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PRESENT DIRECTOR SCIENCE PRESENT.
DIRECTOR SIDES, WOULD YOU BE WILLING TO LEAD US IN THE FLAG? SURE.
ALLEGIANCE OF THE UNITED STATES OF AMERICA.
CONSIDER REPUBLIC STANDS ONE NATION UNDER GOD, INDIVISIBLE OF LIBERTY.
SO CHRISTOPHER IS OUT WITH THE FLU TODAY, SO I'M GONNA GIVE HIS REPORT.
IT'S JUST TOO, UM, SMALL BUT FUN THINGS.
THE FIRST IS THAT YOU'LL BE GETTING AN EMAIL SOON FROM MONICA TO ORGANIZE THE HOLIDAY DINNER AGAIN THIS YEAR.
WHICH WORKS? WE ARE TARGETING, UM, JANUARY PROBABLY.
IT JUST SEEMS A LOT EASIER FOR EVERYONE AND A LOT OF THE BOARDS LIKE COMMISSION STARTED BEING IN THAT DIRECTION.
SO YOU'LL GET A, UH, WE'RE WAITING ON CHRISTOPHER'S SCHEDULE AND THEN YOU'LL GET A CHOICE OF TWO OR THREE DATES THAT HOPEFULLY WORKS SO WE CAN GET THE WHOLE GROUP TOGETHER.
'CAUSE IT SURE WAS FUN LAST YEAR FOR US.
AND THEN THE OTHER THING IS WE WANTED TO EXTEND THE OPPORTUNITY FOR THE WHOLE BOARD TO GO ON A FLOAT FOR THE MLK DAY PARADE, WHICH IS THE SATURDAY BEFORE MLK DAY.
IT'S ON JANUARY 13TH AND KICKED OFF IS AT 10 O'CLOCK.
WE ACTUALLY, MARGARET CAN TELL YOU MORE ABOUT IT, BUT WE HAVE A TRUCK AND A FLATBED TRUCK THAT WE HAVE DECORATED IN THE PAST THAT WE HAVE OUR SIGNAGE AND IT'S JUST A GOOD WAY TO PROMOTE OUR NAME.
AND THEN THE DEPARTMENT WILL HAVE A TABLE AFTERWARDS WITH INFORMATION AND STAFF WILL BE THERE AND THE BOARD CAN ALSO JOIN THAT AND SEE WHAT KIND OF QUESTIONS OR COMMENTS WE GET FROM PEOPLE AS WELL.
SO WE DEFINITELY WANNA GAUGE SOME INTEREST AND WE CAN, YOU CAN THINK ABOUT IT AND WE CAN SEND OUT AN EMAIL AS WELL AS FOLLOW UP, BUT WANNA GAUGE INTEREST BEFORE WE START PUTTING TOGETHER THE VOTE.
WOULD YOU LIKE TO SEE THE MOTION ON SILENT? THAT OKAY.
UM, ON'S REPORT? YES, HE DOES ADD TO THE REGULAR AGENDA.
WE A MOTION FOR EVIDENCE REPORT.
BUT, SO IT'S A MOTION TO FILE THE PRESIDENT'S REPORT.
AND THEN TAKE CHAIRWOMAN CASTRO.
IS THAT TODAY? DIRECTOR
WE WILL RECEIVE FOLLOW ITEMS THERE.
A MOTION TO RECEIVE AND FILE MINUTES TO THE ALLOW MEETING.
DO WE HAVE A SECOND? I'LL SECOND.
DIRECTOR AMERICAN, CAN YOU HAVE A VOTE PLEASE? THANK YOU.
YOU WERE NOT THERE THAT MEETING THE CALL? DID YOU REVIEW THE DETAILS THEN YOU CAN VOTE ON THE ITEM ALSO.
MADAM SECRETARY, WOULD YOU PLEASE READ THE FIRST ITEM? THANK YOU.
RECOMMENDATION TO AUTHORIZE THE PRESIDENTIAL DESIGNEE TO NEGOTIATE AND ENTER INTO THIS, THIS POSITION AND DEVELOPMENT AGREEMENT FOR CONVEYANCE.
4 1 5 1 EAST MOUNTAIN STREET TO LINK HOUSING CORPORATION AND A PROOFING LOAN IN THE AMOUNT OF 5,900,002 LINK HOUSING CORPORATION TO PROVIDE GAP FINANCING FOR THE DEVELOPMENT OF 4 1 5 1 EAST FOUNTAIN STREET AND 4 2 2 0 FORLEY COURT AND AUTHORIZE THE PRESIDENT FOR DESIGNEE TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO IMPLEMENT THE DISPOSITION AND DEVELOPMENT AND LOAN AGREEMENT.
VICE PRESIDENT SWANSON, GIVING THE STAFF REPORT.
BELIEVE A POWERPOINT I THIS ITEM IS AUTHORIZATION TO ENTER INTO DISPOSITION AND DEVELOPMENT AGREEMENT AND LOAN AGREEMENT WITH LINK HOUSING CORPORATION FOR THE DEVELOPMENT OF 4 1 5 ON EAST FOUNTAIN STREET AND 42 20
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WORLD 14.PREVIOUS AND RELATED LCIC APPROVED ACTIONS IN JANUARY OF 2022, THE LOAN BEACH COMMITTEE INVESTMENT COMPANY APPROVED A LOAN TO THE HOUSING CORPORATION IN THE AMOUNT OF $1.6 MILLION FOR THE ACQUISITION 42 20 WORLD REPORT IN AUGUST OF 22.
THE L-B-C-S-C ENTERED AUTHORIZED AN EXCLUSIVE NEGOTIATING AGREEMENT WITH LINK FOR THE PURCHASE AND DEVELOPMENT OF L-B-C-S-C OWNED PROPERTY AT 41 51 FOUNTAIN STREET.
AND IN JUNE OF THIS YEAR, THE L-B-C-S-C APPROVED AN EXTENSION TO THE TERM OF THE EA THROUGH MARCH 19TH, 2024.
THE PROPOSED PROJECT DETAILS, THERE'S A SITE MAP, UM, AT THE TOP RIGHT PORTION DELINEATED BY THE RED LINE IS THE WORLEY PORT.
THE LARGE, UM, RECTANGULAR SECTION IS THE FOUNTAIN SITE PROPERTY.
UM, IT'S GONNA BE GONNA BE NEW CONSTRUCTION OF AFFORDABLE RENTAL HOUSING DEVELOPMENTS AND THEY'LL ALSO BE MERGED.
THE PROJECT WILL PROVIDE 72 AFFORDABLE UNITS FOR FAMILIES EARNING UP TO 80% OF AREA MEETING INCOME WITH 25% OF THE UNITS RESERVED FOR SPECIAL NEEDS POPULATION.
THE 73 UNITS INCLUDES A MANAGER'S UNIT, 36 1 BEDROOM UNITS, 16 TWO BEDROOM UNITS AND 21 3 BEDROOM UNITS.
THE AFFORDABILITY WILL BE 22 UNITS FOR EXTREMELY LOW INCOME HOUSEHOLDS.
14 UNITS FOR VERY LOW INCOME HOUSEHOLDS, 36 UNITS FOR LOW INCOME HOUSEHOLDS AND AN UNRESTRICTED MANAGER'S UNIT.
THE TOTAL DEVELOPMENT COST IS ESTIMATED AT 58 20 $7 MILLION.
THIS IS A PROJECT RENDERING, THIS IS LOOKING BASICALLY SOUTHEAST.
UM, THE AMENITIES WILL INCLUDE 65 PARKING SPACES, OUTDOOR COMMON AREAS WITH DECK AND LOUNGE FURNITURE, BARBECUE WITH TABLES AND SHARES.
TWO SHARED OF LAUNDRY ROOMS, A KIDS PLAY AREA AND A DOG ROOM AND PROJECT UPDATES.
SINCE THE EXECUTION OF THE NEGOTIATING AGREEMENT, THE PROJECT HAS RECEIVED AN AWARD OF 18 SECTION EIGHT PROJECT-BASED VOUCHERS FROM THE HOUSING AUTHORITY AT THE CITY OF LONG BEACH.
LINK HAS SUBMITTED AN APPLICATION TO THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR UP TO $22 MILLION IN CONSTRUCTION FUNDS.
AND THE PROJECT HAS RECEIVED SITE PLAN, REVIEW, APPROVAL, AND ENTITLEMENTS.
THE NEXT STEPS, IF A CD FUNDS ARE AWARDED, WHICH SHOULD BE ANNOUNCED NEXT MONTH, LINK WILL APPLY FOR LOW INCOME TAX CREDITS IN EARLY 2024.
RECOMMENDATION TODAY, AUTHORIZATION TO ENTER INTO THE DISPOSITION AND DEVELOPMENT AGREEMENT AND LOAN AGREEMENT WITH LINK AS A CORPORATION FOR THEIR DEVELOPMENT OF 4 1 5 1 EAST FOUNTAIN AND 42 20 WORLD COURT WILL ALLOW FOR THE FOLLOWING ACTIONS, WILL ENABLE THE DISPOSITION OF L-V-C-I-C OWNED PROPERTY AT 41 51 FOUNTAIN STREET TO LINK TO BE MERGED WITH LINKED OWNED PROPERTY AT 42 20 ROYAL COURT AND WILL APPROVE A LOAN AND THE AMOUNT OF $5.9 MILLION TO PROVIDE GA FINANCING FOR THE DEVELOPMENT OF THE PROJECT.
AND THIS CONCLUDES MY PRESENTATION, BUT IF ANYBODY HAS ANY QUESTIONS, DOES THE BOARD HAVE ANY QUESTIONS OF THE STAFF? I I, I DO.
AND I UNDERSTAND MY IMPORTANT MEMORY.
COULD YOU DESCRIBE AGAIN WHAT RESIDUAL RECEIPTS NOTES MEANS? YES.
SO BASICALLY THERE'S NO REGULAR PAYMENTS OF PRINCIPAL OR INTEREST, BUT EACH MONTH WHAT WOULD BE CONSIDERED THE PROFIT GETS SPLIT AND 50% OF THAT IS THE RESIDUAL RECEIPT.
50 BACK EACH MONTH IF THERE IS
IN SHORT, THEY ONLY PAY IF THERE'S LEFTOVER MONEY.
AND MANY TIMES WE GO MANY YEARS WITHOUT PAYMENT.
AT THE END OF 55 YEARS, WE WILL BE FULLY REPAID AT THAT TIME, IF NOT BEFORE, WON'T THEY BE PAID OR WE'LL FORGIVE? WE DON'T, WE DON'T FORGIVE ANY LOANS EVER.
AT THE END OF 55 YEARS, EVENTUALLY THEY'RE GOING TO REPAY THE LOAN EVEN IF IT MEANS REFINANCING.
AND BASICALLY THE 5 55 YEARS ESSENTIALLY THE PROJECT WOULD PROBABLY BE DEMOLISHED AND STARTED OVER.
BUT AT SOME POINT WE GET REPAID.
GAP, A GAP IS THE DIFFERENCE BETWEEN WHAT WE BELIEVE IN OUR FINANCIAL ANALYSIS BELIEVES WE CAN GET FEDERAL, STATE AND COUNTY FUNDS FOR AND THE AMOUNT TO DEVELOP.
SO IF THE DEVELOPMENT COSTS ARE 80 MILLION AND IT, WE KNOW THAT WE CAN GET TAX CREDITS AND, UM, HCD FINANCING STATE FOR, UM, 76 MILLION, THEN THE GAP IS THERE FOR UH, SIX.
I THINK I DID MY, BUT IT'S BASICALLY THE LEFTOVER.
UM, AND IT'S IMPORTANT THAT WE ARE FIRST IN TO FILL THE ANTICIPATED GAP, BE WE'RE FIRST IN, SO THAT THEY CAN USE THAT LEVERAGE AND THAT COMMITMENT FROM THE LOCAL, UM, MUNICIPALITY TO GET FINANCING.
IF THEY DON'T HAVE LOCAL COMMITMENTS, THEY'RE NOT COMPETITIVE.
