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HomeMy WebLinkAboutResolution 587 Replacement Housing Plan for Adobe Villas ApartmentsPALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: ADOPT RESOLUTION NO. 587 APPROVING THE REPLACEMENT HOUSING PLAN FOR ADOBE VILLAS APARTMENTS SUBMITTED BY: Jessica Gonzales, Management Analyst - Housing DATE: July 14, 2011 CONTENTS: Resolution No. 587 Adobe Villas Apartments Replacement Housing Plan Recommendation That the Agency Board waive further reading and adopt Resolution No. 587 , approving the Replacement Housing Plan for the Adobe Villas Apartments, substantially in the form attached. Executive Summary The Redevelopment Agency is required by law to adopt a Replacement Housing Plan whenever the Agency takes action that would lead to the destruction or removal of dwelling units from the lower and moderate income housing market. As part of the proposed development of a public parking lot on the Adobe Villas Apartments property ("Project"), the Agency will remove 12 apartment units, of which 5 units were available to lower and moderate income households. Pursuant to applicable provisions of the Community Redevelopment Law, such removal requires that the Agency "replace" those units within four years. The Replacement Housing Plan has been prepared to identify designated replacement units that are and/or will be available to replace these 5 units within the required time period. Backqround In April 14, 2011, the City Council and Agency approved a Relocation Plan ("Plan") for Adobe Villas Apartments. Only 7 of the 12 units were occupied at the time the City/Agency approved the Plan. The Project would require the displacement of the tenants occupying these 7 units. The Agency is providing relocation assistance and benefits to these tenants. The Agency proposes to remove the existing 12 apartment units that make up the Adobe Villas Apartments. Pursuant to Health and Safety Code Section 33413, the Agency is required to adopt a Replacement Housing Plan ("RHP") whenever the Agency takes action that would lead to the destruction or removal of dwelling units housing lower and moderate income household from the housing market in order to ensure that the removed housing will be replaced. The law further requires the Agency to replace the removed housing within four years. The Agency has prepared a RHP based on the redevelopment and removal of the Adobe Villas Apartments located at 45-330 Ocotillo Drive, Palm Desert (identified as APN 627-232- 005). Five of the twelve units at Adobe Villas were occupied by lower and moderate income Staff Report Adobe Villas Apartments Replacement Housing Plan July 14, 2011 Page 2 of 2 households at the time the Agency approved the redevelopment of the property to construct the Project. Accordingly, the Agency must replace these 5 units within the four-year time limit. The Agency anticipates that the tenants occupying these 5 units will vacate the units by July 30, 2011. The RHP describes and details the housing units (existing and/or approved) that will be used to `replace' the housing units removed. The RHP includes (1) the general location of housing to be rehabilitated, developed, or constructed; (2) an adequate means of financing such rehabilitation, development, or construction, (3) a finding that the replacement housing does not require the approval of the voters pursuant to Article XXXIV of the California Constitution, or that such approval has been obtained, (4) the number of dwelling units housing persons and families of lower or moderate income planned for construction or rehabilitation, and (5) the timetable for meeting the RHP's relocation, rehabilitation, and replacement housing objectives. In addition, the RHP has been available for review by the public since June 9, 2011. Staff therefore recommends that the Agency Board approve the RHP as presented to comply with the requirements of Health and Safety Code Section 33413. Fiscal Analysis No further fiscal impact is anticipated at this time with the exception of the previously approved consultant costs for the development of the Plan and the relocation assistance benefits to the tenants. Submit t by: Jes i a Gonzales anagement Analyst Approval: / o Ju n cCarthy, A ed 3velopment Department He . (Joet Moore, Director of Housing ohn M. ohlmuth, Executive Director G \rda\HOUSING\RENTAL\Adobe Villas Apts\Adobe Villas Relocation -Replacement Project\Staff report Replacement Housing Plan (Adobe Villas) 071411 doc RESOLUTION NO. 587 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY APPROVING THE REPLACEMENT HOUSING PLAN FOR ADOBE VILLAS APARTMENTS NOW, THEREFORE, THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: Section 1. The Palm Desert Redevelopment Agency ("Agency") is required to adopt a Replacement Housing Plan that details the measures the Agency will take to replace units housing lower and moderate -income households within four years of removal of said units ("four-year period"). Section 2. The Agency is proposing to develop a public parking lot on the Adobe Villas Apartments property ("Project"). The property is located at 45-330 Ocotillo Drive in Palm Desert, California and identified as APN 627-232-005 (the "Property"). Section 3. As part of the Project the Agency proposes to remove the 12 multi -family apartment units at the Property of which 5 were available to lower and moderate income households. Section 4. The Agency hereby adopts the Replacement Housing Plan (the "RHP") attached hereto and incorporated herein by this reference. The RHP details the measures the Agency will take to replace the housing units removed in connection with the Project. The RHP also includes a description of the number of housing units that were available to lower and moderate -income households that will be removed in connection with the Project. Section 5. The RHP describes the housing units, existing and/or approved for construction, that will be available within the four-year period to replace all affordable housing units removed as part of the project. Section 6. The Executive Director of the Agency shall have the authority to implement and administer the RHP in accordance with its terms so long as such action is not inconsistent with the RHP's intent. PASSED, APPROVED AND ADOPTED by the Palm Desert Redevelopment Agency, this _ day of _ 2011 by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: Jean Benson, Chairman ATTEST: Rachelle D. Klassen, Secretary G.