INFORMATIONAL REPORT - San Diego Housing Commission

♦
♦
♦
♦
♦
1625 Newton Avenue
San Diego, California 92113-1038
619.231.9400
FAX: 619.544.9193
www.sdhc.net
INFORMATIONAL REPORT
DATE ISSUED:
November 29, 2006
REPORT NO:
HCR06-74
SUBJECT:
Affordable Housing Fund FY06 Annual Report (Citywide)
NO ACTION IS REQUIRED ON THE PART OF THE HOUSING COMMISSION
SUMMARY
BACKGROUND
The Affordable Housing Fund Ordinance (Municipal Code Section 98.0513) requires an annual
report on activities undertaken with funds from the Affordable Housing Fund.
DISCUSSION
The Affordable Housing Fund FY06 Annual Report is attached; it covers the period July 1,
2005 through June 30, 2006, which reflects the fiscal year of the City of San Diego. The
Report is issued following closeout of the Housing Commission’s fiscal year and includes
unaudited data.
The report includes FY06 goals and funding commitments, as well as other data required by
the Affordable Housing Fund Ordinance.
Respectfully submitted,
Approved by,
Cissy Fisher
Director, Housing Finance & Development
Elizabeth C. Morris
President & Chief Executive Officer
Attachment: Affordable Housing Fund FY06 Annual Report
KERN:FY06AnnRpt.hc
Affordable Housing Fund
FY06 Annual Report
July 1, 2005—June 30, 2006
Beyer Courtyard, San Ysidro,
Wakeland Housing and Development Corporation (Beyer Boulevard Apartments, L.P. )
Legacy Walk, Southcrest,
Olson Company
Table of Contents
INTRODUCTION ................................................................................................................................ 1
SAN DIEGO HOUSING TRUST FUND ACCOUNT...................................................................... 2
Purpose and Use ....................................................................................................................... 2
Revenues................................................................................................................................... 2
Fund Allocation........................................................................................................................ 3
Loan Status ............................................................................................................................... 3
INCLUSIONARY HOUSING FUND ACCOUNT........................................................................... 4
Purpose and Use ....................................................................................................................... 4
Revenues................................................................................................................................... 4
Fund Allocation........................................................................................................................ 5
Miscellaneous........................................................................................................................... 6
AFFORDABLE HOUSING FUND PERFORMANCE .................................................................... 6
Income Levels of Assisted Households .................................................................................. 8
Rents ......................................................................................................................................... 9
Sales Prices ............................................................................................................................... 9
Leverage ................................................................................................................................. 10
Update of Prior Years’ Activities and Project Completions ................................................ 10
ATTACHMENTS
1.
HTF FY06 Ordinance Tests
2.
HTF FY06 Activities Overview
3.
HTF FY06 Summary of Funded Projects
4.
City of San Diego Inclusionary Housing In-Lieu Fee Activity by
Community Plan Area
5.
San Diego Housing Commission Income and Rent Calculations
6.
Affordable Housing Fund FY2006 Leverage
7.
Maps, Location of HTF assisted Rental Housing Developments and
NCFUA Developments
8.
Affordable Housing Fund Rental Housing Developments
9.
Affordable Housing Fund For-Sale Developments
i
SAN DIEGO AFFORDABLE HOUSING FUND
ANNUAL REPORT
JUNE 30, 2006
INTRODUCTION
San Diego’s Housing Trust Fund (HTF) Ordinance has been in existence since 1990. On June 3,
2003, the Housing Trust Fund Ordinance was amended to create an Affordable Housing Fund
consisting of the Housing Trust Fund (HTF) and the Inclusionary Housing Fund (IHF). The new
IHF provides an additional affordable housing resource consisting of fees that are paid by
developers in lieu of providing 10 percent of units developed as affordable. The Affordable
Housing Fund has been successful in helping to create 8,006 housing opportunities for lowincome San Diegans.
The City of San Diego’s Affordable Housing Fund is a permanent, annually renewable source of
funds to help meet the housing assistance needs of the city’s very low-, low-, and median-income
households. The City Council expressed this intent in Municipal Code Sections 98.050198.0518. In general, the Affordable Housing Fund’s purposes are to:
1) Meet a portion of the need for housing affordable to households with very low, low, and
median incomes;
2) Leverage every one dollar of City funds with two dollars of non-City subsidy capital
funds;
3) Support the Balanced Communities Policy and disperse affordable housing projects
throughout the City by fostering a mix of family incomes in projects assisted by the
Fund;
4) Preserve and maintain renter and ownership affordable housing; and
5) Encourage private sector activities that advance these goals.
Municipal Code Section 98.0513 states that the Housing Commission shall prepare and submit
an annual report to the City Council on the activities undertaken with funds from the Affordable
Housing Fund following the close of each fiscal year. The reporting requirements of Municipal
Code Section 142.1312 are also addressed in this report.
This report describes the activities undertaken with funds from the Affordable Housing Fund
account and specifies:
•
•
•
•
•
•
the number and types of units assisted;
the geographic distribution of units;
a summary of statistical data relative to the incomes of assisted households;
the monthly rent charged;
the amount of state, federal and private funds leveraged;
and the sales prices of ownership units assisted.
1
The report contains a discussion of how well the goals of the previous year’s Annual Plan were
met and contains the information necessary to support the findings specified in Section 66001 of
Chapter 5, Division 1 of Title 7 of the California Government Code.
As the Affordable Housing Fund contains two primary revenue accounts, information for each
account is provided.
Allocation of Affordable Housing Fund resources takes into consideration the policy parameters
set by the Affordable Housing Fund Ordinance, the availability and requirements of other
funding sources, and Housing Commission goals and objectives set forth in the Housing
Commission’s FY2006 Budget, FY2006-2008 Business Plan and FY2004-2006 Strategic Plan.
SAN DIEGO HOUSING TRUST FUND ACCOUNT
Purpose and Use
The San Diego Housing Trust Fund was created by the San Diego City Council on April 16,
1990, pursuant to Ordinance O-17454.
Funds from the Housing Trust Fund account may be used for loans, grants, or indirect assistance
to produce and maintain affordable units and related facilities.
To comply with the Ordinance, Housing Trust Fund Program Funds must be allocated as
follows:
¾ At least 10 percent to Transitional Housing;
¾ At least 60 percent to very low-income households (defined as households with
incomes at or below 50 percent of area median income);
¾ No more than 20 percent to housing for low-income households (defined as
households with incomes between 50 percent and 80 percent of area median income)
and
¾ No more than 10 percent to median income first-time homebuyers.
In FY06, the HTF allocation was in compliance with the ordinance requirements as detailed in
Attachment 1.
Revenues
In FY06, $6,828,119 of HTF revenues was budgeted. Fund sources for FY06 are HTF Linkage
Fees, State Local HTF Program funds, loan repayments from prior year funds, and interest
earned. Only the HTF Linkage Fee provided new revenues to the Housing Trust Fund.
2
When more funds are collected than budgeted, these funds are carried over to the next fiscal year
or the Housing Commission can process a budget amendment to make the funds available for
immediate investment.
In FY04, the Housing Commission was awarded a $2,000,000 grant from the State of California,
Department of Housing and Community Development under its Local Housing Trust Fund
Program (LHTFP). The funds must be used for rental housing production for extremely lowincome households and require a one-to-one match of Housing Trust Fund Linkage Fees. Funds
are made available as eligible projects are identified. During FY06, the Housing Commission
had a pending commitment of $720,000 to the Veteran’s Village project, which will provide 112
units of transitional housing to homeless veterans and use the remaining allocation under the
State’s LHTFP grant to the City of San Diego.
No requests for HTF Impact Fee refunds or applications for low employee density variances
were received during FY06.
Fund Allocation
In FY06, a total of approximately $3.6 million was committed to specific programs and projects.
This compares to $4.6 million in FY05, and $2.8 million in FY04; current pipeline projects will
need approximately $1 million in HTF funding. The funds were allocated among several
housing activities including rental housing development, first-time homebuyer programs,
housing rehabilitation, special purpose housing development, transitional housing, and nonprofit
capacity building. Administrative expenses for FY06 were $577,745, or 8.5 percent of the FY06
budget; Uncommitted funds will provide additional resources for HTF activities in FY07.