SO IT'S AN ODD THING THAT WE'RE FILLING THE GAP AT THE END, BUT WE NEED TO BE FIRST.
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AND WE HAVE COME BACK BEFORE IF IT CHANGES.THE ECONOMIC ENVIRONMENT'S ALWAYS CHANGING.
AND SO WE, OUR BOARD HAS DEFINITELY SEEN US COME BACK TO ADD MONEY TO IT.
UM, IF IT'S LESS, IF FOR SOME REASON WE HAVE TO SUBSIDIZE MY LESS, THEN WE DON'T COME BACK BECAUSE IT FALLS UNDER THE AUTHORIZED AMOUNT.
BUT IF IT'S MORE, THEN YOU'LL SEE US AGAIN AND A WHOLE BUNCH OF REASONS BY, IF THE GAP IS MISCALCULATED, DO SOME OF THE OTHER FUNDERS STEP UP LIKE MORE THAN WHAT WE HAD INITIALLY ANTICIPATED? SOMETIMES WE HAVE THAT INSTANCE RECENTLY ON A PROJECT.
IT'S 26.2, IT'S OVER TOWARDS EAST LONG BEACH, WHICH WAS GREAT.
AND WE HAD MOSTLY BECAUSE OF ABANDONED WELLS ON THE SITE THAT WERE MUCH MORE EXPENSIVE TO TAKE CARE OF THAN WE THOUGHT.
THERE WAS A SHORTFALL OF OVER A MILLION DOLLARS.
AND THAT WAS A, A TEAM EFFORT.
THE COUNTY ADDED SOME FUNDS AND THEN THE DEVELOPER FINDS SOME OTHER SAVINGS AND THEN WE CAME IN WITH A HALF A MILLION.
SO IT'S A TEAM EFFORT USUALLY, BUT OFTENTIMES WE'RE THE LOWEST ON THE TOTEM POLE.
THE FEDS DEFINITELY AREN'T GONNA COME INTO STATE.
PROBABLY NOT, BUT MAYBE THE COUNTY AND THE COUNTY IS PARTNERING ON MORE DEALS WITH US THESE DAYS.
ANY OTHER QUESTIONS? QUESTION? YOU TALKED ABOUT 80% OF UH, WHAT CONSIDERED LONG INCOME INCOME.
THAT'S LIKE A SLIGHTING SCALE.
BUT ADDITIVE, THEY DON'T NEED THAT.
ARE THOSE UNITS OFFERED FOR MARKET RATE? I DON'T, WHAT? I'M NOT SURE WHAT TO SAY.
SAYS THERE ARE 80 PREMIUMS 70, 74, 72 AND THE BREAKDOWN IS X AMOUNT FOUR, SORRY, 22 FOR EXTREMELY LOW, 14TH AND VERY LOW, 36 FOOT LOW ONE FOR MANAGER.
WHAT HAPPENS IF WE DON'T, YOU CAN'T FILL THE UNITS? WE DO.
THERE'S ALWAYS A WAIT LIST FOR WITH THE VOUCHERS.
FOR THE VOUCHERS, THEY WILL ALWAYS BE FULL.
'CAUSE THERE'S A WAIT LIST OF 20 PLUS THOUSAND PEOPLE.
BUT ALSO FOR THE, WHAT WE CALL GENERAL AFFORDABLE, BUT NON VOUCHER UNITS, WE ON AVERAGE HAVE 300 TO A THOUSAND, UM, PEOPLE ON A WAIT LIST FOR EVERY DOZEN UNITS WE HAVE.
THEY, THEY ARE ALWAYS FULL
WE HAVE, I THINK I'M NOT, WAS THE, THE LAST PROJECT WE HAVE UNDER LEASE UP IT'S WELLSPRING, UH, THE BRIDGE PROJECT.
WE HAVE OVER 5,000 PEOPLE ON THE WAIT LIST FOR LESS THAN A HUNDRED UNITS.
UH, I'VE NEVER EXPERIENCED A TIME WHERE WE HAVEN'T, WE HAD A LEASE UP ISSUE.
THANKS FOR ANSWERING THAT QUESTION.
YEAH, I DON'T HAVE A QUESTION.
I DON'T THINK IT, THIS CLIP, YOU'RE NEVER GOING FILL THAT NEED FOR ALL THOSE
UH, I THINK WE JUST KEEP, WE KEEP APPLYING FOR MORE FUNDING SOURCES, UM, AND WE DO WHAT WE CAN.
ANY OTHER QUESTIONS? SO ALONG THAT LINE, ONE PERSON IN ISSUED A VOUCHER, IS IT TO A SPECIFIC SIZE OF A UNIT? IS IT TO A ONE BEDROOM OR THREE BEDROOM? OR ARE THEY RESTRICTED TO THE SIZE THEY CAN USE? DEPENDS ON THEIR FAMILY SIZE.
SO FAMILY SIZE AND I'M NOT SURE, I THINK IT'S TWO PER BEDROOM PLUS ONE.
SO IF IT'S A THREE PERSON HOUSEHOLD, FOR INSTANCE, THEY WOULD HAVE A BEDROOM.
UM, THEY WOULD GET A TWO, THAT TWO BEDROOM VOUCHER.
SO IS THERE DATA THAT EXISTS THAT SHOWS US THE BREAKDOWN OF THE WAIT LIST SO THAT WE CAN KNOW THAT WE'RE APPROVING PROJECTS THAT ARE PROPORTIONATELY MIXED TO FILL THE NEED? BECAUSE EVERY TIME THESE COME UP, WE ALWAYS SEE LESS THREE BEDROOM, LESS TWO BEDROOM.
AND IF WE HAVE A LOT OF FAMILIES THAT NEED THOSE LARGER UNITS, EVEN THOUGH THEY'RE STUCK WITH A VOUCHER AND THEY'RE ON A WAIT LIST, IT'S JUST NOT AVAILABLE TO THEM.
SO DO WE NEED TO MAKE, YOU KNOW, MAKE IT A PRIORITY TO HAVE MORE UNITS THAT ARE LARGER SIZE? RIGHT.
BUT YOU ALSO HAVE A, A FACTOR THAT IS NOT BEING CONSIDERED AS GENERATIONAL LIVING CONDITIONS.
SO YOU MIGHT HAVE A A, A SON OR DAUGHTER THAT IT HAS A VOUCHER AND ONCE THEY GIVE A THREE BEDROOM, THEN THEY BRING IN THEIR PARENT TO LIVE WITH THEM AND THEY HAVE THEIR CHILDREN.
BUT YOU'RE TAKING CARE OF THREE GENERATIONS IN ONE UNIT INSTEAD OF THE SENIOR HAVING TO GET THEIR OWN SINGLE UNIT AND THE FAMILY GETTING
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A TWO BEDROOM UNIT.SO IT JUST MIGHT BE SOMETHING FOR US TO, TO THINK OF THE WAY THAT PEOPLE ARE ACTUALLY USING LARGER UNITS.
IT MIGHT NOT JUST BE ONE FAMILY ONE, YOU MIGHT BE ABLE TO COVER MORE OF THE NEED OF WHAT'S ON THE WAIT LIST IF YOU HAVE MORE AVAILABILITY FOR LARGER UNITS THAT COULD HAVE THE MINDSET TOWARDS GENERATIONAL LIVING.
BECAUSE AS WE HAVE MORE OF AN AGING POPULATION, AND THESE ARE FAMILIES THAT ARE NOT GOING TO BE ABLE TO AFFORD HAVING THEIR PARENTS GOING TO SENIOR LIVING COMMUNITIES THAT ARE MARKET RATE.
SO THAT MIGHT BE SOMETHING THAT IS HAVING THE BACK OF YOUR MIND THAT NOT JUST THINKING OF ONE FAMILY.
AND I, AND I KNOW TOO FROM EXPERIENCE WITH WORKING WITH THE HOUSING AUTHORITY THAT OFTENTIMES WHEN ONE FAMILY MEMBER DOES A CURE A UNIT, THEY DO BRING OTHER FAMILY MEMBERS IN OUT OF NECESSITY.
SO, UM, YOU KNOW, I I DON'T KNOW WHAT GOES INTO THE THOUGHT PROCESS OR THE UNIT MIX WHEN THE DEVELOPMENT IS BEING DESIGNED, BUT I ALWAYS SEE A HEAVY END DOWNWARD SINGLE UNITS.
AND SO I, I JUST UH, WOULD LIKE FOR US TO TRY TO THINK OF HOW WE CAN GET MORE PEOPLE OFF THE LIST AND TO SECURE HOUSING AND SAY, DO WE HAVE A DEVELOPER REPRESENTED HERE THAT WOULD BE OPEN TO ANY QUESTIONS? NO, NOT FOR THIS ONE.
I DIDN'T ASK THEM TO COME FOR THIS ONE BECAUSE WE HAD THEM COME FOR THE EXCLUSIVE NEGOTIATING PERIOD WHEN WE FIRST SELECTED THEM.
SINCE THEY WERE PREVIOUSLY SELECTED, I DIDN'T ASK THEM TO COME BACK.
AND IS THERE ANY PUBLIC COMMENT ON THIS ITEM? IS THERE ANY DELIBERATION FROM THE BOARD ABOUT THIS ITEM? I, UH, DO WE HAVE A MOTION TO MOVE THIS BOARD? MOTION? WE HAVE A SECOND.
PLEASE CALL VOTES CHAIR MCC CASTRO.
MS. BRIEF, THE NEXT SEVEN RECOMMENDATION TO APPROVE THE SEC SELECTION OF CENTURY AFFORDABLE DEVELOPMENT FEE FOR AN AWARD UP TO 5 MILLION I PERMANENT LOCAL HOUSING ALLOCATION AND OR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS.
AND AUTHORIZE THE PRECEDENT FOR DESIGNATE TO ENTER INTO AN AGREEMENT.
AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH CENTURY AFFORDABLE DEVELOPMENT FEE FOR THE DEVELOPMENT OF A NEW AFFORDABLE RENTAL.
GOOD AFTERNOON POWERPOINT PLEASE.
$5 MILLION IN FUNDING AND AUTHORIZATION TO EXECUTE AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH CENTURY AFFORDABLE DEVELOPMENT FOR NEW CONSTRUCTION OF AFFORDABLE HOUSING UNITS.
UH, THE NOTICE OF FUNDING AVAILABILITY WAS RELEASED JULY 17TH, 2023 WAS FOR $12.7 MILLION AND INCLUDED THE FOLLOWING FUNDING SOURCE OF AN ANNOUNCED $10 MILLION IN PERMANENT LOCAL HOUSING ALLOCATION FUNDS, $2 MILLION IN COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS AND 700,000 IN COMMUNITY HOUSING DEVELOPMENT.
ORGANIZATION FUNDS ELIGIBLE USES INCLUDED THE DEVELOPMENT IN NEW OF NEW AFFORDABLE HOUSING UNITS ACQUISITION AND BOARD OF REHABILITATION OF EXISTING UNRESTRICTED UNITS.
BY THE SEPTEMBER 18 DUE DATE, WE RECEIVED SIX PROPOSALS.
ONE FROM PINE AVENUE RESIDENTIAL FOR NEW CONSTRUCTION OF 70 RENTAL UNITS FOR FAMILIES.
ONE FROM SECOND SIMONE CONGREGATIONAL CHURCH FOR ACQUISITION CONVERSION OF TRAVEL LODGE MOTEL INTO 64 UNITS.
WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION FOR NEW CONSTRUCTION OF 100 RENTAL UNITS FOR FAMILIES.
NEW PHILLY FAMILY HOUSING THAT WE HAVE.
AND ADAPTIVE REUSE OF A VACANT CHURCH BUILDING INTO NINE UNITS.
CENTURY AFFORDABLE DEVELOPMENT UPTOWN ACRES, ONE ACRES PHASE ONE FOR NEW CONSTRUCTION OF 109 UNITS FOR FAMILIES AND PERSONS EXPERIENCING HOMELESSNESS.
AND A SECOND PROPOSAL FROM CENTURY AFFORDABLE DEVELOPMENT FOR 14TH AND LONG BEACH BOULEVARD.
