~e, PAHC is keeping track of actual t~me spent on the Housin~ rnform3tion and Referral program, administration of the BMR program, and pre·de~eloprnent slte-specific cests of approved projects. In the comil"'J !Il-",..t.~<;, H;o= Cit~' and PAHC should have a better idea of the cost to deli~er servic.es. Adjustments might be made in the future for a set funding amount for BM~ and Housing Information and Referral costs that would average expenditures over several years. Effect on Funding PAHC's operating budget for 1992·1993 is 5275,0:-0. Even if PAHC is able to use the following City sources to the fUllest extent~ they expect to have to use S22,OOO of their own c.apital to maintain operations. City funding 1nc1 "des: Housing Reserve Funds: U~ to $40,000 for sales and resale of BM'R units. Reimbursement .,il1 be based on ac.tual expenditur~s. Approximately S35,600 ~as paid in i991-1992 for sale and resale of 24 units. If fewer units are processed or Tess time is requi~ed to prOCESS units in 1992- 1993, the actual reimbur"seillent to PA.HC lWil T be 1 ess. Hoosing fnformation and Referral: Up to $28,000 is availab1e from COSG for a Housing Information and ~eferra1 program, This includes providing information to income eligible hDt.I~eholds on hou~ing optioris, advice on available housing units, information on subsidy programs and a~ailabl~ sources, referrals to 10c.al agencies and service as an advocate for ind1viduals. Reimbursement wtl1 be based on actual expenditures. Since no previous records are a~a,lable and the categories of items to be reimbursed are still being e~aluated, t~e actual reimbursem~nt is not Known at this time. CHR:368:91 Jl' \I;'lIu"\t:I'Irpal'lCf _edt 7/30/,1 Page 4 Project-Specific Costs: Approximately S36,OOQ is ayallabTe for administration costs related to ~cquisltion of the 8~rker Hot€l and development cf a downtol'l'n SRO. The-s'2 fl,;nds must be applied for as part of development pi ans for the proj.ects. The maxi~um available from the City is S104,OOO, although PA~C does not expect to be able to use all of th~ funds. Gi'len current market conditions, B~R sales and rfsales could be 110,000 less than the maximum $40,000. Actual reimbursement under the Housing Information a;:c Referral Program is unr.i.owll but could be as much ii!S one-half of the budg2t~d amount. Oependir,g en project pro9ress~ project-sp~cifjc costs could also be approximately ene-half of the budgeted S36,000. Total reimbursement to PAHC cO'Jl-d be as 10 .... as 552,000 .. ith the resulting need for PAHC to find another S28,OOO from non-City sources, not counting PAHC's own projected $22,000 snortfall. SUMMARY A sUr/mary of the primary; ssues and staff comment s arE as follows: ConsultIng: The broad-based consulting that h<ls been perforrr.ed by PAHC in the past i~ probab1y not desirable to reinstate, consld€ring the probable conflict of lntHest issues and 'l"€sulting loss for PA.HC of access to federal funds administ~red by th€ City that result for specific deilelopment project funding. Certain r€ports and information, such as the reports on at-ri sk ur.i ts and employee hous ing, coul d be r~imburs~d on a contract basis without the necessity for a full scale RFP proces.s. provided that se'""eral contractors were considered and a reasonable baSis made for the decision to choose a specific contractor. PTanning and Administration: IMe issue is whether PAHC and the City continue the relationship of the past years wherein the City provides money to PAHC on an annual bijsis for planning and odministration which i5 analogous to day-tn-day operatjons. Since CDeG program administration funds. are not an available funding source, the funds would haile to come from eitl1er the General Fund. the I"ousing Reserve Fund or other PAHC sources. PAHC is arlticipating thct they will be 522,000 short of operating funds after the maximum addition of Sl04,OOO in funding from City SO'jrces. If the City funding sources (i.e. CDoG and Housing Re~erve Funds for BMR admirlistratior:J will not reach the ma~imum available, PAHC estimates that they need in excess of 550,000 for planning and ddministration in order to balance their budget without drawing on their capital funds. Housing Reserve Funds: Housing Res€rve Funds are call feted from developers for the express purpose of providing affordable housing units. Staff does not bel ieve it is appropriate to us€ these funds for PAHC's general administration. Moreover, alternative sourc~~, such as a prncessing fee, shauld be consjdered for eacn 8MR sale and resa1e. Annual Funding: In order to staff and b~dget properly, PAKC is seeking stable and consistent funding. Staff is of the opinion that during this CMR:368: 92 7/30/92 P.:ge 5 ..... o fiS'il year, annualized funding amounts could be estab1ished for t~e BMR Program and the Ho~~ing Information and Referral prGgram. RECO!t1ENDAII ON Staff recommends that the Policy and Ser~ices Committee reccmmend t~ the Courjcil tr.at: 1. Housing Reserve funds sho\,,'ld not be used fo!'" additional PAHC administrative activities; however, PAHC may consider applying through tn! Human Services Resource Allocation Process for tity i'ieneral Funds. 2. 5t~ff and PAHC exp10re alternative methods of funding BMR sales and resales. 3. Tne City net enter into a consulting relationship with PAHC, but should utilize PAHC for special contracts as the need arises and according to the proper prociJrer,rent procedures of the City and the coec re9ulQtion~. 4-. Citjl staff and PAHC (:ontinu! to improve the Housing Information and Referral program to allow for maximum reimbursement under the COBG pro9ram. 5. Staff ar.~ ?AHC continLiE p""'nitoring of the time and actual c.csts of se-rvice delivery, with ttl,:: gcal of ~stablishin9 an annual (ontract amount for th~ BMR and Housing Information and Referral programs. " ~. C ;>i;f;/£C'0,-£ ~.s ectfuliy S, Ubmitt;,d, .' J ES E. Glllll~~ Y'nager Pl anning Pr{)jects U~. 