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HomeMy WebLinkAbout03-28-2022 Housing Authority of South Bend PresentationHOUSING AUTHORITY OF SOUTH BEND Catherine Lamberg Executive Director REDEVELOPMENT UPDATES RABBI SHULMAN AND MONROE CIRCLE •The HASB has submitted two Section 18 applications. Section 18 of the 1937 United States Housing Act is a policy of the federal Department of Housing &Urban Development (HUD)which allows public housing authorities to demolish and redevelop their properties under certain conditions. •Through the procurement process (codified at 2 CFR §200.317–200.326 which apply whenever HUD or other federal funds are used in development or operations of public housing projects), we have selected a nationally known developer to be our partner in providing new units at these developments •The HASB is working diligently to provide affordable housing that will serve very low-income households in units that they can be proud of, and which will be an asset to the entire City. •The selected Development Partner is an entity with whom we will enter a partnership or other contractual arrangement (MDA) to provide for mixed-finance development of public housing units, has primary responsibility with HASB for development of former public housing units and is covered under Federal Regulations found at 24 CFR §941.602 (h)(1) •Mixed Finance development allows the HASB to bring additional necessary funding, through public/private partnerships, beyond what HUD would provide to upgrade our properties. REDEVELOPMENT PROCESS NEXT STEPS The next phases, once the Section 18 approval is received, will include further planning, feasibility, and resident, community and stakeholder consultation. The initial assumption is that redevelopment will take place through demolition of existing structures and redevelopment on existing sites. HASB is committed to mixed-income and affordable housing, and redevelopment is therefore likely to increase the total number of units on the sites in order to accommodate replacement units as well as other affordable, moderate and/or market- rate units. Program Options Key Characteristics RAD •Standard •Streamlined •O-Zone Rent Boost ($100 PUM) •Section 18 Blends (see below) •One-for-one (de-minimis) •Current Funding •PBV or PBRA •Use of PH Funds •Financing Plan •Resident Rights •Choice Mobility •Fungibility, No Faircloth, DDTF, or ARF •RAD Rent Caps Section 18 •Obsolescence •Health Safety •Infeasible Operation •Scattered Sites •PHA with 50 or Fewer Units •RAD Blends (see below) •More Efficient and Effective •PBV only (not PBRA) •No one-for-one •TPVs •HOTMA waivers •Use of disposition proceeds for PH or Section 8 •DDTF, ARF, and Faircloth •Required disposition Voluntary Conversion •Streamlined (PHAs with 250 or Fewer Units) •Standard •No one-for-one •Tenant consent to project-base the TPVs •Eligible for Faircloth, DDTF, and ARF •No disposition required Required Conversion N/A •250 or more units with 12% or greater vacancy rate over three years •Must remove units •Not eligible for DDTF RAD/Section 18 Blends •Small PHA Blend (80% Section 18) •Construction Blend o 30% of HCC qualifies for 20% Section 18; o 60% of HCC qualifies for 40% Section 18; o 90% of HCC (80% in high-cost markets) qualifies for 60% (80%) Section 18. •RAD resident rights to all tenants •Includes some (not all) RAD PBV waivers Choice Neighborhoods (CNI Grant) Choice Neighborhoods Implementation Grants support communities that have undertaken a comprehensive local planning process and are ready to implement it. PORTFOLIO REPOSITIONING H A S B W I L L C O N T I N U E T O M A I N TA I N A N O W N E R S H I P I N T E R E S T W H I C H L O O K S O U T F O R T H E W E L L B E I N G O F O U R R E S I D E N T S SUPPORT OF THE SOUTH BEND COMMON COUNCIL April 26th2021 Resolution in support of the HASB and calling for a recommitment to the partnership between the City of South Bend and the HASB and for going on record that the City Administration should earmark funds to support the HASB in our redevelopment/repositioning efforts. In relation to the current proposed Resolution, if it is intended to create a committee or study group to create a master plan for affordable housing for the City, we, the HASB, cannot commit resources to that laudable effort at this time.We are laser focused on our mission and that is taking all the resources we have. As noted in the April 2021 Resolution, the need for a comprehensive Affordable Housing Plan of the City of South Bend is appropriately placed in the Consolidated Planning Process Pursuant to 24 CFR 91.15 The Consolidated Plan is designed to help local jurisdictions to assess their affordable housing and community development needs and market conditions, and to make data-driven, place-based investment decisions. The consolidated planning process serves as the framework for a community-wide dialogue to identify housing and community development priorities that align and focus funding from the CPD formula block grant programs:Community Development Block Grant (CDBG) Program,HOME Investment Partnerships (HOME) Program,Housing Trust Fund (HTF),Emergency Solutions Grants (ESG) Program, and Housing Opportunities for Persons With AIDS (HOPWA) Program THANK YOU In conclusion, thank you again for your support to the HASB and for your willingness to appropriate funds to help fill development gaps that we may have as we provide new affordable housing for our residents. Thank you for the April 2021 Resolution which outlines the commitment of the Council to the efforts of the HASB and the call for a comprehensive Affordable Housing Plan which is achieved under the Consolidated Planning Process which we have and will continue to participate in. Thank you for this opportunity to share our most recent updates with you and for your continued support.