NEW CONSTRUCTION OF 153 UNITS FOR FAMILIES.
IT'S ON THE CORNER OF 14TH AND LONG BEACH BOULEVARD.
SITE IS 1401 LONG BEACH BOULEVARD.
IT'S GONNA BE 100% AFFORDABLE FAMILY RENTAL HOUSING PROJECT SERVING HOUSEHOLD EARNING BETWEEN 30% AND 60% AREA MEDIAN INCOME.
IT'LL BE 74 1 BEDROOM UNITS, 42 BEDROOM UNITS.
THREE BEDROOM UNITS FOR 153 TOTAL.
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30 UNITS WILL WE RESERVE FOR SPECIAL NEEDS? IT'LL BE A SIX STORY BUILDING AND THEN WE'LL INCLUDE TWO COURTYARDS, PLAY STRUCTURE, BARBECUE AREA, COMMUNITY ROOM, FITNESS AND YOGA ROOM AND BIKE STORAGE PLUS 82 PARKING ZONES.THE FINANCIAL OVERVIEW FOR THIS PROJECT, THE TOTAL DEVELOPMENT COST IS ESTIMATED AT $84 MILLION.
AND THEIR FUNDING SOURCES CONTRIBUTING TO THE PROJECT INCLUDED 4% LOW INCOME HOUSING TAX CREDITS, ESTIMATED AT 43.7 MILLION.
AN INFILL INFRASTRUCTURE GRANT FOR 10 MILLION AFFORDABLE HOUSING SUSTAINABLE COMMUNITIES, UH, FOR 16.6 MILLION AND PERMANENT DEBT OF 80.4 MILLION.
AND THEY'RE ALSO EXPECTING 30 SPECIAL NEEDS VOUCHER.
SUB SPEED TIMELINE FOR THIS PROJECT IS, UM, THEY EXPECT APPLIED FOR ENTITLEMENTS IN DECEMBER OF 2023.
APPLIED FOR AIC FUNDS IN MARCH OF 2024.
SECURE ENTITLEMENTS IN JUNE OF 24, AND THEN APPLIED FOR IIG FUNDS IN JULY OF 24.
SECURED THE AIC AWARD IN AUGUST OF 24 AND SECURE THE IIG AWARD IN DECEMBER 24.
TAX CREDITS SHOULD BE AWARDED IN JUNE 25.
LOAN CLOSING AND CONSTRUCTION WILL START IN DECEMBER OF 2025.
THE RECOMMENDATION TODAY IS TO AWARD UP TO $500 IN FUNDING AND AUTHORIZE THE PRESIDENT OR DESIGNEE TO EXECUTE AN AGREEMENT TO MAKE HER TO EXCLUSIVELY WITH CENTURY AFFORDABLE DEVELOPMENT FOR THE NEW CONSTRUCTION OF AFFORDABLE HOUSING UNITS.
THIS CONCLUDES MY PRESENTATION AND WE DO HAVE, WE HAVE HAVE WITH US TODAY, UM, JORDAN JOHNSON FROM CENTURY AFFORDABLE.
WOULD YOU LIKE TO ADJUST CARDS? UM, THANK YOU.
UH, FIRST I WANNA THANK, UH, THE BOARD FOR, UM, SELECTING CENTURY TO MOVE FORWARD WITH THIS MUCH NEEDED PROJECT.
UM, AS WELL AS MEGAN AND CHRISTOPHER AND THE CITY STAFF ARE THOROUGHLY REVIEWING ALL THE, UM, APPLICATIONS AND THE WORK THAT THE CITY STAFF, UH, TYPICALLY DOES THAT, UH, DOESN'T GET SEEN.
UM, WE'RE VERY EXCITED ABOUT THIS OPPORTUNITY IN THIS PRIME LOCATION, VERY CLOSE TO DOWNTOWN TO PUT 153 MUCH NEEDED UNITS.
UM, WE RECENTLY PURCHASED THIS SITE FROM ANOTHER DEVELOPER THAT WAS, UM, UNWINDING THEIR OPERATIONS.
THE SITE WAS, UM, ENTITLED, BUT IT HAD, UM, A LOT OF ONE BEDROOM UNITS AND, UH, WE'RE RE ENTITLING IT, UM, TO HAVE, UH, AT LEAST 25%, TWO BEDROOMS AND 25% THREE BEDROOMS TO, UM, ACCOUNT FOR THE MANY FAMILIES AND IN THE COMMUNITY THAT NEED AFFORD BLA.
SO, UM, WE ESSENTIALLY LOOK FORWARD TO WORKING WITH THE CITY ON ANOTHER, UM, IMPACTFUL, UH,
THANK YOU FOR BEING HERE TODAY.
ARE THERE ANY QUESTIONS FOR STAFF FOR THE DEVELOPER? I QUESTION? YES, SIR.
DO YOU USE UNIONIZED LABOR DURING CONSTRUCTION OR IS IT ALL PRIVATE? UM, SO IT, IT'S NOT UNION, HOWEVER, UM, WITH THE FINANCING THAT WILL BE IN PLACE, IT REQUIRES, UM, PREVAILING WAGES AND THIS ONE WILL LIKELY REQUIRE BOTH, UM, CALIFORNIA, UM, RESIDENTIAL PREVAILING WAGE AS WELL AS DAVIS BACON.
WHAT, WHAT QUALIFIES AN INDIVIDUAL FOR A SPECIAL NEEDS VOUCHER? UM, SO THERE'S A, A VARIETY OF DIFFERENT, UM, TYPES OF VOUCHERS.
SO SOMETIMES IT'S FOR INDIVIDUALS THAT HAVE, UM, DEVELOPMENTAL DISABILITIES, UM, THAT HAVE SOME THAT HAVE PHYSICAL DISABILITIES THAT, UM, THAT PREVENT THEM FROM WORKING.
UM, THERE ARE OTHER VOUCHERS FOR INDIVIDUALS THAT HAVE HIV OR AIDS.
THERE'S, UH, SOMETIMES THERE ARE VOUCHERS THAT ARE, THEY MIGHT NOT NECESSARILY COUNT AS SPECIAL NEEDS, BUT, UM, FOR VICTIMS OF DOMESTIC VIOLENCE, THERE'S A LOT OF DIFFERENT TYPES OF POUCH.
SPECIAL NEEDS ARE MOSTLY FOR THE DISABILITIES.
AND WHO AND WHERE, WHERE DOES THE, UM, WHO MAKES THAT DETERMINATION IN THE APPLICATION PROCESS DETERMINATION OF THAT YOU QUALIFY FOR A SPECIAL NEEDS VOUCHER? OR, OR DO THEY ADVERTISE THAT THEY SAY, OH, WE'RE GONNA HAVE X NUMBER OF BLIND OR PHYSICAL ORATIONS? SO I'LL ANSWER THAT GENERALLY.
UM, THE HOUSING AUTHORITY ONLY, UM, DISTINGUISHES BETWEEN A CALL A TYPICAL, A NORMAL VOUCHER AND A SPECIAL NEEDS VOUCHER IF THEY'RE HOMELESS.
SO THAT IS A SPECIAL NEEDS CATEGORY.
AND IN THAT, UM, CASE, THOSE ARE DIFFERENTIATED BECAUSE THE RESIDENTS CAN ONLY COME THROUGH THE REFERRAL PROCESS.
THEY HAVE TO COME THROUGH OUR HOMELESS SERVICES OPERATIONS WITHIN THE CITY OF LONG BEACH.
IF THEY, UM, HAVE DEVELOPMENTAL DISABILITIES, THEY, THEY'RE
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BASICALLY A REGULAR VOUCHER.UM, IT'S JUST FOR THE FUNDING SOURCES OUTSIDE OF THE HOUSING AUTHORITY.
THEY GET POINTS FOR SERVING A SPECIAL NEEDS POPULATION.
BUT A VOUCHER'S A VOUCHER REGARDLESS OF THE SPECIAL NEEDS, UM, OUTSIDE OF HOMELESSNESS BECAUSE THAT'S WHERE ALL THE FUNDING IS COMING THROUGH.
AND LIKE I SAID, FOR HOUSING AUTHORITY AFFECTS THEM BECAUSE IT AFFECTS HOW THEY'RE LEASING UP.
THEY CAN'T PULL FROM THEIR WAIT LIST, THEY'RE PULLING FROM OUR CONTINUUM OF CARE.
SO WHEN WE SEE SPECIAL NEEDS, IT COULD HAVE SAID HOMELESS OPTION? YES.
BUT IT'S, IT'S ALSO IN OUR, UM, PACKET THERE, THERE IS LANGUAGE IN THERE THAT TALKS ABOUT PROFESSIONAL NEEDS.
SO IT'S ABOUT, IT CAN BE, LIKE HE SAID, UM, DOMESTIC VIOLENCE.
IT CAN BE ABOUT SEX TRAFFICKING SURVIVORS.
AND THERE'S A COUPLE OF DIFFERENT THINGS THAT ARE LAID OUT.
YOU CAN FIND IT IN THE, AND AT THE TIME OF AN DNA, WE'RE REALLY STILL FIGURING THAT OUT, HONESTLY.
UM, WE ARE EXPLORING, UM, USING, UM,
UM, AND SO WE'RE GOING THROUGH THE PROCESS OF TRYING TO GET THAT ALLOCATION.
AND IF SO, THEN WE'LL BE SERVING THAT POPULATION AND IF NOT, MAYBE UM, MORE OF A FORMALLY HOMELESS POPULATION.
UH, WHAT DESIGN PHASE IS THE PROJECT MEAN DESIGN PHASE? SO THE, THE PROJECT WAS TAUGHT BY THE PREVIOUS DEVELOPER, BUT WE'RE STARTING, I DON'T WANNA SAY FROM SCRATCH, BUT WE'RE STARTING OVER TO MAKE IT, UH, MORE EFFICIENT AND ALSO HAVE THE LARGER UNITS.
SO WE'RE, UM, IN THE PROCESS OF, UH, PREPARING OUR ENTITLEMENT PLANTS SUBMISSION.
BUT LIKE, FOR EXAMPLE, THE QUESTION YOU SHOULD EXPLAINED ABOUT UNIT DISTRIBUTION, THAT'S THAT LIKE YOU'RE NOT
AND WE ALWAYS AIMED FOR MORE LARGER UNITS.
UM, THAT'S ONE OF THE REASONS WE PREFERENCE FAMILY, UM, PROJECTS.
AND WE CALL 'EM FAMILY, BUT FAMILY JUST MEANS ANYTHING THAT'S NOT RESTRICTED TO SENIOR OR HOMELESS OR MENTALLY DISABLED.
AND, UM, TO YOUR, TO YOUR POINT, WE DEFINITELY, YOU KNOW, IT'S A FINER, IT'S A FINER OF ECONOMICALLY AND ALSO WITH DEAL WITH THE PLANNING BUREAU OF WHAT WE CAN FIT ON A SITE AND THEN WHAT CAN GET FINANCED.
UM, BUT WE'RE DEFINITELY PUSHING TOWARDS THAT.
AND EVEN WITH SENIOR, UM, HOUSING AUTHORITY HAS MADE IT VERY CLEAR TOO, THEY WANT MORE TWO BEDROOMS EVEN FOR THEIR SENIOR POPULATION OR CARETAKERS WHERE CHILDREN WHO MIGHT BE THEIR CARETAKERS.
UM, SO IT'S DEFINITELY SOMETHING WE AIM FOR, BUT AGAIN, IT'S, IT'S A BALANCE OF MORE VERSUS BIGGER MM-HMM.
AND I THINK C'S PAYING ATTENTION TO THAT.
AND THERE'S DEFINITELY WAY OF MANY ONE BEDROOMS BEFORE.
UM, WE DID, UH, BY THE WAY, HAVE FUNDING IN ON THE, THE AWARDED TO THIS SITE BEFORE.
THE PROJECT WASN'T COMING TO FRUITION.
THEY DID SOME FUNDING APPLICATIONS FOR STATE AND FEDERAL FUNDS, BUT NOT ENOUGH IN OUR OPINION.