Attachment 2, “FY06 Activities Overview,” is a summary of the FY06 distribution of funds to
the various HTF activities and the commitment of funds for each of these activities. Attachment
3, “Housing Trust Fund FY2006 Summary of Funded Projects,” provides information regarding
Housing Trust Fund funding awards made in FY06. For each funding award, the sponsor and
project, geographic location, contract amount, number of assisted units or beds, income levels,
and project status are provided.
Loan Portfolio Status
During FY06, all previously funded HTF loans were in good standing. Loans outstanding as of
June 30, 2006 include:
Rehabilitation
(Single Family and Mobilehome)
$1,846,809
Housing Development
23,835,343
First-Time Homebuyers
1,687,860
Predevelopment Loans
50,000
Total
$27,420,012
3
INCLUSIONARY HOUSING FUND ACCOUNT
Purpose and Use
On June 3, 2003, the San Diego City Council adopted an Inclusionary Housing Program,
pursuant to Ordinance O-19189. The Inclusionary Housing Program requires that 10 percent of
residential units constructed be affordable to families earning no more than 65 percent of area
median income (rental) or 100 percent of area median income (for-sale). Developers may satisfy
the affordable housing requirement through payment of an in-lieu fee. Fees are deposited into an
Inclusionary Housing Fund account and may be used for rental housing development, including
construction of new housing units and acquisition and rehabilitation of multi-family rental
projects, first time homebuyer assistance, and related programs. These funds may not be used
for rental assistance.
Before the Inclusionary Housing Ordinance O-09189 was passed, an Inclusionary Housing
Program was adopted for the North City Future Urbanizing Area (NCFUA) in 1992. The
NCFUA program requires that 20 percent of the residential units constructed be affordable to
families earning no more than 65 percent of area median income (averaged). Developers of
projects with 10 or fewer housing units, projects with very low-density residential zoning, and
projects in the Del Mar Mesa Subarea may satisfy the affordable housing requirement through
payment of an in-lieu fee equivalent to the cost of achieving the required affordable units. Inlieu fees collected must be used for development or acquisition of affordable housing within the
NCFUA.
The Affordable Housing Fund FY06 Annual Plan anticipated the receipt of $3.6 million in new
revenues and $4.1 million in carryover funds; $890,000 was set aside for condo conversion
homeownership activities and 11 percent of program revenues was allocated for administrative
expenses. These administrative expenses include costs associated with investing the funds
through loans or grants, including project solicitation/marketing, underwriting, preparation of
legal documents, as well costs for account set up, management, and program administration.
Revenues
In FY06, $7,680,499 of Inclusionary Housing revenues was budgeted. The fund sources for the
Inclusionary Housing Fund are in-lieu fee collections on residential development and interest
income.
When more funds are collected than budgeted, these funds are carried over to the next fiscal year
or the Housing Commission can process a budget amendment to make the funds available for
immediate investment.
Attachment 4 shows the amount of Citywide IHF in-lieu fees assessed and committed by
community plan area from program inception through June 30, 2006, net of administrative fees.
This table shows the amount of funds that will be available by community plan area (after
inclusion in the Housing Commission’s FY07 budget). The Inclusionary Housing ordinance
establishes a priority for spending revenues in the community plan area where it was collected.
4
However, as seen in Attachment 4, this results in 53 separate funds ranging from zero to $2.3
million. For this reason, City Council recently authorized movement of funds among community
plan areas to facilitate timely expenditure of funds.
Budgeted revenues for the NCFUA Inclusionary Housing Program were $257,950 of new in-lieu
fees and interest income plus $496,031 of FY2005 carryover for a total budget of $753,981.
Fund Allocation
The Inclusionary Housing Program is an affordable housing development program that has
completed its third year of operation. Developers are required to set aside at least 10 percent of
their developments as affordable housing or pay In-lieu Fees (due at the time of building permit
issuance).
The following table summarizes the distribution of Inclusionary Housing funds in the Housing
Commission’s FY06 budget.
FY06 Final Budget
(new revenues and
carryover)
$6,253,576
$890,000
$0
$536,923
$7,680,499
Activity
Rental Housing Development
First Time Homebuyers
Reserves
Administration & Legal
TOTAL GROSS
FY06
Commitments/
Expenditures*
($881,000)
($536,923)
($1,417,923)
* FY06 Commitments
Lillian Place ($731,000)
Rancho del Norte ($150,000)
A lawsuit was filed by the Building Industry Association (BIA) in 2003 soon after the
Inclusionary Housing Ordinance was adopted by Council. Earlier this year the Court initially
agreed with the BIA and put the ordinance and the money collected from 2003-2006 in jeopardy.
In an abundance of caution, investment of Inclusionary Housing Funds was suspended pending
the outcome of the lawsuit.
The City and BIA reached a settlement agreement in August 2006 (effective September 2006)
that will assess project fees early in the review cycle and "lock-in" the fee rate for three years
from the date the fee is assessed. The agreement also has a provision that the Council not make
any substantive changes to the ordinance (that would affect the in-lieu fee) for two years (until
September 2008).
At FY06 year end, potential rental housing projects for FY07 were estimated to require
approximately $12 million in gap financing.
5
Miscellaneous
A variance for the Ballpark Village project was granted during FY06. The following table
summarizes the deviations that were approved.
Provision
Term of Affordable
Restrictions
Location of Affordable
Units
Phasing of Affordable
Units
Inclusionary Requirement
15 years or until the first re-sale
Deviation
In Perpetuity
Dispersed throughout the
development
Prior to or concurrent with
development of market rate units
In first 2-5 floors of one or more
buildings
Prior to or concurrent with
commencement of development on three
of six parcels which constitute the site
As of August 2006, the Inclusionary Housing project pipeline has 433 ministerial projects, 202
discretionary projects, and 530 condominium conversion projects subject to the Inclusionary
Housing Ordinance. Approximately 668 of these projects are electing to pay in-lieu fees of
approximately $20.8 million. Approximately 92 projects (2,800 units) are planning to build
affordable housing; 745 of these units are using public financing (Housing Commission, Centre
City Development Corporation, Southeastern Economic Development Corporation, and the City
of San Diego Redevelopment Agency) and/or the density bonus program.
AFFORDABLE HOUSING FUND PERFORMANCE
During FY06, the Affordable Housing Fund committed over $5 million to affordable housing
activities that will assist over 1,280 households. A comparison of FY06 Production Goals versus
Actuals follows:
PROGRAM
FY06 GOAL
FY06 ACTUAL
Rental Housing Development
New Construction
Acquisition/Rehabilitation
Preservation of Existing Affordable
Special Purpose Rental Housing
New Construction
Acq/Rehab.
Homeownership
Shared Equity Program
Shared Appreciation Program/Condo Conversion Assistance
Downpayment/Closing Cost Assistance Pgm
Acquisition with Rehabilitation
Rehabilitation
Owner-occupied Rehabilitation
Nonprofit Owner-Occupied
Mobile Home Repair Grant
Accessibility Grants for Tenants with Disabilities
Transitional Housing Operations
Nonprofit Capacity Building
Predevelopment Financial Assistance
Emergency Loan Fund Program
Nonprofit Technical Assistance / Support
85 units
400 units
310
6
70 households
90
49 units, 112 beds
112 beds
49 units
9 households
60 households
10 downpayment grants
0
9 downpayment grants
150 units
96 units
18 units
40 units
450 beds
4 projects
61 grants
17 grants
562 beds
4 projects/programs
2 projects
2 training programs
Rental Housing Production: A total of 449 affordable rental units and 112 transitional housing
beds were funded by the AHF during FY06. The Inclusionary Housing Fund committed
$881,000 to two developments for the construction of 192 affordable units. The Housing Trust
Fund provided $2,098,448 to construct 369 units in seven different developments. Four of the
seven Housing Trust Fund development proposals are for special purpose housing. Proposals
under the rental housing production program were received under the Rental Housing/Special
Purpose Housing Notice of Funding Availability (NOFA). All applications were evaluated by
the Housing Commission Loan Committee, and all loan or grant recommendations over $15,000
were forwarded to the Housing Commission for further review and action. The following
summarizes the rental housing developments funded with Affordable Housing Funds.