9)- KENNET~ R. SCHREIBER Director of Plannfng and Community Environment WILll'>'11 ZANER City Manager Attachments: 7/20/92 lett~r to William Zaner, City Manager, from Sylvia Seman, Palo Alto Housing CorpDratiOI'1 Housing Reser¥e Guidelines of the City of Palo Alto PAMC Chapter 16.47. Approva1 of Projects with lmpact~ on ~ous ing £xcerpts from Housing ~le~ent, PaT a Alto Comprehensive Plan (:c: Palo Alto Housing Corporation COaG Citizens Advisory Committee CMR:368:92 p: \CII .. \cn.rpithcf . cdtl 7/30/91 Page 6 July 20, 1992 Mr. William Zaner City Manager City of Palo Alto Dear Bill: o. '­ Palo Alto Housing Corporation Enclosed is the letter we discussed asking the Council to consider reinstating the concept ofa consulting relationship with the Palo .... Ito Housing Corporation (PARC). We also ask for funding, other than CDBG, III permit that service to continue and to permit PAHC planning and adminislr.!.ti\'e costs to be funded. As)'t>u recall. at the meeting or the POlicy and Services Committee, July 7, 1m, we said that we would be sending such a let ... ". The Committee members jr,dkated that the proper procedure would be m have the ma:ter agendized on the Council's consent calendar ior referIallO them. Accordingly, we so request this of you, and would very much appn.ciare it if the llem could be heard at the Policy and Services Committee meding of August 4, 1992. If you have any questions or wish addition~ information, please contact me. Sincerely, Sylvia 1. Seman Executive Director Enclosure 540 Cowper StrP.e~ Suite G, Palo Alto, California 94301. (415) 321.9709 1 '.' '. Palo Alto Housing Corporation July 20, 1992 Honorable City Coundl Palo Alto: Califontia Memben of the Council: During the past year the Palo Alto Housir>g Corporation (PA-'!C) and the City staff have 1>een struggling to fit cur long term practices to stricter intcIpretation of HUD regulations so thai much of our acti"ties could continue to be funded from Community Development Block Grant (CDBG) moneys. W. feci that, because the spirit of HUD regulations derive from unIommate situations in other parts of the country, not applicable to Palo Alto, our approach to providing housing does not fit the cum:n HaD CDOO mold and C3n not be made [0 fit. As i! resuit, the ex:cellent 22 year consulting relationst-jp between the City and the Hou.sing Corporation 15 in danger ('If being sacrificed to compliance with byper-Io.::hnical federa! CDOO regulatioos. ".ir.e PAHC requests thar the Council refer to the PoliCY and Services Committee the task of exploring with ut sources 'Of funding, other than CDBG, for our low/moderate income bousing and planning and consulting activities. This would include a look at 1) whether any City restriction precludes the continuation of the oonlraCtual conSulting relationship for PARC housing services and 2) whc!her the Housing Reserve Fund guidelines can be amended I<> include certam PARC acti,ities as eligible uses. Backgroynd P ARC was created as a result of action of the City Council in 1969 10 foster and develop low-and moder.lle-mcome housing in Palo AI:o. Since 1970, the PARe has .served the City continuously as a housing consultant under a contract that has been reviewed and renewed annually. PARe has served mary roles witll unique su=. A. Development of Low/Moderate Income Housing Units This has been a major !<)Ie for the PARC under its contractual scope of services. The following projects have lJeen completed: New HOUSing Colorado Park Ap2I1ments I141 Colorado Avenue Webste, Wood Apartments 941 Webster Street Number of Units 60 68 540 Cowper Stree~ Suite G, Palo Alto, California 94301. (415) 321·9709 o 0 Birch Coun Ccndomiuiums 2502-2: : i Birch SL an~ 302-362 Grant Ave. 40 TennanA~t> 4230 Terman Drive ,2 Cilifomia Park Apartments 230 I Park BcuI~--d 45 School Site Duplex Units 71 g. 720 Ashby Drive 3722-3724 Ortega Court m-774 Talisman Com 922-924 Bauti.sta Court Total 313 B. Ac:quisitioo and Rehabilitation of HOIlsing The Rental Housing Ac:quisition Program (RHAP) is an exceller.t .xample o( what the <XmSUl!lUlt relationship bas been able to achieve in the City. The idea was developed;" the PARC and then inc.orpor->.led by the City as a progtam in the Housing Eement of the ColllJlI"'hensive 1'1an. Under RP.AP. we have ac:quired. rehabilitated and ma .. ,aged 92 market-rate housing units. As tumOYeTS naturally occurred, we have achieved a renantpopulation comprising 76% of very low-and low-income tenants in the folJowin8 locations: RnAI' Prpmtjes Em Apartments 129 Emerson Street Ferne Townhouses 101-131 Ferne Avenue Emerson South 3067 Emerson Street Curtner 300-310 Cu~er Avenue Waldo 3039 Erner",n Street Number !lfUnit5 II 16 6 9 6 2 ,_ ... _--- Pine Street Ho",," 1259 Pine S <reel 0aIc Manor Townhouses 630 Los Robles A venue Plum Tree Townhouses 3020-3038 Emerson Street C. BMR Program '- . 1 31 lQ 92 'I'he P ARC, as consultant, worked with City staff to Cf'e2.te and implement the Below Mari:et Rate (BMR) program through which nearly 250 moderate· income :ndividu.als and families have been able to purchase homes in new developments. An addItional 30 BMR rental units have also been created in three market rate apartment oomp!exts. D. GeneraI Housing Consultatior. The City has utilin:d the consulting service.< of PAHe for a variet)' of subjects, ranging from 31talysis of housing clevelopment proposals, the Housing Elements, the CRAS, multi-family zoning regu1alions, the Palo Alto Medical Foundation housing contribution and city employee housing, ID research of methods for protecting the existing rubsidized housing developments at risk of conversion to market-rate housing, preservation of the existing stOck of SROs and homeless issues. As con.sultan! to the City we have also assisted other non-profit and for-profit organizations to produce IlJw/moderate--income housing in Palo Alto, including Lytton Gardens, Arastradero Park, Palo AlID Gardens and Sheri<lan Apanments. The community has benefitted from this long-time pUbiiciprivat: partnership. First, and perhaps most importantly, we have provided long term affordability for all P AHC units. Each of our developments is attractive, ~1-Il'..all2ged and an asset ID its neighborhood. The families we serve are able to live close to their jobs and obtain excellent educations for their children. We have d-.-veloped expertise on City needs through our consulting assignments. such as work on the housing e~ements. We combine that with our knowledge of funding sources from federal, S[ate and private progrnms to bring additional resouroes ID bear in Palo AlID. Ou, goals and the City's goals are id=nticaI. and the City knows that it can trust and reI y on u.s to produce quality projects and marage progr.uns .. ,d projects that meet City goals. As we have developed ar J grown over the years and developed new funding sources, the pel""...entage of City support we have received to run the PARe has diminished from 100% in the first few years to about 45% in the 1990·91 year. We think thi, is 3 '-:c----.-.-'--- o o appropriate. However, we realize now that we ca!lnot continue providing the lcino of 3CfVices the Cit)' e:.tpects j and the Corporation wishes ro provide, if tne City!.s. fundlng of our actjvities depends substanti, !ly upon HUD~<"trolted CDOO funds. PTqc;nt funding SituatiQQ Ci staifadvise that HUD', current interpretation of the CDW regulations will nOl p<,.J'it the City to utilize COOO funds for consulting services witheut issuing formal Requests for Proposa" (RFP), This apparently is to foster competition atId avoid the appear..nce of -5'Wet..ILeart" deals. However, the RFP process, combined with the CDBa fuOOlng cycle, would nct work well with most of the consulting task> that l' ARC performs fur the City. City needs for general consultation on housing can arise any time of the year and cannot usually be planned six months in advance and placed in competition for CDOO funding. Additionally, if the City needs advice about issues when: time is of the =ce, such as potential conversions of the SROs, the P..FP process will simply be roo lengthy to be useful. A gr<at deal of time and effort must be expended in seeking suitable site< in Palo Alto (or new housing. constrUCtion. OpportUnities to further our purpose of foscering and developing low-and moderate-income hOlL!ing do net conform to CDOO funding cycles. Actual development of. project can work withi.