AND EVENTUALLY WE SAID WE'RE NOT GONNA, UM, RENEW THE, THE EXCLUSIVE NEGOTIATING CLAIM ANYMORE THAN COME TO FIND OUT THE WEEK WENT BUSINESS.
SO, UM, WE'RE GLAD TO HAVE SOMEONE LIKE CENTURIES WHO'S TRIED AND TRUE DEVELOPER FOR US TO TAKE IT OVER.
AND YOU KNOW, IT'S LONG BEACH BOULEVARD, IT'S ON THE METRO.
IT HAS GREAT OPPORTUNITY FOR TRANSIT, MARINE AND DEVELOPMENT FINANCING.
THERE'S STILL A LONG PARKING PROVIDE FOR THE CLOTHING.
THERE'S LIKE, I THINK IT WAS 109 UNITS, IT WAS LIKE 80 SOMETHING PARKING SPACES.
IF WE ARE CLOSE TO THE MONTREAL AND IT NEEDS THE TRANSIT ORIENTED DEVELOPMENT, CAN YOU LOWER THAT PARKING NUMBER? I, THAT'S SOMETHING THAT WE LOVE UP TO THE PLANNING BUREAU.
UM, WHICH IT'S CHEAPER TO GET RID OF THE PARKING RIGHT.
BUT IN THE END, PEOPLE STILL DO WANT PARKING SPACES.
AND WE'VE HAD ISSUES WITH, WE SEEING UP, ESPECIALLY OUR LARGER UNITS ON LONG BEACH BOULEVARD AND NOT HAVING ENOUGH PARKING.
SO IT'S SOMETHING WE'LL BE PLAYING A GAME WITH.
SO THIS WILL BE GETTING ENTITLED THE THE UPDATED PROJECT OVER THE NEXT SEVERAL MONTHS.
AND BEFORE YOU ACTUALLY COMMIT LOAN FUNDS, WE'LL HAVE MORE OF AN UPDATE ON THE UNIT COUNT, THE MIX AND THE PARKING.
UM, BUT WE STAY OUT OF PARKING PRETTY MUCH.
THAT'S REALLY PLANNING WHEELHOUSE.
WELL, IT'S ALSO PART OF OUR DEVELOPMENT BEING GOOD NEIGHBORS, BECAUSE THAT'S ONE OF THE FIRST THINGS THAT ANYBODY SAYS
[00:30:01]
WHEN THEY DON'T WANT IT IN THEIR BACKYARD, IS YOU'RE GOING TO IMPACT OUR PARKING.THAT'S ALREADY DIFFICULT TO FIND IN THIS NEIGHBORHOOD.
SO IF WE CAN PROVE THAT THE RESIDENTS WILL HAVE ENOUGH PARKING BY THE PLANNING TO ACCOMMODATE THEIR VEHICLES, THAT THAT THEY WILL, THAT, THAT YOU ELIMINATE THAT REASON FOR PEOPLE NOT BEING ACCEPTING OF A GREAT DEVELOPMENT LIKE THIS COMING INTO THEIR NEIGHBORHOOD.
AND WE KNOW THAT PARKING IS ALWAYS A CONCERN IN THE CITY.
SO IF WE'RE THOUGHTFUL OF THAT, WHEN WE'RE PLANNING OUR COMMUNITIES, I THINK THAT THAT HELPS OUR RESIDENTS, UH, BE GOOD NEIGHBORS.
IT HELPS US BE GOOD NEIGHBORS AND IT ALSO HELPS US GOING FORWARD TO GET OTHER NEIGHBORHOODS TO EMBRACE WELCOMING US IN THEIR, UM, INTO THEIR AREA.
SO UNDERGROUND PARKING? NO, IT'S AT, IT'S AT GRADE.
SO THE FIRST LEVEL WE'LL HAVE THE E TWO SPOTS AS WELL AS, UH, MOST OF THE COMMUNITY SPACES.
AND SO IT'S ABOUT 82 SPOTS FOR 152 UNITS.
UM, AND WE'RE FINDING THAT EVEN IN THE AREA WE'VE SPOKEN TO NEIGHBORS, SOME BUSINESS OWNERS THAT HAVE, UM, MENTIONED TO US HOW THEY NEED MORE PARKING JUST FOR THE, THE, THE BUSINESSES NEARBY.
UM, AND THEN ALSO, SO WHAT, THERE ARE SOME OTHER PROJECTS THAT ARE COMING UP, UH, ACROSS THE STREET AND THERE'S A META PROJECT THAT HAS, UM, A SIMILAR RATIO PARKING AND THERE'S ANOTHER HABITAT FOR HUMANITY PROJECT THAT'S CAT QUARTER.
I'M NOT SURE ABOUT THEIR PARKING RATIO.
BUT TRYING TO KEEP AS MANY, EVEN THOUGH THE METRO'S THERE DOESN'T NECESSARILY MEAN THAT PEOPLE ARE GONNA GET RID OF THEIR CARS.
AND SO MAKING SURE THAT WE ARE ABLE TO LEASE UP, 'CAUSE WE DO HAVE THE OPPORTUNITY TO HAVE THOSE PARKING SPOTS.
AND IT ALSO HELPS THE AREA BY MAKING SURE AS MANY OF THE RESIDENTS CARS ARE IN THE GARAGE OFF THE STREET, ALLOWING THE EXISTING RESIDENTS THAT NEED THE STREET PARKING IN THE BUSINESS WORK ON THE STREET SLOPE.
ARE YOU GONNA PROVIDE ANY, UM, EV PARKING SPACES? UH, THAT NUMBER YOU? THERE'S A REQUIRED CODE.
WHAT PERCENTAGE? IT'S A PERCENTAGE, YEAH.
THERE ANY OTHER QUESTIONS FROM THE BOARD? I JUST WANNA SAY IT'S VERY REWARDING TO SEE PROJECTS LIKE THIS COME OUT WHERE YOU'RE NOT JUST LC PEOPLE, BUT YOU'RE ACTUALLY IMPROVING THEIR QUALITY OF LIFE.
I WAS JUST READING YOU HAVE TWO DECKS WITH COURTYARDS, PLACE STRUCTURE, BARBECUE AREA, COMMUNITY ROOM FITNESS IN THE YOGA ROOM.
THAT'S PRETTY UNIQUE FOR THAT COMMUNITY.
DO WE HAVE ANY PUBLIC COMMENT ON THE ITEM? OKAY.
SO, UM, DO WE HAVE A MOTION? SHOULD WE HAVE A SECOND? SECOND.
WILL YOU PLEASE READ THE NEXT ITEM YOU RECOMMENDATION TO CONDUCT PUBLIC HEARING OF A SECOND SUBSTANTIAL AMENDMENT OF THE FISCAL YEAR 2022.
2023 ACTION PLAN FOR THE EXPENDITURE OF COMMUNITY DEVELOPMENTAL OFF RAMP AND FISCAL YEAR 2020 TO 2022.
ACTION PLAN FOR THE EXPENDITURE OF EMERGENCY SOLUTIONS GRANT AND HOME INVESTMENT PARTNERSHIPS PROGRAM.
AMERICAN RESCUE PLAN FUNDS A STEP PUBLIC COMMENT AND RECOMMEND TO CITY COUNCIL APPROVAL.
SO YEAH, ELIZABETH WEATHER WILL BE GIVING A STAFF REPORT.
UM, TODAY'S PRESENTATION WILL DETAIL CHANGES TO THE 23 AND 22 ACTION PLANS CITY COUNCIL.
CITY COUNCIL APPROVED LAST YEAR'S ACTION PLAN ON JULY 19TH, 22 AND THE 22 ACTION PLAN ON JULY 13TH, 2021.
UM, WHEN THERE'S A SUBSTANTIAL CHANGE TO ANY ACTIVITIES IN THE ACTION PLAN BUDGET BY MORE THAN 25% OR ANY ACTIVITY CHANGES RELATED TO PURPOSE, SCOPE, OR LOCATION OF FORMAL AMENDMENT MUST BE PREPARED AND SUBMITTED TO HUD AS PART OF OUR AMENDMENT PROCESS.
THE DOCUMENT WAS AVAILABLE FOR 30 DAYS.
A MULTILINGUAL PUBLIC NOTICE WAS ISSUED AND POSTED IN LOCAL NEWSPAPER AND THE CITY WEBSITE AND A PUBLIC HEARING IS BEING POSTED TODAY.
SO DUE TO THE NEED TO SPEND DOWN ON OTHER FUNDING SOURCES, AS SOME OF YOU MIGHT KNOW, WE HAD
[00:35:01]
AN AMENDMENT LAST MARCH.SO CDPG STILL HAS ACCESS CARRYOVER FUNDS TODAY PROGRAMS ARE BEING PROPOSED TO BE REDUCED AS PART OF THE AMENDMENT.
THE PROPOSED AMENDMENTS ARE NECESSARY TO MEET THIS CDPG HU TIMELINESS TEST.
WE MET AT THIS PAST AUGUST, BUT EVERY YEAR WE HAVE TO TRY TO SPEND DOWN AS MUCH FUNDING AS WE CAN.
WE ALSO HAVE TO MEET AN ESG DRAWDOWN DEADLINE TO ADVANCE OUR FIVE YEAR CONSULT AND TO ADVANCE OUR FIVE YEAR CONSOLIDATED PLAN PRIORITIES AND GOALS OF CREATING AFFORDABLE HOUSING AND IMPROVING OUR AGING HOUSING STOCK.
THE ESG HOMELESS PREVENTION ACTIVITY WAS DELAYED IN PROGRAM PERFORMANCE.
SO THIS ACTIVITY BUDGET IS BEING PROPOSED TO BE DECREASED AND REALLOCATED TO RAPID REHOUSING BY THE HEALTH DEPARTMENT IN ORDER TO MEET THE RER HUD ESG 21 DEADLINE DRAW DOWN DEADLINE.
THE HOME A RP PLAN DEVELOPED IN, UM, CONCURRENTLY, I MEAN IN COLLABORATION WITH THE HEALTH DEPARTMENT ORIGINALLY INCLUDED THE ACQUISITION OF A NON CONGREGATE SHELTER SITE.
UM, SINCE THE ADOPTION AND HUD APPROVAL OF THE HOME A RP PLAN, THE CITY'S RECEIVED OTHER FUNDING SOURCES.
SO THIS ACTIVITY, UM, THE FUNDING AMOUNT FOR THIS ACTIVITY WILL BE DECREASED AND ADDED TO ANOTHER HOME, A RP ACTIVITY SUPPORTIVE SERVICES.
UM, IT'S IMPORTANT TO NOTE THAT THE PROPOSED FUNDING REDUCTIONS TO PROGRAMS WON'T OPERATIONALLY AFFECT THE PROGRAMS OR CANCEL THEM AS THEY'RE CURRENTLY, CURRENTLY HAVE SUFFICIENT FUNDING TO CONTINUE THEIR NORMAL OPERATIONS AS THE PACE EXPECTED.
THIS TABLE SHOWS THE PROGRAMS WE PROPOSED FUNDING REDUCTIONS A TOTAL OF $2,038,831 IS BEING REALLOCATED.
AND IN THE NEXT SLIDE I'LL DETAIL HOW THE FUNDS WILL BE UTILIZED.
WITH THE CITY'S FOCUS ON AFFORDABLE HOUSING PRODUCTION AND THE STATE OF EMERGENCY ON HOMELESSNESS, 500,000 OF CDBG FUNDS ARE BEING REALLOCATED FOR LAND ACQUISITION.
UM, LAND ACQUISITION IS ONE OF THE FEW WAYS THAT CDBG FUNDS CAN ASSIST IN THE ACCELERATION OF CREATING AFFORDABLE HOUSING.
500,000 OF CD BGS ALSO BEING ALLOCATED TO THE HOME IMPROVEMENT ROOF GRANT PROGRAM TO HELP MEET, MEET A COMMUNITY DEMAND AND A HIGH PRIORITY NEED TO REPLACE ROOFS AND TO IMPROVE HOUSING CONDITIONS FOR LOW INCOME HOUSEHOLDS.
