TRANSMITTAL. The AOC recommends that the City Council note and file this report inasmuch as no action is requested at this time.

Transcription

1 TRANSMITTAL TO The City Council FROM Richard H. Llewellyn, Jr., City Administrative Officer DATE -9-8 COUNCIL FILE NO. 7-9 COUNCIL DISTRICT ALL At its October, 8 meeting, the Proposition HHH (Prop HHH) Administrative Oversight Committee (AOC) considered the attached report from the City Administrative Officer and the Housing and Community Investment Department regarding the Prop HHHH Fiscal Year 7-8 Quarterly Report (July - September 3, 8). The AOC recommends that the City Council note and file this report inasmuch as no action is requested at this time. Richard H. Llewellyn, Jr. City Administrative Officer Chair, Proposition HHH Administrative Oversig ommittee CAO 649-d

2 REPORT from OFFICE OF THE CITY ADMINISTRATIVE OFFICER Date: To: From: Subject: October, 8 Proposition HHH Administrative Oversight Committee Richard H. Llewellyn, Jr., City Administrative Officer COMMUNICATION FROM THE PROPOSITION HHH CITIZENS OVERSIGHT COMMITTEE RELATIVE TO A REPORT FROM THE CITY ADMINISTRATIVE OFFICER AND THE HOUSING AND COMMUNITY INVESTMENT DEPARTMENT ON THE QUARTERLY REPORT FOR THE PROPOSITION HHH FISCAL YEAR 7-8 BOND ISSUANCE (JULY - SEPTEMBER 3, 8) RECOMMENDATIONS That the Proposition HHH Administrative Oversight Committee forward the report to the City Council with the recommendation that it be received and filed inasmuch as no action is requested at this time. SUMMARY The Proposition HHH (Prop HHH) Citizens Oversight Committee (COC) held a meeting on Friday, October 9, 8. The attached report from the City Administrative Officer (CAO) and the Housing and Community Investment Department (HCID) relative to the Quarterly Report for the Prop HHH Fiscal Year 7-8 Bond Issuance (July - September 3,8) was considered and forwarded to the Administrative Oversight Committee for review.

3 FORM GEN. 6 CITY OF LOS ANGELES INTER-DEPARTMENTAL CORRESPONDENCE Date: To: From: October 7, 8 Proposition HHH Citizens Oversight Committee Office of the City Administrative Officer Housing and Community Investment Department M Subject: QUARTERLY REPORT - FISCAL YEAR 7-8 PROPOSITION HHH BOND ISSUANCE (JULY - SEPTEMBER 3,8) RECOMMENDATION That the Citizens Oversight Committee (COC) review the Quarterly Report for the Fiscal Year 7-8 Proposition HHH Bond Issuance (July - September 3, 8) and forward the report to the Administrative Oversight Committee (AOC). SUMMARY The first Proposition HHH (Prop HHH) bond Issuance In Fiscal Year (FY) 7-8 of 89,739,879 included 87,879,38 tor nine (9) projects under the Prop HHH Permanent Supportive Housing (PSH) Loan Program and four (4) projects under the Prop HHH Faculties Program. An additional,3,933 was included for staff costs (C.F. 7-9). This report describes items of note tor Prop HHH projects approved in this first issuance. The attached Quarterly Report provides the following information for each Prop HHH project: Project information: o Project name, developer, address and council district, population served; o Total number of units, number of PSH units, units for chronically homeless, affordable units, manager units, and non-hhh funded units (PSH Loan Program projects only); and o Project type (Facilities Program projects only). Prop HHH Project Award Amount; Total Development Cost; Loan Agreement Execution Date (PSH Loan Program projects only) and Contract Execution Date (Facilities Program projects only); Commitment Date (PSH Loan Program projects only); Cost Per Unit (PSH Loan Program projects only); Construction Start Date; Construction Completion Date;