~ the COW process, but only on the rare oc=ion when: 011 factors come together p<rfectly within the framework of the process. O!l Liese occasions, PARC would e.pee! to apply for CDBG funds. O!l thcne occasions when: it does not work, we would hope to be able to provide the City with our ..pen;se and proposals irrespective of me CDOO process. Likewise, availability of pro .>erties for at: _ "isition =ot be timed to coincide with an RFP process or annual. CDOO allocation. The P ARC pride. it",lf on being aware of good opportunities when they occur. The City would lose those opportunities if they must be hostage to a lengthy process. Sometimes the approach appropriate in Palo Alto for acqui5ition of a property, although highly suc=sful in providing affordable housing to members of the community, would not comply with HUD regulations. For example, the 1991 purc.'1a.<e under the RHAP program of Oak Mar Jr Townhouses, the 33 unit apanment building at 630 Los Robles Avenue, would ha-.' been impossible under =t HTJD regulations. The property was no:; eligible for CDBG funds boca ... all of the resident families had incomes abo,e CDOO eligibility levels. Accordingly, we requested Housing Reserve funds for the acquisition, stating that in 10-20 yean as over·income tenan[.S moved out we would replace these market rate families with those of very-low or low-income. Appro~imately one year after the purchase, the Housing Authority of Santa Clara County announced new funding for the Section 8 Moderate Rehabilitation Program. It had been several years since this funding had been available. We h"e juS! been infomed that our application for Oak 4 • :i& , .. ". ~ . ~ ~ " .... : --"".-" ",~'" Manor has beer. selected in the competition for funding. As soon as rehabilitation work is complela!, we «peet to be able to serve 19 ofl11e 33 hOJseholds under this rental ",bsidy program. The ability to act promptly and with flexibility provided a valuable h"using asset to L"le City and made it affordable more rapidly without an y HUn­ mquired re]o;atiOll expense. Fonncr:ly> a pomon of the CDBG funds allocated to P ARC covered administrative activitie.;, such as staff time necessary to make a proposal to l11e Cit) for a site for a new development or ii RHA? apartment complex a~quisition. However, in view of the increase in City staff expenses to monitor a.nd supe ..... ise CDBG activitie-.s, there are no longer any administrative funds avaiWlle to PARC under the "cap" BUD allows for this category. Instead, some of PARe's existing activities are being -retrofitted" to other COSO caIo)!ories, The approved $28,000 of CDBG funds for 1992-93 are allocated to cover the estimated costs for our information, refe.rml and housing co!.mseling services. 'I'hrough these services, PARe provides information to low-income peopl~ about 'waiting lists for subsidize<l housing. The CDBG Ad,;sory Committee suggested we amplify these functions through extensi .... e out-reach. Vle question the logic of expanding this activity simply becat.:5.e it is eligible for CDBG money, because we believe that the goals of the City, the PARC and even BUD are better served l11rough funding of our activities that create new housing rather than new waiting lists. btensive records must be kept to justify the information and referral activities in order to obtain CDBG reimbursement, but should more than the allocated arnount be spent on the activity, the PARe would not be reimbursed for the excess. Likewise, should less Ih.an the aIIcx:ated .mount be spent, PARC would have to finance the resulting deficiency in l11e amount of CDBG income we had budgela!. The PARC oporating budget of $275,000 for 1992-93 assumes th, continuation of consulting services as we have ~Dnducted them in the past. Without funding beyond the S28,CXJO CDBG amount, we 'Will need to use capital funds to the extent of about $58,000. We do not feel we ca." justify or s',stain such a drain. Even if CDBG funding is increased by $36,000 to incl'Jd~ activities in the "pcx:;l" such as acquisition of the Borre and development of a new SRO, PAHC would still have to use approxlmately $22,000 of capital to maintain operations. Since PARe's operations require staffcontinuiry. we need to have assured annual funding SQ'.,jrces and amounts in order to employ and retain qualified personnel. Dl'ring the course of this pasl difficult year, we had the opponunity 10 give a HUn official a tour of the varied housing accomplishments the City has been able to achieve through the continuing relaLionship with the PARCo He was very impressed, and expressed regret that CDSG guidelines do not permit t.i.is kind of straightforward relationship to be funded. He hoped that other funding would be 5eCllred to continue the sllcce.ssfuI effons in the ccmmunity. 5 o Conclusion S and Rccqrn mendatiou A knowledge of the community's goals as a whole and a sensitivi<y to neigh'borhood concems are critical in (lorder to be effective in creating affordable hOusing tr.at is appropriate in our community. HUD's fonr"" does nO! fully appreci2.<e that dynamic. While rules and regulztians may prevent bad things from happening, they also prevent good things from happening, make it impossible to respond to rapidly changing situations, and build wasted time and effort into the organization. The pmblem of providing affordable hO'JSi."g in Pilo Alto will not go away. The City bas expressed its commitment to worlting on the problem in its Housing Element in the Comprehensive Plan, tile ("HAS and other plannlng document', We believe the broad- based COI\SUltin~ =gem between the City "'.d the PARC has produced e.