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HDC - Item 2 - Garvey Senior Housing Tenant Qualifications and Selection CriteriaMemorandum To: Frank Tripepi, Executive Director From: Stephen Copenhaver, GRC Date: May 9, 2002 Subject: Garvey Senior Housing Tenant Qualifications and Selection Criteria At the prior meeting of the Rosemead Housing Development Corporation, the Board approved a contract with Levine Property Management Company to undertake the lease -up program and management of the Garvey Avenue Senior Citizen Complex. The senior housing project is scheduled for an early July 2002 completion date. Attached,' as Exhibit "A" is a summary of the minimum qualifications suggested by staff and the property management company. Exhibit "A" is similar to the criteria applied to the Angelus project with only a few exceptions to reflect changes suggested by the property managers and because the Garvey Avenue project includes two - bedroom units. The changes are in two categories. The first change pertains to age and was suggested by the Levine Property Management Company to require attendants to be at least 45 years of age or older because they have encountered problems of young family members claiming to be attendants. The second change is to require not less than two persons in a two - bedroom unit. The priority for tenant selection is suggested to be on a first -come, first -served basis utilizing the existing waiting list of interested residents. Currently there are approximately 450 residents on the waiting list. Each application will be reviewed in order and, if qualified, would be offered a unit until the complex is filled. The average age of applicants on the list is 71 years of age. Under separate cover, Special Housing Counsel, Dave Kroot, will be addressing citizenship and residency requirements in response to the Board's inquiry. The legal opinion will be hand delivered to the Board members. Recommendation Approve the Tenant Qualifications and Selection Criteria listed on Exhibit " A " along with any amendments. HOUSING AGENDA MAY 14 2002 ITEM No. 4 - EXHIBIT A Summary of Tenant Qualifications and Selection Criteria The following Criteria have been adopted by the RHDC Board to establish the minimum age, income, residency, health standard and the maximum level of financial assets for suitable tenants. These criteria are as follows: Minimum Qualifications Age: 62 years or older for at least one occupant and 45 years or older for co- applicants and live -in attendants for the handicapped. Maximum The maximum income shall be 40% of area median income as adjusted for household size. The minimum income shall be $8,800 per year. For calendar year 2002 the maximum income for a single occupant would be $13,120 and the maximum income for a two- person household would be $15,000. Residency: Each tenant shall have been a Rosemead resident for six months preceding the application submission date. This criteria shall apply to multiple person households as well as single person households. Health Suitable for independent apartment living. e Maximum Assets Ownership of no other real estate and no more than $20,000 per individual in liquid assets such as stocks, cash deposits, bonds, etc. Existing Housing Assistance Applicants shall not have lived in another subsidized unit or benefited from another rental assistance program for one year prior to submitting an application. Rent: Consistent with the Angelus project at $250 - $300 per month for a one- bedroom and $450 for two- bedroom units. Two bedroom units will be reserved fro not less than two occupants. Handicapped Handicapped adapted units will be reserved for handicapped residents only and be selected in order of filing of applications.