Project Name and
Address, Number of
Affordable Units
Unit Mix
AMI Range
Arbor Terrace
3701-3741 Florida Avenue
New Construction, 69 units
22 two-bedroom
34 three-bedroom
13 four-bedroom
30-50% AMI
30-60% AMI
30-60% AMI
$465-$776
$517-$1,035
$558-$1,117
Large Families
Del Sol Apartments
3606-3690 Del Sol Blvd
Preservation, 90 units
2 one-bedroom
11 two-bedroom
66 three-bedroom
11 four-bedroom
12 Studios
8 one-bedroom
≤50% AMI
30-60% AMI
30-60% AMI
30-60% AMI
≤60% AMI
Large Families
Jean C. McKinney Manor
5641 Imperial Avenue
New Construction, 49 units
49 one-bedroom
30-50% AMI
$646
$465-$931
$518-$1,035
$559-$1,118
$725-$828 Rents
will be subsidized
with HUD Shelter
Plus Care funds
$353-$610
Lillian Place
15th & J Street
New Construction, 73 units
17 one-bedroom
22 2-bedroom
20 3-bedroom
6 one-bedroom
5 two-bedroom
3 three-bedroom
24 one-bedroom
47 two-bedroom
48 three-bedroom
30-60% AMI
30-60% AMI
30-60% AMI
110% AMI
110% AMI
110% AMI
30-65% AMI
30-65% AMI
30-65% AMI
$363-$744
$406-$834
$468-$963
$1,299
$1,547
$1,718
$218-$739
$245-$885
$312-$978
Large Families
2 one-bedroom
5 two-bedroom
≤50% AMI
≤50% AMI
$606
$678
Young Adults
24 Studios
≤45% AMI
$362-$495
112 beds
≤50% AMI
Lesser of 30% of
monthly income or
$300
HIV/AIDS
symptomatic
households
Homeless
Veterans
Hope Village
5288 El Cajon Blvd.
Acq./Rehab., 19 units
Rancho Del Norte
16775 Saintsbury Glen
New Construction, 119
units
SDYCS
4760 35th Street
Acq./Rehab., 7 units
Townspeople
4242 51st Street
Acq./Rehab., 23 units
Veterans Village
Transitional Housing
4141 Pacific Highway
New Construction, 112
beds
7
Rent Range
Target
Population
Chronically
homeless,
seriously mentally
ill adults
Seniors
Large Families
Homeownership: In FY06, the Housing Trust Fund provided $87,420 for the Housing
Commission’s Downpayment Assistance Program. These funds provided 9 down payment
assistance grants and leveraged $2,113,757 in first trust deed loans from private lenders.
Nine units sold at Legacy Walk (cover photo), the first Inclusionary Housing development
(under the citywide program) that built the affordable units on-site. The development has 11 forsale units affordable to families earning 100% or less of AMI; the two remaining units are
expected to close by December 2006.
In 2005, the Housing Commission created a first time homebuyer loan program to provide
financial assistance to low and moderate-income tenants affected by condominium conversions.
Loans for displaced moderate-income tenants earning 81-100% AMI are available to help
purchase a condominium unit. The loan term is 30 years with no interest or monthly payments
due. If the buyer sells the unit within the first 30 years, the Housing Commission will receive a
share of the appreciation equal to its pro rata share of the original purchase. In FY06, the
maximum loan amount was increased from $15,000 to 15 percent of the purchase price. A
typical loan is estimated to be $56,250. The Housing Commission will continue to assess the
program and make program improvements.
Housing Rehabilitation: With $405,387 of Housing Trust Fund assistance (housing
rehabilitation and CDBG loan repayments), the Housing Commission’s housing rehabilitation
program provided 96 grants or deferred loans to low and very low-income households to repair
hazardous conditions in single-family homes and mobilehomes.
Transitional Housing: Nine social services agencies will provide one year of shelter and services
in thirteen transitional housing programs for 562 extremely low-income adults and children using
$990,514 of HTF assistance. Ancillary services will include job preparation, life skills training,
financial counseling, and health services among others.
Capacity Building: The HTF Capacity Building Program provided two early assistance loans:
$15,000 to TACHS for Pine Hollow and $10,000 to Townspeople for 4242 51st Street. In
addition, $55,000 was granted under the Targets of Opportunity Program to the following
organizations:
1. $15,000 to Alpha Project for rental assistance to 30 homeless persons
2. $15,000 to Alpha Project for supportive services at Hotel Metro
3. $10,000 to LISC to provide Tax Credit Development training to area nonprofits
4. $15,000 to LISC to provide development training to area nonprofits
Income Levels of Assisted Households
For the Affordable Housing Fund, HUD definitions of income levels are used: “Very Low”
refers to households earning 50 percent or less of area median income; “Low” refers to
households earning between 51 percent and 80 percent of area median income; and “Median”
refers to households earning between 81 percent and 100 percent of area median income. Area
Median Income is defined as the median income in the San Diego Standard Metropolitan
Statistical Area, adjusted for family size, as published by the US Department of Housing and
8
Urban Development (HUD). In FY06, Area Median Income (AMI) was $64,900 for a family of
four. Attachment 5 shows the current area median incomes and affordable rents for the San
Diego area.
Rents
Maximum rents are calculated according to Federal standards of affordability: housing costs
(including utilities) must not exceed 30 percent of income, adjusted for household size and
designated income levels. All Affordable Housing Fund projects are required to use this
standard as a maximum for setting rents. In general, target rents are also at least 10 percent
below market rate. Of the 610 affordable multifamily units funded in FY06, 401 will be
affordable at or below 50 percent of area median income, 194 will be affordable at or below 60
percent of area median income, and 15 will be affordable at or below 110 percent of area median
income.
In most of the Transitional Housing programs, clients pay no rent initially. As they become
employed, clients pay 30 percent of their income in rent or a rental fee, some of which is put
aside in a savings plan to help pay the expenses of moving to permanent housing when they
leave the transitional program.
Sales Prices
The sales prices of units subsidized by the Housing Trust Fund is not specifically subject to
restrictions. However, the monthly outlay for housing expenses must be affordable by the
Federal definition: a housing payment (loan principal and interest, property taxes, property and
mortgage insurance and homeowners’ dues) that allows a family earning a gross income of not
more than 100 percent of area median income to purchase a home.
Affordable for-sale housing price restrictions under the Inclusionary Housing Program are based
on housing costs not exceeding 35 percent of 100 percent of area median income (AMI).
Housing costs include mortgage principal and interest, taxes, insurance and assessments such as
Homeowners Association dues. The purchase price assumes a 5 percent downpayment and a 30year fixed interest rate 1st Trust Deed loan.
Two debt-to-income ratios are used in relation to qualifying for a mortgage: the front-end ratio
and the back-end ratio. The front-end ratio is the percentage of the borrower’s fixed monthly
housing expenses (principal, interest, property taxes, and insurance, and homeowner’s
association fees) to gross monthly income. The back-end ratio is the percentage of the
borrower’s gross monthly income that would cover the housing debt plus all other debt payments
(e.g. automobile loans and credit cards). Housing Commission policy permits a total debt-toincome (back-end) ratio of ≤42 percent. This can be exceeded with Loan Committee or Housing
Commission approval.
9
In FY06, the Housing Trust Fund provided $100,000 for the Housing Commission’s
Downpayment Assistance Program. These funds assisted nine first-time homebuyers. The
average sales prices are shown in the following table.
FY05
$375,000
$325,250
HTF-assisted Avg. Price Detached
HTF-assisted Avg. Price Attached
FY06
No participation
$250,736
Only nine households were assisted in FY06 due to the escalating prices of homes. Of the nine
households assisted, eight purchased affordability restricted units. The average family income
for HTF programs in FY06 was $51,819, which is 94.11 percent of area median income (average
family size of 2.4 persons).