\rda\HOUSING\RENTALWdobe Villas Apts\Adobe Vilas Relocation -Replacement Project\Reso Replacement Housing Plan - Adobe Villas 7-14-11 doc FINAL Plan for the 45-330 City of Replacement Housing Property Located at Ocotillo Drive in the Palm Desert Prepared by: City of Palm Desert Redevelopment Agency 73510 Fred Waring Drive PALM DESERT, CA 92260-2524 JULY 2011 G:\rda\HOUSING\RENTAL\Adobe Villas Apts\Adobe Villas Relocation -Replacement Project\FINAL Adobe Villas Replacement Housing Plan 7-14-11.doc TABLE OF CONTENTS A. Introduction.................................................................................................................................................. 1 B. Units to Be Replaced...................................................................................................................................2 C. Annual Income Restrictions......................................................................................................................3 D. Location Of Replacement Housing.........................................................................................................3 E. Financing the Replacement Housing......................................................................................................4 F. Non -Applicability of Article XXXIV of the California Constitution.......................................................4 G. Time Table for Replacement Housing.....................................................................................................5 H. Summary .......................................................................................................................................................5 Addendum 1 - Expected Location of Income -Restricted Replacement Units.....................................6 LIST OF TABLES Table 1: Replacement Housing Requirements by Bedroom Size & Income Level ...........................2 Table 2: Housing Eligibility by Annual Income Level...............................................................................3 Table 3: Affordable Housing Projects/Banked Units & Bedrooms........................................................4 Adobe Villas Apartments City of Palm Desert Replacement Housing Plan July 2011 A. INTRODUCTION This Replacement Housing Plan ("RHP") is being prepared by the Palm Desert Redevelopment Agency ("Agency") in conjunction with the demolition of a twelve unit multi -family property and subsequent redevelopment of the property currently known as the Adobe Villas Apartments (the "Property"). The Property is located at 45-330 Ocotillo Drive in Palm Desert, California and identified as APN 627-232-005. The Agency and/or the City of Palm Desert ("City") are proposing to develop a public parking lot on the Property ("Project"). Attachment 1 shows the location of the Project. The City owns the property. This RHP has been prepared by the Agency as a result of the planned removal of the 12 units described above and in order to satisfy the requirements for replacement housing contemplated under the Community Redevelopment Law. The Agency intends to make this RHP available for review and comment for the prescribed period of 30 days. This RHP describes the following, per Community Redevelopment Law ("CRL"): • The general location of the replacement housing (see Section D below); • An adequate means of financing the replacement housing (see Section E below); • A finding that the replacement housing does not require the approval of the voters of the City of Palm Desert pursuant to Article XXXIV of the California Constitution (see Section F below); • The number of replacement housing units planned for construction and rehabilitation (see Section D below); and • The timetable for meeting the replacement housing objectives (see Section G below). The Agency's goal in preparing this RHP is to demonstrate that it is feasible to provide replacement housing in accordance with the requirements of federal law and the CRL. Section 33413(a) of the Community Redevelopment Law (Health and Safety Code Section 33000, et seg. requires that whenever dwelling units housing persons and families of lower or moderate income are destroyed or removed from the lower and moderate income housing market as part of a redevelopment project, which is subject to a written agreement with a redevelopment agency or where financial assistance has been provided, the agency shall within four years of the destruction or removal, rehabilitate, develop, construct, or cause to be rehabilitated, developed, or constructed, for rental or sale to persons and families of lower or moderate income, an equal number of replacement dwelling units that have an equal or greater number of bedrooms as those destroyed or removed units at affordable housing costs within the territorial jurisdiction of