«ollent results in devel ?ing and fostering low and moderate inC<lme housing in Palo Alto, and PARC is ready, willing and able to continue that special relationship SO long as the City desires and is able to finance its fair slla.. ... of the costs involved. The ongo;"g CitylPARC consulting relationship bas been a force enahling Palo Alto to be in the forefront nationally in hOusing issues. We ronclude that it is impractical to tap CDBG funding for the kinds of consulting services PARe has provided to the City in the past, in view of the restrictior-.s now governing the allocation and use of CDBG f'.l."lds. We ask for policy airection ~ the continuation of PARC's broadly-based housing consulting services to the City. We also ask for exploration with US of other sources of City funding, such as the Housing R.e:s,er./e, that CQuld permit funding fur consulting, planning and administrative activities for OUT low-and moderate-income housing programs and projects. Sincerely, FaJo Alto Housing Corporation ~~~L ;;O~h Marti~, Jr. President 6 ~,~. '-'~~ T .... ~~ P,O. IClX lOBe ',IolO .IlTO, CA ,l).!):; RESE~YE GUTDEllH(S The-Hous;n9 Reserve-(t.'le Re.serv~) is iii separdte C~ty fund set csi~e for-the specific plJrposle of assi5tiJig in the dev~lopt:"1C'!it of hnusing that is afford.!Ole -tc _low ,IIooerate and' lIiddle-~n::ome famiJies and.in aSllsting in the housi ... g no!eds ~f 10\0' otnd IfIOderate in(omE.: persons. All monies ::Orltl"'iDu':ea to the Reserve l:nd interest ur . .,'fngs accn'::-c! shall be used s'Oleiy f~r these purposes, subje.::-t .to gIJide1ines st"t forth be1.,1,.J+ The Re.serve i.s made up of twO account:!;, the "l"dustrial-CoJillTicr-ci"al" and the "Resldentla1-His.::ellancous" accounts. f.lonies rec~ived from i na .... stria 1 j!nd cOlmlErdal developers', pursua:n to Chapter 15.(7 ';If the Palo A1r,0 /·Iunicip.al Code"*', are deposited by the Cfty F'inance Oepa:"'tment in the Ino'ustrl~"­ Commerci~' account. "Iol"ties rec.eived from reSidential developers, ;,,-lieu of providlJ1St housing under the City's Be 1010,' Mar~et Rate (8HR) Prog'ram {Program l2 of the Hou.s1ng Oemel'lt) , are d-eposlted by the· Flroa",ct! Oll;partment in the Residenti~l-Misc~naneous account. ThiS secoi"ld account also inclwdes monies from miscellaneous .sources that are i"tended for housing purposes (e.~., Mortgage Re'llerlue Bond fee payment, ~ebster Hood payments. ind Co'ly repayment of loans from the Reserve. (ligible U~£'5 The Reserve 10'111 be used to reduce t"e cost of h~'..:sing te levels .... hi" are affonJable to low, ~ocfer=te 2nd middle income f~milies, as dt'fined in the C.ity's Compren.ensiYe Plan. A preference .... ill t.e !j!iven to projects ~itl'l hOUSing for fi!miles 'Wit:") minor children, hO~/e .... er, this preference doeS .not prec1ude t~c use of funds 'f~r other t)'pes .of ~,ousing c:ffcrCat;.le to tile lQ:iI. moderate-and l1idd1e incoll'.e. Bonies that have been credited to the IndL.'str'ial-Colr..rnerc:ial account If/llst be us-:od to SlJPP{lri: the constrLoction of new .'lousing de .... eiopr.-..ent. vhereas nonies credited to ttle Resioential-1Hsc:e11.a.neaus i!ccovn" may be usell for eitner new or" existln.g Mousing. EliC;ibTe uses jnclud'!':', but are not ~ilil;ted to, the fClll~in9; Eligible Uses in Support of Ilew lOloJ/i'!ode1'"c te/Hidcile Incol.:e HOl!Si'r,g Develop~ent 1. Purchase of land or ~fr rjghts for-resale to 'fvelopers at a redu~ed cost to f.acilitillte !1ousin9 development fel" 100/, r.;od'er.a.te and mioale incofi.(!' llouseh01ds; 2. ReeJuction of inte:"est r-l.tes for cor:structiol'\ loc:ns or permanent firl.1nc:l11g u.s~d' tly oe"vel!lper-s or purchc!sC'rs Cor 10'''. 8IOCler-ate and middle inco.r.e housi n 9: -tnc:ll1dlng pe)'oents required pUl"5i.Jant to the Cc 1; fornle:. t.n\'ir~nr.l!nal OUi!lity ),ct prior to ~ni!ctra':'tlt cd Ch<l!pter 15.(]. 1-.. ---, .. ·, . ~. ., , . o Pi'!ae!,t of predl'Ye'1o)lCl'lel'lt and dtvelopment CC$~SI !nc1udins u;oc.fat2d 'With obUining MOT.tgil.gl!' Revenue Bond' f1 nanc, "g; and the cos ts 4. PlYftnt of off-site costs dirll!'Ctly re1ating to low, moderatl!', an;1 Ili-ddle inc(lme housing deve1opme.,t {e.g_. uti lity connections~ road 'mprove~nt5). El1,i~h Uses in Support ()f rxisting Lo",,/Hoder-i!a Income Housing 1. Costs in support of t~t C;~yI5 ~~ntal Mousing ~cqui$ition Program; and 2. Re"asonilble ~xpi!nses necessz.ry to administer the City's BeloW' Karket Rate P.r~jir.a1D Dr other City-s!,onsor-e~ l'Io:.r~inS' programs. Procedures R1?quest for vse of the Reserve funds shall be submitted to the City Manager for review and recorrmendation to the Ci ty Council. A Te~uest for fur-dillg should provide the fono""fng minimum infor~tion: 1. Size of loan or 9~ant r~quested; 2 . .It description of the propos~l to be funded and th~ organizatiolls involve<l in tbe project. Fublic,benefit and relevant Co~rehensive Pl~n Housing policies and programs should be identified; 3. Identification of tfle numbi!r of 10 .... ~<lerate~ and" lfJiddle income persons to b.e assisted and the spedfic in,ome range of those as~i.sted; .fl. Re.a.ions why a grant~ rather than I "ICian~ is requested (if aPPlicable); S. Identification of 10an rate and" tE'rns~ security or c:cllc:teral, and source of repayment funds (i f app1icatlle); a,()d IS. ldentific.ation of leverage achieved throug" City grant or loan. Audit At the cl<lse of uch fiscal yei!.r~ the Director of Finance and' the Director of Planning and COllmJnity Envir~r.me:nt shall rf!p~rt on acti\lity durin.g the pnv"iouS· year (deposits and t.rans.fejs.) and available funds. The City Aw1jitof"'S O··'ic! shall periodical1y exa ... !ne this repc~t and all HO\lsing Reserve funds~ and shall report en the resulU of thfs e.xamina tion. Guidelines revie''''ed and approved lly the Palo Alto:! City C.our'lci'l on Fe'br~ary J, 1965. I" ,i ~l <. 1 .--. AP)OVAL OF PR01ECTS II>. t 7 .010-1647.020 . , Chapl~ 16 .• 7 APPROVAL OF PROJECTS wrm IMPACTS ON HOUSING Sections: 16.47.0 I 0 Declaration of ,oal IUId pU'l'ose. !6.47.020 Applicability. 16.47.030 Exemptions. 16.47.040 Housing nquiremenl 16.4 7 .050 Penalties. 16.47.060 Severability. 16 .• 7.010 Declantion of soa! and purpose. The goal and purpose of this chapter is to lessen the shortage of low-income and moderate-income housinS in Palo Alto by ",quiring developers of luge commercial and industrial projects, lS a condition of using land for the privileg' of devdop­ ment, 10 contribute to programs that increase the city's low-income and moderate-income housing stock. (Ord. 3560 § I (pan), I 984). 16 .• 7.020 Applicability. This chapter 'hall apply to the follo .... in. developments, except those exempt under Section 16.47.030: <a) Any new gross square footage of two thousand five hundred gross square feet or greater on a site once the gross square footage of nonexempt uses on I site has reached twenty thousand gross square feet: (b) A."1y gross square footage of two thollSAAd five hundred gross square feet or greater on a site that is convened from"" exempt use to a nonexempt use once the gross square footage of nonexempt uses on a site has neache!! t .... enty thousand gross square feet: (c) Any new gross square footage in .. development, or gross square footage that is convened from an exempt use to a nonexempt use, if such development removes from the city"s ilousin& Sloek two or more legal dwell­ ing units that have last been used for hOllSing: <d) N ..... gross square footage that repiaces n"nexempt u><, shall !lot b. conside~d Voss square footage for the P"'l'0ses of the ordinanc. codified in this chapter. ~R.pLaces" melUlS that the new gross square footage receives design approval pursuant to Chapter 16.4B .... ithin one year of the previous nonexempt uses being demolished; (0) New gross square footage in • development used for (I) an on-sire ca(,t.ria. reoreational facility, and/or day care faoility. to be provided for . employees and/or their children and not open to the genera) pub!: •. or (el a hazardous materials storage facility shall be exempted from the requirements of this chapter. Ii any squ ..... footage exempted under this subsection (e) is converted 10 I nonexempt use, the entire amount of gross squart foota~e conven.d must meet the requiremenlS of this chapter, regardless of the numb.r of square feel convened. (Ord. 3597 § l. 1985: Ord. 3560 § I <part). 