CDC - Item 2 - Affordable Housing ConferenceE M P •
S
O
40hf.~,. ~ S O
a.
NCORPORATED 'Q5
•
ROSEMEAD CITY COUNCIL
STAFF REPORT
TO: THE HONORABLE CHAIRMAN AND COMMISSIONE S
FROM: ANDREW C. LAZZARETTO, EXECUTIVE DIRECT
DATE: SEPTEMBER 26.2006
SUBJECT: AUTHORIZATION TO ATTEND CALIFORNIA REDEVELOPMENT
ASSOCIATION AFFORDABLE HOUSING CONFERENCE
SUMMARY
Attached for your review is information regarding the CRA Affordable Housing
Conference, set to take place October 25-26, 2006, in San Jose.
Staff Recommendation
Staff recommends that the City Council authorize any Council Member, the City
Manager and staff designee to attend the CRA Affordable Housing Conference at City
Expense.
ANALYSIS
Conference sessions will include Inclusionary Housing, State Housing Programs,
Propositions 1C and 90, Managing for the Long Term, Affordable Housing, New
Development in Property Taxes, and Community Land Trusts.
FINANCIAL REVIEW
Funds for attending this conference are included in the 2006-07 Budget.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by:
Name: Jan Saavedra b
Title: Executive Ass taut
Attachment A: Conference Brochure
APPROVED FOR CITY COUNCIL AGENDA:
D U,A 7. t A
CALI.
o Cho c
0 00• `f~~`~o 10~ Do o ••~ro~' ~ o~'
s
Workshop, Wednesday, October 25 -moOKE
1
8:00 a.m. Conference Registration Opens
8:30 -11:30 a.m. Pre-Conference Workshop
q
.r?141'i Inclusionary Housing-Understanding How It Works and Doesn't Work
y,
4 Inclusionary Housing is a complicated and often controversial method of developing affordable housing in local
' communities. 'his two-part workshop will define and describe inclusionary housing programs appropriate for many
different types of communities, explore the economic models on which inclusionary programs are based, and explain
how to get your local programs approved and implemented.
8:30 - 10:00 a.m. Inclusionary Housing - Part I
t Creating Affordability or Killing the Golden Goose? Designing a Program that Works and
r
Getting It Approved by Council
c Y `E` ~fT Ibis session will detail the program elements of an inclusionary housing ordinance, delineating options for
jurisdictions with different types of housing market, redevelopment production requirements, and housing element
fair share requirements. Panelists will present a tested economic methodology to quantify the effect of alternative
- inclusionary requirements and approaches to establishing in-lieu fee levels. Attendees will learn the key elements of a
public review and stakeholder consultation process required to best assure adoption of your program.
a "T 3a*
r• fib.. Moderator:
} David Rosen, PhD., Principal, David Rosen & Associates
y t.• Panelists:
. 2 r" Frank Benest, EdD., City Manager, City of Palo Alto -
Nora Lake Brown, Principal, David Rosen &Associates ,
aN YrY ALL, d"
Greg Chin, Senior Economist, David Rosen &Associates
y
10:00 -10:15 a.m. Break
10:15 -11:45. a.m. Inclusionary Housing - Part II 1.5 hours MCLE credit
Ks
= The Devil is in the Details: Practical, Tested Elements of Programs that Work and How to
Avoid What Doesn't
'This session will discuss how local communities can effectively use and implement an Inclusionary Housing program
to meet their redevelopment obligations and housing needs. Panelists will describe how to avoid costly, ineffective and
s.+,~,,.,3. ' Z• unpopular program components, highlighting what has worked and not worked in other communities. Attendees will
learn successful techniques for calculating affordable home price levels, establishing and,monitoring resale restrictions,
-administering down-payment assistance programs, and crafting effective legal documents.
Moderator:
Libby Seifel, President, Seifel Consulting Inc.
Panelists: fyE~ I"
Polly Marshall, Partner, Goldfarb & Lipman LLP
Margalit It, Account Executive, Bank of America
11:45 a.m. -12:45 p.m. Lunch for Workshop Attendees
;
.
