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City of Huntington Beach
File #: 21-504 MEETING DATE: 7/6/2021
Middle Income Housing Opportunity in Huntington Beach
City of Huntington Beach Page 1 of 1 Printed on 6/3012021
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Middle Income Housing Opportunity in
Huntington Beach
July 6, 2021, Study Session
ee 1
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January Strategic Planning Session
SupportivePermanent
Homeless Low Income Workforce
Shelter
Housing
a" <60%AMI <80%AMI >
80%an' - 120%AMI
I
COMMUNICATION
Meeting Date:
i
Agenda Nair No.: / (•?�-SoSI)
7/6/2021
What is Middle Income Housing financed with
Essential Government Bonds?
. . 7d ,
0 Rents
L:
Public Benefit Valuation
COST: BENEFIT:
Lost Low
Property Cost
Tax Per
Revenue Door
To
Achieve
Moderate
Income
Units
2
7/6/2021
Investment Opportunity to Create Public Equity
Higher Rate of
Return
Real Property
Asset
Excess Sales
Proceeds to
City
Steps to Move Forward
Adopt City Resolutions
Designate • • Hoc Committee •
make Recommendations for
Public Benefit Agreements
Execute Regulatory Agreements
3
7/6/2021
Partners
CMFA Catalyst Orrick
(Joint Powers Authority) (Asset Manager) (Band Counsel)
Ben Barker Jordan Moss Justin Cooper
Financial Advisor Founder Partner
Allison Arnold
Partnerships
CMFA C1
CATALYST
orrick
QUESTIONS?
4