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COUNTY OF SAN MATEO
Inter-Departmental Correspondence
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Department of Housing
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DATE:
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February 8, 2006
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BOARD MEETING DATE:
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March 13, 2007
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SPECIAL NOTICE/HEARING
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None
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VOTE REQUIRED
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Majority
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TO:
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Honorable Board of Supervisors
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FROM:
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Duane Bay, Director, Department of Housing
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SUBJECT:
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Approve an Agreement with The Crossings Phase II L.P. to provide $600,000 to assist in the development of Phase II of the Village at the Crossing Senior Housing.
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Recommendation
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Adopt a Resolution:
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1.
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Authorizing execution of an Agreement with The Crossings Phase II L.P. in the amount of $600,000 to assist in the development of Phase II of the Village at the Crossing Senior Housing for the term beginning upon execution and ending June 30, 2009; and
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2.
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Authorizing the Director of the Department of Housing or the Director's designee to execute contract amendments which modify the County's maximum fiscal obligation by no more than $25,000 (in aggregate), and/or modify the contract term and/or services so long as the modified term or services is/are within the current or revised fiscal provisions.
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Vision Alignment
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Commitment: Offer a full range of housing choices.
Goal 9: Housing exists for people at all income levels and for all generations of families.
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The action contributes to this commitment and goal by expanding the supply of affordable senior housing by 114 units.
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Performance Measures:
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Measure
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FY 2005-06
Actual
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FY 2006-07
Target
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Number of County-supported affordable housing units completed and occupied
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158
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200
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Background
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On June 7, 2005, the Board approved Housing Reserve funds of $1.7 million of FY 2004-05 Community Development Block Grant (CDBG) funds for Phase I of the Village at the Crossing. Phase I consists of 114 units of a 228-unit development. This senior housing project is located near National Avenue and Commodore Drive, near El Camino and from the Tanforan Shopping Center.
The development team for the Village at the Crossing consists of Citizens Housing Corporation (CHC), a nonprofit developer, and KDF Communities, the for-profit partner. KDF is taking the lead to develop the project, with CHC’s role being to access funding restricted to nonprofit developers and to formulate and provide the services component for the project.
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Discussion
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The subject agreement enumerates the business terms of the $600,000 HOME funding approved previously by the Board in May 2005, as part of the larger Action Plan to HUD.
Phase II is financed by a combination of tax exempt bonds, proceeds from 4% tax credits, and $1.76 million of HEART funds. Total project costs for Phase II are estimated at $30 million. Construction began in the Summer 2005 and is anticipated to be completed in early 2007.
The contractor has assured compliance with the County's Contractor Employee Jury Service Ordinance, as well as all other contract provisions that are required by County ordinance and administrative memoranda, including but not limited to insurance, hold harmless, non-discrimination and equal benefits.
Real Property Services has reviewed the agreement and County Counsel has reviewed and approved the Resolution and Agreement as to form. Risk Management has reviewed and approved the insurance coverage provided by the Contractor.
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Fiscal Impact
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This program is included in the Department of Housing Budget for FY 2005-06. The County’s total obligation under this Agreement is $600,000, from CDBG/HOME/ESG funds. There is no Net County Cost.
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