Laserfiche WebLink
<br />supportive services for residents through a partnership with the owner since its construction in 1982. <br />Hawthorn Apartments is currently subsidized through a HUD Project-based Section 8 contract and <br />financing from the State of Oregon, which will expire in 2012. By acquiring the property, ShelterCare <br />will preserve its current use and will likely maintain the HUD operating subsidies. ShelterCare initially <br />requested $700,000 in HOME funds for acquisition costs. The Housing Policy Board unanimously <br />recommends HOME funding in the amount of $695,000 for acquisition costs. The funding will be <br />structured as a deferred no-interest loan. ShelterCare will also apply for a Low-Income Rental Housing <br />Property Tax Exemption from the City of Eugene. <br /> <br />Rehabilitation of VetLIFT III Apartments <br />– St. Vincent de Paul Society of Lane County, Inc. (SVdP) <br />requests funding for rehabilitation of VetLIFT III, which will provide 10 rental units to formerly <br />homeless veterans dually diagnosed with addictions and mental illness. The building is located at 1070 <br />th <br />West 6 Avenue and was recently acquired by SVdP with City assistance (see Attachment B for <br />location map). SVdP initially requested $118,201 in HOME funds for rehabilitation and $5,000 in <br />Eugene SDCs. Following a discussion of funding alternatives with staff, SVdP has decided to utilize the <br />City’s Rental Rehabilitation Program in lieu of use of HOME funds. The Housing Policy Board <br />unanimously recommends Eugene SDC waivers in the amount of $5,000. The Eugene SDC waivers <br />will be used to offset SDCs associated with the conversion of a portion of the commercial space within <br />the building to a new fully accessible residential unit. SVdP will also apply for a Low-Income Rental <br />Housing Property Tax Exemption from the City of Eugene. <br /> <br /> <br />RELATED CITY POLICIES <br />The City Council has established a priority to address homelessness in Eugene. Both of the proposed <br />projects directly support this objective by preserving and expanding affordable housing opportunities for <br />very and extremely low-income families and individuals. In addition, both projects are targeted to <br />special needs populations who are currently homeless or would have a high-risk of becoming homeless <br />without supportive affordable housing. <br /> <br />The City of Eugene affordable housing development programs support a number of the City Council <br />Adopted Growth Management Policies. The recommended projects directly support the following <br />Growth Management Policies: <br />? <br /> <br />Promote construction of affordable housing. <br />? <br /> <br />Encourage in-fill, mixed-use, redevelopment, and higher density development. <br />? <br /> <br />Improve the appearance of buildings and landscapes. <br />? <br /> <br />Provide for a greater variety of housing types. <br /> <br />The City Council has established a Housing Dispersal Policy which seeks to maximize housing choice <br />for low-income families and integrate housing throughout the City of Eugene. Both projects are located <br />in appropriate Census Tracts according to the Housing Dispersal Policy. <br /> <br /> <br />COUNCIL OPTIONS <br /> <br />The City Council has three options: <br /> <br />1.Approve funding for both projects as proposed. <br /> <br />2.Approve funding for either project as proposed. <br /> <br />3.Decline to approve funding for both projects. <br /> <br /> Z:\CMO\2008 Council Agendas\M080609\S0806092C.doc <br />