Loading...
Item 13 Staff Report Housing Conservation ProgramCOUNCIL AGENDA , DATE: 4/17/95 ITEM NO. I3 TOWN OF LOS GATOS COUNCIL AGENDA REPORT DATE: April 13, 1995 TO: MAYOR AND TOWN COUNCIL FROM: TOWN MANAGER SUBJECT: HOUSING CONSERVATION PROGRAM RECOMMENDATION: Informational report; no action required. BACKGROUND: The Housing Conservation Program (HCP) assists very low and low income Los Gatos residents rehabilitate their homes. Income eligible residents may receive either a low interest installment loan, deferred loan or grant. Housing rehabilitation includes home repairs, earthquake and other safety improvements and accessibility modifications. The Program began in 1976. To date, it has assisted over 320 households with rehabilitating their homes. After the 1989 Loma Prieta earthquake, over 50 households were assisted with obtaining State and American Red Cross loans and grants in excess of $3,000,000. The Program meets Town objectives: very low and low income Los Gatos residents are assured a safe and comfortable living environment; the existing housing stock is maintained; and the Town's General Plan housing objectives are furthered. DISCUSSION: The HCP receives annual funding through the Community Development Block Grant (CDBG)Program. CDBG funds are allocated to three housing related activities program: Rehab Project Support, Housing Rehabilitation Loans, and County Rehab Specialist. Funds can be reprogrammed to other CDBG activities. Eliminating the HCP will not result in general fund savings. PREPARED BY: Regina A. Falk Community Sr-i RAF:SG:dr A CSD18:A:\CNCLRPTS\HCPRPT Attachment: 1. HCP Loan Revenues 'rector Revised: 4/13/95 2:25 pm Distribution: Jim Lewis, 156 Vista Del Monte, Los Gatos 95032 Jo Bartlett, 166 Oak Hill Way, Los Gatos 95030 Reviewed by: Attorney Clerk Finance Treasurer COUNCIL ACTION/ACTION DIRECTED TO: PAGE 2 MAYOR AND TOWN COUNCIL SUBJECT: HOUSING CONSERVATION PROGRAM DATE April 13, 1995 a. Housing Program: Rehab Project Support The Community Services Department's Housing Program receives an annual CDBG allocation of about $45,000. This grant is used to offset staffing costs. The Housing Program's $46,490 budget also includes a $1,490 general fund allocation. Housing staff provides services including: processing new rehab projects from outreach to rehab completion; managing and monitoring 43 existing loans (totalling $1.3 million); providing information on low income housing in Los Gatos; assisting with the Below Market Price Program; assisting with affordable housing projects/programs; and managing special housing grant/loan funds (i.e. Red Cross and CALDAP). b. Housing Rehabilitation Loans Funding for Housing Rehabilitation Loans includes annual CDBG allocations and program income. Loan revenues (monthly payments and loan payoffs) are deposited into a Bank of the West revolving account and are "recycled" for loans to future clients. Attachment 1 shows a projected balance for loans and grants at approximately $5,000 at the end of FY 1995-96. If the fund balance is greater than projected than dollars can be reprogrammed to other CDBG activities, except public services. Over the years, funds have been transferred to affordable housing developments such as Open Doors. Community Services and Planning departments staff are developing a Redevelopment Agency required plan to address the need for more affordable housing in Los Gatos. c. County Rehab Specialist The HCP Program currently uses County Rehab Specialist services for home inspections, work write-ups, contractor bidding, and rehab monitoring. In the last round of CDBG grant negotiations, the County and the eight Urban County Pool cities agreed that the County could charge for rehab services. A flat fee of $15,000 was established for FY 1994-95 and FY 1995-96. Town Staff is exploring the possibility of providing these services in house. The HCP annual goal is to provide eight loans or grants. In the early 1990's, the Program exceeded this goal by assisting households with earthquake repairs. Staff used CDBG funds to leverage other funds. As a result of staff efforts, over $3,000,000 was allocated to Los Gatos households from the State and the American Red Cross. Over the past two years, the demand for rehabilitation has decreased. Possible reasons for lower demand include: 1.) many homes with deferred maintenance were rehabilitated soon after the earthquake; 2.) the slower growing local economy may be deterring people from incurring debt; and, 3.) lower commercial interest rates in the past two years. Staff continues to actively market the HCP. For FY 1994-95, staff developed a new flyer and did a bulk mailing to local churches and over 500 Los Gatos senior households. Flyers have been posted at Town Hall. Presentations were made to several senior organizations. A public service announcement was placed on Channel 6, KCAT. Newspaper ads were placed in the Los Gatos Weekly twice in November and