HOUSING AUTHORITY AGENDA MEMORANDUM

Transcription

1 City and County of Broomfield, Colorado HOUSING AUTHORITY AGENDA MEMORANDUM To: From: Prepared by: Broomfield Housing Authority Members Charles Ozaki, Executive Director Pat Soderberg, Finance Director Joyce Alberts, Budget Manager Meeting Date Agenda Category Agenda Item # October 13, 2015 Housing Authority Business 10(a) Agenda Title: 1. Consideration of Proposed Resolution No HA, Amending the 2015 Budget for the Broomfield Housing Authority 2. Consideration of Proposed Resolution No HA, Adopting the 2016 Budget for the Broomfield Housing Authority Summary 2015 Proposed Budget Amendment The proposed amended 2015 Budget reflects expected revenues and expenditures for the Broomfield Housing Authority. The attached tables show the 2015 Revised Estimate sources of funds at $639,902, an increase of $302,207 from the Original 2015 Budget with corresponding increase in expenditures. This adjustment is associated with rollover and unspent grant funds from previous years and related program expenditures. Proposed Resolution No HA, if approved would amend the 2015 Housing Authority Budget Proposed Broomfield Housing Authority The proposed 2016 Budget has been prepared to reflect expected revenues and expenditures for the Broomfield Housing Authority. Attached is a copy of the budget message and budget tables for the Broomfield Housing Authority for the proposed 2016 Budget. Anticipated total revenues for 2016 are $369,478. Proposed total expenditures for 2016 are $369,478. Proposed Resolution No HA, if approved, would adopt the proposed 2016 Budget for the Housing Authority. Prior Council Action Resolution HA, adopting the Broomfield Housing Authority 2015 Budget, on November 18, Resolution HA, amending the Broomfield Housing Authority 2015 Budget regarding carryover grants, on April 28, Public hearing for citizens suggestions for the 2016 Budget was held on July 28, The Authority reviewed the 2015 Proposed Budget in a study session held September 15, 2015, and a department presentation held on September 29, A public hearing on the proposed 2015 Budget was held on September 22, As noted in the proposed budgets. N/A Financial Considerations Alternatives Proposed Actions/Recommendations If the Authority wishes to approve the proposed amendment to the 2015 budget, the recommended motion would be That Resolution HA be approved. If the Board wishes to approve the proposed 2016 budget, the recommended motion would be That Resolution HA be approved. 10(a) - Page 1

2 BUDGET MESSAGE TO: FROM: SUBJECT: Mayor and City Council Charles Ozaki, City and County Manager 2016 Proposed Budget for the Broomfield Housing Authority DATE: October 13, 2015 The Broomfield Housing Authority was established in February 2002, to facilitate housing opportunities and improvements for low to moderate income residents of Broomfield in the areas of rental assistance, housing program planning, homeownership and home maintenance. The 2016 budget reflects $84,478 for program administration, $65,000 for the Tenant-Based Rental Assistance program (TBRA) which is provided through federal HOME funds, and $220,000 from a Community Development Block Grant (CDBG) program. Also, in midyear 2015, new funding in the amount of $12,000 was received for administering Housing Choice Vouchers from the Colorado Division of Housing. Following is a summary of the housing programs. H O U S I N G P R O G R A M P L A N N I N G In 2006, Broomfield County joined with Boulder County (and the communities within Boulder County) to form the Boulder County/Broomfield County HOME Consortium. This allows the Broomfield/Boulder area to receive HOME funds annually (non-competitive funds from the U.S. Department of Housing and Urban Development). The Consortium prepared a housing plan for funding for 2007 through In 2009, the Consortium prepared a Five Year Consolidated Housing Plan for Broomfield and Boulder counties containing housing market data, a needs assessment, a strategic plan for the entire Consortium area, and individual Action Plans for Broomfield, the City of Boulder, and the City of Longmont. The planning effort guides the expenditures of HOME and Community Development Block Grant (CDBG) funds. The Five Year Plan was updated for , and was approved by City Council in January R E N T A L A S S I S T A N C E In 2002, Broomfield entered into an intergovernmental agreement with the Jefferson County Housing Authority to provide for a minimum of 25 Housing Choice vouchers for use in Broomfield. Housing vouchers provide a rent subsidy for income-qualified households. Jefferson County also administers vouchers for families that already have housing assistance who choose to rent within Broomfield. The IGA has been renewing automatically since Jefferson County Housing receives administrative fees from the U.S. Department of Housing and Urban Development (HUD) to administer the housing vouchers. Currently there are approximately 25 families living in Broomfield with Housing Choice vouchers administered by Jefferson County. The Colorado Division of Housing, through Imagine! also has approximately 15 vouchers currently utilized by clients living in Broomfield. In July 2015, the Broomfield Housing Authority entered into an agreement with the Colorado Division of Housing to administer approximately 25 vouchers for the City and County of Broomfield. This opportunity will allow the Broomfield Housing Authority to become an approved voucher administrator and open opportunities to apply for future federal funding, if available. In 2004, the Broomfield Housing Authority and Broomfield Health and Human Services, initiated the TBRA Program with funding received from the Colorado Division of Housing. The TBRA Program provides rental assistance and supportive services over a two-year period for up to 15 individuals/families. Starting in 2008 and continuing to the present, funding for the TBRA Program is provided by federal HOME Investment Partnership Funds allocated to the City and County of Broomfield through the Boulder County/Broomfield County Housing Consortium (see description under Housing Program Planning). As of January 2015, over 75 families have been served (a) - Page 2