4 Permanent Loan Conversion Date (PSH Loan Program projects only); Prop HHH Quarterly Expenditures and Fiscal Year Totals; and «Notes (outlining delays, concerns, etc.). PROPOSITION HHH STATUS REPORT - ITEMS OF NOTE Proposition HHH Permanent Supportive Housing Program As of September 3, 8, 5,794,5 (8%) has been expended on Prop HHH PSH Loan Program projects. Three (3) projects are under construction; o The 88th and Vermont project is 3% complete, o The Path Metro Villas project is 9% complete, o The 649 Lofts project is % complete. Loans closed for three (3) projects this quarter: o The SP7 Apartments loan closed on September 8, 8, Construction is expected to start date on Odoher 5,8. o The Casa del Soi loan closed on September 7, 8. Construction is expected to start on November 6, 8. o The McCsdden Youth/AMRC TAY loan closed on September 4,8, The construction start date has been revised to December 8 from October 8 due to a necessary Department of Water and Power (DWP) electrical iine re-routing that affects this site and neighboring property. RISE Apartments experienced delays due to construction cost increases. Community Redevelopment Agency (CRA) Low- and Moderate-Income Housing Funds (LMIHF) have been Identified to fill the gap. These funds were approved by the Housing Committee on October, 8 (C.F S) and ere pending approval by the City Council and Mayor. Loan dosing is now estimated for October, 8. The estimated construction start date has been revised from October 8 to November 3, 8. The FLOR 4 Lofts project received a California Debt Limit Allocation Committee (CDLAC) bond allocation in July 8, which will fill the previously reported funding gap. The estimated construction start date remains December 8. The Pointe on Vermont project s CDLAC bond allocation was delayed to December 8 due to funding gaps that will be filled w.th CRA funds. The new estimated construction start date has been changed to June 9 from January 9. Proposition HHH Facilities Program As of September 3, 3,,3,384 (7%) has been expended on Prop HHH Facilities projects, The 88th and Vermont project 3% complete. The Joshua House project is % complete. The South Campus is % complete.

5 The Council Districi 8 Navigation Center construction start date has been changed from September 8 to October 6 due to required plan check revisions. The previously reported necessary redesign of the DWP power pole has been completed. Attachment - Proposition HHH Quarterly Report - September 8 3

