11/18/1992 Meeting - Laserfiche WebLink

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- G. Percent For Low-Income Housing Ms. Lynch said that the question is whether the council wants to direct staff and the Housing Policy Board to develop a recommendation for dedicating a percentage of all private development to low- and moderate-income housing. Mr. Boles moved, seconded by Ms. Bascom, to direct staff and the Housing Policy Board to develop a recommendation, including scope and cost, for dedicating a percentage of all private development to low- and moderate-income housing. The motion carried, 6:1; Mr. Rutan opposed. Mr. Boles moved, seconded by Mr. Green, to approve the minutes of the November 4, 1992, meeting of the Council Intergovernmental Relations Committee, as modified by the above activities and motions of the City Council on this date. Roll call vote. The motion carried unanimously. Citing a meeting conflict, Mayor Miller asked Council President Boles to facilitate the rest of the meeting. V. LOW-INCOME HOUSING ISSUES Rich Weinman, Housing and Community Development Section Manager, called attention to meeting packet material and the council's social goal and the e Housing Policy Board's objectives. He reviewed successful low-income housing projects. He said staff has researched different models for determining the best, most cost-effective, replicable way of building affordable housing. Staff is currently involved in researching funding for future projects, specifically bond financing. Responding to a question from Mr. Boles, Mr. Weinman said that there are approximately 3,000 names on the Section 8 waiting list for two- and three- bedroom units. He added that there is an average of 500 people in emergency housing per day. The City has built 197 units since it began its low-income housing program several years ago. Mr. Weinman reviewed the section's $150,000 budget, saying about half to two- thirds is spent on new construction activities. A. Foxwood Project Mr. Weinman described the proposed Foxwood Project as a new model, adminis- tered by a nonprofit organization with an extensive community board chaired by Jean Tate. This is a 60-unit project in South Eugene that will collect slightly higher rents than Richardson Bridge, but will still serve tenants at 50 percent of median income. He said housing financing is difficult so Foxwood has proposed the use of bond financing. e MINUTES--Eugene City Council November 18, 1992 Page 7 11:30 a.m.