3 In 2005, Broomfield entered into an agreement with a developer to build Broomfield Greens, a 50-unit affordable apartment building for seniors. A $500,000 grant from the state Division of Housing HOME Funds Program was received by Broomfield Housing Authority to cover a portion of the construction costs. Broomfield Housing Authority maintains a very limited ownership role in the project. H O M E O W N E R S H I P In 2010, Broomfield received a Neighborhood Stabilization Program (NSP) grant from the Colorado Division of Local Affairs - Division of Housing. Broomfield partnered with Flatirons Habitat for Humanity to purchase and rehabilitate two foreclosed properties. The homes were sold to income-qualified families. The purchase of the properties occurred in Rehabilitation expenses occurred in 2010 and Funding for the NSP program has been used in full. In the past, in order to assist in providing single-family mortgage loans to low- and moderate-income persons and families, Broomfield assigned its Private Activity Bond authority (assigned by the state of Colorado) to the Colorado Housing and Finance Authority (CHFA). The bond proceeds are to be used to specifically assist firsttime homebuyers within Broomfield who meet income eligibility and property purchase price limits. In 2013, Broomfield became a partner community with the Metro Mortgage Assistance Program, administered by the city of Denver s Economic Development Department. This program allows potential Broomfield homeowners to receive down payment grants and low interest rate mortgages. Since 2004, several projects have been developed in Broomfield that include designated affordable housing units - Red Leaf, Vantage Pointe, and Emerald Hill. Continued affordability is assured through deed restrictions. AMLI at Flatirons (formerly Summit at Flatirons) also designated affordable units, and as the structure of the development was changed from home ownership to rental, the designated units remained restricted as affordable rentals. H O M E M A I N T E N A N C E In 2009, Broomfield was granted status as a HUD entitlement community, providing an annual allocation of federal Community Development Block Grant (CDBG) funds to be used for housing and infrastructure projects for low and moderate income residents. A housing rehabilitation program, a mobile home repair program, an urgent repair program, and housing counseling services have received an allocation from the CDBG funding. The rehabilitation programs have processed 106 applications, completed renovations on 92 homes, and currently have four homes in various stages of construction. The housing counseling program has assisted 213 Broomfield families with first time homebuyer planning, foreclosure prevention and other budget and financial management services. In 2013, Broomfield entered into an agreement with FirstBank, to support, by assisting with construction oversight, a home repair program for families earning over the income limit for the CDBG program, but who still met the FirstBank s guidelines for lower rate loans. The agreement as since expired. In 2013, Broomfield received a one-time grant from Foothills United Way, to aid families in Broomfield who had storm and flood damage to their homes. Ten lower income families were assisted with repairs from this grant during 2013 and A weatherization program is available to income-qualified Broomfield residents through Longs Peak Energy Conservation of Boulder County. The program provides energy audits, furnace repair or replacement, insulation, refrigerator replacement, and storm windows and doors. The program is funded through the Colorado Governor's Energy Office, and was supported by Broomfield with CDBG funding in past years. The weatherization program has served 179 Broomfield households through The program is continuing, even though funding has been reduced. Thus far in 2015, 10 Broomfield households have received services through this program (a) - Page 3