twice in April. Through informal surveys, we have been able to gauge that customers are generally satisfied with the HCP. In situations where the owner and contractor are in dispute, both the program coordinator and rehab specialist make every effort to mediate and reach a mutually beneficial resolution. There are some inherent tensions given the nature of housing rehabilitation: it disrupts daily living patterns, affects households most valuable assets, and scheduled work can be delayed due to weather or availability of materials. PAGE 3 MAYOR AND TOWN COUNCIL SUBJECT: HOUSING CONSERVATION PROGRAM DATE April 13, 1995 ENVIRONMENTAL ASSESSMENTS: This is not a project as defined under CEQA, and no further action is required. FISCAL IMPACT: CDBG funds are allocated to three separate housing functions: 1.) Community Services Department's Housing Program, which pays for staff; 2.) Housing Rehabilitation Loans; and, 3.) County Rehabilitation Services. FY 1994-95 Projected FY 1995-96 1. COMMUNITY SERVICES DEPARTMENT HOUSING PROGRAM CDBG: Project Support $45,000 $45,000 General Fund: BMP Support $ 1,490 $ 1,490 2. HOUSING REHABILITATION LOANS $38,000 $18,250 (See attachment 1) 3. COUNTY REHABILITATION SERVICES $15,000 $15,000 Cuts in this area will result in reduced staff and housing services. Housing Program Funds pay for the Community Services Director (.10 FTE), Community Services Program Coordinator (.65 FTE), Administrative Secretary (.05 FTE) and Secretary I (.05 FTE) salaries. Housing Rehabilitation Loans reflect the annual funding to provide loans and grants. Reprogramming of these funds will affect the Programs' ability to provide loans/grants Rehab Loan funds can be transferred to other CDBG activities, except public services which has a cap. An allocation to County Rehabilitation Services is required since Los Gatos uses these services as part of the HCP. For the current fiscal year and FY 1995-96, the County is charging a flat fee for these services. Community Services is exploring the possibility of providing these services in house. REVENUE/EXPENSE Housing Rehab Project Support; 8030-45050 - $45,000 (Expense 8030) Housing Rehab Loans; 218-45040 - $23,000 (Loans 218-12300; Deferred Loans 218-12310) County Rehab Specialist - $15,000 Affordable Housing fund; 218-45040 - $10,000 (Expense 2218) Attachment 1 HCP LOAN REVENUES ACCOUNT BALANCES: Bank of West (2/28/95) $30,679.72 HCD-218-45040 $35,000.00 (*)Rehab Loans LG-00-51 $6,792.00 Rehab Loans LG-93-51 $66,781.76 Rehab Loans LG-94-51 $85,892.00 Rehab Loans LG-95-51 $38,250.00 Encumbered ($9.500.00) TOTAL $253,895.48 (*) Rehab Loans line items (LG-00-51 through LG-95-51) represent lines of credit available through the County CDBG Program. REHAB GOAL: Our goal for the period 1/1/95 to 6/30/96 is to do 3 grants and 8 loans. Grants average $3,000 and loans average $30,000. 3 grants ($3,000) = $9,000 8 loans ($30,000) = $240,000 11 total projects $249,000 FUNDS STATUS: Loan & grant funds available Expenditure based on rehab goal Surplus/Funds for affordable housing $253,895.48 ($249.000.00) $4, 895.48 We plan to use surplus funds for affordable housing projects. HCPREV.XLS Page 1 4/12/95 April 17, 1995 Los Gatos, California THIRD QUARTER BUDGET REPORT CONT. Motion by Mrs Lubeck, seconded by Mr. Blanton, that Council accept the third quarter budget report. Carried unanimously. HOUSING CONSERVATION PROGRAM (13.16) Jim Lewis, 156 Vista Del Monte, suggested that the Town use a portion of the housing set aside funds for fulfilling ADA requirements. Council consensus to accept and file the informational report on the housing conservation program. LANDSCAPING/LOS GATOS WOODS/TRAFFIC AUTHORITY/RESOLUTION 1995-45 (17.40) Andrew Palmisano, 702 More Ave, addressed the use of taxpayers money for funding an individual homeowners association needs. Staff pointed out that this was designated landscaping funds provided for within the Traffic Authority's budget. Motion by Mrs Lubeck, seconded by Mr. Attaway, that Council adopt Resolution 1995-45 entitled, RESOLUTION OF THE TOWN OF LOS GATOS AUTHORIZING THE TOWN MANAGER TO EXECUTE AGREEMENTS FOR ADDITIONAL ROUTE 85 LANDSCAPING. Carried unanimously. COMMITTEE REPORTS (27.10) Brazilian Host Committee Randy Attaway spoke of the Brazilians celebrating the 1994 World Cup win and their request to visit Los Gatos during this celebration. The Brazilian General Consul asked that we coordinate the event with them. ABAG Conference Linda Lubeck noted her attendance at the spring conference and the anticipated topic of Constitutional Revision which is on the agenda. Transit District Joanne Benjamin spoke of the District's proposal for transit shelters to bear advertisement notices which may violate the Town's sign ordinance ADJOURNMENT Motion by Mr. Blanton, seconded by Mrs. Benjamin, that this evening's meeting be adjourned at 10:35 p.m. Carried unanimously. TC:D7:MM041795 ATTEST: Marian V. Cosgrove Town Clerk 9