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Home My WebLink AboutCD 2021 Affordable Housing NOFA Funding Recommendations PPT2021 Affordable Housing NOFA Funding Recommendation San Rafael City Council March 7, 2022 Background San Rafael City Council March 7, 2022 January 21, 2020: City Council Approval of Trust Fund Guidelines November 12, 2021: $2.5 million Notice of Funding Availability (NOFA) issued December 23, 2021: NOFA application period closed •Four (4) submissions totaling ~$4 million in requests City of San Rafael Affordable Housing Trust Fund San Rafael City Council March 7, 2022 Housing In-Lieu Fee Fund (#243) •Unencumbered balance: $3,588,147 Successor Agency Low/Moderate Fund (#295) •Balance: $861,169 2021 Affordable Housing NOFA –Considerations for Funding San Rafael City Council March 7, 2022 •Meets requirements provided in the Guidelines •Demonstrates site control or ability to achieve site control •Provides greatest return on City’s investment by maximizing number of affordable units created •Includes reasonable per unit City subsidy coupled with other funding sources •Contributes to meeting City’s goals for housing development and RHNA Other Local Funding San Rafael City Council March 7, 2022 Marin County Permanent Local Housing Allocation (PLHA) •Funds dispersed across the three (3) CDBG Planning Areas of San Rafael, Novato, and County Other, with the goal of funding a project in each area •PLHA funds are matched through the Marin County and City Affordable Housing Funds •Priorities include: Family Housing, Rental Housing, Homeowner Housing, Special Needs Housing, and Land trust in eastern Marin that provides home ownership opportunities, with specific inclusion for African Americans •Recommendations will be brought to the Council for consideration on March 21, 2022 2021 Affordable Housing NOFA –Responses Received San Rafael City Council March 7, 2022 1 The sponsor for the Belvedere St acquisition, Canal Alliance, is negotiating for site control and units for this project are not yet included in the total count. Canal Alliance anticipates the Belvedere St site will have between 25 and 35 units for a grand total of between 164 and 174 units. 3301 Kerner Boulevard San Rafael City Council March 7, 2022 Sponsor: Eden Housing •Adaptive reuse of office building •40 studio and 1-bedroom units of permanent supportive housing near services •Estimated start of construction: March 2023 •Estimated completion: March 2024 3301 Kerner Boulevard San Rafael City Council March 7, 2022 *Funding recommendation includes support for the Eden Housing application to the County of Marin PLHA fund for the 3301 Kerner project 3301 Kerner Boulevard San Rafael City Council March 7, 2022 Belvedere Street San Rafael City Council March 7, 2022 Sponsor: Canal Alliance •Acquisition/rehabilitation of existing apartment complex to preserve affordable housing and prevent displacement •25-35 units, ultimately restricted to average building AMI of 60% •Currently in negotiations for control of a multi-family site Belvedere Street San Rafael City Council March 7, 2022 *Funding recommendation includes support for the Canal Alliance application to the County of Marin PLHA fund for the Belvedere Street project Belvedere Street San Rafael City Council March 7, 2022 999 Third Street San Rafael City Council March 7, 2022 Sponsor: Eden Housing •New construction of 66 one-bedroom and studio units for older adults + one manager’s unit •Project-based vouchers through MHA •Services on bottom floors through Healthy Aging Campus operated by Vivalon •Estimated start of construction: April 2022 •Estimated completion: November 2023 999 Third Street San Rafael City Council March 7, 2022 999 Third Street San Rafael City Council March 7, 2022 190 Mill Street –“Mill Street Center” San Rafael City Council March 7, 2022 •New construction •32 single-room occupancy (SRO) units of permanent supportive housing •Construction underway •Anticipated completion: Fall 2022 Sponsor: Homeward Bound 190 Mill Street San Rafael City Council March 7, 2022 190 Mill Street San Rafael City Council March 7, 2022 Recommended Funding –Affordable Housing In-Lieu Fee Fund (#243) San Rafael City Council March 7, 2022 City Council Options San Rafael City Council March 7, 2022 1.Adopt the resolution 2.Adopt a modified resolution 3.Direct staff to provide additional information 4.Take no action Recommendation Adopt a resolution authorizing: 1.The expenditure of $1,750,000 in funds from the Affordable Housing In-Lieu Fee Fund (Fund #243) and $850,000 from the Low / Moderate Fund (Fund #495) and funds from each account to complete all documents associated with funding the loans for four 100% affordable housing projects in fulfillment of the Affordable Housing Trust Fund 2021 NOFA, 2.Supporting the award of funding from the County of Marin for Permanent Local Housing Allocation (PLHA) Funds to the projects that receive funding from the City and have applied for the County PLHA funds, and 3.Authorizing the City Manager to execute all documents incident to issuing the funds, in a form approved by the City Attorney. San Rafael City Council March 7, 2022 21 2021 Affordable Housing NOFA Funding Recommendation San Rafael City Council March 7, 2022