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Staff report progress on affordable housing projects, show district allocations and remaining balances
Summary
City housing staff updated the oversight board on dozens of affordable housing projects, noting completed developments, projects in predevelopment, district funding remaining and a roughly $5 million district-level allocation referenced in discussion.
Housing staff reported to the Capital Improvements Oversight Board on the status of a range of affordable housing projects that are funded in whole or part by General Obligation Bond (GOB) allocations.
Alberto Gaston, housing development coordinator, gave a slide-by-slide update: several projects are completed (for example, Moonwood Works), several are in predevelopment or pending closing (including a Flagler Villas phase and Citadel Village, both with anticipated closings this summer), and the Homeownership Preservation Program — offering loans of up to $70,000 for homeowners to repair roofs, windows and doors — has completed 15 homes with 11 under construction.
Gaston summarized remaining district allocations shown on the slides: District 1 approximately $4.8 million, District 2 about $2.13 million, District 3 about $5.39 million, District 4 largely expended, and District 5 about $300,137. He said staff expect additional allocations to be made in the next quarter and estimated $5 million — presented earlier in the meeting as an expected allocation to the affordable-housing category — could materialize as projects advance.
Board members asked about large shortfalls for some park-community projects (Douglas Park was cited as having a $15 million variance) and whether CDBG or other funds could close gaps; staff said they would follow up with the department of community development (CD) and report back. Gaston also described the city’s standard process for returned/withdrawn projects: funds typically revert to the district allocation and the housing department operates an open RFP process for developers.
Ending: Staff said they will provide updated project lists, site plans and the color-coded status sheet (green/yellow/red) at the next meeting and follow up on eligibility for state/federal programs to cover shortfalls.