6 Proposition HHH Quarterly Report - September 8 Ffrcaf tear 34 Expwdnura Pmpteitfon HHH Permanent Supportive Housing {PSH} Loan Program GOB Series 7-A (Tamble) / l FanTOUfict_ Bfll 88th and Vermont WORKS sz Vermont Avenue, Los Angeles, CA ,85,37 (Original} 8 9,68, 34,69,46 (Estimate} 3,53,7 54,78,996 Madison Avenue, los Angeles, CA 94 PATH Metro Villas II PATH Ventures Six Four Nine Lofts 649 5, Wart St., Los Angeles, CA, Skid Row HousingTrgst ,5, McCadden PI,, Los Angeles, CA Casa del Sol Friends 5t., Sun Valley, CA, 935 8,65, ,98, FUSE Apartments SftQ Housing 4 4 6/3/7 3/S/8 4//6 /7/7 /3/7 //7 444,9 H, HD, I, CH //8 /9/7 4/3/8 56,497 H, I, CH //7 9/4/8 /3/8 5,55 Y,CH 6 3 9//7 (.Actual) 495,6 H5, M, CH /7/8 /6/6 9//7 // IS 5,993,34 /5/8 //6 5,&S HV, t, CH //7 6/8/8 //8 /3/8 SP7 Apartments RECAP Angeles, CA 4,, 43,4 H, HV, CH //7 HV, I HA, I, 496,64 CH /8/8 /5/8 9//7 (Estimated?,36,93 76 S, Vermont Ave., Los Angeles, The Pointe on Vermont Subtotal for 7- Bpncjj <nuance7 EAH Inc. CA 8 5 6,7,7 7,9, 73.5T.iBr Tl4.i,lSO & «Contract Number: C-379, Construction Completion is 3%. //9 /3/9 3/4/ /3/9 838,4,8,783,8,783,46,957,86,99 38,397 38,397 3,34,496 63,38 63,38 s. Contract Number: 3583, Construction completion is 9%. /5/9 Contract Number: C-3639, Construction completion is %. 8//9 63,38 Contract Number: C-39. Construction Loan closed- Construction Start Is delayed 8- weeks due to WP power re-routing. 6/3/ 9// 6// Contract Number: C-39, Construction Loan has closed and construction is expected to rtart November 6, B. 9/9/ Construction start expected to begin December, B. 7/4/ // CRAfunds have been identified to fill the funding GAP resulting from an 6// increase in project construction costs. Gap funding is pending City Council and Mayor approval. Council File # /9/ 6/8/8 49,664,5 53 E. 7th St., Los / / // / 8/3/ IS (Origin!) 35,35,594 5P7 Apartments LP SRHT) 39,369,988 (Originaf) 9,5, 5/6/ IB 4,53,656 9 Z4 y 4 //7,38,93 46 S, Figueroa Street, Los Angeles, CA, ,47,343 Angeles, CA, Flo r 4 Lofts (5RHT) 46 9,655,785,789,66 4E. 7th St., Los FLOR 4 Lofts 6 6,478,534 3,68,96 5,8, W. Ratner A Community of 349,5 HF, H, I, CH y 3//8,36, N. Thomas Safran Z//////. / ///'/ /. 53,77,9 3 North (McCadden Youth) AMRC TAV z s,//? Contract Number: C-33S6. Conrtructian Loan has closed and construction is expected to start October 5, 8. 4/7/ 7/6/D CRAfunds have been identified to fill the funding gap resulting from a Eoss of a funding source and an increase in project construction costs. Gap funding is //3 (Origin!) 54,354 MACH 5 HF //9 6/7/9 /5/ 9//7 (Estrmated) (Eitiiraitd) 4/5/ 3,664,33 3 jgjjggj "T T T,3,8 pending City Council and Mayor approval. CDLAC Bond allocation will be on December, IB. 5 5/m,5l Staff costs through pey period 9 were reimbursed in the Fiscal Year(FY) Housing and Community Investment Department PSH Loan Program Staff Costs,7, ,57 755, Year-end Financial Status Report. HCID will request reimbursement far pay periods -6 in the FY 8-9 Second Financial Status Report. Balance of 33,9 was reprogrammed to various FY 89 Proposition HHH Facilities projects for Bureau of Engineering environmental review costs. Project budgets will reflect these additional da liars in the first Prop HHH quarterly report of FY 8-9, Funds Reprogrammed for Fiscal Year 8 9 Projects (Previously City Attorney Staff Costs Pending Reprogramming? TOTAL for 7-8 Bond luuance 33,9 74,7, ,49475,3,3,3,8 635,93 Definitions PSH Units: A development that provides permanent housing (including rental subsidy) with supportive services to extremely low income, and very low income, homeless special needs individuals and veterans, homeless families, homeless transition-aged youth (TAY), homeless seniors, homeless disabled, and homeless frequent users of Los Angeles County services, Units reserved for individuals or families: (a) Experiencing chronic homelessness as defined in 4 CFR 5783; (b) Residing in a transitional housing project that will be eliminated and meets the definition of chronically homeless in effect at the time in which the individual or family entered the transitional housing project; (c) Residing in a place not meant for human habitation, emergency shelter, or safe haven; but the individuals or families experiencing chronic homelessness as defined in 4 CFR had been admitted and enrolled in apermanent housing project within the fast year and were unable to maintain a housing placement; (d) Residing in transitional housing funded by a Joint Transitional Housing and Permanent Housing Rapid Re-Housing component project and who were experiencing chronic homelessness as defined in 4 CFR prior to entering theproject; Chronic PSH Units: Affordable Units: Non-HHH Funded Units: Commitment Date: Permanent Loan Conversion Date: (e) Residing and has resided in a place not meant for human habitation, a safe haven, or emergency shelter for at least months in the last three years, but has not done so on four separate occasions; or A structure or set of structures with rental housing units restricted by department regulations and operated under landlord-tenant law, with common financing, ownership and management. Units which are not funded by the Prop HHH PSH Loan Program (e.g, HOPWA or HOME funded units, market rate, etc.) Executed date of Commitment Letter of Prop HHH PSH Loan Program funds issued to the applicant by HCID. Date by which the construction loan is converted (replaced with) the permanent financing loan. leeend for Populations Served SA = Substance Abuse YAR = Youth at Risk of Homelessness D = Non-homeless disabled V ~ Non-homHess Veterans I = Non-homeless Individuals H = Homeless Individuals CH = Chronically Homeless H5 = Homeless Senior M = Homeless Mental Illness HF = Homeless Families HV = Homeless Veterans Y = Homeless Youth O - Other Homeless HD = Homeless Disabled IHA = Homeless individuals with HIV/AIDS DV - Homeless survivors of domestic violence & sex trafficking