5
q
b
,d
I~
r
L 5 4 ~
' Conference, Wednesday, October 25 `.I
d":r:,• 1:00 - 1:15 p.m. Welcome and Opening Remarks
_ John Shirey, Executive Director, CRA
Marcia Rosen, CRA President Elect, Executive Director, San Francisco Redevelopment Agency
Mary Ellen Shay, Executive Director, CAL-ALHFA
Tim O'Connell, CAL-ALI-IFA President, and Director, Legislation and Policy, Century Housing Corporation
1:15 - 2:00 p.m. General Session-Keynote Speaker
Lynn Jacobs, Director, California Housing and Community Development
s' The Economic Benefits of Housing- Why We Can't Afford Not to Build Affordable Housing
Ms. Jacobs will discuss conclusions of a recent report by the Sacramento Regional Research Institute demonstrating
that housing production is essential for continued economic growth of California's communities. As a former
affordable housing developer and Ventura planning commissioner, she is the first HCD director with a local
government background. Ms. Jacobs will share her experiences and her ideas for how to focus policy attention and
incentives on actual production of housing, not just on planning.
;ZQ" 2:00 - 2:15 p.m. Break
C$' h
•r~I 2:15 - 3:45 p.m. General Session
Foundation for Building Better Communities: State Housing Programs - Current and Future
Financing
P*,r` 5? Since its passage in 2002, Proposition 46 has provided financing for numerous affordable housing programs around
the slate. With its last finding cycle imminent, Prop 46 supporters are pushing hard for the passage of Prop IC,
'•a mil'. ~:1 the 2006 housing bond that will provide additional housing resources if approved. This panel will explore the ways
that Prop 46 funds have been used with other housing resources and programs, and will describe expectations for
affordable housing development in 2007 and beyond.
Moderator:
Mary Ellen Shay, Executive Director, CAL-ALHFA
Panelists:
Anita Adams, Vice President, Community Investment Department, Federal Home Loan Bank of San Francisco
Rich Friedman, Deputy Director, California Department of Housing and Community Development
r e wul~^xm;Joanie Jones Kelly, Executive Director, California Debt Limit Advisory Committee
Theresa Parker, Executive Director, California Housing Finance Agency
Bill Pavao, Executive Director, California Tax Credit Allocation Committee
3:45 - 4:00 p.m. Break
4:00 - 5:15 p.m. General Session
Propositions 1C and 90 and Iheir Impact on Redevelopment Agencie s and Affordable
Housing Activities
Two crucial measures affecting affordable housing development in California are on the November ballot. Hear the
latest information on Propositions 1C - the Housing Infrastructure Bond, and Proposition 90 - the eminent domain
and regulatory takings measure. Experts on these two measures John Shirey, CRA Executive Director, and Jeffrey
Loustau, California Housing Consortium Executive Director-will discuss the impact these propositions could have
. on redevelopment agencies and affordable housing activities in California.
Speakers:
John Shirey, Executive Director, CPA
' Jeffrey Loustau, Executive Director, California Housing Consortium
530 - 7:00 p.m. Reception-Housing Idea Exchange
DMOMP-1hursday, October 26 a
Concurrent Sessions 8:30 - 9:40 a.m.
Session A-Managing for the LongTerm
Affordable rental housing must be rent restricted for 55 years and ownership housing must he resale restricted for 45
years. How do we manage for the long term? What are the asset management challenges and problems that you will
encounter. How do you avoid them, and how do you solve them when they occur? A panel of experts will answer
these questions as well as other questions related to long-term management of affordable housing.
Moderator: -
Greg Chin, Senior Economist, David Paul Rosen &Associates
Panelists:
Bill Pavao, Executive Director, California Tax Credit Allocation Committee
Jack Gardner, President and CEO, John Stewart Company
Nora Lake Brown, Principal, David Paul Rosen & Associates
Session B - Preserving and Providing for Affordable Housing - Condominium Conversions
1 hour MCLE credit
and Expiring Affordable Uses
Are you aware of the laws relating to the regulation of condominium conversions? How about the laws relating to
affordable housing conversion to market rate housing because their existing use restrictions are expiring? "Ibis panel
will address these two topics, and discuss other state legislation which is designed to promote the development of
affordable housing. The panel will review new laws affecting condominium conversions, and will explore legal and
financing methods to preserve, rehabilitate and extend the affordability of existing projects.
