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Meeting Name: Housing Authority Agenda status: Final
Meeting date/time: 2/28/2022 1:30 PM Minutes status: Final  
Meeting location: Virtual Meeting - See Agenda for Participation Information
Published agenda: Agenda Agenda Accessible Agenda Accessible Agenda Published minutes: Minutes Minutes Accessible Minutes Accessible Minutes  
Agenda packet: Not available
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
22-001HA 14.1HOUSING AUTHORITY FY 2021/22 Q2 FINANCIAL REPORTHA- Agenda ItemHOUSING AUTHORITY FY 2021/22 Q2 FINANCIAL REPORT This memo summarizes Housing Authority (“Authority”) expenditures and funding for July 1, 2021 - December 31, 2021.presented  Action details Not available
22-201HA 15.1FISCAL YEAR 2022-23 NOTICE OF FUNDING AVAILABILITY PRIORITIESHA- Study SessionFISCAL YEAR 2022-23 NOTICE OF FUNDING AVAILABILITY PRIORITIES The Housing Authority issues Notices of Funding Availability (NOFAs) for its federal, state, and local funds for affordable housing activities annually and as new funding opportunities arise. Over the past three years, six NOFAs have been issued, five of which have focused on providing funds for new construction and to leverage Housing Authority funds to make projects more competitive for state funding sources. This Study Session will provide the Housing Authority the ability to discuss the funding priorities for the upcoming Fiscal Year 2022-23 NOFA and provide direction to staff to either: 1) continue focusing on new construction projects; or 2) allocate a portion of the funds available for rehabilitation and/or preservation of affordable housing units in accordance with applicable funding source eligible uses.presented  Action details Not available
22-601HA 17.1January 24, 2022 - Draft Minutes.HA- MinutesJanuary 24, 2022 - Draft Minutes.Approved as submitted.  Action details Not available
22-803HA 112.13575 MENDOCINO AVENUE PHASE II- FUNDING RECOMMENDATIONHA- ReportREPORT - 3575 MENDOCINO AVENUE PHASE II- FUNDING RECOMMENDATION BACKGROUND: The Fall 2021 Notice of Funding Availability (NOFA) was published on October 1, 2021 and made available $694,325 in Permanent Local Housing Allocation (PLHA) program funds and $1,565,675 in HOME Investment Partnership (HOME) program funds. Of the applications received, there were no projects eligible to receive HOME funds. At the time that applications were due for the NOFA, the 3575 Mendocino Avenue Phase II project was anticipated to be fully funded and BRJE Phase 2 Housing Partners, LP (the Developer) did not submit an application for funding. In late January, the Developer became aware of and advised Housing Authority staff of a funding shortfall due to a lower-than-expected tax credit equity amount from investors and increased construction costs. The disaster tax credit award requires the project to begin construction by April 10, 2022, which does not allow the time for the project to apply for funding from a future NOFA and retain their $20 Million disaster tax credit award. The Developer has request to waive reading of the text and adoptPass Action details Not available