the agency. When dwelling units are removed after January 1, 2002, 100% of the replacement dwelling units shall be available at affordable housing cost to persons in the same or a lower income category, as the persons displaced from those destroyed or removed units. Section 33413.5 of the Community Redevelopment Law requires an agency to adopt a replacement housing plan whenever the agency executes an agreement for acquisition of real property, or an agreement for the disposition and development of property or an owner participation agreement which would lead to the destruction or removal of dwelling units from the Adobe Villas Apartments City of Palm Desert Replacement Housing Plan July 2011 lower and moderate income housing market. The replacement housing plan shall identify the impacts that a particular redevelopment project will have on the community's supply of lower and moderate income housing and detail the measures that the agency will take to ensure that the appropriate replacement housing is produced within the four year time limit. Replacement Units must have an equal or greater number of bedrooms as the removed units. The replacement units must be within the agency's jurisdiction and in standard condition, and must be affordable to lower and moderate income households, for the longest feasible time, as determined by the agency, but for not less than 45 years for ownership units and 55 years for rental units. B. UNITS TO BE REPLACED At the time the City and Agency approved the Project, seven of the twelve units to be removed were occupied. The Agency expects that these units will be vacated by July 30, 2011. Five of the seven occupied dwelling units have been determined to be units occupied by lower to moderate -income households. Pursuant to the Community Redevelopment Law, these five units shall be replaced with dwelling units having an equal or greater number of bedrooms. The units to be replaced consist of 2 one -bedroom units and 3 two -bedroom units. As a result, the replacement units must consist of at least eight bedrooms. Based on the income levels of the persons displaced from the units, four of the replacement units must be available at affordable housing cost to lower income households and one of the replacement units must be available at affordable housing cost to a moderate income household. The units are anticipated to be removed in the year 2011. Therefore, all replacement units must be available by 2015, within 4 years after removal of the units. Table t defines the replacement housing obligation by income level. The numbers under each household income category indicate the total units to be replaced and the numbers in parenthesis indicate the total number of bedrooms destroyed for each income level. TABLE 1 REPLACEMENT HOUSING REQUIREMENTS BY BEDROOM SIZE & INCOME LEVEL Unit Size Very -Low Income Low Income Moderate Income One Bedroom 1 1 0 Two Bedroom 1 1 1 (2) (2) (2) Adobe Villas Apartments Replacement Housing Plan Totals 2 (2) 3 (6) City of Palm Desert July 2011 C. ANNUAL INCOME RESTRICTIONS California Health and Safety Code Sections 50079.5 and 50105 provide that the moderate, low and very -low income limits established by the U. S. Department of Housing and Urban Development ("HUD") are the state limits for those income categories. Sections 50079.5 and 50105 direct the Department of Housing and Community Development ("HCD") to publish the income limits. The following figures, shown in Table 2, are approved for use in the County of Riverside to define and determine housing eligibility by income level: TABLE 2 HOUSING ELIGIBILITY BY ANNUAL INCOME LEVEL Income Category 1 2 3 4 5 6 7 8 Person Person Person Person Person Person Person Person Extremely Low 13,650 15,000 17,550 19,500 21,100 22,650 24,200 25,750 (30% of Median) Very Low (50% of median) 22,750 26,000 29,250 32,500 35,100 37,700 40,300 42,900 Lower 36,400 41,600 46,800 52,000 56,200 75,400 64,500 68,650 (80% of median) Median 45,500 52,000 58,500 65,000 70,200 75,400 80,600 85,800 000% of median) Moderate 102,95 (120% of median) 54,600 62,400 70,200 78,000 84,250 90,500 96,700 0 Area Median Income: $65,000 SOURCE: HCD, June 2010. D. LOCATION OF REPLACEMENT HOUSING The Agency has several options available to provide replacement housing, including units subject to a restrictive covenant, acquisition, rehabilitation, new construction, and the allocation of "banked" dwelling units from prior development activity. The Agency has previously funded, restricted or caused to be developed, affordable housing projects that provide surplus dwelling units and bedrooms that can be allocated by the Agency for future housing obligations. The Agency has a number of "banked" dwelling units/bedrooms to satisfy the replacement housing obligation. Such units together with the approved units that have not yet been constructed, (identified in Table 3 and Addendum 1) constitute a sufficient number of replacement units. As described in Table 3, the following affordable housing units/bedrooms have been developed, or are planned to be developed, within the Agency's jurisdiction. All such units are/will be available at an affordable housing cost to lower or moderate income households and subject to a restrictive covenant ensuring such affordability for not less than 55 years for rental units and 45 years for owner occupied units. Addendum 1, at the end of the RHP, outlines the locations or proposed locations of these affordable units. Adobe Villas Apartments City of Palm Desert Replacement Housing Plan July 2011 3 Table 3 Affordable Housing Projects/Banked Units & Bedrooms Very Low Moderate Unit Size Income