Attachment A: Approved Five-Year Plan
§302(c)(4) Plan Rev. 5/20/20
§302(c)(4)(A) Describe the manner in which allocated funds will be used for eligible activities.
The City of Pasadena will use PHA funds for the following activities: 1) to provide operating reserves subsidy to existing permanent supportive housing developments serving Extremely Low Income households; 2) to make down payment assistance loans to Moderate and Workforce Income households; 3) to provide rental assistance to households at risk of experiencing homelessness; and 4) to provide supplemental funding to the City's upcoming ADU pilot program, which will provide short-term loans for the predevelopment and construction of ADUs that are rented exclusively to the City's rental assistance clients, and which will help low-income owners rehabilitate existing ADUs. §302(c)(4)(B) Provide a description of the way the Local government will prioritize investments that increase the supply of housing for households with incomes at or below 60 percent of Area Median Income (AMI).
The operating reserves will be committed to permanent supportive housing developments, where residents earn little or no income. The rental assistance will be provided to households who earn no more than 50% of AMI. Finally, the City intends to require new construction ADU landlords to rent to the City's rental assistance clients, so all of these ADUs will be rented §302(c)(4)(C) Provide a description of how the Plan is consistent with the programs set forth in the Local Government's Housing Element The Plan is consistent with several of the goals included in the City's Local Housing Element, including: 1) Facilitating a mix of household income and affordability levels in residential projects; 2) Facilitating the development of affordable housing through financial assistance; 3) Supporting the provision of rental assistance for residents earning lower incomes; and 4) Encouraging the development of Workforce Housing Opportunities.
Activities Detail (Activities Detail (Must Make a Selection on Formula Allocation Application worksheet under Eligible Activities, S301)). §301(a)(1) The predevelopment, development, acquisition, rehabilitation, and preservation of multifamily, residential live work, rental housing that is affordable to extremely low- very low low, or moderate-income households, including necessary Operating subsidies §302(c)(4)(E)(i) Provide a description of how allocated funds will be used for each proposed Affordable Rental Housing Activity.
Operating subsidy will be provided to an existing permanent supportive housing development to ensure that the project can continue to operate with a high standard of maintenance and offer excellent supportive housing for residents.
Complete the table below for each proposed Affordable Rental Housing Activity to be funded with 2019-2023 PLHA allocations. If a single Activity will be assisting households at more than one level of Area Median Income, please list the Activity as many times as needed to capture all of the AMi levels that will be assisted, but only show the percentage of annual funding allocated to the Activity one time (to avoid double counting).
Funding Allocation Year 2019 2020 2021 2022 2023
§302(c)(4)(E)(i) Percentage of
Funds Allocated for the 10.00%| 10.00% 10.00% | 10.00%| 10.00% Proposed Affordable Rental
Housing Activity
$302(c)(4)(E)(ii) Area Median 30% 30% 30% 30% 30% TOTAL Income Level Served
$302(c)(4)(E)(ii) Unmet share of 192 192 192 192 192 960 the RHNA at the AMI Level
$302(c)(4)(E)(ii) Projected 142 142 142 142 142 710
Number of Households Served
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§302(c)(4)(E)(iv) Period of
Affordability for the Proposed
Affordable Rental Housing 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years Activity (55 years required for
rental housing projects)
§302(c)(4)(E)(iii) A description of major steps/actions and a proposed schedule for the implementation and completion of the Activity.
Once funding is received, the City will review the operating budget with the project opeartor in order to determine how best to address operating need. Funding will be deployed after such a reivew.
§301a(2 The predevelopment, development, acquisition, rehabilitation, and preservation of Affordable rental and ownership housing, including Accessory Dwelling Units ADUs), that neets the needs of a growing workforce earning up to 120 percent of AMI. or 150 percent of AMI in high-cost areas. ADUs shall be available for occupancy for a term of no less than 30 days.
§302(c)(4)(E)(i) Provide a description of how allocated funds will be used for each proposed Affordable Rental and Percentage of Funds Allocated for Affordable Ownership Housing Activity. Owner-occupied Workforce Housing 40% The City will offer a new Workforce Down Payment Assistance program, which will provide down payment assistance to households earning up to 150% of AMl using PLHA funds. The City will also use PHLA funds to supplement its upcoming ADU Pilot Program, which will provide predevelopment and construction financing to households constructing new ADUs that will be rented to recipients of the City's Rental Assistance program. The ADU Pilot Program will also provide financing to moderate-income households rehabilitating existing ADU units.
Complete the table below for each proposed Affordable Rental and Ownership Housing Activity to be funded with 2019-2023 PLHA allocations. If a single Activity will be assisting households at more than one level of Area Median Income, please list the Activity as many times as needed to capture all of the AMI levels that will be assisted, but only show the percentage of annual funding allocated to the Activity one time (to avoid double counting).
Funding Allocation Year 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Type of Affordable Housing Owner Owner Owner Owner Owner ADU ADU ADU ADU ADU Activity
§302(c)(4)(E)(ii) Area Medial 150% 150% 150% 150% 150% 50% 50% 50% 50% 50% TOTAL Income Level Serve
302(c)(4)(E)(ii) Unmet share c 153 153 153 153 153 765
he RHNA at AMI Leve
§302(c)(4)(E)(i) Percentage of
Funds Allocated for Each 40% 40% 40% 40% 40% 30% 30% 30% 30% 30% Affordable Housing Activity
§302(c)(4)(E)(ii) Projected 8 8 8 8 5 5 5 65
Number of Households Servec
§302(c)(4)(E)(iv) Period of
Affordability for the Proposed
55 55 55 55 55 7 7 7
Activity (55 years required for
rental housing projects)
§302(c)(4)(E)(iii) A description of major steps/actions and a proposed schedule for the implementation and completion of each Affordable Rental and Ownership Housing project.
