10/24/1979 Meeting - Laserfiche WebLink

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V. JOINT HOUSING RECOMMENDATION RE: CONDOMINIUM CONVERSIONS e Assistant Manager said that Jim Bernhard, chairman of the Joint Housing Committee, would present a report. Mr. Haws questioned the purpose of the discussion and whether decisions would need to be made "today." Assistant Manager responded that the Joint Housing Committee report would be presented and supplemented by additional staff informatiqn. It is anticipated that Council may wish to take some public testimony, but action is not neces- sarily required. Jim Bernhard, chairman of the Joint Housing Committee, said that by Council direction the Joint Housing Committee discussed the condominium conversion issue at its September and October meetings. HCC and Planning Department reports were reviewed and public testimony taken, and it was agreed that both reports should be submitted to the Council along with material received at the October 16 JHC meeting. The Joint Housing Committee agreed with the four staff recommendations in its report. In essence, those four recommendations are: 1. Direct the staff to investigate and, if appropriate, prepare a draft of an ordinance to require owners of buildings being converted to condominium units to issue notice of conversion at least 180 days prior to recording the declaration of unit ownership; 2. Continue to work to modify the State HOUSing Division's administrative rule on its mortgage purchase program; e 3. Direct staff to work with low-income tenants who are displaced by condominium conversion to find other suitable housing; and 4. Investigate development of a local condominium purchase program which would provide down payments for low-income tenants on a deferred loan basis intended to bring mortgage payments in line with their income. The Joint Housing Committee further recommended that the City renew efforts toward increasing the supply of multiple-family hOUSing city-wide, particularly for lower-income households. It also recommended that a special effort be made for continued study of the condominium conversion issue which would include special meetings. Decisions made at this time may not provide a final solution to the problem, and it feels the situation warrants continued investigation and study. The Joint Housing Committee felt it did not have enough information at this time to make a complete report to the Council. At the October 16 meeting, the vote was 4:1 against imposing a moratorium at this time. Mr. Haws wondered how the 180-day notice-to-tenants figure was arrived at, and Mr. Bernhard said it was felt that 180 days would provide time for the occupants to pursue other options. Mr. Haws did not understand what a maximum mortgage value per unit meant. Assistant Manager clarified e 583 10/24/79--5