HomeMy WebLinkAbout10-20-2015 Item 10 - Affordable Housing Fund Appropriation for San Luis Obispo County Housing Trust Fund
Meeting Date: 10/20/2015
FROM: Michael Codron, Community Development Director
Prepared By: Jenny Wiseman, Planning Technician
SUBJECT: AFFORDABLE HOUSING FUND APPROPRIATION FOR THE SAN LUIS
OBISPO COUNTY HOUSING TRUST FUND (HTF)
RECOMMENDATION
Appropriate $60,000 from the Affordable Housing Fund for the San Luis Obispo County
Housing Trust Fund.
DISCUSSION
Background
Council identified housing as a Major City Goal in the 2015 -17 Financial Plan. Included in the
work plan to accomplish this effort is an action item to use the Affordable Housing Fund to
support the HTF’s operating expenses. The Housing Major City Goal budget includes a line item
to accomplish this task in the amount of $30,000 in fiscal year 2015-16 and $30,000 in fiscal
year 2016-17, for a total of $60,000 (Attachment A). Staff is requesting Council authorization to
now appropriate the funds from the Affordable Housing Fund to pay for this effort.
Overview of HTF
The San Luis Obispo County Housing Trust Fund (HTF) is a Community Development
Financial Institution (CDFI) that provides financing, technical assistance and advocacy to
increase the supply of affordable housing in the City. The HTF provides funding for affordable
housing projects, including property acquisition, construction, and refinancing. HTF staff also
serves as a resource to City staff working with developers on affordable housing projects. The
HTF’s Executive Director, Jerry Rioux, maintains a high profile in the community as an
advocate for affordable housing projects, and serves on the Workforce Housing Coalition Board.
ENVIRONMENTAL REVIEW
The project is exempt from environmental review per Section 15061(b)(3) General Rule of the
CEQA Guidelines. Appropriation of the funds from the AHF will support the operations of the
HTF. Each project financed by the HTF in the City will be subject to CEQA at the time the
project is filed. It can be seen with certainty that the proposed action to appropriate funding to
the HTF for operating expenses will have no significant effect on the environment.
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FISCAL IMPACT
The City Council approved $60,000 to support the HTF’s operating expenses in the 2015 -17
Financial Plan (Attachment A). The act of appropriating funds from the AHF has no impact on
the General Fund.
ALTERNATIVE
1. Do not appropriate the AHF funds. This action is not recommended as the funds have
already been approved through the 2015-17 Financial Plan.
Attachments:
a - Housing Major City Goal Budget Excerpt
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MAJOR CITY GOALS
HOUSING
RESPONSIBLE DEPARTMENT
The Community Development Department will take the lead on this Major City Goal with assistance from
Administration, City Attorney, Finance, Fire, Police, Public Works, Utilities and Parks and Recreation. The City’s
Administration, Public Works, Finance and Utilities Departmentswill assist with the infrastructure component of
the goal. The City Attorney’s office will assist with new ordinance language for consistency with State law and
review affordable housing loans, contracts and agreements. The Housing Programs Manager (HPM) is tasked
with Housing Element implementation and facilitating provision of affordable housing. The HPM represents the
City on the San Luis Obispo County Housing Trust Fund Commission, Workforce Housing Coalition and Friends
of Prado Day Center Board, while a City Council member serves on the Homeless Services Oversight Council
(HSOC) to implement the 10-Year Plan.
FINANCIAL AND STAFF RESOURCES REQUIRED TO ACHIEVE THE GOAL
Accomplishing this goal will require leadership commitment and ensuring appropriate staff and financial
resources are available towork on and fund these efforts. The City’sHousing Programs are fully subscribed and
there is no more capacity to take on efforts outlined in the work planwithout adding 1.2 Full Time Equivalent
(FTE) staff in additional resources(see Staff Resourceanalysisin Appendix A).These additional resources
include one fulltimetemporary planning technician,10% of the Project Manager’s timefor homeless services
and 10% of the Business Manager’s time for Housing Programs administration. These staff resources are pending
2015-17 Financial Plan Development Services staffing and Contract Services SOPC approval.
Cost Summary
2015-162016-172015-162016-17
Grants-In-Aid (Housing Bdgt)1,6003,000
AH Agreement Consultant Support 10,000
SLO County HTF 30,00030,000
Maxine Lewis Memorial Shelter (Housing Bdgt)1,0001,000
Development Srvcs Staffing & CDD Reorg (ptn SOPC)*102,551103,899
LUCE Implementation and Fee Update (portion of SOPC)*210,000
Zoning Regulations Update (LUCE SOPC phase 2)*150,000
Infrastructure Investment CIP 250,000
Total $355,151$287,899$250,000$0
*A portion of the SOPC supports this work program
Operating ProgramsCapital Improvement Plan
Funding Sources
2015-162016-172015-162016-17
General Fund 280,151257,899
Affordable Housing Fund 75,00030,000
Infrastructure Investment Fund 250,000
Total $355,151$287,899$250,000 $0
Operating Programs Capital Improvement Plan
GENERAL FUND REVENUE POTENTIAL
This is not a revenue-generating work plan. However, a portion of the Housing Programs cost will continue to be
offset by CDBG and the AHF. Staff will continue to seek grant opportunities and partnerships to offset work plan
costs to the General Fund.
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