Legacy Walk, the first development constructed under the Inclusionary Housing Program,
provided eleven 3-bedroom units affordable to households earning ≤100 percent AMI with sales
prices of $243,310.
Leverage
According to Municipal Code Section 98.0501(c), it is a goal of the Affordable Housing Fund to
attract two dollars of non-City subsidy capital funds to affordable housing for every Affordable
Housing Fund dollar invested. For FY06, total AHF commitments of $5 million leveraged $134
million for an overall leverage ratio of 1:26.
Rental development funding commitments totaled approximately $2.9 million, which attracted
an additional $29.8 million in capital subsidy from federal and state governmental programs,
$52.9 million in tax credits and private equity, $13.3 million in local/redevelopment agency
funding, and $21.1 million in bonds and private loans. The total investment in rental housing
production exceeded $120 million.
Attachment 6 provides an overview of Affordable Housing Fund leverage.
Updates of Prior Years’ Activities and Project Completions
In FY06, two rental housing projects that received previous Housing Trust Fund assistance were
completed (108 affordable units). All of the affordable units will be affordable for a period of 55
years. A brief description of these projects is provided.
¾ Creekside Trails is a new construction project located at 2170 Coronado Avenue in the
Otay Mesa/Nestor Community. The developer, Affirmed Housing, utilized the density
bonus program to construct a total of 50 units (10 units more than the 40 allowed by
current zoning), comprised of: 22 one-bedroom units, 12 two-bedroom units, and 16
three-bedroom units. The units are assisting households with incomes from 30 percent to
60 percent of area median income. Rents will range from $353 to $739 for one bedroom
units; $422 to 885 for two bedroom units; and $484 to $950 for three bedroom units.
10
¾ Beyer Courtyard is a new construction project located at 3412-3466 Beyer Boulevard
(cover photo). Wakeland Housing and Development Corporation has completed the
construction of 60 units (30 two-bedroom and 30 three-bedroom units) affordable to
households with incomes from 50 percent to 60 percent of area median income. Rents
will range from $731 to $886 for two-bedroom units and from $806 to $978 for threebedroom units.
In addition, construction at Legacy Walk, the first Inclusionary Housing project built, was
completed during FY06. Nine of the units have been sold with two remaining units expected to
close by December 2006. All 11 units are 3-bedroom units, affordable to families earning 100%
or less of AMI, with sales prices restricted at $243,310.
In the North City Future Urbanizing Area, two rental housing new construction projects were
completed. Vista Terraza is now providing 123 units to low-income families with incomes
≤60% AMI in the Torrey Highlands area. The Crossings is providing 108 units to low-income
families with incomes ≤60% AMI in the Pacific Highlands Ranch area. Since enacted, the
NCFUA program has produced 759 affordable rental units. Maps showing the location of
Housing Trust Fund assisted rental housing projects and North City Future Urbanizing Area
developments are provided as Attachment 7.
In the North City Future Urbanizing Area, one for-sale development was constructed. This
development, called Airoso, provided 60 for-sale units (two and three-bedroom units) affordable
to families earning 65% or less of AMI. All of the units have been sold and are occupied by
eligible buyers.
Attachment 8 is a cumulative list of all Affordable Housing Fund assisted rental housing
projects, including special purpose rental housing and projects funded with NCFUA and Coastal
funds. Attachment 9 is a cumulative list of for-sale new construction projects created through
the NCFUA and citywide Inclusionary Housing Programs. The data is organized by fiscal year
completion.
ATTACHMENTS:
1.
HTF FY06 Ordinance Tests
2.
HTF FY06 Activities Overview
3.
HTF FY06 Summary of Funded Projects
4.
City of San Diego Inclusionary Housing In-Lieu Fee Activity by Community
Planning Area
5.
San Diego Housing Commission Income and Rent Calculations
6.
Affordable Housing Fund Leverage
7.
Maps, Location of HTF assisted Rental Housing Developments and NCFUA
Developments
8.
Rental Housing Developments
9.
For-Sale Housing Developments
kern:HTF\Annual Report\FY06 Annual Rpt.hc
11
ATTACHMENT 1
HOUSING TRUST FUND FY06 ORDINANCE TESTS
FY2006 Revenues
Less Admin/Legal
Less Uncommitted Reserves/Targets
Less Capacity Bldg
=Housing Program Funds (HPF)
PROGRAMS
PROJECT
Very Low
Transitional
(<=50% AMI)
6,828,119
(577,745)
(2,550,029)
(80,000)
3,620,345
Very Low
Permanent
(<=50% AMI)
Low
50%-80%
AMI
Median
80%-100%
AMI
Rental Housing
1,171,448 Arbor Terrace
Del Sol
Jean C. McKinney Manor
(806,168)
(14,040)
(10,000)
(329,280)
(11,960)
Homebuyers
87,420
Downpayment
(87,420)
Rehabilitation
405,387
(284,285)
Special Purpose Housing
Transitional and Permanent
1,942,514 JFS/TACHS Hope Village
TACHS EA Loan
SDYCS 35th Street
Townspeople 51st Street
Veterans Village TH
ECS Julian's Sanctuary
ECS Downtown Safe Haven
Salvation Army STEPS
SD Second Chance
SDYCS
SVDP STEP
SVDP Family Living
SVDP Fresh Start
Vietnam Veterans Welcome
Home
YMCA Turning Point
YWCA Becky's House
YWCA Passages
Serial Inebriate Program
TOTALS
FY06 Ordinance Tests (includes estimates)
Transitional>10%
Very Low Perm
Very Low Perm + Trans>60%
Low Income<=20%
Med Inc Homebuyers<10%
3,606,769
27%
56%
83%
14%
2%
(12,600)
(10,000)
(220,000)
(675,000)
(121,102)
(32,000)
(2,400)
($53,100)
($29,925)
($106,920)
($106,850)
($30,000)
($87,281)
($153,216)
($136,857)
($57,000)
($26,933)
($42,892)
($79,540)
($80,000)
(990,514)
(2,032,093)
Program
Special Purpose Transitional
Very Low-Income
Rental Hsg Development
Rehabilitation
Special Purpose Permanent
Low-Income
Rental Hsg Development
Special Purpose Permanent
Rehabilitation
Homebuyers
Median-Income Homebuyers
(496,742)
(87,420)
Allocation
990,514
Percent of
HPF
27%
830,208
284,285
917,600
2,032,093
56%
341,240
34,400
121,102
0
496,742
14%
87,420
2%
ATTACHMENT 2
SAN DIEGO HOUSING TRUST FUND
FY06 ACTIVITIES OVERVIEW
ACTIVITY
Rental Housing Development
First Time Homebuyers
FY06 BUDGET *
$2,253,227
PERCENT
33.00%
COMMITMENTS
PROJECT
($1,135,448) Arbor Terrace
($26,000) Del Sol Apts.