Low Income Income Net Banked (Existing) Units / No. of Bedrooms 2/3 2/3 8/16 Projects Units/Bedrooms to be provided 0/0 31/52 31/50 (Approved but not yet constructed) Required Replacement Units / No. of Bedrooms 2/3 2/3 1/2 E. FINANCING THE REPLACEMENT HOUSING The Agency is authorized to finance its activities with moneys from various sources, including the City of Palm Desert, State of California, United States Government, property tax increment funds, interest income; Agency bonds, or other available sources. The existing units to be used for replacement units, have been acquired, constructed or rehabilitated with various funding sources including tax increment funds; below market rate financing through the sale of tax exempt mortgage revenue bonds; redevelopment twenty percent set -aside funds; and developer funds. Funding for the development of affordable housing units identified in the preceding section as "approved but not yet constructed" may utilize a variety of sources including: State or Federal grants and loans, tax increment funds; below market rate financing through the sale of tax exempt mortgage revenue bonds; redevelopment twenty percent set -aside funds; and developer funds. Specific funding for future replacement housing units may be through the use of any combination of the above described methods and sources. As replacement units, the Agency may count units developed by private developers pursuant to the City's Density Bonus program provided that units are subject to a restrictive affordable housing covenant enforceable by the Agency. F. NON -APPLICABILITY OF ARTICLE XXXIV OF THE CALIFORNIA CONSTITUTION It is hereby found and determined that the replacement housing identified in this RHP does not require approval of the voters of the City of Palm Desert pursuant to Article XXXIV of the California Constitution. A portion of the housing identified in this RHP is not subject to the voter approval requirements of Article XXXIV because such housing is or will be privately owned, not exempt from real property taxes by reason of public ownership, and not financed with direct long term financing from a public body. In addition, the Agency will not "develop, construct, or acquire" housing as described in Section t of Article XXXIV of the California Constitution because in providing assistance to developers, the Agency will only monitor construction or rehabilitation of the project and compliance with conditions of the assistance to the extent of carrying out routine governmental functions, performing conventional activities of a lender, and imposing constitutionally mandated or statutorily authorized conditions. Adobe Villas Apartments City of Palm Desert Replacement Housing Plan July 2011 G. TIME TABLE FOR REPLACEMENT HOUSING The Agency has provided a considerable degree of continuing support in the construction and/or rehabilitation of replacement housing units sufficient to address the replacement requirements of affordable housing discussed in this RHP. It is the intent of the Agency to use "banked" previously developed housing units and if necessary housing units that have been approved but not yet constructed to fulfill its replacement housing requirement. The Agency acknowledges that replacement housing units must be affordable in the same, or lower income categories than those being removed from the lower and moderate income housing market and will ensure that this result is realized. Further, any units developed as replacement housing units will be completed within four years and will remain income -restricted for the appropriate period as required by law. H. SUMMARY In summary, a total of 18 bedrooms and 12 dwelling units will be removed; eight bedrooms in five units occupied by lower and moderate income households will be replaced. Based on the 100% replacement criteria by income level, the Agency through a variety of replacement housing options will replace the eight bedrooms affordable to lower to moderate income households by using previously developed housing units as well as units that have been approved but not yet constructed. The result of the above actions will yield the required number of replacement dwelling units as mandated under Community Redevelopment Law. The Agency recognizes its legal and community responsibilities in this matter and will make a sincere, good -faith effort to accomplish these goals. The Agency retains its option to use other approaches and strategies not discussed herein to fulfill its replacement housing obligations in a timely manner. Adobe Villas Apartments City of Palm Desert Replacement Housing Plan July 2011 ADDENDUM 1 - EXPECTED LOCATION OF INCOME -RESTRICTED REPLACEMENT UNITS The following are the proposed and expected locations of income -restricted units which will be used to meet the Agency's replacement obligation of five units with not less than eight bedrooms. Bedrooms & Income: Replacement Scheduled Locate Completion: Very Low Income: Las Serenas Completed 73-315 Country Club Drive Palm Village Completed 73-650 Santa Rosa Way Low Income: Las Serenas Completed 73-315 Country Club Drive Palm Village Completed 73-650 Santa Rosa Way Canterra Apartments II To be completed 74-401 Hovley Lane Moderate Income: Sares Regis 35-751 Gateway Drive Completed Palm Desert 103 To be completed (Formerly Emerald Brook/WNRA) It is the adopted policy of the Agency to promote the assimilation of affordable housing throughout the City to the maximum extent possible in order to avoid concentrations of lower - income housing in certain neighborhoods. Adobe Villas Apartments Replacement Housing Plan City of Palm Desert July 2011 t: