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HomeMy WebLinkAboutItem 2C: Approval of HOME FundsEUGENE CITY COUNCIL AGENDA ITEM SUMMARY Approval of Home Investment Partnerships Program Funding To Acquire Existing Housing Units Meeting Date: August 8, 2005 Agenda Item Number: 2C Department: Planning and Development Staff Contact: Richie Weinman www. eugene-or, gov Contact Telephone Number: 682-5533 ISSUE STATEMENT The City Council is asked to approve Home Investment Partnerships Program (HOME) grant funding for Sponsors, Inc. to acquire 28 quad units at 1748 Ferry Street. BACKGROUND The City Council approved the HUD Consolidated Plan 2005 which sets priorities for use of Community Development Block Grant (CDBG) and HOME funds over a five-year period. Each spring, the council approves a One-Year Action Plan for annual use of Federal CDBG and HOME funds. The plan allocates Federal funding generically to several housing development activities: affordable rental units, homeownership, and site acquisition for future low-income housing developments. The City's Request for Proposals (RFP) for funding includes access to other local resources including Eugene and EWEB systems development charges (SDC) waivers, Lane County Road Funds, and low-income housing property tax exemptions. All of these resources provide subsidies that decrease the cost of the housing for low-income tenants. The intergovernmental Housing Policy Board (HPB) reviews proposals and forwards its recommendations for action. Up to $750,000 in Federal HOME funds, along with other local housing resources, were offered through the RFP process for acquisition of existing affordable housing units. Two proposals were received totaling $728,571. Two proposals for HOME funds were received June 10, 2005, in response to the RFP, and were reviewed by the Allocations Subcommittee on June 28, 2005. A public hearing was conducted on July 21 and three people testified, each in support of the recommendation. The Housing Policy Board recommended HOME funding for both projects. St. Vincent dePaul recently requested a substantial amendment to its funding request. This requires further review by the Housing Policy Board prior to City Council action. Acquire Ferry Street Quads HOME Funds Grant $428,571 Sponsors, Inc. seeks assistance to acquire a complex of 28 quad units located at 1728 Ferry Street in the West University Neighborhood. The tenant population will consist of adult ex-offenders. This population is a particularly under-served and difficult to place in housing. Sponsors will provide case L:\CMO\2005 Council Agendas\M050808\S0508082C.doc management and operate the facility as alcohol-, drug- and smoke-free facility. Sponsors will rent units to those who have successfully completed Sponsors' basic transition program, referred by both Lane County and federal parole and probation, and who have successfully completed local substance abuse treatment programs. Representatives for Sponsors attended two meetings of the West University Neighborhood Association. Some neighbors expressed concern about sex offenders, and all were pleased about the alcohol- and drug-free requirements. Neighborhood residents in attendance expressed overwhelming support for the project. Unit rents will be affordable to one-person households at 26 - 33% of area median income. The HOME funds will be combined with a loan from Pacific Continental Bank on this $510,519 acquisition. The property is in good condition and does not need rehabilitation. Timely City Council action on this proposal is important in order for Sponsors to work with existing purchase options. RELATED CITY POLICIES Policy Issues The Consolidated Plan 2005 sets objectives of increasing the supply of affordable housing and increasing the range of housing options and related services for special needs populations. Council Goals The creation of low-income housing, a City Council goal for over ten years, is included in the Growth Management Policies and the HUD Consolidated Plan 2005. COUNCIL OPTIONS The Council may approve or not approve the HPB recommendation. CITY MANAGER'S RECOMMENDATION The City Manager recommends that the council approve the use of HOME funds for this project. SUGGESTED MOTION Move to approve the use of HOME funds for the acquisition project described in this Agenda Item Summary. ATTACHMENTS A. List of Allocations Subcommittee Members and Housing Policy Board Members B. Public Hearing Minutes FOR MORE INFORMATION Staff Contact: Richie Weinman Telephone: 541-682-5533 Staff E-Mail: Richie. d. weinman~ci, eugene, or. us L:\CMO\2005 Council Agendas\M050808\S0508082C.doc ATTACHMENT A Housing Policy Board Eugene Allocations Subcommittee Members Lea Allen Norton Cabell, chair Connie Hedberg Jennifer Soloman John Vanlandingham John Wagner Jim Welsh Housing Policy Board Members Lea Allen Norton Cabell Roxie Cuellar Bob Doppelt Bobby Green Jennifer Soloman Dave Ralston John Vanlandingham John Wagner L:\CMO\2005 Council Agendas\M050808\S0508082C.doc ATTACHMENT B July 21, 2005 Public Hearing Minutes Proposed Low-Income Housing Funding St Vincent DePaul - Vet LIFT Program Sponsors Inc. - Transitional Housing Norton Cabell, Chair of HPB Allocations Committee opened the meeting. Richie Weinman, City of Eugene staff, summarized the proposals and the process to date. Mr. Cabell opened the hearing. Ron Chase, 925 Sunnyside, Eugene. Executive Director of Sponsors Mr. Chase recalled that Sponsors was the first agency to receive funding through the HPB 15 years ago. He explained how that money was well spent and this allocation will also be well managed and an asset to the community. He thanked the HPB for its support of this project. Anne Williams, 972 Madison, Eugene, St. Vincent dePaul Ms. Williams thanked the HPB for their long term support and the support of this project. She spoke in favor of assisting the tremendous number of homeless veterans in Lane County. She explained that this allocation is intended to leverage other HUD funds, a VA grant, and state funds. She said these funds are critical. Drew Smead, 1665 Oakpatch Mr. Smead explained that he was a homeless vet, living in his car, 18 months ago. His kids were taken away from him. He went to Carton House and learned a lot. He's been a recovering alcoholic ever since. He lived in a recovery house for awhile and now lives in subsidized housing and has a job and his kids back. He supports this grant and offered himself as an example. No one else wished to speak and Mr. Cabell closed the public hearing. L:\CMO\2005 Council Agendas\M050808\S0508082C.doc