($10,000) Jean C. McKinney Manor
AVAILABLE
$1,091,779
$100,000
1.46%
($87,420) SDHC FTHB Program
$12,580
Rehabilitation
$1,192,112
17.46%
($405,387) SDHC Rehab Program
$786,725
Special Purpose Housing
Transitional & Permanent
$2,585,035
37.86%
($32,000)
($10,000)
($210,000)
($675,000)
($53,100)
($29,925)
($80,000)
($106,920)
($106,850)
($30,000)
($87,281)
($153,216)
($136,857)
($57,000)
($26,933)
($42,892)
($79,540)
JFS/TACHS Hope Village
SDYCS 35th Street
Townspeople 51st Street
Veterans Village TH
ECS Julian's Sanctuary
ECS Downtown Safe Haven
MHS SIP
Salvation Army STEPS
SD Second Chance
SDYCS
SVDP STEP
SVDP Family Living
SVDP Fresh Start
Vietnam Veterans Welcome Home
YMCA Turning Point
YWCA Becky's House
YWCA Passages
$667,521
Nonprofit Capacity
$80,000
1.17%
($15,000)
($10,000)
($10,000)
($10,000)
($15,000)
TACHS Pine Hollow (EA Loan)
Townspeople 51st Street (PSG)
Townspeople 51st Street (EA Loan)
LISC Tax Credit Development Trng
LISC Development Training
$20,000
Targets of Opportunity
$40,000
0.59%
($15,000) ALPHA Hotel Metro Case Mgmt
($15,000) AlPHA Hotel Metro Rental Assist
$10,000
Reserves
Administration & Legal
GRAND TOTAL
$0
0.00%
$0
$577,745
8.46%
($536,322)
$41,423
$6,828,119
100.00%
($4,208,091)
$2,630,029
* FY06 Budget (represents revenues budgeted, not actual revenues collected)
Linkage Fee Collections
Linkage Fee loan repayments and interest
Housing Rehabilitation Trust Fund loan repayments and interest
CDBG Rehabilitation loan repayments and interest
Redevelopment Funds repayments and interest
Transient Occupancy Tax repayments and interest
State of California LHTFP funds
$0
ATTACHMENT 3
HOUSING TRUST FUND FY2006 SUMMARY OF FUNDED PROJECTS
Activity
Sponsor
Geographic
Location
Project
Project
Type
Contract
Amount
Assisted
Units/Beds
Income
Level
Project Status
49 vl; 20 l
49 vl; 41 l
49 vl
In Process
In Process
Completed
9 med
Completed
Rental Housing
SADI LLC
Del Sol Apts. L.P.
St. Stephens
Arbor Terrace
Del Sol Apartments
Jean C. McKinney Manor
North Park
Nestor
Central Imperial
Acq & NC Families
AR & Pres. Families
NC Seniors
1st Time Buyers
Downpayment
Citywide
Families
Rehabilitation
Disabled Tenant Access. Grants
SF Rehab Deferred/Amortized Ln
Mobile Home Grants
Citywide
Citywide
Citywide
1,135,448
26,000
10,000
1,171,448
69 u
90 u
49 u
208
87,420
9u
Special Needs
Families
Families
17000
173,505
214,882
405,387
17 u
18 u
61 u
96
17 vl
10 vl; 8 l
53 vl; 8 l
Completed
Completed
Completed
Transitional Housing
ECS
ECS
Mental Health Systems
Salvation Army
SD Second Chance
SDYCS
St. Vincent de Paul
St. Vincent de Paul
St. Vincent de Paul
Vietnam Veterans
YMCA
YWCA
YWCA
Julians Sanctuary
Downtown Safe Haven
Serial Inebriate Program
STEPS
Second Chance
Foster Care Graduate Housing
STEP
Family Living
Fresh Start
Welcome Home
Turning Point
Passages
Becky's House
Confidential
East Village
Downtown & City Heights
East Village
City Hgts & E Village
Normal Heights
East Village
East Village
East Village
Valencia Park
City Heights
Downtown
Confidential
Families DV
Adults-Disabilities
Adults
Men
Adults
Young Adults
Women
Families
Men
Families
Youth
Women
Families DV
53,100
29,925
80,000
106,920
106,850
30,000
87,281
153,216
136,857
57,000
26,933
79,540
42,892
990,514
33
28
12
40
32
14
35
110
150
24
8
49
27
562
b
b
b
b
b
b
b
b
b
b
b
b
b
very low
very low
very low
very low
very low
very low
very low
very low
very low
very low
very low
very low
very low
In service
In service
In service
In service
In service
In service
In service
In service
In service
In service
In service
In service
In service
SDYCS
Townspeople
JFS/TACHS
Vietnam Veterans
35th Street
51st Street
Hope Village
Veterans Village Transitional Hsg
Normal Heights
City Heights
Talmadge
Midway
AR Young Adults
AR HIV/AIDS
AR Mentally Ill
NC Veterans
10,000
210,000
32,000
675,000
927,000
7
23
19
112
161
u
u
u
b
7 vl
23 vl
19 l
112 vl
In Process
In Process
In Process
In Process
TACHS
Townspeople
Pine Hollow (EA Loan)
51st Street (EA Loan)
Webster
City Heights
AR Mentally Ill
AR HIV/AIDS
15,000
10,000
56 u
see above
47 vl; 9 l
In Process
Townspeople
51st Street
City Heights
AR HIV/AIDS
10,000
see above
Special Purpose Housing
Nonprofit Capacity Building
Predevelopment Loans
Project Support Grants
In Process
Capacity Building Grants
LISC
LISC
Tax Credit Development Training
Development Training
Citywide
Citywide
ALPHA Project
ALPHA Project
Hotel Metro
Hotel Metro
Centre City
Centre City
10,000
15,000
Targets of Opportunity
Administration & Legal
TOTAL
Rental Assistance
Supportive Services
15,000
15,000
577,745
4,249,514
1,092
11/29/2006
11:43 AM
ATTACHMENT 4
CITY OF SAN DIEGO INCLUSIONARY HOUSING IN-LIEU FEE ACTIVITY
BY COMMUNITY PLAN AREA
Community Plan Area
Balboa Park
Barrio Logan
Black Mountain Ranch
Carmel Mountain Ranch
Carmel Valley
Centre City
City Heights
Clairemont Mesa
College
Del Mar Mesa
East Elliott
Eastern Area
Encanto
Fairbanks Ranch Country
Club
Golden Hill
Kearny Mesa
Kensington-Talmadge
La Jolla
Linda Vista
Mid-City
Midway/Pacific Highway
Corridor
Miramar Ranch North
Mira Mesa
Mission Beach
Mission Valley
Navajo
Normal Heights
North Park
Ocean Beach
Old Town
Otay Mesa
Otay Mesa/Nestor
Pacific Beach
Pacific Highlands Ranch
Peninsula
Rancho Bernardo
Rancho Encantada
Rancho Penasquitos
Sabre Springs
San Pasqual Valley
San Ysidro
Scripps Miramar Ranch
Serra Mesa
Skyline/Paradise Hills
Southeastern San Diego
Tijuana River Valley
Tierrasanta
Torrey Highlands
Torrey Hills
Torrey Pines
NET FY06
Collections
(7/1/2005 6/30/2006)
$0.00
$14,099.38
$0.00
$197,900.40
$98,635.14
$2,848,523.77
$36,954.14
$30,771.43
$69,266.05
$0.00
$0.00
$13,880.44
$0.00
Net Prior Year
Collections
(7/1/2003 6/30/2005)
$0.00
$22,654.06
$0.00
$1,926.85
$1,108,529.18
$2,073,910.04
$0.00
$27,758.66
$2,430.59
$0.00
$0.00
$0.00
$0.00
Net Total
Collections
$0.00
$36,753.44
$0.00
$199,827.25
$1,207,164.32
$4,922,433.81
$36,954.14
$58,530.08
$71,696.64
$0.00
$0.00
$13,880.44
$0.00
$0.00
$119,054.86
$0.00
$2,717.84
$44,448.06
$126,244.85
$342,695.75
$0.00
$9,306.73
$0.00
$0.00
$230,382.73
$45,061.59
$206,051.94
$0.00
$128,361.59
$0.00
$2,717.84
$274,830.79
$171,306.44
$548,747.68
$0.00
$128,361.59
$0.00
$2,717.84
$274,830.79
$171,306.44
$548,747.68
$360,607.98
$0.00
$233,993.26
$104,913.35
$715,408.15
$30,291.83
$25,680.07
$129,672.88
$24,918.02
$0.00
$0.00
$3,564.45
$274,532.00
$0.00
$70,636.64
$0.00
$0.00
$0.00
$109,227.48
$0.00
$851.73
$0.00
$0.00
$230,564.29
$165,344.79
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$49,336.26
$599,624.60
$0.00
$11,192.64
$18,714.48
$8,122.14
$2,159.14
$20,630.65
$83,784.60
$93,552.58
$0.00
$12,910.79
$0.00
$0.00
$1,815.60
$2.23
$0.00
$3,669.92
$0.00
$0.00
$1,036.41
$7,734.10
$0.00
$0.45
$0.00
$0.00
$0.00
$360,607.98
$0.00
$233,993.26
$154,249.61
$1,315,032.74
$30,291.83
$36,872.71
$148,387.35
$33,040.16
$2,159.14
$20,630.65
$87,349.05
$368,084.58
$0.00
$83,547.42
$0.00
$0.00
$1,815.60
$109,229.70
$0.00
$4,521.65
$0.00
$0.00
$231,600.70
$173,078.89
$0.00
$0.45
$0.00
$0.00
$0.00
$360,607.98
$0.00
$233,993.26
$141,449.61
$1,315,032.74
$30,291.83
$36,872.71
$148,387.35
$33,040.16
$2,159.14
$20,630.65
$27,349.05
$368,084.58
$0.00
$83,547.42
$0.00
$0.00
$1,815.60
$109,229.70
$0.00
$4,521.65
$0.00
$0.00
$231,600.70
$173,078.89
$0.00
$0.45
$0.00
$0.00
$0.00
Commitments
(since fund
inception)
-$150,000.00
-$1,531,000.00
Notes
3
1
-$12,800.00
4
-$60,000.00
2
Available for
Investment
$0.00
$36,753.44
$0.00
$199,827.25
$1,057,164.32
$3,391,433.81
$36,954.14
$58,530.08
$71,696.64
$0.00
$0.00
$13,880.44
$0.00
Community Plan Area
University City
Via de la Valle
Uptown
TOTAL COLLECTIONS
NET FY06
Collections
(7/1/2005 6/30/2006)
$944,467.86
$0.00
$286,382.52
$7,656,249.38
Net Prior Year
Collections
(7/1/2003 6/30/2005)
$0.00
$0.00
$346,421.04
$4,988,719.95
Net Total
Collections
$944,467.86
$0.00
$632,803.55
$12,644,969.32
Commitments
(since fund
inception)
Notes
-$1,753,800.00
Notes:
1. Island Village ($800,000); Lillian Place ($731,000)
2. Creekside Trails ($60,000)
3. Rancho del Norte ($150,000)
4. CORRECTION: Transfer to Coastal Overlay Zone In-Lieu Fee account. Erroneous deposit to IHF.
Available for
Investment
$944,467.86
$0.00
$632,803.55
$10,891,169.32
ATTACHMENT 5
SAN DIEGO HOUSING COMMISSION INCOME AND RENT CALCULATIONS
U.S. Department of Housing and Urban Development 2006 SAN DIEGO MEDIAN INCOME:
$64,900
Note: The table contains income limits for extremely low, very low and low income, as adjusted for family size and other factors adopted and amended from
time to time by the U.S. Department of Housing and Urban Development (HUD). HUD adjusted San Diego Very Low Income limits for a "high housing cost
area" factor.
Extremely Low Income
30% AMI
35%
(Adjusted by HUD)
Family
Size
ONE
TWO
THREE
FOUR
FIVE
SIX
SEVEN
EIGHT
ANNUAL
1
Unit Size INCOME
STUDIO
$ 14,500
1-BR
$ 16,550
2-BR
$ 18,650
3-BR
$ 20,700
4-BR
$ 22,350
5-BR
$ 24,000
6-BR
$ 25,650
$
Very Low Income
AMI
40%
(Adjusted by HUD)
GROSS
ANNUAL
RENT2
INCOME1
$363
$414
$466
$518
$559
$600
$641
27,300
50%
(Adjusted by HUD)
3
TCAC
$423
$483
$544
$604
$653
$700
$749
$
$
$
$
$
$
INCOME1
422
452
543
627
700
773
$19,300
$22,100
$24,850
$27,600
$29,800
$32,000
$34,200
$36,450
GROSS RENT2
$483
$553
$621
$690
$745
$800
$855
AMI
(Adjusted by HUD)
ANNUAL
GROSS
RENT2
$16,900
$19,300
$21,750
$24,150
$26,100
$28,000
$29,950
$31,900
AMI
TCAC3
$
$
$
$
$
$
483
517
621
717
800
883
ANNUAL
GROSS
TCAC*/ "Low
INCOME1
RENT2
HOME"3
$24,150
$27,600
$31,050
$34,500
$37,250
$40,000
$42,800
$45,550
$604
$690
$776
$863
$931
$1,000
$1,070
$603
$646
$776
$896
$1,000
$1,104
$1,207
Low Income
60%
AMI
65% AMI
(Adjusted by HUD)
Family
Size
ONE
TWO
THREE
FOUR
ANNUAL
1
Unit Size INCOME
STUDIO
$29,000
1-BR
$33,100
2-BR
$37,250
3-BR
$41,400
FIVE
SIX
SEVEN
EIGHT
4-BR
5-BR
6-BR
$44,700
$48,000
$51,350
$54,650
GROSS
RENT2
$725
$828
$931
$1,035
$1,118
$1,200
$1,284
(Adjusted by HUD)
TCAC3
$724
$776
$931
$1,076
$1,200
$1,325
ANNUAL
INCOME1
$31,400
$35,900
$40,350
$44,850
$48,450
$52,050
$55,600
$59,200
100%
120% AMI
Area Median Income (No
HUD adjustment)
(No HUD adjustment)
Family
Size
ONE
TWO
THREE
FOUR
ANNUAL
1
Unit Size INCOME
STUDIO
$45,450
1-BR
$51,900
2-BR
$58,400
3-BR
$64,900
FIVE
SIX
SEVEN
EIGHT
4-BR
5-BR
6-BR
$70,100
$75,300
$80,500
$85,650
GROSS
2
RENT
$1,136
$1,298
$1,460
$1,623
$1,753
$1,883
$2,013
ANNUAL
1
INCOME
$54,500
$62,300
$70,100
$77,900
$84,100
$90,350
$96,550
$102,800
GROSS
RENT2
$785
$898
$1,009
$1,121
$1,211
$1,301
$1,390
70% AMI
(Adjusted by HUD)
"High
HOME"3
$760
$821
$987
$1,132
$1,244
$1,353
$1,464
ANNUAL
INCOME1
$33,800
$38,650
$43,450
$48,300
$52,150
$56,050
$59,900
$63,750
GROSS
RENT2
$845
$966
$1,086
$1,208
$1,304
$1,401
$1,498
80% AMI
(Adjusted by HUD)
ANNUAL
INCOME1
$38,650
$44,150
$49,700
$55,200
$59,600
$64,050
$68,450
$72,850
GROSS
RENT2
$966
$1,104
$1,243
$1,380
$1,490
$1,601
$1,711
GROSS
2
RENT
$1,363
$1,558
$1,753
$1,948
$2,103
$2,259
$2,414
* TCAC = Tax Credit Allocation Committee
1. Annual Income = Gross annual income adjusted by family size for Area Median Income (AMI) level. May contain additional adjustments as determined
annually by HUD.
2. Gross rent minus utility allowance = maximum cash rent. See the "San Diego Housing Commission Utility Allowance Schedule" to calculate the utility
allowance based on the project's actual utility mix.
3. For projects with multiple funding sources, use the lowest rents applicable. "Low HOME" and "High HOME" rents effective May 3, 2006
This general income and rental rate information is derived from the U.S. Department of Housing and Urban Development (HUD) very low income
figures published March 8, 2006. TCAC Maximum Rents effective March 8, 2006.
F:\HTF\AHF Annual Report\REVISED FY06\ATT 5 2006AMIIncome&RentChart
Rev.(4/06)
ATTACHMENT 6
AFFORDABLE HOUSING FUND FY2006 LEVERAGE
Activity
Sponsor
Project
Geographic
Location
Contract
Amount
Assisted
Units/Beds
Income
Level
Bonds &
Tax Credits &
Private Loans
Equity
LEVERAGE
Local/
Redevel. Agy
State
Federal
Rental Housing
Pacific Southwest CDC
Wakeland Housing
SADI LLC
Del Sol Apts. L.P.
