§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 to the affordable housing Project. §301(a)(9) Homeownership opportunities, including, but not limited to, down payment assistance. §301(a)(8) Efforts to acquire and rehabilitate foreclosed or vacant homes and apartments.
Included?§301(a) Eligible activities are limited to the following:
Eligible Activities, §301
§301(a)(3) Matching portions of funds placed into Local or Regional Housing Trust Funds.
PLHA Formula 5-year Plan - Amendment Rev. 5/7/21
§301(a)(2) The predevelopment, development, acquisition, rehabilitation, and preservation of affordable rental and ownership housing, including Accessory Dwelling Units (ADUs), that meets 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.
§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. §301(a)(7) Accessibility modifications in Lower-income Owner-occupied housing. §301(a)(6) Assisting persons who are experiencing or At-risk of homelessness, including, but not limited to, providing rapid re-housing, rental assistance, supportive/case 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. §301(a)(5) Capitalized Reserves for services connected to the preservation and creation of new permanent supportive housing. §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.
YES
YES
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PLHA Page 1 Formula Allocation Application
Attachment #2
§302(c)(4)(E)(ii) Unmet share of
the RHNA at the AMI Level
Note: complete for year 2019
& 2020 only
The City proposes to solicit projects from regional developers to develop projects that meet priority needs for the City and/or allow the City to utilize available land and other funding assets in order to expedite projects. This may include solicitations for specific RFP's. The CIty recently completed an expression of interest RFP for its land inventory persuant to AB1486, and intook several small projects from that solicitation. In an ongoing basis, the City will continue to solicit affordable developer interest to complete project that meet the City's needs, especially the production of permanent supportive housing. The RHNA numbers provided in this Plan for 2021 reflect the City's compliant Housing Element for ther period of 2021-2029. 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years
§302(c)(4)(E)(iv) Period of
Affordability for the Proposed
Affordable Rental Housing
Activity (55 years required for
rental housing projects)
55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years 55 Years §302(c)(4)(E)(ii) Projected
Number of Households Served 71 35 35
3057 3057
TOTAL
10975
141
§302(c)(4)(E)(iii) A description of major steps/actions and a proposed schedule for the implementation and completion of the Activity. §302(c)(4)(E)(i) Percentage of
Funds Allocated for the
Proposed Affordable Rental
Housing Activity
95.0% 47.0% 52.0%
§302(c)(4)(E)(ii) Area Median
Income Level Served 60% 60% 60%
4861
§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.
From Housing Element Mid-Cycle Update: Plans for use of PLHA funds will assist the City in meeting the following Housing Element activities: Continue to seek new partnerships with nonprofit developers and continue on with existing partnerships to assist in the development of affordable housing projects for extremely low- to low-income households (Tool H-15); Generate Creative Sources of Senior Housing Financing (Tool H-38); and seek additional partnerships with service organizations to provide supportive housing for residents (Tool H-39). §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 detailed and complete description of how allocated funds will be used for each proposed Affordable Rental Housing Activity. §302(c)(4) Plan Rev. 5/7/21
§302(c)(4)(A) Describe the manner in which allocated funds will be used for eligible activities.
The original 5-year plan submitted by the City of Riverside included allocating the 2019 funds towards affordable housing ($1,054,019) and administration ($81,106). For 2020 and 2021, $2.4 million will be allocated towards the operations and case management of a homeless bridge housing program, $2,631,087 will be allocated towards the development of new afforable housing and $264,794 towards adminsitration.
§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).
First Priority - The City of Riverside has a 2018 approved Housing First Strategy (https://www.riversideca.gov/sites/default/files/ohs/pdf/Housing%20First%20Plan%20CC%20Approval.pdf ) which mandates that the City complete the construction of 400 scattered-site Permanent Supportive Housing in all Wards of the City within 10 years to meet the need of affordable housing coupled with case management.
These units will be reserved by legal covenant for persons earning at-or-below 60% of AMI. The Plan also calls for the City to fund transitional housing for persons experiencing homelessness. Second Priority - Meeting housing and homeless needs identified in the City's approved HUD Consolidated Plan for Federal Funding and Annual Action Plan. Third Priority - The City has a mandate under its Housing Element Regional Housing Needs Allocation to produce approximately 8,283 units of housing (Mid-Cycle Update) of which 3,338 are low and very low income units. There is significant overlap in unit production elements from the plans listed above. Fourth Priority - Meeting the needs of current antidisplacement plans and/or unit replacement plans under the federal Uniform Relocation Act.
Activities Detail (Activities Detail (Must Make a Selection on Formula Allocation Application worksheet under Eligible Activities, §301)) The City will lend 53% of 2019-2021 PLHA funds to non-profit developers for the construction of multifamily rental housing units that will serve affordable income levels of 60% of AMI and below. Each project will also include a set-aside of permanent affordable housing units serving 30% AMI and below. All PHLA funds will be protected by a Promissory Note, and Deeds of Trust, Regulatory Agreements, Covenants, Conditions and Restrictions recorded against each project property.
Funding Allocation Year 2019 2020 2021
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).
PLHA Page 1 302(c)(4) Plan
§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 to the affordable housing Project. §301(a)(9) Homeownership opportunities, including, but not limited to, down payment assistance. §301(a)(8) Efforts to acquire and rehabilitate foreclosed or vacant homes and apartments.
Emergenc
y Shelter
Operating
§302(c)(4)(E)(iii) A description of major steps/actions and a proposed schedule for the implementation and completion of the Activity. 184
§302(c)(4)(E)(iv) Period of
Affordability for the Proposed
Activity (55 years required for
rental housing projects)
N/A N/A
§302(c)(4)(E)(ii) Projected
Number of Households Served 92 92
§302(c)(4)(E)(i) Provide a detailed and complete description of how allocated funds will be used for the proposed Activity. §302(c)(4)(E)(ii) Unmet share of
the RHNA at AMI Level
Note: complete for year 2019
& 2020 only
3057 4861 7918
30%
Type of Activity for Persons
Experiencing or At Risk of
Homelessness
§301(a)(5) Capitalized Reserves for Services connected to the preservation and creation of new permanent supportive housing. §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.
Emergenc
y Shelter
Operating
§301(a)(7) Accessibility modifications in Lower-income Owner-occupied housing.
TOTAL§302(c)(4)(E)(ii) Area Median
Income Level Served 30%
PLHA funds will be utilized to provide project oversight and case management for a homeless bridge housing project through a contracted partner Mercy House, Inc. This bridge housing project is under construction and is slated to have a Certificate of Occupancy in October 2022. §302(c)(4)(E)(i) Percentage of
Funds Allocated for the
Proposed Activity
48.00% 43.00%
Funding Allocation Year 2019 2020 2021
48% of the 2020 PLHA funds will be utilized at a 23-bed homeless bridge housng facility slated to open in January of 2022 to cover operations and case magement to assist clients with obtaining income, housing and self-sufficency.
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). §301(a)(3) Matching portions of funds placed into Local or Regional Housing Trust Funds. §301(a)(2) The predevelopment, development, acquisition, rehabilitation, and preservation of Affordable rental and ownership housing, including Accessory Dwelling Units (ADUs), that meets 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. §301(a)(6) Assisting persons who are experiencing or At risk of homelessness, including, but not limited to, providing rapid rehousing, rental assistance, supportive/case 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.
PLHA Page 2 302(c)(4) Plan