The URL can be used to link to this page

Home My WebLink AboutRDA RES 269RESOLUTION NO. 269 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY ADOPTING THE AFFORDABLE HOUSING PLAN FOR PROJECT AREAS NOS. 1, 2 AND 3. The Palm Desert Redevelopment Agency hereby finds, determines, and resolves as follows: Section 1. Section 33413 of Redevelopment Law requires the preparation of an Affordable Housing Plan describing how the Agency will meet affordable housing goals. Section 2. The attached Affordable Housing Plan, Exhibit "A", describes the affordable housing needs in each Project Area and a Plan to meet those needs as required by Section 33413 by the Year 2003. §ection 3. The Palm Desert Redevelopment Agency's Affordable Housing Plan, Exhibit "A", is hereby adopted. PASSED, APPROVED AND ADOPTED, this 8th day of April, 1993. AYES: NOES: ABSENT: ABSTAIN: KELLY, SNYDER, WILSON, BENSON NONE CRITES NONE 1^- lilo t let.„7 N. Benson, Chairperson i7 1 Sheila R:�dilligan,,$ cretary PALK DIM? RIDNVILOPNINT AGENCY APPORDABLN eovsrm PLAN I. AAMMQUHR Section 33413 of the Redevelopment Law requires that 30% of all new or rehabilitated units developed by the Redevelopment Agency within a project area be affordable by low and moderate income households of which 50% must be reserved for very low income. In addition, 15% of All the new or rehabilitated units constructed within the project area by other public or private activity shall be affordable by low or moderate income households of which 40% must be reserved for very low income households. Each Redevelopment Agency must prepare and adopt an Affordable Housing Plan (AHP), which analyzes and describes how Section 33413 requirements will be met. II. JILLIWIGARigiumagima within the City of Pala Desert, there are three Redevelopment Project Areas. Project Area No. 1 was created in 1975 and includes the Highway 111/B1 Paseo Commercial corridor. The original area contained only a small 32 lot residential subdivision which was substantially built -out prior to 1975. There has been no new residential construction or rehabilitation in this neighborhood. In 1981, Project Area No. 1 was expanded to encompass virtually all areas of the City south of the Whitewater Storm Channel including 90% of the City's then existing residential neighborhoods. Project Area No. 2 was created on June 27, 1987, and included substantial vacant residential land north of Country Club Drive. Project Area No. 3, created on July 17, 1991, includes a mixture of older residential and industrial uses. The total number of new or substantially rehabilitated residential waits constructed within the three Project Areas by public or private entities, other than the Agency, up to January 1, 1992, is 5,118. while the Agency has provided rent and mortgage subsidies to very low, low, and moderate income households, it has not been directly involved in the development of any residential units. The following table summarizes residential construction activity, and the corresponding low/moderate income needs for each Project Area: PROJECT AREA *1 PROJECT PROJECT WANDS') AREA 42 AREA 83 222115. New Units 4,013 1,107 4 5,124 Rehab Units 64 TOTAL 4,077 1,107 4 5,188 Low/Moderate Requirement 367 100 1 468 Very Low Requirement 24S ii - 311 TOTAL 612 166 1 779 III. FUTVRI MUDS The following table represents a 10-year projection for new residential construction and rehabilitation for each Project Area. New Units Rehabilitated Units TOTAL Low/Moderate Requirement 60% Very Low 40% „AL Existing Need TOTAL PROJECT ARIA 61 PROJECT PROJECT AU& LZ ARIA *3 TOTAL 867 3,387 292 4,546 1,187 3,387 292 4,866 106 305 26 438 71 203 _11 292 178 508 44 730 612 116 1 779 790 624 45 1509 IV. AFP0RDABLE MOUSING PLAN Beginning in 1983, the Pala Desert/Redevelopment Agency has pursued a variety of programs to promote housing affordable by low and moderate income households, including density bonus, 2 J 1) tax-exempt bond financing, inclusionary zoning, impact fees, land banking, direct loans and rental subsidies. While the Redevelopment Agency has not itself developed housing, agreements with private developers, private non-profit housing corporations, and the Riverside County Housing Authority have produced 749 low/moderate income units, including 289 very low income units. The following analysis describes the existing affordable housing developed in each Project Area and the plan to seat the projected needs for the Tear 2003. pROJECf ARRA NO. 1 A. jxlstina Proaram imulamentatioa 1. Rental Assistance Proaria. The Redevelopment Agency (RDA) through a lousing Assistance Payment Contract (HAP) with the Riverside County Housing Authority (HA) provides rental subsidies to apartment projects owned by the HA. The HA uses HUD section 8 rules for determining affordable rents and subsidy payments. The following lists HA projects within Project Area No. 1 and the number of units assisted by the RDA Housing fund. One Quail Place 155 101 92 348 Desert Pointe 29 21 14 64 Pueblos 5 5 5 15 Neighbors 4 5 15 24 Catalina _21 -11 _ 71 TOTAL 217 156 150 523 2.1111,.