MENTIONED BRIEFLY ON THE LAST SLIDE, $38,831 OF ESG FUNDS IS BEING PROPOSED TO BE REALLOCATED FROM HOMELESS PREVENTION TO RAPID REHOUSING TO HELP MEET A DEADLINE IN THE NEXT FEW MONTHS.
AND LASTLY, ALSO MENTIONED IN THE LAST SLIDE, THE HOME A RP PLAN.
WE'RE PLANNING ON LOCATING A MILLION DOLLARS TO SUPPORTIVE SERVICES, UM, TO HELP THE NON CONGREGATE SHELTER ACTIVITY.
THESE ARE THE FUNDING ADJUSTMENTS TO THOSE ACTIVITIES I JUST COVERED.
SO TO SUMMARIZE, APPROVING THE SUBSTANTIAL AMENDMENT WILL NOT MATERIAL IMPACT OUR ACTION PLAN PROGRAMS AND WILL HELP MEET OUR HUD TIMELINESS TESTS, OUR ESG DRAWDOWN DEADLINE TO ENSURE WE DON'T LOSE ANY OF OUR FUNDING AND THE REALLOCATION IN LINE WITH OUR CITY HOUSING ELEMENT, HOUSING ELEMENT, AND HUD HOUSING PRIORITIES AND HELP SUPPORT OUR CURRENT STATE OF EMERGENCY ON
WE'RE RE REQUESTING FOR THE BOARD TO CONDUCT A PUBLIC PUBLIC HEARING ON THE SECOND SUBSTANTIAL AMENDMENTS TO THE 23 ACTION PLAN FOR CEPG AND THE 22 ACTION PLAN FOR THE EXPENDITURE OF ESG AND HOME A RP FUNDS AND TO PLEASE ACCEPT PUBLIC COMMENT AND RECOMMEND CITY COUNCIL APPROVAL VOTE NEXT SIDE.
THAT CONCLUDES THE PRESENTATION.
DOES THE BOARD HAVE ANY QUESTIONS FOR THE STAFF? I HAVE A COMPLIMENT.
I, UM, THIS EXTREMELY THOROUGH AMENDMENT, IT ANSWERS MORE THAN ALL OF THE QUESTIONS THAT I HAD ANTICIPATED.
SO, AND THAT, THAT LOOKS LIKE IT WAS A LOT OF WORK.
UM, HOW COMMON IS IT TO HAVE RETROACTIVE AMENDMENT SUBMITTED OR APPROVED? IS IT SOMETHING, IS IT VERY COMMON? OKAY.
AS YOU CAN TALK TO, THIS IS HER BEAUTIFUL REPORT, SO I'LL LET HER SPEAK TO IT.
UM, IT'S REALLY HARD TO AN ANTICIPATE EXPENDITURES FOR THE YEAR.
SO AS WE CLOSE OUT THE SEPTEMBER 30TH FISCAL YEAR, WE HAVE TO TRY TO START ANTICIPATING WHAT THIS FUNDING WILL BE FOR THE NEXT YEAR.
SO EVERY YEAR THERE WILL BE AMENDMENTS BECAUSE WE'RE ON A GRANT SPACE ACCOUNTING SYSTEM WITH THE FEDERAL GOVERNMENT.
SO IF WE'RE NOT SPENDING IT AND IF THESE ACTIVITIES ARE LEAVING OR SPENDING MORE THAN 25%, WE HAVE TO A AMEN.
SO AGAIN, OR IF PRIORITIES CHANGE OKAY.
AND THEY ACCEPT THAT IT'S NOT LIKE WE WERE UNFAVORABLE FROM US
[00:40:01]
TO TRY TO YEAH.THIS IS ONLY OUR SECOND OF THESE TWO PLANS.
THERE ARE SOME STUDIES THAT HAVE A HANDFUL EVERY SINGLE YEAR.
AND IN THIS CASE, IT'S GREAT FOR EXAMPLE, THAT WE, WE HAVE THIS FLEXIBILITY THROUGHOUT THE YEAR TO, TO RESPOND USING OUR ROOF PROB UM, ROOF PROGRAM AS AN EXAMPLE.
WE'RE VERY POPULAR, AND NOW THE RAINS ARE COMING.
WE'RE STILL CONSTANTLY GETTING NEW APPLICATIONS AND SO WE'RE WAY OVER COMMITTED AND NOW WE ARE ADJUSTING AND PUTTING MORE MONEY INTO SOMETHING THAT'S REALLY NEEDED.
AND SO IT MAKES ALL OF US FEEL REALLY GOOD THAT WE DO HAVE THIS FLEXIBILITY TO ADAPT THROUGHOUT THE YEAR.
OTHERWISE, YOU KNOW, WE FEEL LIKE WE'RE GIVING MONEY TO WHERE IT'S NOT MOST IMPORTANT.
DO YOU HAVE A WAIT LIST OF PEOPLE WHO QUALIFY FOR THE ROOFING PROGRAM BUT YOU HAVE NOT BEEN ABLE TO? NOT YET, BUT IT'S COMING.
IF, UM, WE ANTICIPATE HAVING THIS MILLION DOLLARS SPENT VERY FAST AND SO, UM, WE'RE ALREADY LOOKING INTO WHERE WE'RE GONNA PULL OTHER FUNDS FROM, SO YOU'LL PROBABLY BE SEEING SOMETHING FROM US AGAIN ON THAT.
WE HAVE APPROVED PEOPLE, UM, AND ASSUMING THEIR ROOT COST ABOUT THE SAME AMOUNT AS, YOU KNOW, ABOUT 20,000 IS WHAT WE'RE LOOKING AT FOR EACH ONE.
WE ALREADY HAVE 900,000 IN COMMITMENTS.
UM, AND SO THAT LEAVES ONLY A HUNDRED THOUSAND LEFT.
I GUESS THAT KELLY, JUST TRYING TO FIGURE IF WE COULD FIGURE THAT YOU HAVE MATCHES UP WITH THE NEED AND IT SOUNDS LIKE CLOSE.
I THINK IT'LL GET US THROUGH BECAUSE IT TAKES A IS THIS AN ANNUAL PROGRAM THAT YOU DO? UH, OR WILL BE? IT WAS SUPPOSED, IT WAS SUPPOSED TO BE A TEMPORARY PROGRAM, BUT IT LOOKS TO BE ONE OF OUR MOST SUCCESSFUL ONES BECAUSE WE DON'T WANNA END IT PROVIDED WE HAVE FUNDS AND RIGHT NOW WE DO.
SO I EXPECT THAT WE'LL KEEP ALLOCATING FUNDS AND WE'RE GONNA KEEP IT AROUND.
UM, FOR THE FORESEEABLE FUTURE, WE'RE LOOKING INTO ACTUALLY EXPANDING IT AND HAVING A LARGER HOMEOWNER REHAB PROGRAM.
BUT, AND ROOFS ARE BEING INCLUDED IN THAT.
UM, BUT THAT IS, THAT WILL COME, THAT WILL BE ANOTHER FUNDING SOURCE AND IT WILL BE A LOAN, WHEREAS THIS IS THE, UM, GRANT.
AND
UM, BUT WE DO BET THE CONTRACTORS GET ALL OF THE INSURANCE, UM, AND HELP THE HOME BUYER WITH THAT.
AND ALTHOUGH WE CAN'T, UH, ASK THEM TO USE ANYBODY MM-HMM.
SO IT'S NOT A REQUIREMENT THAT THEY USE A SPECIFIC LIST.
IS THERE A DOLLAR LIMIT PER HOUSEHOLD OR IS IT BASED UPON THE SIZE OF THE IT IT'S ESSENTIALLY LIMITED TO 20,000 PER A LOANER.
BUT WE HAVE FLEXIBILITY TO GO OVER THAT.
UM, AND SO OBVIOUSLY WE, WE HAVE SOME COME IN AT MORE LIKE 30, BUT THEY WERE A LARGER SQUARE FOOT AT HOME.
SO WE LOOK AT IT AND IF IT SEEMS HIGH THOUGH, WE DO ASK THEM TO GO GET A COUPLE MORE BIDS.
WE DON'T REQUIRE THEM TO GET MORE THAN ONE BID, BUT IF IT'S COMING IN HIGHER THAN WE ANTICIPATE, THEN WE WILL ASK THEM TO GET A COUPLE PERMITS.
BUT, UM, WE DEFINITELY HAVE BUILT IN SOME FLEXIBILITY TO, TO GIVE MORE WITHIN REASON, WHICH GENERALLY COMES FROM SOMETHING TIED TO THE ROOF THAT NEEDS TO BE REPAIRED IN ORDER TO MAKE IT ALL WORK AND OR IT'S A LARGER HOME.
WHAT DO YOU DO IN THE CASE OF WHICH SOMEBODY IS HAVING A ISSUE WITH THE ROOF AND THEY GOT A BID FOR SAY, $10,000 AND THEN ONCE THE ROOF IS PULLED THEY FIND MOLD OR SOMETHING ELSE THAT'S GOING TO MAKE THE COST OF COMPARING IT HIGHER THAN WHAT YOU'RE GIVING THEM TO THE ROOF.
DO YOU CARRY THEM UP WITH ANY TYPE OF FINANCING OR OTHER OPTIONS FOR TAKING CARE OF THAT ISSUE TOO? WELL, WE WOULD FUND THE DIFFERENCE.
WE HAVE, WE ALSO HAVE A CONTRACTOR THAT DOES WORK WRITE-UPS OR IT'S BEEN, AND SO THEY, I SHOULD BACK UP.
WE HAVE A, A CONSULTANT AND THEY WILL GO OUT TO THE PROPERTY AND DO THE WORK, WRITE UP AND DETERMINE IF IT'S A REPAIR OR A FULL REPLACEMENT.
[00:45:01]
CONTRACT FOR US.SO IF THERE WAS AN ISSUE THAT COMES UP LATER, WE WOULD HAVE HIM ADVISE AND IF MORE FUNDING WAS NEEDED, WE'D HAVE IT AVAILABLE.
SO IT SOUNDS LIKE IF THE, IF ANY ISSUE COMES UP AFTER THE ROOF'S BEEN PULLED, AS LONG AS IT WAS SOMETHING THAT WAS RELATED TO THE ROOF BEING DAMAGED, IT WOULD FALL UNDER THEM BEING ELIGIBLE FOR THE VAN.
I THINK WOULDN'T SAY I NEED MY WINDOWS DONE TOO, BUT IF THEY HAD A LEAK BECAUSE OF THE BAD ROOF AND THEY NEED TO HAVE SIDEWALL PULLED AND INSULATION DONE IN A SPECIFIC AREA BECAUSE OF THAT.
BECAUSE THE BAG PART WAS THE ROOF.
DOES THAT EXPAND INTO THAT? YES.
I JUST WANTED TO MAKE SURE THAT BECAUSE NO WATER DOES WATER DAMAGE, BUT OKAY.
WE'VE TOUCHED ON REALLY UNIQUE
I JUST WOULDN'T WANT US TO SAY, OKAY, WE'RE GONNA GIVE YOU A GRANT FOR YOUR ROOF.
THEN THEY FIND OUT THEY'RE STUCK WITH THIS GAP THAT THEY CAN'T FILL.
AN EXAMPLES, WE HAD ONE WITH A REALLY UNUSUAL VENTILATION SYSTEM COMING OUT OF IT AND UM, WE, WE COULDN'T BELIEVE THAT AS IS.
AND SO IT DID GO OVER THE 20 MENT.
BUT LIKE I SAID, WE LOOK AT THEM, IT'S A VERY INTENSIVE PROGRAM FOR A $20,000, UM, GRANT.
AND THAT'S BECAUSE EACH ONE IS A DIFFERENT, EACH HOME IS A DIFFERENT ANIMAL.
THERE'S OLD HOMES IN LONG BEACH AND THEY ALL HAVE THEIR UNIQUE SITUATIONS FOR SURE.
JUST LIKE EVERY, EVERY PROJECT.
WELL I LIKE THAT IT HAS THAT FLEXIBILITY, BUT IT'S NOT JUST LIMITED DELIVERY.
