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ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Work Session: Bascom Village Meeting Date: November 16, 2011 Agenda Item Number: B Department: Planning & Development Staff Contact: Becky Wheeler www.eugene-or.gov Contact Telephone Number: 541-682-5532 ISSUE STATEMENT This work session provides the City Council with an opportunity to discuss the results of the 2011 Affordable Housing Request for Proposals (RFP) as well as related affordable housing funding policies and processes. This RFP is the mechanism used by the City to identify projects eligible to receive land, federal pass-through funds, and local subsidies for affordable housing. The 2011 Housing RFP solicited proposals for development of the City-owned landbank site located at 2990 County Farm Road. The Housing Policy Board (HPB) made a draft recommendation to fund Bascom Village, a 101-unit development affordable to those at or below 50 percent Area Median Income. BACKGROUND The following information summarizes: 1) the City’s guiding plans related to affordable housing; 2) the annual Housing RFP process; 3) the Eugene Landbanking Program for Affordable Housing and Housing Dispersal Policy; 4) relevant background information about the County Farm landbank site and surrounding neighborhood; and 5) the 2011 Housing RFP process and draft recommendation received to fund Bascom Village, a 101-unit development affordable to those at or below 50 percent Area Median Income. Annual Action Plan and Housing Request for Proposals The City of Eugene subsidizes the development of housing affordable to low- and very low-income people using federal pass-through funding and local resources. The City of Eugene established current goals and programs for the development of affordable housing through the adopted 2010 HUD Consolidated Plan. The Consolidated Plan guides the use of HOME Investment Partnerships (HOME) funds and Community Development Block Grant (CDBG) funds over a five-year period. Each year, the City Council adopts a One-Year Action Plan, which establishes development goals and allocates funds at a program level. For fiscal year 2012, the One-Year Action Plan sets a goal for developing 100 units of affordable housing and allocates up to $601,206 in HOME Investment Partnerships funds for construction or acquisition of affordable housing units. In addition to use of federal funds, the City of Eugene has established System Development Charge (SDC) waivers and the Low-Income Rental Housing Property Tax Exemption to further enable the development of affordable housing. The City uses an annual Housing RFP to solicit specific affordable housing development projects eligible to receive land and other federal and local subsidies specifically designated for affordable housing. The City Council is advised directly by the Intergovernmental Housing Policy Board on housing proposals received through the RFP and other housing policy matters. The RFP content and S:\CMO\2011 Council Agendas\M111116\S111116B.doc