--UOJAILAQUalag. The RDA assisted with the Coachella Valley lousing Coalition in a program involving 11 low income households in the Each construction of their own hoses• participating household was required to commit at least 40 hours per week. The RDA provided 11 lots, within the Palma Village Area, valued at $297,000 and $43,278 in direct assistance from tax increment. she Coachella Valley Housing Coalition acted as the general contractor. The California 3 Housing Finance Agency provided 4473,392.09 in financing. 3. Density Bonus Units. Under Goverment Code section 65915 and the City's Senior Overlay Zone, 4 rental projects received density bonuses and are providing 25 low and moderate income units through development agreements with the city. 4. portola Palms Mobil. Hose Park Conversion The program involves the purchase of a rental mobile home park by the coach owners association with the ultimate goal of selling the individual spaces to existing residents. The purchase was financed by a $600,000 contribution from the RDA tax increment, $850,000 from the State MPROP, and a $3,000,000 private interim loan. The program will assist approximately 40 low and moderate income households. PROJECT ARIA 01 _JIMMY VARY IAY OWNORMAATI =AL Year 2003 Goal 316 474 790 Units Developed 222 377 599 Unmet Need 94 97 191 H. ruture Proaram Goals 1. Amntal Rababilit tion and Assistance. Project Area No. 1 contains a significant number of deteriorating rental units currently occupied by low/moderate income households who pay significantly more than 30% of their income on housing. Through direct agreements between the RDA and the current owner, or private non-profit who will purchase these projects, units will be rehabilitated and then added to the Rental Assistance Program. 2003 Gflal: 250 units rehabilitated and assist 100 very low; 100 low; and 50 moderate. 2. yigae Family. sinale-family OwnershiU. To meet the needs of low/moderate income families needing 3 and 4 bedrooms, a 161-unit single-family project will be built by a joint venture between a private developer and a private non-profit housing 4 corporation with RDA assistance. The units will be made affordable over a 5-year period through a lease/option contract. Resale provision will ensure occupancy by qualified low/moderate income household in perpetuity. Since there were no available sites within the Project Area for this project, the development will be constructed on 23 acres directly adjacent to the Project Area, and will be assisted with Project Area funds. Groundbreaking is scheduled for July, 1993 with occupancy beginning June 1994. Year 2003 Goal: 81 low income units; 80 moderate income units. pfOJICT ARIA NO. a A. Existina Proaraa ImDlementatiQn 1. Rental Assistance Proar4 a. Las Serena' Senior Apartments. Through a HAP contract with the HA, the RDA provides rental assistance to 67 very low income, 42 low income, and 41 moderate income units with the development. (Although not inside a Project Area, the complex is within .75 ails of Project Area No. 2 and is assisted with Project Area No. 2 Housing Funds.) PROJHCT ARIA 11,2 vsit� LQti ____ •-��-- Year 2003 Goal 269 405 674 Affordable 1�4 units Developed -12. -12 Unmet Need 202 322 524 B. future Proaram Goals The RDA owns 133 acres on the north side of the Project Area for the purpose of providingtypes s t s meet r the the development of a variety of housing needs of the low and moderate income employees working within the Project Area. Sites will be made available to both private for profit and non-profit housing builders for the development of rental and and moderate units income affordable by very low, low, households. The aasterplan will also coaspublic park, a child care center, and neighborhood 5 Z . S'DL" _ T' „O . `YY? facilities. Within the planned community, it will be the RDA's goal to promote the broadest possible balance and integration of very low, low, and moderate income households. To achieve the stated 2003 goal, 630 units will be constructed equally divided between the three income groups. PROJECT ARIA NO. 3 A. $stina Program Implementation Project Area No. 3 was formed in July of 1991. There has bean no low/moderate units developed since formation. While some market housing is currently under construction, there had been only 4 units completed as of December 31, 1992. PROJECT AREA *3 SillQIAR2 VERY LOW j.OW/NODERATI TOTAL Year 2003 Goal 18 27 45 B. Future Proaram Goals • The Project Area is predominantly made up of discreet single-family neighborhoods and industrial subdivisions. To remain consistent with the existing residential pattern, the 45-unit goal will be achieved through adoption of the single-family ownership, self-help housing program which was successfully completed in Project Area No. 1. While the former program was designed for low income households, the inclusion of smaller sore economical attached units will expand the program to very low income households to meet the 2003 goal. PRQGRAN SDl01ARY The Year 2003 goal; 1509 units Total Affordable Units Developed; 749 Unmet Need; 760 V. JINANCIAL RESOURCES In the attached program financial spreadsheet, RDA revenues and housing expenditures through 2003 are analyzed. Adequate revenues are available to most the 2003 goals. 6 9 1 0 8 IlkhliZ 4144 114-Ino f t1,1 0 l 1 a O r 0 1 5 1 Eirk O IY