ARE THERE ANY OTHER QUESTIONS? DO WE HAVE ANY PUBLIC COMMENT ON THIS ITEM NEEDS? IS THERE A MOTION? I WILL DO WE HAVE A SECOND? I SECOND.
CAN YOU PLEASE CALL FOR VOTE? GERALD CASTRO? YES.
SHE PASSES YOU PLEASE READ THE NEXT ITEM.
RECOMMENDATION TO APPROVE THIS SELECTION OF WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION FOR A BOARD UP TO 7 MILLION IN PERMANENT LOCAL HOUSING ALLOCATION AND OR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS.
AND AUTHORIZE THE PRESIDENT OR DESIGNEE TO ENTER INTO AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH WEST HOME COMMUNITY HOUSING CORPORATION FOR THE DEVELOPMENT OF NEW AFFORDABLE RENTAL HOUSING UNITS.
THIS ITEM TO SUPPORT UP TO $7 MILLION IN FUNDING AND AUTHORIZATION TO EXECUTE AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION FOR NEW CONSTRUCTION AND AFFORDABLE HOUSING UNITS.
THIS NOTICE OF FUNDING
THE NOFA WAS FOR $12.7 MILLION AND INCLUDED 10 MILLION IN PERMANENT LOCAL HOUSING ALLOCATION FUNDS.
2 MILLION IN COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS AND 700,000 IN COMMUNITY HOUSING DEVELOPMENT ORGANIZATION FUNDS, ELIGIBLE USES AND THE DEVELOPMENT OF NEW AFFORD HOUSING UNITS ACQUISITION AND OR THE REHABILITATION OF EXISTING UNRESTRICTED UNITS.
BY THE SEPTEMBER 18TH DUE DATE, SIX PROPOSALS WERE RECEIVED.
PINE AVENUE RESIDENTIAL FOR NEW CONSTRUCTION OF 70 EVENTUALLY UNITS OF THEIR FAMILIES.
SECOND ZONE CONGREGATIONAL CHURCH FOR ACQUISITION AND CONVERSION OF THEOLOGICAL MOTEL AND TO CITY THESE FOUR UNITS, WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION FOR NEW CONSTRUCTION OF 100 RENTAL UNITS.
THEIR FAMILIES
AND SECOND PROPOSAL FROM CENTURY AFFORDABLE DEVELOPMENT ING ON BOULEVARD ATTENDING DIRECTING 153 UNITS PER S THE PROPOSED PROJECT.
THIS IS SITE MAP ON WARDLOW BY
FAMILY RENTAL HOUSING PROJECT SERVING HOUSEHOLD EARNING MAYBE BETWEEN 30% AND 80% AREA MEDIAN INCOME.
UNIT MIX IS 42 1 BEDROOM UNITS, 32 BEDROOM UNITS, 28 3 BEDROOM UNITS.
IT'LL BE A SEVEN STORY BUILDING AND WE'LL INCLUDE A COMMUNITY ROOM LOT FITNESS BEARING AND 60 PARKING SPOTS.
THIS PROJECT IS LOCATED IN A HIGH RESOURCE REGION IN THE TAX AND CREDIT ALLOCATION COMMITTEE.
OPPORTUNITY MAP FINANCIAL REVIEW FOR THIS PROJECT, TOTAL COSTS ESTIMATED AT 73.4 MILLION.
THE OTHER FUNDING SOURCES WILL INCLUDE FEDERAL TAX CREDITS AT 28.5 MILLION STATE TAX CREDITS AT 14.6 MILLION.
INFILL INFRASTRUCTURE GRANT FUNDS OF 10.8 MILLION.
[00:50:01]
PERMANENT DEBT OF 6.5 MILLION AND ADDITIONAL DEBT FINANCING AS NEEDED.UM, LACADA, WHICH IS LOS ANGELES COMMUNITY DEVELOPMENT AUTHORITY AND OR CAG HFA FOR UP TO $9 MILLION.
THE DEVELOPMENT TIMELINE PROPOSED FOR THIS PROJECT WOULD BE TO APPLY FOR ENTITLEMENTS IN DECEMBER OF 2023.
APPLY FOR IIG FUNDS IN JULY 24.
SECURE ENTITLEMENTS BY AUGUST OF 24 IEIG FUNDS AWARDED IN DECEMBER OF 24.
APPLICATION FOR TAX CREDITS IN FEBRUARY, 2025.
AWARDED TAX CREDITS IN MAY 25.
LOAN CLOSING AND CONSTRUCTION START IN SEPTEMBER 25.
AND CERTIFICATE OF OCCUPANCY EXPECTED IN JULY, 2027.
GOOD RECOMMENDATION AS TO AWARD UP TO $7 MILLION IN FUNDING AND AUTHORIZE
THIS CONCLUDES MY PRESENTATION AND WE HAVE THE THIS TODAY JOE PRAYER AND I NEED PATEL FROM WEST HOLLYWOOD.
WE ANYTHING FOR THE BOARD? SURE.
I WANNA THANK THE BOARD FOR, UM, THIS POTENTIAL DEVELOPMENT OPPORTUNITY.
WE WERE, WE'VE BEEN ACTIVELY LOOKING IN CITY OF LONG BEACH FOR THE LAST THREE YEARS AND THIS CAME TO US AT THE LAST MINUTE.
WE'VE BEEN NEGOTIATING WITH THE SELLER AND WE SUBMITTED OUR APPLICATION I THINK AT THREE 50.
I RAN TO YOUR OFFICE AND SUBMITTED IT.
UM, THANK GOD THERE WASN'T TOO MUCH TRAFFIC, UM, FROM LA BUT, UM, THIS IS AN EXCITING OPPORTUNITY.
UM, THIS SITE IS LOCATED IN ONE OF THE BEST ELEMENTARY SCHOOLS IN ALL OF CALIFORNIA, SO THIS IS A GREAT OPPORTUNITY FOR LOW INCOME FAMILIES TO HAVE THEIR KIDS GO TO ONE OF THE BEST SCHOOLS AND THAT'S WHY
ARE THERE ANY QUESTIONS? LISTAL? YES.
CONCRETE BATTLE SCHOOL BOOK FOR IT'S TYPE THREE OVER TWO STORY PODIUM.
ANY OTHER A QUESTION? OH, ONE MORE.
UH, TYPICALLY WE LIKE TO USE THE, THE ROOFS FOR OUTDOOR SPACE.
SO WE TYPICALLY DON'T DO SOLAR.
UM, IT'S USUALLY, WE USUALLY LACK OPEN SPACE AND SO IT'S NICE FOR OUR TENANTS TO HAVE AN OUTDOOR SPACE AND YOU CAN HAVE GREAT VIEWS OF THE CITY.
UM, SO THAT'S WHY WE TYPICALLY TRY TO NOT DO SOLAR PARKING.
STREET PARKING IS UNDERGROUND, SO THE PARKING.
AND IN OUR EXPERIENCE WITH FAMILY PROJECTS, THE FA THE PARENTS REALLY NEED A SPACE FOR THE CARS.
AND JUST LIKE OUR, LIKE US, WE'RE ALWAYS PREPARING OUR KIDS TO EITHER SOCCER OR, UM, SOME, SOME OUTDOOR, SOME UH, AFTERSCHOOL ACTIVITIES.
UM, IT'S JUST, YOU KNOW, IT'S HARD TO DO, RELY ON THE PUBLIC TRANSFER ATION SYSTEM FOR SCROLL DROP OFF AS WELL AS THEIR WORK.
SO HAVING ONE SPACE FOR THE FAMILIES HAS BEEN PRETTY HELPFUL.
IT'S USUALLY THE NUMBER ONE THAT PARK.
SO YOUR
'CAUSE IT, IT'S A 30,000 SQUARE FOOT LOT.
UM, SO WE'RE DOING ONE GROUND OF SUB TRAINING THAT, THAT SO FAR IN THE INITIAL SITE STUDY AS ABLE TO, UM, EXTRACT C SPACE, YOU HAVE TO DO SOLAR.
COULD YOU SPEAK UP PLEASE? SO THAT WE CAN MAKE SURE EVERYONE IN THE ROOM CAN HEAR WHAT YOUR
HOUSING, PUBLIC, UH, EDUCATION.
BUT I'M NOT, I'M NOT SURE HOW IT WORKS WITH ALLY, THE AFFORDABLE HOUSING.
IT COULD BE OVERWHELMING THERE, BUT THAT'S FINE.
A QUESTION ABOUT SOLAR, WE DO IT OUT ON THE GROUND.
WE COULD DO A CAR FLOOR, BUT IF IT'S IN SUB THAT'S PROBABLY, I'M NOT SURE.
SO, SO IS THERE AN EXPLANATION WHY YOUR PROJECT IS EXEMPT FROM HAVING IT? I MEAN, WE'RE STILL VERY EARLY.
THAT'S QUESTION I WIFE THAT INCEPTION DESIGN.
BUT IF IT'S, IF IT'S A, IF IT'S A NEW REQUIREMENT FOR TITLE 24, WE WILL THOSE STANDARDS.
UM, IF THERE IS ABILITY TO DO BOTH, WE WOULD DO, YOU KNOW, A PORTION, PART OF THE ROOF TERRACE WITH SOLAR AND THEN PORTION THE OTHER PORTION, THE REMAINING PART OF THE
[00:55:01]
BUILDING FOR AS OPEN SPACE.WE'D LIKE TO DO LANDSCAPING USUALLY IN THAT OUTDOOR TERRACE.
THAT'S THE TALL THING OVER THERE.
YEAH, THAT'S MY ACTUALLY I'M VERY CONCERNED ABOUT THAT.
SO THEY'VE ONLY, WE ARE CONCERNED ABOUT IT TOO.
AND WE TALKED ABOUT SIZE AND WHEN IT WAS THE FIRST THING I BROUGHT UP WHEN I CALLED TO TELL THEM WE WERE GOING TO, UM, BRING THE PROJECT TO YOU FOR AN AWARD AND THEY HAVE JUST BEGUN TO START WORKING WITH PLANNING.
WE HAD AN INITIAL MEETING WITH CHRISTOPHER, UM, AND WE, THAT WAS A WEEK AGO.
AND SO THEY'RE ADJUSTING TO COMMENTS THAT HE GAVE AND THEY'LL BE WORKING WITH THEIR PLANNER AND WE'RE GONNA PUT 'EM THROUGH THE RINGER ON ALL OF THAT AND THE SOLAR AND EVERYTHING SHORTLY.
WHAT ARE, WHAT ARE SOME OF THE SIDE, WHAT ARE SOME OF THE TALLEST BUILDINGS IN THAT AREA IN RELATION TO WHAT THIS ONE WILL BE? IT WILL STICK OUT LIKE A SORT THUMB IN THAT AREA.
SORRY, THAT'S YEAH, THAT'S, THAT'S TOO MANY STORIES AND IT REALLY IMPACTS THE COMMUNITY.
I THINK THE ALWAYS SAY FOREST AND THAT'S IN LONG BEACH BOULEVARD, 30 11 AVERAGE.
THAT'S THIS WAY WHERE BUILDING ALREADY TALK.
YEAH, THAT'S SO TALKS IT'S THREE STORIES OR TWO STORIES.
WHAT'S THERE NOW AND THEN AROUND IS A PICTURE OF YOU.
I THINK WHAT, WHAT IS THERE NOW IT'S MAINLY ONE STORY BUILDINGS AND I THINK YOU HAVE, I, IF I REMEMBER CORRECTLY, YOU MAY HAVE ONE OR TWO STORY APARTMENTS AND THEN YOU HAVE THE WATER.
IS THAT ACROSS THE STREET OR NEARBY THE WATER? BUT BY THE TARGET.
SO THIS IS NOT MY WHEELHOUSE LIKE CHRISTOPHER, BUT WE'VE DEFINITELY SUGGESTED THAT THAT ONE STORY.
BUT IN GENERAL I WILL SAY, I MEAN THERE'S NEW PLANNING UPDATES BEING MADE THROUGHOUT THE CITY TO, TO PROVIDE FOR MORE DENSITY BECAUSE WE HAVE TO, BECAUSE WE HAVE TO HOUSE OUR PEOPLE.
