HomeMy WebLinkAboutAgenda Statement 1985/05/28 Item 6 COUNCIL AGENDA STATEMENT
Item 6
Meeting Date
[TEM TITLE: Resolution I2io2, Approving Housing Cooperation Agreement with the
Appel Development Corporation for affordable senior housing units
(4/5ths Vote: YES N0X)
iUBMITTED BY: Community Development Director '6`! '�
City r
REVIEWED BY: Y Manager
1n February 2, 1982, the City Council approved Conditional Use Permit PCC-82-4 which
provided for development of Park Fifth Avenue, cwhichdthe density
project wastapprovedtial
project. The Senior Housing Development Policy under
•equires that the project units be restricted to occupancy byia and
ebeirffordabhesto l ow
ncome senior tenants. An agreement assuring that occupancy
Irepared. _
;ECOMMENDATION: That the City Council Cod°orathonResolution
controllingpthevocgupancy Housing
ParkoFpfth
'.ion Agreement with Appel Development Corporation
senior housing units.
;OARDS/COMMISSIONS RECOMMENDATION: Prior to the stablishSenioofHthe Co Dission ontAging,
he Human Relations Commission recommended approval
'ol icy.
DISCUSSION:
he Senior Housing Development Policy applies to senior rental projects receiving density
onuses and/or other development standards waivers through
hya Conditional UseePeroitsundder
hapter 19 of the City Zoning Text. In summary, the
hat the project is established and maintained for exclusive
(2)
Tenants'usf tlow-inome seniors,
equires that: (1) Tenants be 60 years of age or over,
ccomes be at rates re
Below 80 percent of median income, (3) Tenant income be certified, (4)
t or below applicable Section 8 Fair Market Rent levels, (5) The above conditions apply
'or a period of 25 years.
he attached. Housing Cooperation Agreement has been•designed d to the
onditions of the Senior Housing Development Policy Atree-
gent for Canterbury Court, approved by the Council on February 19, 1985, this agreement
oes depart in one specific area, but not in intent, from the Senior Housing Development
The
olicy. That specific area is tenant income
olicy calls for the property owner to c ontract
to
ertify all prospective tenants. It would be phetpo�sibility
btain such a service -- a minimum of $150 p er
hat several households might have to be income certified before filling one vacancy.owner/
he alternative proposed in the Housing Cooperation Agreement s hat rental application
roperty management company certify the tenants using the supplemental l renl l application,
nd keep to the
rd agreement,othosecerteificationsawhichlw uldibe available to the City. To monitor
nd keep records on those
(Rev. 1/80)
Page 2, Item 6
Meeting Date 5-28-85
the project's compliance, the City would require the project to submit annually a
certified (notarized) rent roll which identified all tenant households and their incomes.
The agreement gives the City the right to audit the project records if discrepancies
are suspected. The City of San Diego has used this method effectively on their bond
financed apartment projects, and it appears to offer compliance security at a reasonable
level of work and cost.
FISCAL IMPACT: Minor staff costs to be paid from the Redevelopment Agency's low- and
moderate-income housing fund are associated with this action.