HomeMy WebLinkAboutCity Manager's Release of Affordable Housing Trust Fund Annu in
0AA CITY OF HUNTINGTON BEACH
it Interdepartmental Memo
TO: Honorable Mayor and Mem rs of the C. Council
•
FROM: Oliver Chi, City Manager
DATE: December 18, 2019
SUBJECT: Release of Fiscal Year 2018-19 Affordable Housing Trust Fund Annual
Report
The City adopted an Inclusionary Zoning Ordinance in December of 2004 (the "Inclusionary
Ordinance"), which has been amended from time-to-time. The purpose and intent of the Inclusionary
Ordinance is "to implement the goals, objectives and policies of the City's Housing Element. It is
intended to encourage low- and moderate-income housing, which is integrated, compatible with and
complements adjacent uses, and is located in close proximity to public and commercial services." The
Inclusionary Ordinance applies to new residential projects of three or more units and requires that a
minimum of 10% of all new residential construction be affordable housing units. Housing developers
can meet this obligation by 1) providing the affordable units on site, 2) payment of an in lieu fee, or 3)
providing the affordable housing units offsite within Huntington Beach. If a developer selects option 2,
payment of an in lieu fee, the fee must be deposited in an Affordable Housing Trust Fund (the "Trust
Fund"). Trust Funds shall be used for projects which have a minimum of 50% of the dwelling units
affordable to very low- and low-income households, with at least 20% of the units available to very low-
income households.
Reporting requirements under the Inclusionary Ordinance specify that the City Council must review the
status of the Trust Fund within 180 days after the last day of each fiscal year (the "Annual Report").
The Annual Report must include the following information:
• Amount of in lieu fees collected; and
• Expenditures from the Affordable Housing Trust Fund; and
• The degree to which the fees collected are assisting the City to provide and encourage low- and
moderate-income housing.
An Annual Report has never been prepared for City Council Review. Therefore, the annual program
review for Fiscal Year 18-19 includes all previous fiscal years since the inception of the Inclusionary
Ordinance. For future Annual Reports, the review will only include the previous fiscal year. The
attached table outlines the in lieu fees collected, expenditures from the Trust Fund, the fund balance
at the end of the fiscal year, and a breakdown of affordable housing units that have been achieved
with the assistance of Trust Funds.
Of particular note, on February 10, 2014, the City Council approved a regulatory agreement for the
Oceana Project and provided $2,000,000 to help underwrite the project. Oceana has a total of 78
units, 77 affordable units and one 1 for the manager.. The breakdown of the affordable units is 8 at
extremely low income, 32 at very low income, and 37 at low income. This project is considered 100%
0
2d CITY OF HUNTINGTON BEACH
pe
Interdepartmental Memo
affordable. $253,555 comprise administrative expenses associated with the City's Tenant Based
Rental Assistance ("TBRA") program. 121 families (120 very low income and 1 low income) have
been assisted through the TBRA program.
Attachment: Annual Program Review
Cc: Travis Hopkins, Assistant City Manager
Michael Gates, City Attorney
Robin Estanislau, City Clerk
Ursula Luna-Reynosa, Director of Community Development
Jennifer Villasenor, Deputy Director of Community Development
Kellee Fritzal, Deputy Director OBD Division
Jane James, Planning Manager
Debbie Gilbert, Senior Administrative Analyst
Julie Paik, Analyst Housing
0 0 0 -
b
`o E
0
o V
a
E
0 p 'c
Z J D
n in In en
Q .i in H m
4)
b O b
a
Eras
z > 5
a
n m in v
Oel VI el m
V .
E g C
m c
z - ,
T
a
o b a 'a
a) c
`b b = m
al it, . c
ab
' = m z u z
> n
_ b a en
v.
o aal c
C, . = r C
b
Z o o E N
LL Z O et
w N
ut m
D 3 V C
CC n c E1— -LJ c
E .0 - al
a ' .ELi .0 z > O cc
w V1 b . co
u.
w 0 o m o ab C
cc 2 a E c t C
E u '^ ..
J 0 % O C b O
QZ to = CO U
CC l7 C
0 cC 0- O T a) UI
J i-
ll a A C
Q a Cu
b a N M
D 2 o O 0
2 < d .i ¢ x O
mIn mQm b n m o V
V IO N N m N m 0
Z A N W n N m IC n
Q N n n to N Cl) O Cl)
I- COW ti N en N N
o a ICI
3 N N N iti N Vt la
r LL
0 m .i m N. N
D O N N OI LO V1
2 v o m m PI .i '^
0 0 m Ic m rn
m .I I, In
• a Ci of d r N
C N m co N O N
b N VI. an ti
2y IA
N VI
N N CO V m Cl)
to .-1 m O O i0
W W Lein N tO i 0
n o - co en atil CO N R
if, b el N
ti U N to N to '� H V
C
Cu
V1 up N. CO m O 4 N m 0 VI In n coTA
0 0 0 0 0 0 0 0 0 0 0 0 0 O ^' a
N N N N N N N N N N N N N ry 0 Ca
O. O.C. O. O. O. O. O. n n n C. 0. n'
b al b b al b a) to a) CIb b CVi C y
N N VI LA N VI VI VI VI VI 1n V1 VI K
ILI
V o ttpa n to m o .. N m v In to n ' Cu
o o o o 0 0 0 0 o o o o o o .-1 6
N N N N N N N N N N N N N N r94
.C.V V V V V t t V V V t t G V c
CO
000000000000002, LL C
b
w ~
VI tO n co CA CD el N Cl) it, t!1 I!] n % CTC II
4 R 0 0 0 0) 0 rl .i el 'i .i a .4 f-I O a
to n 0 0 o
3 o : en o IP tb n ao E co
U. U. U. U. U. U.. U. tUL >. LL LL U LL LL LL • •