SO JUST BECAUSE THERE'S NOTHING THAT HIGH THERE NOW DOES NOT MEAN THAT IT SHOULDN'T AND WON'T START HAPPENING.
THAT BEING SAID, WE'RE AT THE BEGINNING OF THE PROCESS.
AND AGAIN, I DON'T MEAN TO SAY IT'S NOT IN YOUR, UM, PURVIEW, BUT IT IS, UM, PLANNING'S JOB TO MAKE SURE THAT IT FITS INTO THE EXISTING NEIGHBORHOOD AND THAT IT WILL CERTAINLY BE TALLER ON ONE SIDE AND THEN STEP DOWN TO THE EXISTING RESIDENTIAL NEIGHBORHOOD.
SO JUST TO BE CLEAR, OUR VOTE TODAY IS ABOUT TO CONTINUE THE PROCESS OR IT IS GRANTING THE FUNDING.
ALL IT IS IS IN A, UH, OH, IT'S ESSENTIALLY AWARDING THE FUNDING BUT NOT REALLY.
UM, WE CALL IT AN AWARD OF FUNDING, BUT WHAT WE'RE DOING IS ENTERING, GETTING AUTHORIZATION TO ENTER INTO AN EXCLUSIVE NEGOTIATING AGREEMENT.
AND DURING THAT TIME WHEN WE'RE UNDER THAT, WE CANNOT THEREFORE WORK WITH ANY OTHER DEVELOPER ON THIS SITE.
AND THEY KNOW THAT THEY HAVE A SOC COMMITMENT IF THEY MEET ALL THE THINGS THAT WE WANT.
ONE OF THE THINGS THAT WE REQUIRE BEFORE WE'LL COME TO YOU FOR A FORMAL LOAN APPROVAL, WHICH IS ACTUALLY COMMITTING THE MONEY, IS THAT THEY GET ENTITLED AND THAT THEY HAVE A PLAN FOR HOW US PRETTY SET PLAN OF HOW THEY'RE GOING TO BE FINANCED.
SO AT THAT POINT IS WHEN THEY WOULD ALREADY HAVE JUMPED THROUGH ALL THE HOOPS THROUGH THE PLANNING DEPARTMENT TO MAKE SURE THAT THE STRUCTURE THAT THEY DESIGNED WILL BE ACCEPTABLE IN THE NEIGHBORHOOD.
SO THAT WOULD BE AN OPPORTUNITY FOR US.
THEN WE WOULD ACTUALLY SEE RENDERINGS OF WHAT IT WOULD LOOK LIKE.
WE WOULD BE ABLE TO SEE YOU, YOU COULD VOTE THEN AT THAT POINT BEFORE FUNDING IS APPROVED.
I THINK THAT RIGHT NOW THIS IS NOT APPROVING THE FUNDING.
THIS IS APPROVING TO CONTINUE THE PROCESS TOWARDS IT.
BASICALLY THEY WON, BUT IT ALLOWS THEM THE CHANCE TO OUT THEIR DESIGN PLAN, DEVELOP THE PROJECT, ARE COMMITTING TO BEING A PART OF THE PROJECT.
IF WE GET TO THAT POINT WHERE WE'RE SATISFIED WITH EVERYTHING COMES BACK TO, BECAUSE I DON'T WANT YOU TO FEEL LIKE IF YOU VOTE YES NOW THAT YOU'RE SAYING YES, ABSOLUTELY.
THERE WILL STILL BE AN OPPORTUNITY IF YOU SEE THE PLAN RENDERING WHEN YOU DON'T FEEL COMFORTABLE THAT YOU COULD LOOK DIFFERENTLY.
I THINK THERE'S AN AMENDMENT THAT WE CAN, YOU KNOW, JUST CREATE TODAY TO MAKE SURE THAT THERE'S COMMUNITY INPUT, RIGHT.
BECAUSE I'M SURE PEOPLE KNOW THAT THIS IS NEXT TO THEIR HOME.
I, IT'S, IT'S NOT SOMETHING, YOU KNOW, THAT PEOPLE ARE GONNA GO AGAINST BUILD, YOU KNOW, I MEAN IT'S REALLY GONNA IMPACT, WELL THIS IS EARLY IN THE PROCESS, SO WE'RE DEFINITELY GONNA HAVE TIME TO HAVE THOSE COMMUNITY MEETINGS.
THAT WOULD YOU HAVE OR IT RESCHEDULE OR HOW DID THAT HAPPEN? BECAUSE
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I KNOW YOU HAVE DONE THAT.WE'LL CERTAINLY HAVE OUTREACH MEETINGS.
UM, BUT THIS IS THE FRAGILE TERRITORY I THINK BECAUSE WHEN WE OPEN A PROJECT UP TO THE COMMUNITY, SO STATE LAW HAS ENSURED THAT WE CAN BUILD AFFORDABLE HOUSING AND IT CAN BE APPROVED WITHOUT THEM STOPPING IT.
AND THE PLANNER CAN APPROVE WHAT THEY CAN BUILD ACCORDING TO STATE LAW.
IF WE OPEN THIS UP TO THE COMMUNITY, PEOPLE CAN STOP US FROM BUILDING AFFORDABLE HOUSING.
I DON'T KNOW THAT YOU ALL SIT ON THIS BOARD BECAUSE THAT'S WHAT YOU WANT.
AND THE REASON IS THAT I JUST WANNA BE REASONABLE, YOU KNOW, TO THAT COMMUNITY.
I MEAN IT'S JUST THIS A BIG PROJECT AND IT WILL STICK OUT LIKE A
YOU KNOW, SO, SO IF THIS IS GONNA IMPACT, YOU KNOW, THE, THEIR QUALITY OF LIFE AND, AND EVEN THEIR PROPERTY VALUE THEN IS SOMETHING THAT IT SHOULD BE TAKEN INTO CONSIDERATION.
SO I AGREE WITH YOU THAT THAT'S PART OF THE BALANCE THAT WE FACE WHENEVER WE ARE DOING ANY TYPE OF A DEVELOPMENT.
AND SO THERE ARE GOING TO BE TIMES WHEN OUR DEVELOPMENT MIGHT BE THE FIRST ONE GOING INTO A NEIGHBORHOOD THAT LOOKS LIKE THAT, BUT IT'S PROBABLY NOT GOING TO BE THE LAST ONE.
SO WHAT WE CAN DO, YOU KNOW, GOING FORWARD, THIS IS NOT A, SO THIS IS NOT GOING TO SOLVE THE PROBLEM.
THIS IS GOING TO BE, IN MY OPINION, AN OPPORTUNITY FOR US TO PUT IN, UH, A DEVELOPMENT THAT WOULD BE MINDFUL OF THE COMMUNITY, UH, IN ITS DESIGN.
BECAUSE THAT GOES A LONG WAY IN WHETHER OR NOT IT'S ACCEPTED.
IT WOULD ALSO AS THE DEVELOPER SIT, GIVE THESE FAMILIES AN OPPORTUNITY FOR THEIR CHILDREN TO GO TO GRADE SCHOOLS.
YOU KNOW, THAT'S SOMETHING THAT WE WANT FOR OUR RESIDENTS IN THE FUTURE TO BE ABLE TO HAVE AN OPPORTUNITY TO DO.
BUT BEING THE FIRST TYPE OF DEVELOPMENT LIKE THAT GOING INTO A NEIGHBORHOOD, WE CAN SET THE STANDARD TOO.
AND, AND, BUT WE ALSO, I CAN'T, YOU KNOW, I, I AGREE, BUT WE DON'T WANNA OVERSATURATE OUR STREETS.
WE DON'T WANNA OVERSATURATE OUR SCHOOLS, YOU KNOW? RIGHT.
SO, SO WE HAVE TO BE MINDFUL OF ALL THE COMMUNITY IMPACT.
THAT, YOU KNOW, PUTTING, I'M NOT SAYING DON'T PUT AFFORDABLE HOUSING.
I'M SURE THERE'S OTHER PROPERTIES THAT COULD BE REDEVELOPED THAT ARE SITTING EMPTY.
IT DOESN'T HAVE TO BE ALL IN ONE COMMUNITY NEEDS TO BE SPREAD AROUND.
SO, SO I THINK WITH, WITH THAT, I, YOU KNOW, I, I AM, YOU KNOW, AT A HUNDRED PERCENT SURE, YOU KNOW, IN, IN TERMS OF HOW THIS, YOU KNOW, HUGE DEVELOPMENT IS GONNA IMPACT THAT.
AND I DON'T WANT YOU TO FEEL LIKE I'M TRYING TO PRESSURE ANYBODY IN ANY WAY.
I JUST WANTED IT TO BE CLEAR THAT THE VOTE THAT WE'RE DOING TODAY IS NOT THE FINAL VOTE.
THERE WILL BE OPPORTUNITIES FOR US TO LEARN MORE AND TO SEE MORE ABOUT EXACTLY WHAT IS PLANNED TO GO THERE.
AND WE WILL HAVE AN OPPORTUNITY TO, TO, YOU KNOW, TO SAY NO.
I MEAN, IN THE END WE CAN COME DOWN TO THE LAST MINUTE AND WE CAN SAY, NO, WE DON'T FEEL COMFORTABLE WITH THIS.
MY HOPE IS THAT WE DON'T GET TO THAT POINT ON ANY OF OUR PROJECTS BECAUSE OF ALL OF THE DUE DILIGENCE THAT GOES INTO GETTING THEM TO THAT POINT.
BUT THAT IS WHY YOU'RE ON THIS BULLET, SO THAT YOU HAVE A VOICE AND YOUR VOICE IS VALUABLE.
AND WE DO HAVE TO LOOK OUT FOR THE QUALITY OF THE NEIGHBORHOOD THAT WE'RE GOING INTO, ALONG WITH THE QUALITY OF THE LIFE OF THE RESIDENTS THAT ARE GONNA BE THERE WHILE WE'RE TRYING TO BALANCE THE NEED.
IT'S A HEAVY LIFT, IT'S A HEAVY LIFT FOR EVERYBODY.
AND SO THERE, YOU KNOW, UH, I HEAR EVERYTHING THAT YOU SAY AND I APPRECIATE YOU SAYING IT.
AND SO I JUST THINK THAT, UM, YOU KNOW, THAT I, I, I LIKE THIS TYPE OF DEBATE, DEBATE.
I LIKE TO HEAR YOUR CONCERNS BECAUSE THEN, AND I'M REALLY GRATEFUL THAT THE DEVELOPER IS IN THE ROOM TO HEAR IT TOO, BECAUSE THAT GIVES YOU AN OPPORTUNITY TO KNOW, UM, WHAT KIND OF QUESTIONS WE NEED TO HAVE ANSWERED TO FEEL COMFORTABLE VOTING, GOING BOTH.
THE OTHER QUESTION I HAD, UM, WAS THE BUSINESS FOR A HUNDRED UNITS AND THE COST IS LIKE 73 MILLION, BUT THE LAST PROJECT WAS FOR 153 UNITS AND I THINK IT WAS LIKE 50 SOMETHING MILLION.
SO WE, UM, I, I'M NOT SURE WHAT THEY USED, UM, BUT WHAT WE
[01:05:01]
USED IS, UH, THE LAST THREE CONSTRUCTION PROJECTS.AND THOSE ARE AT THE HEIGHT OF, YOU KNOW, INFLATION COST ESCALATIONS MATERIALS.
SO WE, WE WANTED TO GIVE A REALISTIC BUDGET.
WE ALSO PUT IT AT 10% OUR COST CONTINGENCY.
UH, SO JUST MAKE SURE THAT WE'RE BEING CONSERVATIVE.
WE'D RATHER, UH, MOVE THIS FORWARD AND THEN EXPERIENCE, UM, A SURPLUS AT THE END, WHICH IS ALL IS NICE.
UM, SO THAT'S WHY WE, WE HAVE IT AT 73 9.
WE ALSO HAVE A FULL
SO THAT, AND THAT'S, YEAH, GOOD POINT.