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The City is in the process of drafting guidelines for the City's Workforce Income Down Payment Assistance program. Once guidelines are finalized, the City will advertise the availability of the program and accept applications. It's anticated that the first downpayment assistance loans will be provided eight (8) months after guidelines are finalized. The City has already developed guidelines for the ADU Pilot Program and expects to launch this program in Fall 2020/Winter 2021. §301(a 3) Matching portions of funds placed into Local or Regional Housing Trust Funds. §301(a)(4) Matching portions of funds available through the Low- and Moderate Income Housing Asset Fund pursuant to subdivision (d) of HSC Section 34176 §301(a)(5) Capitalized Reserves for Services connected to the preservation and creation of new permanent supportive housing. §301(a)(6) Assisting persons who are experiencing or At risk of homelessness, including, but not limited to, providing rapid rehousing, rental assistance, supportivelcase management services that allow people to obtain and retain housing, operating and capital costs for navigation centers and emergency shelters, and the new construction rehabilitation, and preservation of permanent and transitional housing.
§302(c)(4)(E)(i) Provide a description of how allocated funds will be used for the proposed Activity.
The PLHA funding will be used to provide short-term Rental Assistance to households at risk of experiencing homelessness.
Complete the table below for each proposed Activity to be funded with 2019-2023 PLHA allocations. If a single Activity will be assisting households at more than one level of Area Median Income, please list the Activity as many times as needed to capture all of the AMI levels that will be assisted, but only show the percentage of annual funding allocated to the Activity one time (to avoid double counting).
Funding Allocation Year 2022 2023
Type of Activity for Persons
Experiencing or At Risk of Transitional Transitional Transitional Transitional Transitional Homelessness
5302(c)(4)(E)(i) Percentage of
Funds Allocated for the 20.00% 20.00% 20.00% 20.00% | 20.00% Proposed Activity
§302(c)(4)(E)(ii) Area Median 50%
50% TOTAL
income Level Served
$302(c)(4)(E)(ii) Unmet share of 135
747
the RHNA at AMI Level
5302(c)(4)(E)(ii) Projected 37 37 37 37 37
Number of Households Served 185
5302(c)(4)(E)(iv) Period of
Affordability for the Proposed
Activity (55 years required for
rental housing projects)
§302(c)(4)(E)(ii) A description of major steps/actions and a proposed schedule for the implementation and completion of the Activity.
The City has 37 units that were constructed under the Density Bonus law, with covenants set to expire in 2023. The PHLA funding will be used to provide the tenants of these units with short-term rental assistance as they relocate.
§301(a)(7) Accessibility modifications in Lower-income Owner occupied housing. 5301(a)(8) Efforts to acquire and rehabilitate foreclosed or vacant homes and apartments. [5301(a)(9) Homeownership opportunities, including, but not limited to, down payment assistance.
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5302(c)(4)(E)(i) Provide a description of how allocated funds will be used for the proposed Activity. ercentage of Funds Allocated for Affordab 40%
wner-occupied Workforce Housing (AOWI
The City will offer a new Workforce Down Payment Assistance Program, which will provide downpayment assistance to households earning up to 150% of AMi, using PHA funds. omplete the table below for each proposed Activity to be funded with 2019-2023 PLHA allocations. If a single Activity Will be assisting households at more than one level of Ari edian Income, please list the Activity as many times as needed to capture all of the AMI levels that will be assisted, but only show the percentage of annual funding allocated to t Activity one time (to avoid double counting)
Funding Allocation Year 2019 2022 2023
Type of Homeowner Assistance Home Buyer Assistance Home Buyer Assistance Home Buyer Assistance Home Buyer Assistance Home Buyer Assistance S302(c)(4)(E)(i) Percentage of
Funds Allocated for the 40.00% 40.00% 40.00% 40.00% 40.00% Proposed Activity
$302(c)(4)(E)(ii) Area Median 150% 150% 150% 150% 150% TOTAL Income Level Served
§302(c)(4)(E)(ii) Unmet share of
the RHNA at AMI Level
§302(c)(4)(E)(ii) Projected
8 8 8 8 40
Number of Households Served
§302(c)(4)(E)(iv) Period of
Affordability for the Proposed
Activity
$302(c)(4)(E)(iii) A description of major steps/actions and a proposed schedule for the implementation and completion of the Activity.
The City is in the process of drafting guidelines for the City's Workforce Income Down Payment Assistance program. Once guidelines are finalized, the City will advertise the availability of the program and accept applications. It's anticated that the first downpayment assistance loans will be provided eight (8) months after guidelines are finalized. §301(a)(10) Fiscal incentives made by a county to a city within the county to incentivize approval of one or more affordable housing Projects, or matching funds invested by a county in an affordable housing development Project in a city within the county, provided that the city has made an equal or greater investment in the Project. The county fiscal incentives shall be in the form of a grant or low-interest loan to an affordable housing Project. Matching funds investments by both the county and the city also shall be a grant or low-interest deferred loan §302(c)(4)(D) Evidence that the Plan was authorized and adopted by resolution by the File Name: Plan Adoption Local jurisdiction and that the public had an adeauate opportunity to review and comment Attached and on USB? on its content.
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