HomeMy WebLinkAboutCMB Housing Division PresentationHousing
Division
Economic Development
Department
December 15, 2022
Palm Desert
Housing Division
Affordable Apartment Rental
Program
First Time Homebuyer Program
Home Improvement Program
Private Developer Partnerships
Rent Review Chapter 9.50
Affordable
Apartment Rental
Program
1,114 affordable rental units
99% occupied
Requires annual income
recertification
RPM Company
Day -to-Day Operations and
Maintenance
Renovations
Examples: Tub Conversions across multiple properties
AfterBefore
Current Capital Improvement Projects –
Taos Apartments Trellis and Entryway Rehabilitation
Rendering
First-Time
Homebuyer Program
292 Affordable Homes
Falcon Crest : 93 Homes
Desert Rose: 161 Homes
Portola Palms Mobile Home Park: 20 Homes
Infill Homeownership: 18 Homes
20 Pre-Qualified Interest-List Applicants
3 more applications under review
Annual review of properties for program
compliance
Merle Dr. Self-Help Partnership with CVHC
Emergency Home
Improvement
Program
A qualified applicant is:
A City of Palm Desert Homeowner of:
A Single Family Home or Mobile Home
The home is their primary residence
Verified income of Low or Very-Low
Emergency repairs include:
Repair/replacement of air conditioning units,
heating systems, leaky roofs or plumbing,
and other health and safety related repairs
Private Developer
Partnerships
Incentives program
340 units with affordability
restrictions over 10
properties
Affordability Restrictive
Agreement is recorded on
properties
Annual compliance review
Upcoming
Development
Opportunities
983 housing units under way:
Vitalia: 266 + 3 manager units
Crossings at Palm Desert: 175 +1
manager unit
Palm Villas: 239 + 2 manager units
Gerald Ford Apartments: 149 units
+ 1 manager unit
Millennium Apartments: 66 units,
264 market
The Sands Apartments: 88 units,
388 market
Vitalia UHC Project Palm Villas
Total Units 269 176 241
Total Affordable Units 266 175 239
Authority Restricted Units 81 175 239
Extremely-Low Income Units 81 175 239
Project Based Vouchers 0 88 60
Average AMI %55%46%49%
Total Development Costs $336,000/Du $581,900/Du $539,300/Du
Includes Prevailing Wages No Yes Yes
Authority LMIHAF Assistance $6,030,000 7,235,000 $6,755,000
/Total Units $22,400 $41,100 $28,000
/Affordable Units $22,700 $41,300 $28,300
/Authority Restricted Units $74,400 $41,300 $28,300
/Authority ELI Units $74,400 $77,800 $93,800
Approved Development Financial Assistance
Rent Review: Mobile
Home Parks
Mobile Home Park Rent
Review established in 1983
Municipal Code 9.50 outlines
Rent Review
Requires annual compliance
review
Housing
Division
Team