Moderator:
Steve Mattas, Esq., Shareholder, Meyers Nave Riback Silver & -Wilson
Panelists:
Sara Pasquinelli, Attorney at Law, Meyers Nave Riback Silver & Wilson
William Pickel, Director of Housing and Development, Christian Church Homes -
Lynn Hutchins, Partner, Goldfarb & Lipman LLP
Session C-What Happened to my PropertyTaxes? New Developments in PropertyTax
Exemptions for Affordable Housing 1 hour MCLE credit
The California Board of Equalization has implemented new rules regarding property tax exemptions for affordable
housing that strengthen the roles of nonprofits in operating exempt affordable housing complexes. How the property
tax exemption is to be used to benefit tenants could affect repayments to redevelopment agencies and the ability to
leverage low-income housing tax credit funds. this panel will discuss these new rules and explore the issues related to
long-term benefits of the tax exemption and its effect on redevelopment agencies.
Moderator: -
M David Kroot, Partner, Goldfarb & Lipman LLP
Panelists:
Amy DeVaudreud, Attorney at Law, Goldfarb & Lipman LLP
James Buckley, Executive Director, Citizens Housing Corporation
Kara Douglas, Affordable Housing Program Manager, Contra Costa County
9:40 - 9:50 a.m. Break
Thursday, October 26, Continued 11
Affordable Housing Bus Tour 9:50 a.m. -12:20 p.m.
Affordable Housing at its Best: Take a Tour of San Jose's Award Winning Developments -'Ihe San Jose .
Redevelopment Agency and Housing Department are providing a bus tour of San Jose's award-winning affordable
housing projects. Visit successful developments serving seniors, families, special needs residents and SROs.(single-
room occupancy). You'll have the opportunity to visit a revitalized neighborhood where the City, property owners, and
tenants partnered to create unique solutions to long-standing community challenges. Learn how you can apply simple
tools to develop, rehabilitate, and preserve valuable housing stock. Bus seating is limited. 'Ihose interested in going on
the bus tour must check the "San Jose Bus Tour"box on the registration form.
Moderator-Tour Guide:
Norberto Duenas, Deputy Executive Director, San Jose Redevelopment Agency
Concurrent Sessions 9:50 -11:00 a.m.
Session A-Community Land Trusts: Creating Permanently Affordable Housing
As the.subsidy needed to create new affordable units has risen, maintaining long-term affordability has become
increasingly important and more agencies have turned.to land trusts to help with this task. A land trust retains the .
ownership of the land and the right to repurchase the housing units at an affordable price. Learn first-hand why the
City of Irvine chose to establish a land trust and some of the lessons learned in the process.
Moderator:
Adam Eliason, Principal, CivicStone, Inc.
Panelists:
Mark Asturias, Housing Manager, City of Irvine
John Trauth, Principal, CivicStone, Inc.
Rick Jacobus, Partner, Burlington &Associates
Session B-Carrot and Stick: Can Redevelopment Agencies and Housing Finance Agencies
Stimulate More Affordable Housing by Working Together?
Are affordable housing incentives and requirements more effective when redevelopment and housing authorities work
together? Can agencies better meet the affordable housing needs in their communities by working independently?
Representatives from redevelopment and housing finance agencies in both northern and southern California will
discuss the advantages and disadvantages of seeking common ground with regard to the types of incentives offered,
the enforcement mechanisms used to ensure affordable housing development, and resolving conflicting policy goals
and regulatory standards.
Moderator:
Paul C. Marra, Principal, Keyser Marston Associates, Inc.
Panelists:
Jim Cook, Housing and Redevelopment Director, County of Monterey
Cissy Fisher, Housing and Development Finance Director, San Diego Housing Commission
Dale Royal, Senior Project Manager, Centre City Development Corporation
11:00 -11:10 a.m. Break
Thursday, October 26, Continued '
Concurrent Sessions 11:10 a.m. -12:20 p.m.
Session A-Challenges in Building For-Sale Workforce Housing
The session will discuss the challenges for creating affordable for-sale housing sponsored by redevelopment agencies.
Topics to be discussed include what [Hakes for a good agency partner from the developer's perspective (other than
more subsidy and fewer restrictions); affordability restrictions vs. project feasibility - how to walk the line and keep
your investors interested; the role of "soft seconds" in increasing project feasibility and affordability; and Disposition
and Development Agreements - deal terms that comfort (and scare) financing sources.