AND THEN THE FOLLOW UP QUESTION ABOUT WAS, UM, HOW WERE THESE PROJECTS FORWARDED? LIKE, CAN WE SEE WHAT
UM, IT'S ALSO ENOUGH, I, I, I DON'T WANT THIS TO GET MISSED AND I REALLY APPRECIATE THE TOUGH QUESTIONS TODAY.
IT'S FUN AND IT'S EXCITING FOR STAFF THAT WERE AND MYSELF THAT WORK HARD ON THESE.
AND, AND WE WORK, WE'VE PUSHED DEVELOPERS HARD AND THEY WILL BE PUSHED TO MAKE AN APPROPRIATELY SIZED PROJECT.
OUR, THE PRESIDENTS WE SERVE DESERVE TO BE, IN MY OPINION, IN THIS NEIGHBORHOOD.
AND THIS IS A, WE GIVE PRIORITY AND HAVE BEEN FOR YEARS NOW TO PROPOSALS FOR PROJECTS IN HIGH RESOURCE AREAS.
AND THIS IS A VERY RARE OPPORTUNITY THAT WE, THERE'S NO, THERE'S NO AFFORDABLE HOUSING.
THE LAND COSTS MORE BECAUSE WE'RE IN A DIFFERENT PART OF LONG.
WE JUST GONNA ADD TO THE PROJECT COST, BUT I ALSO JUST WANNA SAY OVERALL WE HAVEN'T VETTED THE PROJECT COSTS.
WE'RE NOT AT, AT THAT ALL WE'RE SAYING THAT THEY WERE SCORE HIGH ENOUGH TO BE ONE OF TWO AWARDEES FOR THIS NOFA AND WE'LL GET INTO THE COST AND ALL OF THAT LATER.
WE CAN'T EVEN REALLY ADDRESS THE COST YET BECAUSE WE DON'T KNOW HOW BIG, BIG THE BUILDING IS GOING TO BE.
UM, THE SCORING WE HAVE TO FOLLOW PURCHASING GUIDELINES.
IT'S A BIG CITY BUREAUCRACY AND WE ARE NOT ALLOWED TO SHARE THE SCORING.
BUT WE DID, UM, GIVE THE CATEGORIES BY WHICH PEOPLE WERE, BUT AUTOMATICALLY THE FACT THAT THEY WERE IN A HIGH RESOURCE AREA AND IT'S A FAMILY PROJECT.
THE TWO THINGS THAT WE HAVE BEEN TRYING SO HARD TO RECRUIT HERE FOR YEARS, LITERALLY YEARS.
PUT THEM AT THE TOP SO TO BE I MM-HMM,
SO WHEN THEY GET INTO IT, IT MAY BE THAT IT WON'T BE SEVEN STORIES, IT MAY BE FIVE.
THAT'S WHAT YOU'RE GONNA AFFORD.
BUT AT ANY RATE, THIS PLACE, BECAUSE I THINK THE BIRDS MIS CAPITAL HERE, ANY BREAKFAST STORE, SO WE'LL GET, AND SO YEAH, THIS WILL BE VERY UNIQUE IN THIS AREA.
I'M VERY CURIOUS TO SEE HOW ONCE YOU OPEN THE GATE
YOU CAN, HAVING AN OPINION, AND I APPRECIATE YOUR OPINION.
IT'S GREAT TO HEAR IT, BUT IT'S NOT GOING BE, I JUST HOPE THAT IT REMAINS AFFORDABLE SO THAT PEOPLE WHO CAN TAKE ADVANTAGE OF IT CAN TAKE ADVANTAGE OF ME.
WE DO A GOOD JOB OF THAT 4 55 YEARS.
IT WILL BE AFFORDABLE, I PROMISE.
I GOT, I MEAN, THAT'S, THAT'S MY, I HOPE THAT, THAT THAT'S, THAT'S, THAT'S MY ONLY THING.
I I, I'M GLAD WE'RE HAVING THE DISCUSSION, BUT AGAIN, DON'T LOSE SIGHT OF WHAT WE'RE DOING TODAY.
WE'RE GOING INTO AN EXCLUSIVE NEGOTIATION AGREEMENT.
THAT IS WHEN THE PROJECT DETAILS GET FINALIZED, THAT IS WHEN THE ACTUAL COST OF THE PROJECT GETS DEFINED.
RIGHT NOW YOU'RE BASING IT OFF OF THE CONCEPT.
UH, SO IT'LL GO THROUGH PLANNING, IT'LL GO THROUGH ENTITLEMENTS.
UH, WE'LL BE WORKING BACK AND FORTH WITH THE DEVELOPER.
WHAT THIS IS DOING NOW IS JUST LETTING US WORK THROUGH THAT PROCESS WITH THEM.
WITHOUT AN ENA, WE CANNOT WORK WITH THAT DEVELOPER TO REFINE THE PROJECT.
SO, UM, JUST TO COMMENT, BEING IN THE CITY OF WEST HOLLYWOOD, WE, WE MADE A LOT OF SIMILAR COMMENTS.
UM, SO WHAT WE TRY TO DO IS PAY A LOT ATTENTION TO THE DESIGN TO MAKE SURE THAT IT'S IMPORTANT.
THAT'S NOT ONLY COMPLIMENTARY FOR THE RESIDENTS, BUT ALSO COMPLIMENTARY FOR THE LOCAL NEIGHBORHOOD.
SO WE ARE NOT AGNOSTIC TO COMMUNITY INPUT.
SO, YOU KNOW, IF WE, WE, WE UNDERSTAND, YOU KNOW, HEIGHT AND DENSITY IS, HAS TO BE REQUIRED AT SOME POINT, BUT WE'RE, WE'RE OPEN TO BEING FLEXIBLE.
UM, WE'RE ALREADY HAVING OUR ARCHITECTS LOOK AT THE DESIGN AND SEEING HOW WE CAN SCALE IT DOWN A LITTLE BIT AND BE MORE CONFORMING TO THE LOCAL NEIGHBORHOOD.
[01:10:01]
THAT THERE'S GONNA BE A ZONING UPDATE TO THAT LOCAL NEIGHBORHOOD, A LOT OF THE BUILDINGS AND THAT SURROUNDING NEIGHBORHOOD SHOULD BE GOING UP, UH, BECAUSE THAT'S WHAT THEY VOTED ON.AND SO THE DENSITY WILL BE GOING UP.
IT'S JUST UNFORTUNATE THAT WE'RE EARLY ON IN THE PROCESS, AND SO WE WILL PROBABLY HEAR MOST OF IT AND ED SHOWS READY FOR IT.
UH, SO, BUT YOU NEED TO SET THE STANDARD TOO, RIGHT? YEAH.
AND, AND THERE'S A LOT OF UNDERUSED BUILDINGS ALONG THAT AREA.
SO, I MEAN, THIS COULD BE THE OPENING OF NEW DEVELOPMENT IN THAT AREA, WHICH I, ACROSS THE STREET, BUT, BUT IT, YEAH, TO ME, WHEN I SAY OUR PROJECTS ARE SOME OF THE BEST IN LANGUAGE, THAT'S IT.
BUT, BUT THAT'S EQUITY THOUGH, RIGHT? EQUITY MEANS THAT YOU DISTRIBUTE THESE PROJECTS THROUGHOUT THE CITY.
THAT, I MEAN, JUST BECAUSE I'M LIVING IN A LOW INCOME BUILDING DOESN'T MEAN THAT I HAVE TO BE IN A SPECIFIC AREA OF THE CITY.
SO I MEAN, I THINK THIS IS A STEP FORWARD TOWARDS GETTING US TO THAT, RIGHT? THAT WE'RE NOT JUST FOCUSING IN CENTRAL WEST LONG BEACH, THAT WE'RE STARTING TO SPREAD OUT INTO OTHER PARTS OF THE CITY THAT NORMALLY DON'T SEE, UH, LOW INCOME PROJECTS.
YOU MIGHT BE, I'M SURE YOU'LL GO THROUGH THAT WITH, WITH A PLANNING, BUT SAY A, THAT'S CALLED BLOOD COUNT.
YEAH, THAT'S YOUR ARE THERE ANY QUESTIONS? BOARD, IS THERE ANY PUBLIC COMMENT ON THIS? OKAY.
DO WE HAVE A MOTION? SO
ARE THERE ANY PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA THAT ARE OF INTEREST AND WITHIN THE PURVIEW OF THE BOARD? YES.
ARE THERE ANY COMMENTS OR ANNOUNCEMENTS FROM THE BOARD? YES.
SORRY, I SHOULD HAVE DONE THIS AS PART OF CHRISTOPHER'S, UM, PRESIDENT'S REPORT, BUT I JUST WANTED TO ANNOUNCE THAT LIZ, WHO'S SITTING HERE AT THE TABLE, HAS OFFICIALLY TAKEN OVER, NO, PROMOTED TO THE HOUSING OPERATIONS OFFICER REPLACING 11
SO SHE HAS BEEN, UH, A SUPER, YOU DON'T KNOW THEM, BUT IT'S A YEAH, TELL ME.
I, MS. SUPER VALUABLE MEMBER AND GREAT LEADER, UM, FOR OUR BUREAU FOR MANY YEARS NOW.
AND LIKEWISE, UM, SYLVIA MEDINA HAS REPLACED MY WHOLE POSITION,
AND I THINK SHE'S WORKED HERE SINCE SHE WAS LIKE 15, BUT ABOUT 20 SOME YEARS.
AND, UH, A TON OF EXPERIENCE AND PASSION, UM, COMING FROM HER.
SO WE'RE SUPER EXCITED TO HAVE OUR MANAGEMENT TEAM PULL AND MARGARET, WHO YOU, UM, HEARD FROM LAST MONTH IS OUR THIRD OFFICER.
SO, UM, WE HAVE OUR, OUR, OUR MANAGEMENT TEAM IN PLACE FOR THE BUREAU AND IT'S EXCITING TO MOVE FORWARD.
WE, A LOT OF MOVEMENT, A LOT OF POSITIVE MOVEMENT, SO THAT'S GREAT.
ARE THERE ANY OTHER ANNOUNCEMENTS? UM, I HAVE AN ANNOUNCEMENT.
SO WITH US TODAY, WE HAVE VANESSA FROM THE CITY CLERK'S OFFICE.
UM, I'M CURRENTLY DOING TRAINING ON, ON OUR NEW SYSTEM, WHICH IS CALLED ONE MEETING.
SO IF YOU CLICKED ON THE, UM, LITTLE, I GUESS LINK THAT I SENT ALL OF YOU WITH THE AGENDA, YOU MIGHT HAVE NOTICED THAT IT LOOKS A LITTLE BIT DIFFERENT.
SO THE UPCOMING DAYS, I WILL SEND YOU, UM, A CHEAT SHEET, AN OVERVIEW OF HOW TO MAYBE, UM, THE NEW THROUGH THE NEW, UH, THE NEW PLATFORM.
SO I'M GONNA SAY THANK YOU TO VANESSA, THE NEW CITY CLERK'S OFFICE FOR HELPING ME AND, UM, LOOKING FORWARD TO USING THIS NEW SYSTEM, WHICH IS VERY, VERY STREAMLINED, QUICK AND I'M GLAD I GOT A CHANCE TO USE IT.
WHO'S CONTROLLING THE POWERPOINT? THEY'RE NOT IN THIS ROOM ON THE HALL.
[01:15:05]
THANK YOU.AND BY THE WAY, FULL DISCLOSURE, THE REASON WE BROUGHT UP, I'M GONNA ANNOUNCE OR REMIND PEOPLE THAT WE'RE BEING RECORDED BECAUSE WE'VE HAD SOME EXPERIENCE LATELY WHERE WE FOUND OUT HOW SENSITIVE THE RECORDER IS.
SO IF YOU'RE WHISPERING SOMETHING TO YOUR FELLOW BOARD MEMBER, IT MIGHT GET PICKED UP HOT BY YOU.
UM, ARE THERE ANY OTHER ANNOUNCEMENTS? YEAH, SORRY I WAS LATE.
I WAS IN ANOTHER MEETING, BUT HAPPY THANKSGIVING.