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HomeMy WebLinkAboutRES HA-62RESOLUTION NO. HA- 62 A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY RESCINDING RESOLUTION NO. HA-51, AND AMENDING THE PROCEDURE FOR SETTING RENTAL RATES AND THE IMPLEMENTATION THEREOF WHEREAS, the Palm Desert Housing Authority (the "Housing Authority") wishes to amend the procedure, 1) to set and implement annual rental rates and maximum rent for residential rental units owned and/or operated as affordable by the Palm Desert Housing Authority ("Authority Unit(s)") for the purpose of providing affordable housing to persons and families of low or moderate income and 2) to increase rents charged for Authority Units in accordance with such rates; NOW, THEREFORE, THE PALM DESERT HOUSING AUTHORITY HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: Section 1. Setting Annual Rental Rates and Maximum Rent A. The Executive Director shall set annual rental rate amounts for Authority Units to be effective each year on July 1st or 30 days from the date that the area median income limits are published by the California Department of Housing and Community Development ("HCD"), whichever is later, in the following manner. For Authority Units acquired, developed, rehabilitated, or otherwise assisted, which are required to be available to and occupied by (a) persons and families whose income is between 20 percent and 65 percent of the area median income, or (b) by persons and families of low or moderate income, annual rental rates shall be set in accordance with the terms of that certain Stipulation for Entry of Judgment in Case No. Indio 51143, as subsequently amended (the "Stipulation") to adhere with state regulations adopted pursuant to California Health and Safety Code section 50052.5, 50053, 50079.5, 50093 and 50105 as they existed prior to 1990 and as interpreted at that time by Title 25 California code of Regulations, 6900 et seq., and any amendments made thereto. B. In no event shall the annual rental rate for any Authority Unit exceed the affordable rent for that unit as calculated in accordance with Health and Safety Code Section 50053 and as interpreted by Title 25 California code of Regulations, 6900 et seq., or exceed affordable rent as determined by any state, federal, or other public agency guidelines that provide supplemental rental assistance to the persons of that unit or on behalf of that unit. For tenants that receive such supplemental rental assistance and whose maximum rent, calculated by the assistance provider, is less than the maximum or market rent established by this policy, the rent calculated by the assistance provider shall be the maximum amount changed for that unit. C. The Executive Director shall set maximum rents concurrently with the annual rental rates each year as follows. RESOLUTION NO. HA - 6? i. For all Authority Units, which are required to be available at an affordable housing cost to persons and families of low or moderate income, maximum rent shall be set by unit type in an amount equal to the lesser of: a. The Fair Market Rents in effect at the time the annual rental rates are set, pursuant to Section 1. A. of this Resolution, as published by the U.S. Department of Housing and Community Development ("HUD") for Riverside County; or b. The Housing Authority of the County of Riverside ("HARivCo") Voucher Payment Standards, including any reasonableness adjustments. ii. The Executive Director may establish and/or revise market rents (the "Authority Market Rents") by unit type for the Authority Units based on either: a. A survey of current rents for units within the City, which are comparable to the Authority Units, using newspapers, internet research, property owner interviews, property manager interviews, published market analysis for the area, or rental magazines, that indicates the maximum rent for any unit, established according to C.i. above, exceeds the rent that is comparable for the area by 10% or more for a studio or 1 bedroom unit or by 15% or more for a 2 or more bedroom unit; or b. A professionally prepared comparative area market analysis of rental rates for rental units similar in size and unit mix to the Authority Units. iii. The Executive Director may reduce rental rates below the Authority's Market Rate for any Authority Unit to compensate for the unusual property condition of such unit. Section 2. Implementation of Rental Increases A. For each Authority Unit, after proper notice is given; i. Any increase in the annual rental rate established pursuant to Section 1. A. of this Resolution shall be implemented upon vacancy or at lease renewal, except if the unit or the property on which the unit is located is in need of renovations, the rental rate increase may be deferred by the Executive Director until completion of the renovations or the increase(s) may be Tess than otherwise provided for pursuant to Section 1. A. of this Resolution. ii. Where the implementation affects public, federal or local rental assistance, or in instances where 12-month leases are required for other purposes, the full amount of the rental rate increase shall be 2 P6402\0001\869149.6 G:\HOUSuNG\Jessica Gonzales\HOUSING AUTHORITY.RENTAL RATES .Rental Policy 2014 AmendmenttResolut ion Amending 11A-51 Rental Rate Policy FTIAL.doc RESOLUTION NO. HA - 62 implemented at lease renewal or as may otherwise be required in connection with such rental assistance, including any calculations pursuant to Section 1. B. of this Resolution. iii. The Executive Director, in his or her sole discretion, may determine that the full amount of the maximum rent increase pursuant to Section 1. C. i. should not be implemented and that such increase should instead be phased in pursuant to an implementation plan, which implements a series of reasonable increases until the full maximum rent increase has been realized or until vacancy of the unit. Section 3. Tenant income shall be calculated pursuant Title 25 California Code of Regulations, Section 6900 et seq. and adjusted for family size. Tenant income shall be sufficient to pay affordable rent as determined for that unit in accordance with Title 25 California Code of Regulations, Section 6900 et seq., the Stipulation or Health and Safety Code Section 50053. Section 4. Utility Allowances as prescribed in Health and Safety Code Section 50053, shall be set in accordance with the utility allowances in effect at the time the annual rental rates are established in accordance with Section 1.A. for each unit type as published by HARivCO. Section 5. The Executive Director may take any other action which he deems necessary to facilitate, modify, establish and implement the intent of this resolution so long as such action is not inconsistent with the terms hereof. PASSED, APPROVED, and ADOPTED by the Palm Desert Housing Authority, this 27th day of March, 2014, by the following vote, to wit: AYES: BENSON, HARNIK, SPIEGEL, WEBER, and TANNER NOES: NONE ABSENT: NONE ABSTAIN: NONE Van G. Tanner, Chairman PALM DESERT HOUSING AUTHORITY ATTEST: R. -helle D. ' lassen, Secretary PALM DESERT HOUSING AUTHORIT 3 P6402\0001\869149.6 G:\t1ot151RGVessica Gonzales \HOUSING AUTHORITV,RFNTAI. RATI S Rental Policy 2014 AmendmentiResolut ion Amending IIA-51 Rental Rate Policy PINAI doc