St. Stephens
Rancho del Norte Apts
Lillian Place
Arbor Terrace
Del Sol Apartments
Jean C. McKinney Manor
Black Mountain Ranch
Centre City
North Park
Nestor
Central Imperial
150,000
731,000
1,135,448
26,000
10,000
2,052,448
119
73
69
90
49
400
u
u
u
u
u
1st Time Buyers
Downpayment
Citywide
87,420
9u
Rehabilitation
Disabled Tenant Access. Grants
SF Rehab Deferred/Amortized Ln
Mobile Home Grants
Citywide
Citywide
Citywide
17000
173,505
214,882
405,387
17 u
18 u
61 u
96
119 l
45 vl; 14 l
49 vl; 20 l
49 vl; 41 l
49 vl
6,600,000
4,454,794
3,154,000
5,152,375
1,308,686
9 med
2,113,757
17 vl
10 vl; 8 l
53 vl; 8 l
10,500,500
10,748,744
20,400,323
6,637,866
4,655,428
5,928,000
7,289,000
2,050,000
12107
38,888
11,582
5,445,169
235,000
5,777,552
2,050,000
917,158
154683
60,000
Transitional Housing
ECS
ECS
Mental Health Systems
Salvation Army
SD Second Chance
SDYCS
St. Vincent de Paul
St. Vincent de Paul
St. Vincent de Paul
Vietnam Veterans
YMCA
YWCA
YWCA
Julians Sanctuary
Downtown Safe Haven
Serial Inebriate Program
STEPS
Second Chance
Foster Care Graduate Housing
STEP
Family Living
Fresh Start
Welcome Home
Turning Point
Passages
Becky's House
Confidential
East Village
Downtown & City Height
East Village
City Hgts & E Village
Normal Heights
East Village
East Village
East Village
Valencia Park
City Heights
Downtown
Confidential
53,100
29,925
80,000
106,920
106,850
30,000
87,281
153,216
136,857
57,000
26,933
79,540
42,892
990,514
33
28
12
40
32
14
35
110
150
24
8
49
27
562
b
b
b
b
b
b
b
b
b
b
b
b
b
very low
very low
very low
very low
very low
very low
very low
very low
very low
very low
very low
very low
very low
16,933
9,000
123,500
40,925
398,917
65,000
434,285
941,668
1,128,671
18,750
37,352
307,301
124,950
35th Street
51st Street
Hope Village
Veterans Village Transitional Hsg
Normal Heights
City Heights
Talmadge
Midway
10,000
210,000
32,000
675,000
927,000
7
23
19
112
161
u
u
u
b
7 vl
23 vl
19 l
112 vl
1,116,887
193,264
509,328
5,500
123,134
606,537
25,000
63,921
513,713
889,399
146,250
378,739
441,403
Special Purpose Housing
SDYCS
Townspeople
JFS/TACHS
Vietnam Veterans
2,875,000
1,445,627
1,715,931
1,000,000
403,000
1,100,000
1,350,000
2,420,145
16,978,139
15,818,831
18,079,622
380,000
Nonprofit Capacity Building
Predevelopment Loans
TACHS
Townspeople
Pine Hollow (EA Loan)
51st Street (EA Loan)
Townspeople
51st Street
Webster
City Heights
15,000
10,000
56 u
see above
City Heights
10,000
see above
47 vl; 9 l
7,000,000
Project Support Grants
Capacity Building Grants
LISC
LISC
Tax Credit Development Training
Development Training
Citywide
Citywide
10,000
15,000
ALPHA Project
ALPHA Project
Hotel Metro
Hotel Metro
Centre City
Centre City
15,000
15,000
Targets of Opportunity
TOTAL
4,552,769
1,284
30,226,189
52,942,861
11/29/2006
11:45 AM
ÊÚ
(
^
ATTACHMENT 7
San Diego
Housing Commission
September 2006
Mira Mesa
Clairemont Mesa
ÊÚ
Kearny Mesa
Pacific Beach
(
^
Linda Vista
Serra
Mesa
(
^
Navajo
(
^
ÊÚ ^(
(
^
ÚÊ
Ú
Ê
Ú
Ê
ÊÚÊÚÊÚ ^(^(ÊÚÊÚ^(ÊÚÊÚ^( ÊÚÊÚ ÊÚ
ÊÚ BeachÊÚ
ÚÊ Greater
Ú
Ê
Ocean
Ê
Ú
ÊÚ
North Park
ÊÚ
Ú
Ê
(
^
Mid
City
Ú
(Ê
^
ÊÚ
ÊÚÊÚ^(^( ÊÚÊÚÊÚ
Ú
Ê
Centre^
Ú ^(
ÊÚ
( Ê
(
^
City
(
^
ÊÚ
ÊÚ ÊÚÊÚ
ÊÚ
Skyline
(^
^
(
Ú
Ê
Ú
Ê
Ú
Ê
Paradise
Hills
Barrio Logan
Ú
Ê
ÊÚ
(
^
College Area
City of San Diego
Housing Trust Fund Developments
FY 1990 - 2006
Ú
Ê
^
(
Acquisition/Rehabilitation
New Construction
Otay Mesa Nestor
(
^
ÚÊ
ÊÚ ^(
ÊÚ
San
Ysidro
NCFUA Properties
EL CA
MINO
RDO
IEL
T BE
O
O BE
RANCH
3
EL A
BLACK MOUNTAIN
L
DE
MT
N
TED
R
TE
BE
N
CE
CA
M
RN
DE
LN
AR
DO
TE
AMS
LI
WIL
RM
GE
CA
CO
UN
LA
VIL
GOLD COAST
AR
ANYON
SCRIPPS LAKE
NCH
LUSK
ESA
MIRA M
SPRING C
SCRIPPS RA
INES
ORREY P
NORTH T
LEY
AL
OV
T
REN
CAL
AL
TOB
RIS
LE C
WESTONHILL
TR 4
Y
12
CAMINO RUIZ
EL
Y
RC
ME
RK
RM
PA
AR
DEL M
9
HE
OR
EL
CA
MI
5
15
R
10
NO
TAIN
BLACK MOUN
DEL MAR HEIGHTS
SO
6
CARMEL VALLEY
14
CA
BE
O
RD
A
RN
Z
O RUI
1
13
7
CAMIN
LIN
EA
PAJO
LE
LA VAL
VIA DE
2
SAN DIEGUI
TO
CAM
5. Torrey Highands, 13370 Torrey Meadows Dr.
6. Torrey Del Mar, 13875 Carmel Valley Rd.
7. Chandon Villlage, 14350-60 Camino de la Luna
8. Rancho del Norte, 16700-16855 Saintsbury Glen
9. The Crossing, 13503-13545 Zinnia Hills Pl.
10. Vista Terraza, 7735 Via Solare
11. Fairbanks Ridge, Paseo del Sur & Babcock St.
12. Windwood Village, 12730 Briarcrest Pl.
13. Villa Glen, 6984 Rancho Santa Fe Farms Dr.
14. Villa Andalucia, 6595 Rancho del Sol Way
15. Seabreeze Apartments, 12757 Seabreeze Farms Dr.
16. Derby Terrace, 14103 Old El Camino Real
O
RNARD
SA 680
POMERADO
ANADA
WES
LA GR
LC
STE
CHE
MAN
DA
JA
BA
S
STEVEN
Y 101
HIGHWA
16
Rental Properties
11
8
LA
JO
ELI
EL CAMINO REAL
AN
For Sale Properties
1. Cristmar, 14500 Camino de La Luna
2. Sycamore Walk, 14652 Via Fiesta
3. Bella Rosa, 7570 Camino de la Rosa
4. Airoso, 6125 Village Center Loop Dr.
ORTE
R
SANTA FE
DEL N
RNA
ENCINITAS
DE
San Diego
Housing Commission
September 2006
N
IGH
TS
ATTACHMENT 8
RENTAL HOUSING DEVELOPMENTS
COMPLETED
Year
Completed
Project Name
Project Owner/Developer
Affordable
Units
HTF
IHF
NCFUA
HTF
Participation
FY1992
San Diego Apartments
City Heights CDC
16
√
220,000
FY1993
Josue House II
Lazzell Residence
Mountain View
St. Vincent de Paul Village
St. Stephens Retirement Center
HOPE CDC
1
59
4
√
√
√
27,050
112,577
80,183
FY1994
Hacienda Townhomes
Mercado Apartments
Take Wing
Hacienda Townhomes Ltd.
