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HomeMy WebLinkAboutR-11016 approving an affordable housing fund award to Transitions-Mental Health for existing 6-unit property to rehabilitate as affordable housingRESOLUTION NO. 11016 (2019 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, APPROVING AN AFFORDABLE HOUSING FUND AWARD TO TRANSITIONS -MENTAL HEALTH ASSOCIATION FOR ACQUISITION OF AN EXISTING 6 -UNIT PROPERTY TO BE REHABILITATED AS AFFORDABLE HOUSING IN THE AMOUNT OF $330,000 WHEREAS, the City Council of the City of San Luis Obispo met in the Council Chamber of City Hall, 990 Palm Street, San Luis Obispo, California, on June 4, 20I9, for the purpose of considering a request for Affordable Housing Fund (AHF) assistance; and WHEREAS, the proposed project by Transitions -Mental Health Association (THMA) meet the eligibility criteria established by the City Council; and WHEREAS, Housing Element policies and programs encourage and support the construction of new affordable housing in the City; and WHEREAS, the City Council has duly considered all evidence, including the testimony of the applicant, interested parties, and the evaluation and recommendations by staff at the said meeting. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: SECTION 1. Findings. The City Council does hereby make the following findings in support of the proposed AHF awards: 1. Eligibility: Use of the AHF for the requested purpose will increase or improve the City's affordable housing inventory and promote General Plan policies regarding housing, as follows: TMHA's project is eligible for Affordable Housing Funds because it increases the City's affordable housing inventory and implements several General Plan policies regarding housing. The project will increase the supply of affordable housing for six low income adults living with mental-health diagnoses. 2. Need: There exists a substantial or overarching need for the type of unit to be assisted, as follows: TMHA is houses over 250 clients annually with the goal of creating supported, permanent housing for adults with mental illness. Once opened, Bishop Street Studios will provide 34 housing units to this population. TMHA received around 300 applications for these units, which demonstrates a clear need for this type of supported housing. R 11016 Resolution No. 11016 (2019 Series) Page 2 3. Suitability: The project to be assisted is appropriate for its location both in terms of land use and design, as follows: This project is appropriate for this location, since the two existing homes are currently being utilized for residential use. The front house located on Branch Street is a 1 -bedroom, 1 -bathroom cottage. On the same lot, facing South Street, are five units consisting of two studios and three 1 -bedroom lofts. The property is in close proximity to amenities, public transportation, Meadow Park, and TMHA services. 4. Timing: The project would better serve the City's needs if it were built immediately as opposed to later, as follows: TMHA received around 300 applications for the 34 units under construction in the Bishop Street Studios project, meaning there are approximately 266 community members in need of safe, supportive housing. TMHA knows that stable housing and recovery go hand-in-hand. This project will bring TMHA a few steps closer to providing housing for the hundreds of San Luis Obispo residents living with mental health diagnoses. 5. Financial Effectiveness: But for the requested funding, the project would not be economically feasible; or AHF funding "leverages" significant additional funding from other sources, as follows: TMHA will soon be awarded with a No Place Like Home (NPLH) grant, which provides funds to house low income adults with mental health diagnoses. The NPLH grant will be in the amount of $1,082,952, which leaves about a $330,000 balance to complete the purchase of the property. TMHA's request of $330,000 is a highly effective use of the City's Affordable Housing Funds, as the City will gain six units that will be affordable for a minimum of 55 years. 6. Readiness: The project has all necessary City approvals and is ready to proceed, as follows: The project did not need to obtain any City discretionary approvals. Upon the award of the City, THMA plans to close escrow on the property as early as June 2019. THMA will then make improvements to the units as needed and submit any plans to the City Building division as necessary. SECTION 2. Environmental Determination. The California Environmental Quality Act does not apply to the recommended action in this report, because the action does not constitute a "Project" under CEQA Guidelines Sec. 15378. R 11016 Resolution No. 11016 (2019 Series) Page 3 SECTION 3. AHF Award for Transitions -Mental Health Association. The City Council does hereby approve an AHF award in an amount not to exceed $330,000, subject to the following condition of approval: 1. Prior to release of any portion of the AHF award, the applicant shall enter into an affordability agreement with the City for the six (6) for -rent affordable housing units located at 527 Branch Street and 526 South Street for a term of fifty-five (55) years, which will be recorded against the title of the property. Upon motion of Council Member Christianson, seconded by Council Member Gomez, and on the following roll call vote: AYES: Council Members Christianson, Gomez, and Stewart, Vice Mayor Pease and Mayor Harmon NOES: None ABSENT: None The foregoing resolution was adopted this 4th day of June 2019. ATTEST: — V) /-Qz Mayor ei Harmon Teresa Purrington, City Cl r APPROVED AS T0+QRM: Dietrick, City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, this 134 day of JLXVI& 2019. Teresa Purrington, City Clo on R 11016