City Hall, Council Chamber  
100 Santa Rosa Avenue  
Santa Rosa, CA  
City of Santa Rosa  
Housing Authority  
Regular Meeting Minutes - Final  
Monday, December 16, 2024  
1:30 PM  
1. CALL TO ORDER  
Chair Newton called the meeting to order at 1:32pm.  
2. REMOTE PARTICIPATION UNDER AB 2449 (IF NEEDED)  
NONE  
3. ROLL CALL  
6 -  
Present  
Chair Jeremy Newton, Vice Chair Wayne Downey Ph. D,  
Commissioner Angela Conte, Commissioner Jeffrey Owen,  
Commissioner Doug Shivananda Friedman, and Commissioner  
Andrew Smith  
4. STATEMENTS OF ABSTENTION  
Commissioner Owen stated that he will abstain from item 12.1.  
5. STAFF BRIEFING  
5.1  
Housing Authority Financial Report  
Housing Authority FY 2024/2025 Quarter 1 Financial Report  
Kate Goldfine, Administrative Services Officer, presented a  
memorandum and, along with Megan Basinger, Director, answered  
Commissioners questions.  
Public Comment:  
None  
Commissioner Friedman arrived for the meeting at 1:42pm.  
6. STUDY SESSION  
NONE  
7. PUBLIC COMMENTS (ON NON-AGENDA ITEMS)  
Public Comments:  
None  
8. APPROVAL OF MINUTES  
8.1  
Draft Minutes - October 28, 2024  
Public Comments:  
None  
Approved as submitted.  
9. CHAIRMAN/ COMMISSIONER REPORTS  
NONE  
10. COMMITTEE REPORTS  
NONE  
11. EXECUTIVE DIRECTOR REPORTS/ COMMUNICATION ITEMS:  
11.1  
PENDING DEVELOPMENT PIPELINE UPDATE - Provided for  
information.  
Megan Basinger, Director, Provided information and answered  
Commissioners questions.  
Public Comment:  
None  
12. CONSENT ITEMS  
12.1  
RESOLUTION - MODIFICATION OF LOAN TERMS FOR STONY  
POINT FLATS APARTMENTS  
RECOMMENDATION: It is recommended by the Housing and  
Community Services Department that the Housing Authority, through  
two resolutions: 1) modify the terms of the loan, in the amount of  
$1,200,000, to Stony Point Flats, L.P. for Stony Point Flats Apartments,  
located at 2270 Stony Point Road, to increase the interest rate from 3%  
to the current Applicable Federal Rate of 4.10%; and 2) modify the  
terms of the further advance of $600,000, to increase the interest rate  
from 3% to the current Applicable Federal Rate of 4.10%; and revise  
the source of loan funds from state funds (Permanent Local Housing  
Allocation funds) to a local funding source (In-Lieu Fee Funds) to  
expedite conversion to permanent financing.  
Megan Basinger, Director, answered Commissioners questions.  
Public Comment:  
None  
A motion was made by Commissioner Conte, seconded by Vice Chair  
Downey Ph. D,motion RECOMMENDATION It is recommended by the  
Housing and Community Services Department that the Housing Authority,  
through two resolutions: 1) modify the terms of the loan, in the amount of  
$1,200,000, to Stony Point Flats, L.P. for Stony Point Flats Apartments,  
located at 2270 Stony Point Road, to increase the interest rate from 3% to  
the current Applicable Federal Rate of 4.10%; and 2) modify the terms of the  
further advance of $600,000, to increase the interest rate from 3% to the  
current Applicable Federal Rate of 4.10%; and revise the source of loan  
funds from state funds (Permanent Local Housing Allocation funds) to a  
local funding source (In-Lieu Fee Funds) to expedite conversion to  
permanent financing.. The motion carried by the following vote:  
5 -  
Yes:  
Chair Newton, Vice Chair Downey Ph. D, Commissioner Conte,  
Commissioner Friedman and Commissioner Smith  
1 - Commissioner Owen  
Abstain:  
12.2  
RESOLUTION - ASSIGNMENT AND EXTENSION OF THE  
AGREEMENT TO ENTER A HOUSING ASSISTANCE PAYMENTS  
CONTRACT FOR HERITAGE PARK APARTMENTS  
RECOMMENDATION: It is recommended by the Housing and  
Community Services Department that the Housing Authority, by  
resolution, 1) approve an assignment of the Agreement to Enter a  
Housing Assistance Payments Contract (AHAP) for ten (10) Project  
Based Vouchers for Heritage Park Apartments from Heritage Park, L.P.  
to Linc Windsor Park, L.P. and 2) extend the term of the AHAP through  
December 31, 2026.  
Public Comment:  
None  
A motion was made by Commissioner Smith, seconded by Commissioner  
Owen,motion RECOMMENDATION It is recommended by the Housing and  
Community Services Department that the Housing Authority, by resolution,  
1) approve an assignment of the Agreement to Enter a Housing Assistance  
Payments Contract (AHAP) for ten (10) Project Based Vouchers for Heritage  
Park Apartments from Heritage Park, L.P. to Linc Windsor Park, L.P. and 2)  
extend the term of the AHAP through December 31, 2026.. The motion  
carried by the following vote:  
6 -  
Yes:  
Chair Newton, Vice Chair Downey Ph. D, Commissioner Conte,  
Commissioner Owen, Commissioner Friedman and Commissioner  
Smith  
13. REPORT ITEMS  
NONE  
14. ADJOURNMENT  
Seeing no further business, Chair Newton adjourned the meeting at  
2:00PM.  
Approved on: January 27, 2025  
/s/ Ashley Paul, Recording Secretary