Mercado Apartments LP
SDYCS
51
144
32
√
√
√
363,197
1,425,000
858,114
FY1995
Hotel Metro/434
Lincoln Park Co-Op
Public Housing (Fulton, Saranac,
Golfcrest)
Wilson Avenue Apartments
SD SRO Ltd
HOPE CDC
193
15
√
√
555,837
300,000
SD Housing Commission
Townspeople
47
8
√
√
600,000
131,850
FY1996
Barrio Senior Villas
Mission Terrace Apartments
Barrio Senior Villas Inc.
Mission Terrace Associates LP
11
76
√
√
182,099
905,000
FY1997
Silvercrest Residence
El Nido
Salvation Army
Ecumenical Council
124
10
√
√
535,800
25,150
FY1998
Ariel House
Cornerstone Apartments
Park Place
Parkway Manor
St Vincent de Paul Village, Inc.
City Heights CDC
Chicano Federation
Chicano Federation
1
7
33
19
√
√
√
√
175,860
59,500
91,042
88,970
FY1999
Golden Villas Duplex
La Posada Apartments
Parker-Kier Building
Safe Havens
Trojan Apartments
Village View
Villa Alta
Winona Apartments
Greater Golden Hill CDC
South Bay Community Services
A Community of Friends
Episcopal Community Services
Chicano Federation
City Heights CDC
Urban Council Development
SD Community Housing Corp.
2
24
33
18
52
29
69
14
√
√
√
√
√
√
√
√
26,400
20,992
325,321
236,350
734,950
328,855
223,000
45,438
FY2000
Abbott Street
Felton Street Duplex
Hawthorn II Apts
Summit Crest Apartments
Ocean Beach CDC
Greater Golden Hill CDC
Chicano Federation
Southwest Summit Crest L.P.
10
2
18
28
√
√
√
√
170,000
26,400
31,611
20,000
28
14
44
39
√
√
√
√
608,400
412,200
109,074
200,315
8
6
√
√
239,800
57,448
12
√
6,740
1,100,000
600,000
Stepping Stone Central Recovery Cen The Stepping Stone of San Diego Inc.
Bayview CDC
Stork Street Apartments
Chicano Federation
Tahitian Manor
33rd Street Family Housing L.P.
Vista Verde Apartments
Welcome Home
Westview Home Apartments
Vietnam Veterans of San Diego, Inc.
Westview Home Apartments LLC
FY2001
Harmony Homes Apartments
City Heights CDC
FY2002
Bandar Salaam
Canyon Rim
Derby Terrace
Mason Hotel
Mercy Gardens
Reese Village
Seabreeze Farms
Stratton Apartments
Community Housing of North County
Fairfield Properties
Pardee Homes/Derby Terrace LLC
Hsg Development Partners of SD
Mercy Charities Housing Corp.
TACHS Property Development
Chelsea Investment Corp.
Fairfield Properties
67
353
24
27
22
18
37
218
√
√
Bella Vista (fka Logan Square)
Logan Square Housing Partners
170
√
50,000
Coronado Terrace
Delta Place
Grant Heights Park Apts
Harbor View Apts
Hollywood Palms
Mesa Family Villas
Parkside Apts
Sycamore Court Apartments
Tesoro Grove (fka Nestor)
Torrey del Mar
Torrey Highlands
Coronado Terrace Preservation LP
Chicano Federation
Urban Housing Corp
Harbor View Hsg Partnership LP
SD/Fox Hollow LP
Orange Housing
Southern California HDC
City Heights CDC
Affirmed Housing
Bridge Housing Corp-Southern CA
Chelsea Investment Corp.
310
42
27
59
94
41
39
16
104
112
76
√
√
√
√
√
√
√
√
√
359,000
1,250,000
17,279
5,000
900,500
47,000
468,838
38,500
1,490,000
Villa Harvey Mandel
Vista Terrace Hills
Windwood Village
St. Vincent de Paul Management Inc.
Vista Terrace Hills Preservation LP
Chelsea Investment Corp.
89
260
92
√
√
FY2003
IHF
Participation
NCFUA
Participation
Coastal
Participation
√
√
√
√
226,000
858,894
570,000
√
√
600,000
√
√
1,200,000
200,000
√
12/5/2006
11:48 AM
Year
Completed
FY2004
FY2005
FY2006
Project Name
Project Owner/Developer
Affordable
Units
HTF
IHF
√
√
Fairbanks Summit (aka Chandon
Village)
Island Village Apts.
Potiker Family Senior Residents (fka
Market Square Manor)
Villa Andalucia
Villa Glen
Pardee Homes
Island Village LP
10
280
Senior Community Centers
Chelsea Investment Corp.
Chelsea Investment Corp.
198
32
26
√
Casa Colina
City Heights Metro Villas
Hillside Gardens
Jean C. McKinney Manor
Paseo Glenn
Rancho del Norte
South 40th
Housing Development Partners of SD
City Heights CDC
KOR Realty Group LLC
St. Stephens
TACHS
Chelsea Investment Corp.
Bayview CDC
74
120
76
49
13
119
16
√
√
√
√
√
Beyer Courtyard
Creekside Trails
The Crossings
Vista Terraza
Wakeland Housing
Affirmed Housing
Chelsea Investment Corp.
Southern CA Housing Devel Corp
60
50
108
123
√
NCFUA
HTF
Participation
IHF
Participation
NCFUA
Participation
Coastal
Participation
√
1,500,000
800,000
790,000
√
√
10,000
10,000
10,000
10,000
79,000
√
√
150,000
350,000
96,000
10,978
√
60,000
√
√
330,000
400,000
RENTAL HOUSING PROJECTS
IN PROCESS
Estimated
Completion
Date
Dec-06
Dec-06
Jun-08
Dec-06
Aug-06
May-07
Dec-06
Nov-06
Jan-07
Nov-06
Jan-07
Oct-06
Nov-06
Jul-06
Project Name
4760 35th Street
51st Street Apts.
Arbor Terrace
Becky's II
Center Sunburst
Del Sol Apts
Delta Village
Fairbanks Ridge
Hope Village
Lillian Place
Pine Hollow
Renaissance North Park Seniors
Sagewood Estates (fka Sycamore
Estates)
Veterans Village Transitional Hsg
Total Participation
Project Owner/Developer
SD Youth & Comm Services
Townspeople
SADI LLC
YWCA of SD County
SD LGBT Community Center
Del Sol Apts. L.P.
Community Housing Works
Chelsea Investment Corp.
TACHS
Lillian Place L.P.
TACHS
SD Interfaith Housing Foundation
Fairfield Residential
Vietnam Veterans
Affordable
Units
HTF
7
√
23
√
69
√
14
√
24
√
90
√
135
√
204
19
√
74
57
√
94
√
106
112
5980
IHF
NCFUA
HTF
Participation
10,000
230,000
1,135,448
1,686,000
934,000
26,000
50,000
IHF
NCFUA
Coastal
Particpation Particpation Participation
2,050,000
√
32,000
√
731,000
15,000
690,606
√
√
675,000
$28,541,566
$1,741,000
$750,000
$2,380,000
12/5/2006
11:48 AM
ATTACHMENT 9
FOR-SALE HOUSING DEVELOPMENTS
COMPLETED
Year
Completed
Project Name
Project Owner/Developer
Affordable
Units
FY2005
Bella Rosa at Verrazzano
Cristamar at Santa Monica
Sycamore Walk
Shea Homes
Western Pacific Housing
The Olson Co.
42
26
70
FY2006
Airoso
Legacy Walk
Standard Pacific Homes
The Olson Co.
60
11
HTF
IHF
NCFUA
HTF
Participation
IHF
NCFUA
Participation Participation
HTF
Participation
IHF
NCFUA
Particpation Particpation
√
√
√
√
√
IN PROCESS
Estimated
Completion
Date
Project Name
Dec-06
La Boheme
Total Participation
Project Owner/Developer
D.R. Horton
Affordable
Units
22
HTF
IHF
√
NCFUA
231
12/5/2006
11:49 AM