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HomeMy WebLinkAboutCity Council Positions on Legislation pending before the StaBy the numbers UNSHELTERED HOMELESSNESS HAS INCREASED 53% SINCE 2013 odwswtrceg(dM*W NOME W ax 11,101111111111111 32 INVESTING IN PERMANENT , SUPPORTIVE HOUSING (PSH) CAN �t SAVE ORANGE COUNTY CITIES No Place L7f $42 MIL PER YEAR 1 6% Me->pec e—mg ric., Program 85. ACC-OC'S 2700 PSH UNIT PLAN 1 •"06Loca,E rSB2 SHELTERS THE REGION'S MI11A Special Propereft r fin Cow mcome Tax GPdds r MHSA Special Mousing Needs Program . Ha Place liFr Hnmr CHRONICALLY HOMELESS ,A"SC wMar,gage Bond, ()C Housing,*'1'rusl What it is: • A regional and collaborative model to address homelessness and housing issues, through a single purpose JPA. • A regional approach to accessing State and Federal funding, as opposed to individual municipalities competing for the same dollars. • A transparent entity that gives the county and cities a seat at the table. • A one -stop shop for planning and project funding, allowing for the mixing of private and public dollars to finance projects expediently. • A collaborator with other regional entities to maximize opportunities for planning and project implementation. 582 5% Housing Successor County Properdies 5': G Cow Income Tax C 7% Income tax Credits 29% Housing Successor 41: low Income Tax Credits . VHHP .Other Sources (cf—Inper fee) Please contact Kelsey Brewer at kbrewer@accoc.org with any questions 487 ASSOCIATION OF CALIFORNIA CITIES - ORANGE COUNTY ORANGE HOUSING COUNTY e • . • r • O • • • • • • • • O • • • • • i • • 0 • • • • • i • • • • • s • • 0 0 • • ! O i 0 • OCHT Policy Principles What it is • The OCHT will be a regional point to access capital such as SB3 funding, the 2018 statewide housing initiative. • The OCHT will allow for the combining of private and public dollars to finance projects expediently and with flexibility. • The OCHT is a single purpose Joint Power Authority, that will bring the cities of Orange County, the County of Orange, and community stake holders together under a regional collaborative model to finance the 2700 units of needed Permanent Supportive Housing, as well as extremely -low, very -low, and low income housing. How it works • The OCHT will comply with the criteria of each funding source that it receives, ensuring that earmarked dollars go toward the projects the funding was intended for. • The governance structure will include the County of Orange, the cities of Orange County, and community shareholders. • Formed under a special legislative act, the JPA will be able to co -mingle public and private dollars, maximizing flexibility of funds. Local Control Safeguards • Cities can choose to opt in or out of the trust. • Cities are not required to meet quotas for construction of housing units. • The OCHT will not regulate land use. • The OCHT is not an owner and operator of housing units, nor is it a substitute for local control. • The OCHT will have no claims of eminent domain. Questions? Contact Kelsey Brewer at kbrewer@acc6lb.org Wwa, old WWI missErne Czar, rar Capital Finance Model Other Sources (developer HOME fee) 4% SB 2 S% Housine Successor Mortgag 31 AHS( 1% VHF 11/ No Place Lik 6% IV II I.Jr1 JPut-IOI I luu-11116' IVCCU--1 Program 8% a HOME " SB 2 Local City/County Properities w 9% Low Income Tax Credits MHSA Special Housing Needs Program No Place Like Home AHSC Mortgage Bonds `County Properities 5% co v ,° Low Income Tax Credits 7% Income Tax Credits 29% Housing Successor 4% Low Income Tax Credits VHHP — Other Sources (developer fee) '-°•d°�ft° SB3: Veterans & Affordable Housing Bond Act 2018 o HOUSING BOND ACT 2018 TOTAL: $4.0 BILLION ■ Cal Home Program, $300 Million ® Affordable Housing Innov, Fund/Housing Trusts, $= Million 4 Farmworker Housing, $300 Million ::elf Help Housing Fund, $1S0 Million N Regional, Housing an Incentive Acct., $300 ■ Transit Oriented Development Fund, $150 Million ■ Housing Rehabilitation Loan Fund iA Regional, Housing and Infill Incentive Acct ill Farmworker Housing ■ Cal Home Program ■ Housing Rehabilitation Loan Fund, $1.5 Billion Transit Oriented Development Fund A Self Help Housing Fund M Affordable Housing Innovation Fund/Housing Trusts