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23-017HA
| 1 | 5.1 | HOUSING AUTHORITY FY 2022/23 QUARTER 4 (YEAR END) UNAUDITED FINANCIAL REPORT | HA- Agenda Item | HOUSING AUTHORITY FY 2022/23 QUARTER 4 (YEAR END) UNAUDITED FINANCIAL REPORT
This Staff Briefing summarizes Housing Authority (“Authority”) expenditures and funding for July 1, 2022 - June 30, 2023. | presented | |
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23-205HA
| 1 | 6.1 | HOUSING CHOICE VOUCHER PROGRAM ADMINISTRATIVE PLAN OVERVIEW | HA- Study Session | HOUSING CHOICE VOUCHER PROGRAM ADMINISTRATIVE PLAN OVERVIEW
The purpose of this study session is to provide information regarding the Housing Choice Voucher Program Administrative Plan. The Administrative Plan is the major policy document guiding the ongoing administration of the federally regulated Housing Choice Voucher (HCV) program. | presented | |
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23-606HA
| 1 | 8.1 | Draft Minutes - July 24, 2023. | HA- Minutes | Draft Minutes - July 24, 2023. | Approved as submitted. | |
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23-309HA
| 1 | 11.1 | PENDING DEVELOPMENT PIPELINE UPDATE | HA- Communication Item | PENDING DEVELOPMENT PIPELINE UPDATE. Provided for information. | presented | |
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23-406HA
| 1 | 12.1 | EXTENSION TO VIGIL LIGHTS CONDITIONAL COMMITMENT OF LOAN FUNDS | HA- Consent | RESOLUTION - MODIFICATION TO HOUSING AUTHORITY RESOLUTION NUMBER 1760, CONDITIONAL COMMITMENT OF LOAN FUNDS IN THE AMOUNT OF $1,073,583 TO PEP HOUSING FOR VIGIL LIGHT SENIOR APARTMENTS TO EXTEND THE DATE BY WHICH THE PROJECT MUST RECEIVE A TAX CREDIT AWARD
RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, by resolution, modify the terms of the $1,073,583 conditional commitment of loan funds to PEP Housing for Vigil Light Senior Apartments in Resolution Number 1760 to extend the date by which the project must receive a tax credit award to include the third round of applications in September 2023. | to waive reading of the text and adopt | Pass |
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23-809HA
| 1 | 13.1 | CHANGE OF BORROWER LEGAL NAME FOR BURBANK AVENUE APARTMENTS LOAN AND PROJECT-BASED VOUCHER COMMITMENTS | HA- Report | REPORT - MODIFICATION TO HOUSING AUTHORITY RESOLUTION NUMBERS 1694,1704,1707,1731,1743, FOR BURBANK AVENUE APARTMENTS TO CHANGE THE BORROWER ENTITY FROM WATERSTONE RESIDENTIAL, LLC AND WSA BURBANK HOUSING PARTNERS I, LP TO BHDC BURBANK AVE, LLC BY AND THROUGH BURBANK HOUSING DEVELOPMENT CORPORATION AND ALLOW PREDEVELOPMENT AS AN ELIGIBLE USE FOR THE LOCAL AND STATE FUNDS
BACKGROUND: Burbank Avenue Apartments (Project) has been awarded four commitments of loan funds totaling $13,184,325 and sixteen (16) Project-Based Vouchers (PBVs). The loan funding and PBV commitments have been awarded to the Project over time and have been awarded to different borrower entities as the ownership structure of the Project has evolved. The borrower entities include Waterstone Residential, LLC, and WSA Burbank Housing Partners I, LP, a partnership with Burbank Housing Development Corporation (BHDC). Now fully funded, the Project has requested to transfer the ownership entity for all commitments to BHDC Burbank Avenue LLC, by and through its nonprofit partner, BHDC, and to allow predevelopment-related | to waive reading of the text and adopt | Pass |
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23-810HA
| 1 | 13.2 | DOWN PAYMENT ASSISTANCE LOAN PROGRAM - AUTHORIZATION APPROVAL FOR THE EXECUTIVE DIRECTOR TO EXECUTE LOAN AND PROGRAM-RELATED DOCUMENTS | HA- Report | REPORT - DOWN PAYMENT ASSISTANCE LOAN PROGRAM - AUTHORIZATION FOR THE EXECUTIVE DIRECTOR TO EXECUTE LOAN AND PROGRAM-RELATED DOCUMENTS
BACKGROUND: On February 15, 2022, the City Council appropriated $2 million of the PG&E settlement funds to establish a downpayment assistance program for Santa Rosa residents and delegated program development and administration to the Department of Housing and Community Services (HCS). Delegation of authority by the Housing Authority is needed for the Executive Director to execute loan and program-related documents including, but not limited to Promissory Notes, Owner Occupancy Agreements, Subordination Agreements, and other program-related documents as needed.
RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, by resolution, authorize the Executive Director to execute loan and program-related documents for the Down Payment Assistance Loan Program. | to waive reading of the text and adopt | Pass |
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