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031924 CED Mills Act Guidelines PowerPoint Presentation

City Council - Successor Agency - Housing Authority
March 19, 2024

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031924 CED Mills Act Guidelines PowerPoint Presentation
Meeting
March 19, 2024
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City Council - Successor Agency - Housing Authority
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City Council
March 19, 2024
Mills Act Program Guidelines Updates

Background
2 City Council approved the use of the Mills Act Program in April 2020 Program limited to ten (10) applications per year
Maximum property valuation set at $800,000
Inspection requirements
Set application and inspection fees
Two (2) approved contracts to date
241 Jacaranda Place
330 West Whiting Avenue

Impediments to Applicants
Low threshold regarding property valuation
Average Orange County SFR home cost is $1.3 million
Survey of other cities – 1 city cap @ $2 million. Rest had no cap Application fee - $1,520
Survey of other cities – ranged between $0 and $2,694 (Average $920) Recurring inspection fee
Survey of other cities – no inspection or no fee requirement 5 Fullerton Heritage Recommendation
Increase property valuation threshold
Clarify some of the language in program
Remove duplicative inspections (i.e. 5 year)
Reduce application fee
Adjust application due date
Waive annual inspection fee if conducted by Fullerton Heritage volunteers Allowance of previous work to count towards rehabilitation plan 6 Historic Commission Recommendation
Removal of property valuation threshold
Removal of annual inspection fee
Reduction of application fee to $1,000
Approval of other “clean up” items in program
6 Recommended Action

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FULLERTON, CALIFORNIA, APPROVING REVISIONS TO THE MILLS ACT PROGRAM GUIDELINES 10 City Council
March 19, 2024
Mills Act Program Guidelines Updates

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