7 rru jusiiiuii nnn v^udrieny nepun - scpiemoer duio Proposition HHH Facilities Loan Program GOB Series 7-A (Taxable) Fiscal Year 8-9 Expenditures Council Population 78 HHH Project Proposition HHH Facilities Project Project Sponsor Address District Project Type Served Award Total Project Cost Contract Execution Date Cons ruction Fiscal Year HHH HHH HHH HHH Total Amount Construction Completion 7-8 Expenditures Expenditures Expenditures Expenditures Fiscal Year 8 Expended To- Stan Date Cate Total Q Q Q3 4 9 Total Date Notes 88th and Vermont Youth and Community Center Vermont Ave., Los Angeles CA /9 Community Build Center H, HY, YAR 3,45,54 3,79,365 3/8/8 4//IB 8, 8, 8, Contract Number: C-37B 787 Lanbershim H, CH, HF, Blvd.r North DV, M, D, SA, South Campus LA FamHy Housing Hollywood, CA, Center V. HIV/AIDS,3,5 4,8,5 3/7/8 6//8 /9 5 Contract Number: C-39 Full Prop HHH amount of.3 million has been encumbered in FMS. First draw of 47,473 has been submitted and is being processed by the City. Los Angeles Christian Wall St., Los H, CH, V, Ml, 9/9 Joshua House Health Center Health Centers Angelas, CA 94 4 Clink: SA 3,7, 3,38,84 /9/7 /5/8,573,67,573,67,573,67 Contract Number: C , was reprogrammed to this project for Bureau of Engineering costs for environmental review, for a Fiscal Year (FY) 7-8 budget total of 3,45,. An additional 3 million was approved 8-9 PEP, for a total project cost of 79 W. Manchester Ave., Los Angeles, CA 6,45 million. This total amount wih be reflected in the first quarterly report of [Citysponsored) 9,639 84,866 84,866 77,55 /8 5/9/9 FY 8-9. Construction will begin /5/8. CD 8 Navigation Center City of Los Angeles 944 i Center H, CH, Y 3,45, 3,, Subtotal for 7-8 Bond I nuance,49,654 34,933,75 9,639,939,745 s,939,745,3,384 Reprogrammed Prop HHH Facilities Program Funds for 8-9 Projects (Previously Funds Pending Reprogramming) Various 5,565 3,483 3,483 3,483 5,565 allocated to these projects was reprogrammed for Public Works, Bureau of Engineering staff and consultant costs to implement 6-9 Cityspon sored projects. TOTAL for 7-8 Bond Issuance,4,9 34,933,75 9,639,97,8,97,8 S,64,867 Project sponsors for the Comer of Hope (45,5) and Homeless Vets at the Marion (,765) projects withdrew from Prop HHH Faculties Program. 45, was reallocated to the CDS Navigation Center Hsted above as well as 5,565 to Fiscal Year 8-9 Prop HHH projects.