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HomeMy WebLinkAbout3/5/2024 Item 8a, Lewis Donna Lewis < To:E-mail Council Website Cc:Donna Lewis Subject:RE: City of SLO - Housing study session this Tuesday, 3/5 This message is from an External Source. Use caution when deciding to open attachments, click links, or respond. Hi Andy and Council, I am going to try to be there tomorrow night in person but wanted to quickly summarize the items that I think are important areas of focus for staff re housing – - Fully vetting and updating the guidelines for the BMR program (I can expand on this more fully with examples if you like) - Evaluating the contract with Housekeys and limiting it to compliance and ongoing monitoring of the program. Housekeys role in the sales process has been problematic and most new construction has reverted back to the sales office being in control of the sales process which is a really good thing. Similarly, Housekeys role in the BMR resale process should be reevaluated. The last two resales I was involved in took nearly 6 months to complete. This is far too long for any seller of a BMR unit as well as for the buyer of a BMR unit. Again, happy to provide more context here. - I would encourage the City to think bigger about an alternative funding mechanism for BMR unit and Affordable Housing in general such as a bond or additional property tax assessment including considering nd taxing all units in the City which are rentals or 2 homes (these SFR units make up about 67% of our housing stock). - I would very strongly encourage Council to direct staff to as soon as possible work on seeking funds for a Down Payment assistance program. Without DPA for Moderate and Workforce buyers, many households are completely out of the mix, even for BMR units. Rents are so high that its very difficult for households to save enough and scrape together enough to fund a down payment to purchase a BMR unit. In the past, the City secured BEGIN funds, which other Cities currently have available. We should be seeking BEGIN and any alternative funding possible provide down payment and closing costs assistance to households who are of moderate income at the very least, but I’d encourage funding DPA for households up to 160% of AMI which would include “workforce” households. Again, happy to provide examples and context if any of you is interested. I do a LOT of work with the City’s BMR program and would be happy to explain some of the challenges as well as the wins as it relates to how things have been done in the past and are being done currently. Respectfully, BEWARE OF CYBER-FRAUD Before wiring any funds, call the intended recipient at a number you know is valid to confirm the instructions - and be very wary of any request to change wire instructions you already received, a Guaranteed Rate employee will never provide nor confirm wire instructions. 1 To help protect your privacy, Microsoft Office prevented automatic download of this picture from the Internet. Donna Lewis HEADSHOT NMLS# 245945 Branch Manager/SVP of Mortgage Lending To help protect your privacy, Microsoft Office prevented automatic download of this picture from the Internet. DISTINCTION To help protect your privacy, Microsoft Office prevented automatic download of this picture from the Internet. BADGE To To help protect your privacy, help Microsoft Office prevented protautomatic download of this ect picture from the Internet. your priva cy, … Donna Lewis NMLS ID: 245945; CA - CA-DOC245945 | Ermina Karim NMLS ID: 2005928; CA - CA-DFPI2005928 T 1065 Higuera St. Email Me o (805) 235-0463 Suite 100 Visit My Website T San Luis Obispo, CA o (805) 335-8743 h e 93401 Loan Options | Mobile App | Guaranteed Rate Foundation | Agent Advantage Equal Housing Lender | © Guaranteed Rate 2024 | NMLS ID 2611 | NMLS Consumer Access | Licensing Information AZ - 1045594, CA - CA-DOC245945, HI - HI-245945, NV - 79288, NY - Licensed, OR - Licensed, TN - 245945, TX - Licensed, WA - MLO-245945 Please Note : We care about your security and privacy, Please don't include identifying information like account numbers, birth dates and social security numbers in emails to us. Call us instead for secure email options or send the information by fax or regular US mail. 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Meet My Team: Ermina Karim | VP of Mortgage Lending | (805) 329-4095 | ermina.karim@rate.com McKenlee Bryan | Licensed Sales Assistant | (661) 888-5800 | mckenlee.bryan@rate.com Renee Davila | Mortgage Consultant | (805) 706-8078 | renee.davila@rate.com Andrea Carter | Loan Coordinator | (510) 356-0675 | andrea.carter@rate.com From: Pease, Andy <apease@slocity.org> Sent: Sunday, March 3, 2024 3:52 PM To: Pease, Andy <apease@slocity.org> Subject: City of SLO - Housing study session this Tuesday, 3/5 Hello! This Tuesday, City Council is having an important discussion about housing, Item 8a HOUSING NEEDS AND OPPORTUNITIES STUDY SESSION. The staff report is thorough, laying out the current status of a range of housing (shelter to supportive ZjQcmQRYFpfptBannerStart 2 This Message Is From an External Sender Report Suspicious This message came from outside your organization. ZjQcmQRYFpfptBannerEnd Hello! This Tuesday, City Council is having an important discussion about housing, Item 8a HOUSING NEEDS AND OPPORTUNITIES STUDY SESSION. The staff report is thorough, laying out the current status of a range of housing (shelter to supportive housing to below market rate to market rate, both rentals and ownership) and noting what work efforts have already been complete or are in progress to support additional housing. There are then several ‘opportunities’ listed for additional work programs, with staff seeking council direction on which to pursue and fund, or if there are other ideas to explore. We have received very little public comment on this item, so I’m writing to a few of you who have had involvement and interest in housing to see if there are particular strategies you think we should pursue. Personally, I’m interested in several strategies presented in the Livable Communities Initiative, including ‘gentle density’ (3-5 story infill), reducing or eliminating minimum parking requirements, updating objective design standards and considering standard plans for infill projects. If you do have comments, please submit them to emailcouncil@slocity.org by 3:00 on Tuesday at the latest (we have a closed session starting at 4:00), or come in person to hear the presentation and make a public comment. Note that we have discontinued virtual public comments for now. Thank you! Andy Andy Pease pronouns she/her/hers Vice Mayor Office of the City Council 990 Palm, San Luis Obispo, CA 93401-3249 E apease@slocity.org slocity.org Stay connected with the City by signing up for e-notifications 3