“Note: This PowerPoint presentation is intended solely as a visual aid to an oral staff presentation of an agenda report topic. In the event of any differences between the presentation and the agenda report, the information in the agenda report prevails.” CONSIDERATION OF PARTICIPATING IN THE SOUTH BAY REGIONAL HOUSING TRUSTFEBRUARY 17, 2026 2CITY OFMANHATTAN BEACH“Note: This PowerPoint presentation is intended solely as a visual aid to an oral staff presentation of an agenda report topic. In the event of any differences between the presentation and the agenda report, the information in the agenda report prevails.” •South Bay Cities Council of Governments (SBCCOG) ºRepresented by 16 cities and LA County; work collaboratively on various regional matters•South Bay Regional Housing Trust (SBRHT)ºJPA to help fund construction/development of affordable housing unitsºAt least 6 cities confirmed participation
BACKGROUND
FEBRUARY 17, 2026SOUTH BAY REGIONAL HOUSING TRUST PARTICIPATION 3CITY OFMANHATTAN BEACH“Note: This PowerPoint presentation is intended solely as a visual aid to an oral staff presentation of an agenda report topic. In the event of any differences between the presentation and the agenda report, the information in the agenda report prevails.” PurposeReceive and leverage public and private funding for housing of all types and tenures for extremely-low, very-low, and low-income householdsºFlexible fundingºStrategic guidanceºTechnical assistance
SOUTH BAY REGIONAL HOUSING TRUST
FEBRUARY 17, 2026SOUTH BAY REGIONAL HOUSING TRUST PARTICIPATION 4CITY OFMANHATTAN BEACH“Note: This PowerPoint presentation is intended solely as a visual aid to an oral staff presentation of an agenda report topic. In the event of any differences between the presentation and the agenda report, the information in the agenda report prevails.”
SOUTH BAY REGIONAL HOUSING TRUST
FEBRUARY 17, 2026SOUTH BAY REGIONAL HOUSING TRUST PARTICIPATION •Utilize Measure A funding ($7.3 Mil.)and other agency matching funds ($7 Mil.) •Provide loans for city-supported affordable housing developmentsSBRHTGenerate revenue stream to maximize use of funds SBCCOGLimited to providing grants and rental/ operating subsidiesVS 5CITY OFMANHATTAN BEACH“Note: This PowerPoint presentation is intended solely as a visual aid to an oral staff presentation of an agenda report topic. In the event of any differences between the presentation and the agenda report, the information in the agenda report prevails.” •City’s affordable housing units in the pipeline are private, density bonus projectsºNot eligible for SBRHT funds•Draft Joint Powers AgreementºDoes not include affordable housing monitoring and administrative services>> Function the City is currently seeking
PARTICIPATION CONSIDERATIONS
FEBRUARY 17, 2026SOUTH BAY REGIONAL HOUSING TRUST PARTICIPATION 6CITY OFMANHATTAN BEACH“Note: This PowerPoint presentation is intended solely as a visual aid to an oral staff presentation of an agenda report topic. In the event of any differences between the presentation and the agenda report, the information in the agenda report prevails.” •Assistance in administrating/monitoring deed-restricted housing unitsºDevelop affordable housing program guidelinesºTenant selections and expectationºFacilitate outreach and marketing of unitsºDay-to-day monitoring and compliance programºCreate online portal for program administration
PARTICIPATION CONSIDERATIONS
FEBRUARY 17, 2026SOUTH BAY REGIONAL HOUSING TRUST PARTICIPATION 7CITY OFMANHATTAN BEACH“Note: This PowerPoint presentation is intended solely as a visual aid to an oral staff presentation of an agenda report topic. In the event of any differences between the presentation and the agenda report, the information in the agenda report prevails.” RECOMMENDATIONStaff recommends not joining the SBRHT JPAºCan reconsider in the future if affordable housing administration/monitoring program incorporated into the JPA’s scope FEBRUARY 17, 2026SOUTH BAY REGIONAL HOUSING TRUST PARTICIPATION 8CITY OFMANHATTAN BEACH“Note: This PowerPoint presentation is intended solely as a visual aid to an oral staff presentation of an agenda report topic. In the event of any differences between the presentation and the agenda report, the information in the agenda report prevails.” POLICY ALTERNATIVES1. Join the SBRHT and advocate for an affordable housing administration and monitoring program; OR2. Pursue establishing a separate JPA strictly for affordable housing administration and monitoringFEBRUARY 17, 2026SOUTH BAY REGIONAL HOUSING TRUST PARTICIPATION