Moderator:
Mary Kaiser, President, California Community Reinvestment Corporation
Panelists:
Percival Vaz, President and CEO, AMCAL Housing
Joe Seager, Managing Partner, Community Builders Group
David Neale, Principal, The Core Companies
Session B-CEQA and Affordable Housing Projects: Avoiding the Full Monty i hour MCLE credit
Complying with the California Environmental Quality Act (CEQA) can add many months to the approval of
affordable housing projects. This session will identify techniques that do not require the preparation of negative
declarations or environmental impact reports; show how to draft land disposition agreements so that they are exempt
from CEQA; and discuss the statutory exemptions for affordable housing. The session will present case studies
of these models, and will discuss how local public agency staff can help in these efforts.
Moderator:
Barbara Kautz, Attorney at Law, Goldfarb & Lipman LLP
Panelist:
Claudia Cappio, Development Director, City of Oakland Community and Economic Development Department
12:20 a.m. =12:30 p.m. Break
12:30 - 2:00 p.m. Luncheon
Luncheon Speaker: Gary Collord, Planner, California Energy Commission
New Solar Homes Partnership: Opportunities for Going Green in Affordable Housing
The California Energy Commission and the Public Utilities Commission are developing new solar programs for
housing in California. At least 10% of that housing must be affordable. Gary Collord will describe the New Solar
Homes Partnership and the implementation plans that are being developed to make the program available to
affordable housing developers and residents.
2:00 - 2:10 p.m. Break
Y -t V x~ ¢ . -c w
~Doubletree Hotel San Jose x-
San`Jose,CA 95110
tTel (408) 453-'400W`.-`
FO::(408) 437 2898 w F r f
apt v~ 4 Rt e 5 Ifa. `,'6b ki
Supe for K ng N/S?rates from X129:00/night' a` ' , } ` r
s r w Superioi Double Queeri N/S. rates from, 5129.00/night 4
Book b October 3rd to reserve our room
) N t
u~ Fi; "'~isltwww calredeyeloporg for,complete hotel' lnformatlori a,~ il
sf..a~.~.-,c... u xr. , ti. .l. .0.s wce5s-n
I
KANOPP-1hursday, October 26, Continued
Concurrent Sessions 2:10 - 3:20 p.m.
Session A-Affordable Homeownership Programs: Solving the Puzzle
A panel of leading practitioners will guide you through the key challenges of affordable homebuyer programs.
Panelists will present how agencies, lenders and developers cultivate, screen, pre-qualify and educate homebuyers.
Topics to be discussed include: outreach to first time homebuyers; pre-qualification screening procedures;
underwriting guidelines for different mortgage products; equity sharing techniques; compliance with resale restrictions
and occupancy requirements; covenants against illegal third mortgages; and other issues related to regulatory
compliance and asset management.
Moderator:
Libby Seifel, President, Seifel Consulting Inc.
Panelists:
Tom Casey, Director, Homebricks
Kwame Reed, Senior Housing Analyst, City of Brentwood
Greg Chin, Senior Economist, David Rosen &--Associates
Session B-California's Housing Affordability Crisis - Creative Financing Solutions Related
to Urban In-fill Redevelopment
Today, many redevelopment agencies are pursuing in-fill redevelopment as a viable alternative to increase the supply
of quality affordable housing. Learn from a panel of experts on how to finance affordable housing in today's "in-fill"
marketplace. The panel will present a case study on how it was financed and discuss other creative ways to finance
affordable housing in an urban in-fill redevelopment project area. The panel will also discuss both the pitfalls and
opportunities in designing a successful financial package for redevelopment in-fill projects.
Moderator:
Hank Cunningham, Vice President, Community Development Banking, Bank of America
Panelists: ,
Jennifer Gaudin, Vice President, CIM Group, Inc.
Frangel Cannizzaro, Vice President, Community Development Banking, Bank of America
Session C-the HCD Report: Instructions for Completing the HCD Housing Activities
Report for Redevelopment Agencies
Agencies are required each year to report to the California Department of Housing & Community Development
(HCD) information on housing units assisted with expenditures from the Low- and Moderate-Income Housing
Fund. This session will provide instruction from HCD staff on how to complete the forms. The session will examine
correct accounting for housing units, required information to complete forms, and review the on-line filing option for
submittal of the HCD forms. This session will also identify common mistakes in completing the HCD forms and
how to avoid them.
Moderator:
Glen Campora, Housing Policy Manager, California Department of Housing and Community Development
Panelist:
Rita Levy, Housing Analyst, California Department of Housing and Community Development
3:20 p.m. Adjournment