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21-608HA
| 1 | 6.1 | August 23, 2021 - Draft Minutes | HA- Minutes | August 23, 2021 - Draft Minutes | approve as amended | |
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21-609HA
| 1 | 6.2 | September 13, 2021 - Draft Minutes. | HA- Minutes | September 13, 2021 - Draft Minutes. | approve as amended | |
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21-019HA
| 1 | 7.1 | PROCLAMATION OF APPRECIATION FOR PHIL OLSEN | HA- Agenda Item | PROCLAMATION - PROCLAMATION OF APPRECIATION FOR PHIL OLSEN | presented | |
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21-018HA
| 1 | 8.1 | FY 2020/21 QUARTER 4 FINANCIAL REPORT | HA- Agenda Item | FY 2020/21 QUARTER 4 FINANCIAL REPORT
Housing Authority (“Authority”) expenditures and funding sources for Fiscal Year 2020-21 (July 1, 2020 - June 30, 2021). | presented | |
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21-020HA
| 1 | 8.2 | HOUSING CHOICE VOUCHER PROGRAM WAITING LIST UPDATE | HA- Agenda Item | HOUSING CHOICE VOUCHER PROGRAM WAITING LIST UPDATE
This briefing will provide information about the current status of the Housing Choice Voucher Program waiting list. | presented | |
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21-310HA
| 1 | 11.1 | COMMUNICATION - NOTICE OF FUNDING AVAILABILITY (NOFA)
POINTS SYSTEM UPDATE - Provided for information. | HA- Communication Item | COMMUNICATION - NOTICE OF FUNDING AVAILABILITY (NOFA)
POINTS SYSTEM UPDATE - Provided for information. | presented | |
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21-814HA
| 1 | 13.1 | REQUEST TO HOUSING AUTHORITY FOR RECOMMENDATION TO CITY COUNCIL THAT CITY OWNED PROPERTY LOCATED AT 625 AND 637 3RD STREET APN 009-013-011 & -012, 700 5TH STREET APN 009-012-025 AND 500 5TH STREET APN 010-053-028 BE DECLARED SURPLUS AS REQUIRED BY THE STA | HA- Report | REPORT - REQUEST TO HOUSING AUTHORITY FOR RECOMMENDATION TO CITY COUNCIL THAT CITY OWNED PROPERTY LOCATED AT 625 AND 637 3RD STREET APN 009-013-011 & -012, 700 5TH STREET APN 009-012-025 AND 500 5TH STREET APN 010-053-028 BE DECLARED SURPLUS AS REQUIRED BY THE STATE SURPLUS LANDS ACT, AND A NOTICE OF AVAILABILITY TO THE STATE DEPARTMENT OF HOUSING AND COMMUNITY SERVICES FOR AVAILABILITY FOR AFFORDABLE HOUSING BE SUBMITTED
BACKGROUND:
The City is actively initiating new development in Downtown Santa Rosa to further the City’s housing, planning and economic development objectives while also ensuring continued availability of public parking to the serve the public’s needs. To assist in new development of consolidated mixed use projects that include affordable housing, City owned parcels are being evaluated, recommended for surplus status when appropriate, and made available to housing sponsors for affordable housing through a notice of availability to the State Department of Housing and Community Services (HCD), as required by Government Code Section 54222 and the State’s Surplus L | to waive reading of the text and adopt | Fail |
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21-815HA
| 1 | 13.2 | LOAN MODIFICATION REQUESTS FOR EXTENSION OF HOUSING AUTHORITY LOAN AND REGULATORY AGREEMENT TERMS FOR- NORTHPOINT APARTMENTS I AND II, 2121 STONY POINT ROAD, AND SUBORDINATION OF THE HOUSING AUTHORITY’S LOANS TO REFINANCED SENIOR MORTGAGES | HA- Report | REPORT - REQUEST FOR EXTENSION OF HOUSING AUTHORITY LOAN AND REGULATORY AGREEMENT TERMS NORTHPOINT APARTMENTS PHASES I AND II, 2121 STONY POINT ROAD, AND SUBORDINATION OF THE HOUSING AUTHORITY’S LOANS TO REFINANCED SENIOR MORTGAGES.
BACKGROUND: Bridge Housing submitted a loan modification application to support its refinancing efforts for Northpoint Apartments Phases I and II, including a request for loan and regulatory period extensions, as well as subordination of the Authority loans to the refinanced senior mortgages.
The project consists of Phase I, a 70-unit multifamily rental development of which 69 are affordable to very low-, and low-income households. The Phase I loan due date is August 2029 and the thirty-year term of the Regulatory Agreement ends in October 2029. Phase II, a 40-unit multifamily rental development all of which affordable to very low-, and low-income households has loan due dates of September 2029 and December 2030 and the thirty-year term of the Regulatory Agreement ends in September 2030.
If approved, the extension will bring the loan due date | to waive reading of the text and adopt | Pass |
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