HOUSING AUTHORITY OF THE CITY OF SANTA ROSA   
Council Chamber, City Hall
100 Santa Rosa Avenue, Santa Rosa, California 

SEPTEMBER 26, 2011 

1:30 p.m.

 AGENDA 

1.       CALL TO ORDER

2.         ROLL CALL

3.         PUBLIC APPEARANCES / PUBLIC COMMENTS:  Except for public hearing agenda items, public may comment on all other agenda items and on items not on the agenda within the jurisdiction of the Housing Authority during this period. The public may comment on public hearing agenda items when the hearing is opened. Each speaker is allowed three minutes.

 

4.         ACKNOWLEDGMENTS AND ANNOUNCEMENTS

 

5.         STATEMENTS OF ABSTENTION

 

6.         APPROVAL OF MINUTES FOR MEETINGS HELD AUGUST 22 AND AUGUST 29, 2011

 

7.         CHAIRMAN / COMMISSIONER REPORTS

 

8.         COMMITTEE REPORTS

 

9.         CONSENT ITEMS:  None

10.       SCHEDULED ITEMS:

10.1     REQUEST TO APPROVE A CHANGE TO THE OWNERSHIP STRUCTURE AND APPROVE THE SUBORDINATION OF THE HOUSING AUTHORITY’S LOAN FOR COMMUNITY HOUSING SONOMA COUNTY AND VIETNAM VETERANS OF CALIFORNIA’ S WEST HEARN AVENUE VETERANS HOUSING PROJECT, LOCATED AT 2149 WEST HEARN AVENUE

BACKGROUND:  On October 22^nd, 2007, the Housing Authority approved a loan request in the amount of $245,407 to assist Community Housing Sonoma County (CHSC), formerly known as Community Housing Development Corporation of Santa Rosa (CHDCSR), and Vietnam Veterans of California (VVC) with the acquisition of the property located at 2149 West Hearn Avenue, known as “West Hearn Avenue Veterans Housing Project” (Project), an existing, vacant residential care facility for the development of a twelve-bed transitional housing facility for homeless veterans.  VVC learned through the State of California Department of Housing and Community Development’s (HCD) application process for Emergency Housing and Assistance Program Capital Development (EHAPCD) funds, and after receiving funding approvals from the Housing Authority and the County of Sonoma, that EHAPCD regulations prohibited VVC from being vested in the property prior to execution of the State’s Standard Agreement (loan agreement).  In order to secure financing for the Project and to meet EHAPCD regulations, Housing Authority staff approved the execution of a Release and Assumption Agreement which assigned VVC’s obligations under the Housing Authority loan documents to CHSC.  CHSC informed staff that VVC would go back on title upon execution of the State’s Standard Agreement, as originally contemplated.  VVC is no longer agreeable to take ownership of the property.  Under the proposed ownership structure, to keep the Project viable, CHSC is willing to remain the owner of the property and VVC will serve as the operator of the Project through a long-term leasehold interest.  In order for CHSC and VVC to close on the EHAPCD loan, the Housing Authority must approve the subordination request and the ownership change given that the ownership structure has changed from what the Housing Authority previously approved.  

RECOMMENDATION:  The Department of Economic Development and Housing recommends that the Housing Authority, by resolution, approve a change to the ownership structure from Vietnam Veterans of California (VVC) to Community Housing Sonoma County (CHSC) and approve the subordination of the Housing Authority’s $245,407 loan to the State of California Department of Housing and Community Development’s (HCD) $954,433 loan for CHSC’s and VVC’s West Hearn Avenue Veterans Housing Project, located at 2149 West Hearn Avenue.

11.       COMMUNICATION ITEMS:

              11.1     MONTHLY ACTIVITIES REPORT

11.2    MEMO - UPDATED INCOME GUIDELINES, AFFORDABLE HOUSING PROGRAM RENTS, AND MAXIMUM SALES CHARTS 

11.3    MEMO - HOUSING ALLOCATION PLAN ORDINANCE

12.       ADJOURMENT

 

The City of Santa Rosa does not discriminate on the basis of disability in the admissions or access to, or treatment of or employment in, its programs or activities.  Disability-related aids or services, including printed information in alternate formats, to enable persons with disabilities to participate in public meetings and programs are available by contacting the Economic Development and Housing Secretary at (707) 543-3300 one week prior to the meeting/program.

This information can also be accessed via the internet at: http://www.srcity.org