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HomeMy WebLinkAboutCED Affordable Housing Funding Recommendation PPT2025 Affordable Housing Notice of Funding Availability Funding Recommendation San Rafael City Council June 23, 2025 City of San Rafael Affordable Housing Trust Fund “The funds in the housing in-lieu fee account… shall be used solely to increase and expand the supply of housing affordable to very low-, low- and moderate-income households.” Fund revenues •Affordable housing in-lieu fees from market-rate residential projects •Commercial linkage fees from commercial projects San Rafael City Council June 23, 2025 Process and Timeline December 2, 2024: City Council received informational report on the Notice of Funding Availability (NOFA) January 22, 2025: County of Marin issued NOFA, including $500,000 from the City of San Rafael Affordable Housing Trust Fund February 19, 2025: NOFA application period closed • Three (3) submissions totaling $950,000 in requests San Rafael City Council June 23, 2025 2025 Affordable Housing NOFA – Responses Received San Rafael City Council June 23, 2025 Process and Timeline Late-February thru March: City staff panel review April 1, 2025: City staff presented preliminary funding recommendations to the Housing and Homelessness Subcommittee, who provided feedback to staff April 25, 2025: Deadline for applicants to submit revised materials (optional) April 30, 2025: Panel met to finalize recommendations Mid-May 2025: Subcommittee and applicants notified via memo of updated funding recommendations San Rafael City Council June 23, 2025 Evaluation Criteria per City Council Resolution 14760 •Community Benefit •Development Team’s Capacity •Management Team’s Capacity •Readiness to Proceed •Leverage and Collaboration •Per Unit Subsidy San Rafael City Council June 23, 2025 Additional Considerations for Awarding Funding •Proximity to Transit •Family Housing •Deep Affordability •Supportive Housing •Contribution to Housing Supply San Rafael City Council June 23, 2025 2023-2031 Housing Element Goals •End and prevent homelessness in San Rafael. •Combat housing discrimination, eliminate racial bias, and undo historic patterns of segregation. •Ensure housing habitability and maintenance. •Meet housing needs through a variety of housing choices and affordability levels throughout the City. San Rafael City Council June 23, 2025 519 4th Street Sponsor: Abode Housing •New construction on City-owned property •56 units (mostly 1-bedrooms) for very low and extremely low income households •50% of units designated for formerly homeless individuals •Onsite supportive services San Rafael City Council June 23, 2025 Predevelopment Phase – Project Design resources would support the applicant to complete the Planning application and entitlement process. 519 4th Street San Rafael City Council June 23, 2025 Predevelopment Budget: $3,231,096 (included in Total Cost above) •Award contingent on Abode securing the remainder of the $600,000 needed to complete planning entitlement •City has a right to all reports, designs, and other materials generated during the project’s predevelopment phase 519 4th Street – Predevelopment Funding Sources San Rafael City Council June 23, 2025 455 Canal Street Sponsor: EAH •Rehabilitation of 28-unit apartment complex in the Canal neighborhood built in the 1970s •All units deed-restricted for households earning no more than 50% of Area Median Income •Mix of unit sizes including some units for larger families •Revised scope of work addresses immediate seismic, electrical safety, and waterproofing needs at the property San Rafael City Council June 23, 2025 455 Canal Street San Rafael City Council June 23, 2025 455 Canal Street San Rafael City Council June 23, 2025 158-166A Park Street Sponsor: Marin Foster Care •Acquisition of six 1-bedroom units restricted at 70% of Area Median Income, specifically for transition age youth (TAY) •Case management services through partner organization •No displacement of existing tenants •50% of units currently occupied by TAY; the rest will be occupied by TAY upon departure of existing tenants San Rafael City Council June 23, 2025 Award would help repay a bridge loan for acquisition that closed in January 2025 158-166A Park Street San Rafael City Council June 23, 2025 158-166A Park Street San Rafael City Council June 23, 2025 Recommended Funding – Affordable Housing In-Lieu Fee Fund San Rafael City Council June 23, 2025 City Council Options 1.Adopt the resolution. 2.Adopt the resolution with amendments. 3.Direct staff to provide additional information. 4.Take no action. San Rafael City Council June 23, 2025 San Rafael City Council June 23, 2025 Recommended Action Adopt a resolution authorizing: 1.The appropriation of $503,000 from the Affordable Housing In-Lieu Fee Fund (Fund #243), including $3,000 in administrative costs, for three 100% affordable housing projects in fulfillment of the Affordable Housing Trust Fund 2025 Notice of Funding Availability, and 2.The City Manager to execute all documents incidental to the funding. 20 2025 Affordable Housing Notice of Funding Availability Funding Recommendation San Rafael City Council June 23, 2025