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HomeMy WebLinkAboutHousing Division - Civic Academy 4-14-2025Housing Division Finance Department January 30, 2025 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 ▪98% occupied ▪Requires annual income recertification ▪Falkenberg/Gilliam & Associates ▪Day-to-Day Operations and Maintenance 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 ▪ Pre-Qualified Interest-List Applicants ▪Annual review of properties for program compliance 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 (Under construction) ▪Crossings at Palm Desert: 175 +1 manager unit ▪Palm Villas: 239 + 2 manager units ▪Agate at Palm Desert: 149 units + 1 manager unit (Under construction) ▪Millennium Apartments: 66 units, 264 market (Under construction) ▪The Sands Apartments: 88 units, 388 market Rent Review: Mobile Home Parks ▪Mobile Home Park Rent Review established in 1983 ▪Municipal Code 9.50 outlines Rent Review ▪Requires annual compliance review