1984). , <, " 0" 16.47.030-16.47.040 OBUILDING REGULATiONsO 16.47.030 Exemptions. The foJlo .... in' uses .• s defmed in t'ille 18 of Ihe Palo Alco Municip~1 Code, ~r. exempt (rom thi> chapur: (a) Residential uses: (b) Churches: (el CoUegi's and univenities: (d) Commercial recreation: (e) Hospitals ~nd conv~lescent facilities: (n Private ci'Jbs,lodl!es. and (ratema! organiz.alions: <I) Private educational facilities: (h) Public faciIities.(Ord. 3560 § I (part), 1984). 16.47.040 Housing requirement. (a) Developments must provide the number of low-income and moderate-income hOU5;"Jl units detennined by the Connula set forth below or provide an in-lieu ree as set forth in Section 16.7S.040(d) below: Gross Square Feet x .017 = Number of units required 350 (b Itis (O""ula is based on the reasonable approximation of the L"!lOunt _, housins necessary to 5al:sfy ten percent of the demand for low to moderate-income housing based on the averase number oflow to moderate­ income employees generated, per average household by the .verage commercial and indu.!riaI development. (c) Housi:".g units may be sold or rented 10 low-income and moderate­ income buyeTS pursuant to tlle city's below marleet rale (BMR) program and may be provided either on the site of the proposed development or off-site. If the uni, is provided on sile, its desisn and location shall be part of the architectural review application of the entire proposed development. If It-.. urJt is off-site, the director of planning and community environment must approve the size I condition and location of the unlu. (1) A housin, unit jf sold, shall be sold to the ciry, or city's designee. at the cost of construction and fmancing. excluding land costs and profil: provided, that the cost shall not be greater than that affordable to buyers under the cUrren! income limits for the Palo Alto below market rale pro~m, published yearly by the department of planning and communiry environmenl and on rue with the ciry clerle. (~) A housin, lInil. if rented. sho.ll be rented for a minimum of fifty­ nine years subject to Palo A110's below market rate rental progr.lm. or for a lesser period: provided, that it is sold in accordance with subdivision (I) of this section. (3) A below market rate a,reement shan b~ entered inlo between the city and the developer at the time of design approval of the devolopmen! pUTSuan t to Chap ler I 6,48, (d) If housmg units at. nol to be provided. the de .. loper sholl make :In in-lieu pa)'ment to th. city's s;>eeial housing fund of fifty thou~nd dollan ·-; ,. -.--". APPROYAL. OF PROJECTS ,---~., 16.47.050 ._~ per required unit as • reasonable approximation of the cost of constructing an av.i-a~e ~Iow marice! rate unit. This sum is the equivAlent of two dolla" and fOrly-thre( cents per square foot of proposed development. The firty . thousand dolla" per unit shall b. adjusted annually from the dale of approval of the ordinance ~odilied herein by the percentage changes in the Consumer Price Index, ail urban consume" inde", for tr,e San Franciselr Oakland a ..... and ~onseQuently the two doUaf$ and forty-three cents p<r square foot may fluctuate. (e) Half of the in-lieu payment must be paid within tell calendar days of the developer's receiving the first grading or building permit for a project Or the permit shall be nuD and void. The remainder oi the payment must be made before the developer receives a use and occupancy permit for the projecL For a phased project, payments may be made for each poroon of a phased project within ten calendar days of the fITSt gradin, or building permit for that phase and as the certificate of use and occup.ncy for that phase is applied for. (0 If the formula as applied 10 a proposed development results in a fractior.. or a Wlit. the developer shall provide for the fraction of a unit either a whole unit or a prorated in-lieu payment, based on the above fcrmula. (J) At the time of • developer's application for architectural review pu=ant 10 Chapter 16.48. or. if no architecrural review is necessary, at [he time of an application for a certificate of use and occupancy. the developer must notify the director of planning and community environment whether units or an in-lieu payment wiD be provided to the city. The housing require· menl shall then be placed as a condition on the director's approval of t.'Ie project pursuant to Chapter 16.48 or as a conditicn on the issuance of a use and occupancy permit by the division of inspectional services. (h) Exception for Mixed Use Developments. in a mixed housing and commercial or industriaJ development, the developer's housing requirement pursuant to this chapter and the developers below market rate housing reqUIrement pursuant to program 10 of the housing element of the compre· hens;ve plan both 'should b. calculated. The developer shall he required to meet onlYlhe larger of the two requirements. (Ord. 3560 § I (pan), 1984). 16 .• 7.050 Penalties. (a) All remedies prov,ded for in this chapter shall be cumulative and not ex elusive. (b) Violation of any provision of this chapter. i:r.cludinS. but nOt limittd to. converting an rxempt 'Use to a nonexempt use without !ender.ng: the appropriate housing mitigati<ln to the city, is a ,,,isdemeanor punishable as provided in this code. (c) Each person or entity is guilty of. separat' offense for ."ch and every day durinE any ponion of which any violation of any provision of this chapter is commi!led. continued or permilted by such person or entity and shoJI be punished acoordin!'iY. 538·:" ---_._----- :::J 16.47.060 BUILDING REGULATIONS .. (d) Any person or entity violatiIi, any provW"n of this chapter. in· cludinll. but not limited te, convertin, an exempt use to a nonex~mpt use wit hot tendering the appropriate housing mitiialion to the city, may be liable civilly in a sum not to exceed flYe hundred dollars for each day in whi,h such violation occurs. (0) Pe=ns employed in the fonowin, designated employee positions an authorized to exercise the authority provided in Penal Code Section 836.S and an authorized to issue citations for violations of ~ chapter. chief bundm, OffICial, assistant c:h.ief buildini offICial, and ordinance com· pliance inspector. (On!. 3608 § 2, 1985). . 16.47.060 Sevetability. If any provision or clause of this chapter or the application thereof to any penon or circumstance is held to be unconnj­ .tutional or to be otherwise invalid by any court of competfnt jurisdiction, such i.,.a1idity shall not affect other chapter provisions, and clauses of this chapter are declared to be severable. (On!. 3608 I I. 1985; ant. 3560 § I (part). 1984). i ' (~. .. } • Renta1 Hous1ng · .. , ..... EXCERPTS FROM HOUSrNG ELEMENT P~LO ALTO CO~PRE~ENSrVE PL~N Policy Ii: Maintain at ltut the pr~sent ntHr.ber of {!IIJrtJ'ple-fiurJiy rerta7 units w,h1'h rt'orking to increase the cverai1 su'pp7y of renta7 hOIJsing. Program 8: Con.tinue the adopted ccndominiiJm con .... ersion ordinar.ce, Pr~grarn Responsibility: Planning Divisio~ Most tlf the 1ower-ccst 1'10us1.,g L, Palo Alto ;s rer.tal housing, Between 1968 ind 1974, nine apartment projects containing ,31 units were con .... erted to con­ dominiums, thrEatening to reduce the renta1 housing supply substanti1liy. Conversions in Palo Alto had a d;s~lacement rate of 82 p~rcent. according to a 1974 survey. Most tenants were forced out b~cause of ~igher costs, becatJs,e the monthly carrying cast of' a condcminlum is almost always higher tnan reM on a comparable un; t, A few tenants mo .... ed out because, at that t -irne. t"ey would ratner rl:!nt than own. A 1974 condominium conversion ordinance greatly raduced the number of conversion applications until tW\l hrge a~pli<:ations were received and approved in 1980. Neither of these two projects, however. was ultimately converted. The 1974 condominium conv~rsion ordinance was re­ placed in 1981 by "a new ordinan.ce which allows an app1ication for conversion to be filled only if thoer-e is a CitY\ro'1de: renta1 vacancy rate ..... hich exceeds three percent, or regardless. of the vacancy rate, if: C One bel ow-mar~et-rate renta1 unit is provided for every two non­ bel~w-market-rate units to be converted. o The tenants of at 1 east two-thircs of the rentaT units consent to the conversion. There have been no condominium convErsions since this ordinance became law. Progrdll: 9: For any residential development in multiple-fi!.miTy zones which caus.es tre lOSS of rental housing units. subchvisicm approval (including condominium maps) may be granted if iny twc of the following tnr€e circum­ stances are-met: o The project will result in .;; si~n;ficar.t net gain to the City housing supply (defined as 100 percent more units than tho~e prel,'iou:sly ex. isting on the site) and com~ly with the City BMR program; o The number of rental units to be prcvided by the projects is at least equal to the number of existing rental units; o Not less than 20 percent of the units provided are BHR units. Program Responsibility: P1anning Division ..",-------- , ,~ .,". .,....., - nis program establ ishe, an ,cceptable tradeof{ between the number and type of ne-w units in a condominium subdillis,cn and the loss of nr;tal units. The first condition provides only for rede~e'opme~t witnin existi~g zoning 1~ve15. The fntent of this (ondition is to d!sccurage dem"olition ':Jf renhl units when:! there is an ;nsig~ificant net g~in in units. Progralll 10: The C.ity should discourage ccnverSlon of lands designated as residential to non-residential uses. Program R!sponslbil1ty~ P1 annlng O~vision Afford.bl~ H~using ---------------------------- Policy 7: Encourage and foster the development of neill and existing housing units I.fford,b7e to' 701f-, moderate-, and midd,e-income flDlJSeho1ds. especia77y those househo7ds ~ith chi1dren. ----------------------- Tne City should 'IIIor;'. with nonprofit housing or: -zations and the local development cOl7llUn;ty to ensure that ~11 affordable ""using. including fa-'y housing and units for seniors on fh::= ~ incomes, remains affordable over t .e-. These units, for either ownershiD c· rental, should be dispersed throughout ttle City_ Progrlll 11: Continue support fer the Palo Al to Housing (.orporaticn in the- provision of 'OW~, moderate· and middle-income housing, with pri:nHY em~· phasis on ttle 10\0'· and moderate·income sectors. The Pilo Alto ~OUS~;,3' Corporation was established in 1969 to encourage and develop low-and moderate-income h01Jsing in Palo P.1to. Jt is an independent~ nonprofit organization wl'lo~,e board members ser· .... ! without pay. In addit;on to its development activities, the Corporation has prc/fded consulting service1 en h~u:;ing to the City under contract since 1970. The programs and servic.es of the Corpo'!"'"at~~n ha'lle been parth1ly funded by the City'"s Community Deve~JP~ ment Slock Grant Program. The Corporation has sought to use every means to produce housing at .lower costs lIIithout sacrificing QUill itt. Construction and permanent financing at lowest available interest rates, reductior~ of land costs through la.nd banking or oth-er means, utilization of a11 alla,l1ab1e subsidy programs~ and development by experie~ced nonprofit hous;ng organizations can combine to yield affordable housing. Projects serving low~. moderate-and midd1e-inco~e households developed by the Lar-paratian include Colorado Park. Webst£:T \oiQod, Birch Court, Terman Apart­ ments and the Californja P,rk Apartments (refer t~ tabl~ on page 17). 1he c.orporation also OW'nS and oper-ates the Elm, Ferne, t.merson S~lUth, Curtner ant Waldo Apartments, and a sin91e-familj1 home on Pine Street. The Corporation has also developed eight duple~ units within new subdivlsions at four surplus schoo1 sites. ........ Program 12: To make ~ultiple-family housing attractive f~r famllie~ with children, such housing should provfde suitab~e open space areas for chil-, dren'.'§ plaj. The CHy's revised multiple-family loning reguhtions inc1ude ;""€quirements for adequate common -open area 0:1 the ground level is .well is minimum private open areas. The regulations ir.clude landscape and design guidelines to-anure that open ar!as are botn functional and attractive, Progra.m 13: In housing de ... el cpments of three or mor~ un; ts, not 1 ess than ]0 ~ercent of the ur.its should be pro,dded at below-marl:.ft rates to 10w-and moderate-inco~ fa,m1l1es (for projects of three to nine units a. prc-por­ tionate in-li~u payment will b.e accepted). For each BMR unit provided Oller and above the requirement, a developer sl'lal1 be permitted to bunt:: -one additional market-rate unit uo to a ma)(imuTn unit increast' over the ailowable zoning of 15 perc'5!nt~ 'and consistent with all other zoni1'19 requirements. ~rcgram Responsibility: Planning Di~ision. Palo Alto Housing Corporation The City of Palo Altcls BMR Program is intended to increase the housing supply for individuals and famili!s who tiave 10w-and moderate-incomes. As land available for nOl.:sing becomes mere scarce, cfJntributions toward the BI"IR pro­ gram will be needed fr(1r:t beth hT'ge and small housing projects to increase the number of BMR units. Since the be9inning of the program in 1974. 153 for-sale units and 30 rental uniots ha'./e beer: occupied, and another 10 units iave been committed to the program (refer to table on page 19). The primary objedive is to obtain actual housing units rather than equ~valent cash. Occu~ancy far BMR units is determined according to City Council-established guide1ines from those on a numbered waiting list, maintained for the City by the Palo .A.lto Housing Corporation_ The initial selling price of BMR units is bas~d on what w~uld be affordable to families whose incomes are no nigher than 100 percent of the median income reht!d to fami1y size, as established from time to time by HUD for Santa Clara County (BMR Income Guidelines). Because continued aff'Jrdabnity is a major goa' of the pr~graml deed restrictio~s provide the mec~anism to contrQ1 the resa1e price t~at insures t~at succeeding buyers cil.n al so afford those units. Consequ!nt1y. 212 families ha¥e been s!rved since the inception of tne program. eefore acceptance of plans for review by Palo Alto City staff, a de¥eloper of a complex of three or more reSidential ~nits sho~Td agree to one or a combina­ tion of the following alteTTliltives that are listed in order of priority. Pro­ vision by the developer and acceptance by the City of the BMR arrangement will be part of the ap~li,atjon for de¥elopment. On-Site BMR Unlts For each ten units. deY~l c~ed. not less UtiI,n one of such units should be pro­ vided as a BHR unlt wlth,n the d!ve1opM"t. The price for such BMR units should b~ establiShed. at the time of appronl of the tentative subdivision map by the CIty. The prlce should be based on the estimated direct construction and financing east of the 8MR unit (exc'wding land cost, ~arketing cost off­si~e improvements and profit). but in any eyent. shou1d be co~sistent with the prH:e r"ilgfS allowed by the Bl'tR Income GlJidelines irt effect at the time Fractions cf required BMR units shculd be handled by equivalent in-lie~ payrn<!nts. ." l , I o fDr each BHR unit provided over and above thr requirement, a developer shall b6: perllUted to ~1Jl1d otle additiDnal lnarJc:et·Tiite unit. However, in no ever.f sh~Tl the total number of units in a development be ~re than 15 perce~t over the n.umber otherwise ,1loWE:Q by l_oning_ Off-Sit. 8KR Unlts Provide on or beforE ctlmpletion of any development of te~ or more units not Tess thin one BMR ur;it eLOI)ewhere in the City fer each fltne units deve1oped. These units may be flew or existing and lIust be aPP"o\led by the City. taking into c.onsid-ent1on.sut'" factors 15 size, 1ocaticn, amenities, ilnd condition. In-Lleu P.,.ent. Ba,ad on S.les f,ic. The City will consider an in-lieu pajment alternat1'11e to actual units, for pr-oje,ts of ten or more units, only if the de\lel0.Der substantiates that the direct construction and financing costs of the BMR units (excluding land cost, markettl"lg cost, off~site improvements and profit) exceed the selling prices .11o....d by the BltR Income GuideHnes. The 1n-1 ieu payment for projects Df tIn or IIOre units is to be f'ive percent of the actu.l sales price of each unit ,old. The piyment will be made to the Clty upon the .al. of each unit ir. the subdivision. In~lieu payments for fractions of BKR 1 • .lnUS will be deter~ined: o Disr.garding Iny bonus ~nits. ° As a pe,centage of the s.lling prlce of .ach of the unlts for which no BMR unit is provided, by the followinS ,.te,: Nl!mb~r IN-liEU FEE CONTRIBUTIONS FOR FRACTIONS or BltR UNITS of Uni ts Percentage 10+ S 9 4.75 8 4.5 7 4.25 6 4.0 5 3.75 ~ 3.50 3 3.25 Rate If the de\lel~per retains any compieted unit as a renta1, either for its own account or througn subsidiary or aff1·~jated organizations, the -;T1-1ieu payment for such unit should be negotiated betwean the deve10per and the City. Equlva1ent A1ternat1ves The City may consider reasonabl~ equivalent alternati~es to these guidelines. S1tes L.arger than Five Acres Developers ... ho build on siti!S larger than five ilcres are expected to provide more than 10 pe~cent 8MR units and/or to set aside land for lssisted nousjng to be buil t by others. Appropri ate BMR c.ontributions in such cases shall be indi\lidually negotiated between the de\leloper and the City. . . • >:-. . ' . ~ :/ City of Talo tllto ."" .. F 0 101 'O~~C ~'"D """rc 'A~!;Q~r-I'" ';'olEl HOUSING RESERVE GUIDELINES FUcose T~e Housing Ro..serve (the Reserve) is a separate City fund set aSIde for the spuifi-: purpose rd issistfng in the development of housing that is affordable to lDW~ inOderatei:"ld middle ir.come (amil ies ind in assistir,g in the housing fleed.:; cf low and moderite income persons. All monies contributed to the Reserve and interest earnings accrued shall be used solely for these purposes~ subject to guideline, set forth below. The Res~rve is made up of two accounts, tne "Jndustria'~Ccnrnercial· and the -Residentlal·Miscellaneous" ac(ounts. Monies Ti!ceived from industrial and comnercii.l developers, pursuant to Chapter 16.47 of the Palo Alto Municipa1 Code·, are dep~s1ted by the City finance Department in the rnaustr1al-Commercial accDunt. Monies received from residential deveTopers; in-lieu of providil"lg housing u!1der the C1ty l s Below Market Rate (BMRJ Program (Program 13 of the Housing Eleme"t~. are depOSited by the Finance Department in the Res1dentia1- Miscellaneous ac~ount. This second account also includes monies from m;scel1aneous sources that are i~tended for housing purposes (e.g., Mortgage ~e~enue Bond fee payment, Webster Wood payments, ~nd any repayment of loans from the Reserve). []fgible Uses Tne Reserve will be used to reduce the cost of housin.g to h'llels tha: are affordable to low, moaerate and middle income families, as defined in the City's Comprehensive Plan. A preference will be gtven to projects 1I/;th ~ou5;n9 for families with .inor children, however, this preference does not preclude the use of fuods for other types of houslng affordable to the low, moderate and mlddle income. Monies that have b!en credited to the Industrja~,-Collll1erc;al account must be used to support the constr~ction of ne~ housing development, ~hereas monies credited t(l the Re:.idential-Misce'laneous acco'unt may be used for either new or­ existing housing. However. no-intuest loans !"1ay be lJ1ade on a case-by-tase basis as determined by the City C~un'il from the Industrial-Commer~ial account to the ReSidential-Miscellaneous account to support the acqvisition of existing housing to be used for 1~ and moderate income families. Eligible uses include. but are not lllit.d to, the following: fl'!gible U:;es in Support of Hew low!~oderite(Midd_lL1ncomg. Hovsino D_eyelopment l. P~rt;hise of lan.d or air rights for resale to de .... elopers at a reduced cost to facilitate housing development for low, moderata and middle income households; • Includino !pavmen.ts required pursuan110 the California ErlVircnmental quafitv Act prior to endctmeIlt of CNpte! 16,47 JI:\iG,<~,g , . .. ~" .. , .. ..;;.!" < . .... ' .. :-! :;.:~ .~~~-. lY,c' 2. Reduction of interes.t ratp.s for constructi.on loans or ~errn.anent finar.cing used by developers or purch.uers of 10111, moder3te and middle income housirlg; 3. Payment Df pre-devE=lopme~t and development costs, including the costs Issoc1 ated wi th obtain; n9 Mortgage Re' .. enue Bond fi nancit!9 j and 4. Payment of off·s1te co~ts directl,)' relating to low t moderate, and middle income housing dev!lop~nt 'e.g., ~t1'ity connections, road improvements). [l isible USU in Support of ExLstirlg lp'r' '''Ioderate Incgme Housil"g I. Costs in supPGrt of the City's Rental Housfng ACQu,sition Program; and 2. Reasonable expenses necessary to administer the C1tjl~S Below Market Rate Program or other C;t,)'~Sponsored flousi ng programs. ~LJres Request for use of the Reserve funds shall be submitted to the City Manager for revie~ a~d recommendation to the City Coun'i1~ IA. request for funding should pr"lfide tfte following minimum in.formation: 1. Size of loan or grant requested; 2. A description of th~ proposal to be fu~ded and the organ'zatl~ns involved in the prDject. Publ ic benef; t and rel evant Comprehensive pl an Hou c 19 polities and programs shou1d be identified; 3. Identification of the number of low, ~oderate and middle income persons to be Jssisted and t~e specific income range of those assisted; 4. Reasons ~y I grant, rather than a loan, is requested (if applicable); 5. Identification cf loa~ rite and terms, security or collateral and source of repayment funds (if applicable). and 6. Identification of leverage achieved through City gri1l'\t or loan. A!!Qi1 At the close of each fiscal year, the Director of finance and the Director cf Planning and Community Environm~nt shall report on a~tivity during the pre~ious year (deposits and t:"'ansfers) and aljailable funds. The City Auditors Office sha11 periodically examine this report and all Housing Reser~e funds, and shall report on the results of this examinati on. A,pproved by P3rO Aho City Council on FebriJary 3, 1986 amended November 19, 1990 -' > ME. William Zaner City Mamger City of PaJo Alto Palo Alto Housing Corporation August 28, 1992 RE: City Financlal Support of the Palo Alto Housing Corporation Dear Bill: Our leaer to you of Jul}' '20, 1992 enclosed a. tetter to tr.t City Council of the same date outlining our view for City financiaf support ofPAHC's .acti, .. iLi~ in light of the current iD.tetpretaUons of CDBG fuooing. ]1 was arukipated that thes~ issues would he discuss.ed in the. Policy and Servi<:es Committee meetln&: of August 4, J992. City Staff'.s re«lmmendatiow. with respect to the CityfPAHC r~lationship and funding were given In CMR:368:92 of}uly 30. 1992. There was lnsufficiem time for m; to produce a wr:uen response to Staffs report prk)r to the Policy and Sm'iees Committee meeting of August 4, so our represen.tatives g .. ve In oral presentation at tha! tL.'ne. The Committee asked that our co~nts be submitted i.": writing for further Council co1l5ideration. Encbsed is a summary of the principal points we voiced aI: the August 4 meeting. Undertying c\u position are tw0 basic: principles. First, that the long-term relationship betweer. the City and the Housing CotpOration pertaining to low-and moderate-income housing he: b~D highly benefidal in carrying OUI me City'! housing goals, and should be contirlued. Secoc.dly, CDBG funding of PAHC' s work: for the City has become, under eyn-ent LntetpTe" • .aUOns of CDSG rules, ex.tr~ly limited ane! therefore other and simplerfunaing mecna.nisms are n~ary. It is apparem that City Staff and PAHC have differing views regarding these funding matters.. We understood thill the PaHcy and Services Committee felt the City Staff and P AH C should meet to seek accommodatioc of the differences expressed. We ha.ye always stressed cooperation ill our dealing with the City and we are uDcomfonable with .a situation that may appear-to be confrontational. AccordiDgly, we urge you to convene a join!: C't)'!P ARC meeting prior to considerat3on of this subject by the full Council in its September 14 meeting. If you can arrange such a session during the ~t two weeks, we would appredate it very much. Sincereiy )tours, PALO ALTO HOUSING CORPORATION c;a.i~~,~y President cc: Kenneth R. Schreiber James E. GiJliland 540 Cowper Street, Suite G, Palo Alto, C.I,forni. 94301, (415) 32\·9709 ---_ .. ----.....,. ," '--.'~ o SUMMARY OF PALO ALTO HOUSING CORPORATION RECOMMENDATIONS TO PALO ALTO COUNCIL POLICY AND SERVICES COMMllTEE MEeTING OF AUGUST 4, 1992 KEGARDING CITY FINANCIAL SUPPORT OF HOUS ,G CORPORATION ACTIVITIES 1. For ttl e Fiscal )'eu 1992-93, 'PAIiC .s.hoL!ld be funded 1.1n I contractual basis II a flat SlOO~OOO. !O be paW in 12 equal mor.thJy installments. 2. The PARe contract fur !9S"2-93 should be amended to this effe.."t. including .. new scope of servic-e5 thai will recognize PA..'1C'1 plannlDg and adrninisU'ative activ:ties, including plann.il1~ f!lT a new SRO, acquiring the Barker Hotel, seeking sites for other new wnstrUcuon, and seeking properties for a..;:QL1isiLlon under RHAP. 3. M. compensation rOi thjs alternative sourCe of City funding, PARe would r~i\'e no CDBG funding ($28,000) for its Jnformati..:m and Referral Service!, nor any HOUSing RtsefVe funds {S40,OOO) for its BMIUDi.sco'.lnl Program services. Furtller, PAHC would request 00 administrative funds {S:J.6,OJO) fro:r.l the CDSG poot fDr itS acriYities relating to acquisttioIl of the Barker HOld and development oi a new SRO. The total potential PAHC funding for ali of tt:el.e accounts if S I 04,000, or $4,000 more than the il at sum requesu!;tj above. 4. As a IX :ky matter~ HOWiing Reserve funds shQuld be usal:Jle for PAHC pfanninr: and admin1strative activities, including admini;tratioD of the BMRlDiscount program. s. As .. policy matter, the CouncJl should permit the use of funds-from the Commen:ialllndustri.aI Acroun: of the Housing Reserve to acqu i re existing housi ng that wi1l be aT become. housing fur low/moderate income residents, primarily working individuals or families (perhaps on a case b~ case b~iS). 6. Staff report CMR:368:92, top ofp.age 3, nises the question that PAHC could be precluded from beLng ehgible to use any federal funds adminiMered through the City if PAHe provided certain consulting :!oervices to the CiIY, which allegedly would result in a conflict of interest sibJ.ation. In furtherance of eariier Council direction, the PoliC] and Services Committee should request the Council to direct Cfty Staff and PAHC representatives jointly to meet with top HUD .staff in San Francisco, and jf necesSlU)' to contact our c-ongressional representatives. 10 discuss t!lis and otl')er relevant COSO questions 7. PAHe/Staff should continue to look for altema~ive ,sources of funding on an ongoing basis. 8. City Staff and PAHe should explore ahemalive meth.xls of funding the COSts of BMR sales, as appropriate. PAHC has reserviUioru. about char,ging fees to buyer" and lor sellers to raise funds. ~j:"":.~:,", : .. ~, i 0·'