4 The chart below summarizes the programs and number of available units and available funding for Broomfield residents for Program PROGRAM Availability RENTAL ASSISTANCE (on-going) Vouchers (including supportive service programs) Tenant-Based Rental Assistance Program 15 Housing Choice Vouchers Jefferson County Housing Authority 25 Colorado Division of Housing Vouchers through Imagine! 15 Colorado Division of Housing Vouchers through the Broomfield Housing Authority 25 Affordable Apartments - Through agreements with developers. Does not include privately-owned apartments Broomfield Greens 50 AMLI at Flatirons 20 TOTAL RENTAL ASSISTANCE Approx. 150 AFFORDABLE HOME OWNERSHIP (completed units) Red Leaf Affordable Housing Program 15 Vantage Pointe Affordable Housing 9 Emerald Hill (Habitat for Humanity) 14 Neighborhood Stabilization Program 2 TOTAL AFFORDABLE HOME OWNERSHIP Approx. 40 HOUSING WEATHERIZATION/HOME MAINTENANCE (anticipated for 2015/2016 funding) Housing Weatherization Program 20 Single-Family Housing Rehabilitation Program 15 Mobile Home Repair Program 15 Urgent Repair Program 10 TOTAL HOUSING WEATHERIZATION/HOME MAINTENANCE Approx. 60 The Broomfield Housing Authority will continue to evaluate possible programs for Additional information will be presented to City Council during the year. Respectfully submitted, Charles Ozaki City and County Manager 71 10(a) - Page 4

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7 TABLE 1 BROOMFIELD HOUSING AUTHORITY REVENUES AND EXPENDITURES Original Amended Original Budget % Chg Sources and Actual Budget Budget Budget 15 Original 15 Revised Uses of Funds Sources of Funds Beginning Balance $ - $ - $ 20,000 $ - Intergovernmental Tenant-Based Rental Assistance Program $ 74,207 $ 60,000 $ 165,422 $ 65, % % Community Development Block Grant 208, , , , % % Housing Choice Voucher Program ,684 - Total Intergovernmental $ 283,026 $ 260,000 $ 564,489 $ 285, % % Contributions Contributions from General Fund $ 93,143 $ 77,695 $ 55,413 $ 84, % 52.45% Contributions from Non-profit 5, Total Contributions $ 98,868 $ 77,695 $ 55,413 $ 84, % 52.45% Fines and Other Transfer from Reserves $ 45,000 $ - $ - $ - Total Fines and Other $ 45,000 $ - $ - $ - Total $ 426,894 $ 337,695 $ 619,902 $ 369, % % Total Sources of Funds $ 426,894 $ 337,695 $ 639,902 $ 369, % % Uses of Funds Program Administration $ 91,143 $ 77,695 $ 75,413 $ 84, % 12.02% TBRA Program 74,207 60, ,422 65, % % Community Development Block Grant Programs 188, , , , % % Housing Choice Voucher Program ,684 - Other Miscellaneous Housing Programs 45, Transfer to Reserves 7, Sub Total $ 406,894 $ 337,695 $ 639,902 $ 369, % % Total Uses of Funds $ 406,894 $ 337,695 $ 639,902 $ 369, % % Ending Balance $ 20,000 $ - $ - $ - 10(a) - Page 7

8 TABLE 1A BROOMFIELD HOUSING AUTHORITY HOUSING AUTHORITY RESERVES RED LEAF REIMBURSEMENT RESERVE Original Revised Original Budget % Chg Sources and Actual Budget Estimate Budget 15 Original 15 Revised Uses of Funds Sources of Funds Beginning Balance $ 215,000 $ 170,000 $ 177,725 $ 177, % NA Developer Payment Received $ 7,725 $ - $ - $ - Total Sources of Funds $ 222,725 $ 170,000 $ 177,725 $ 177, % NA Uses of Funds Project Expenses $ 45,000 $ - $ - $ - Ending Balance $ 177,725 $ 170,000 $ 177,725 $ 177, % NA In the Memorandum of Understanding regarding affordable housing in the Red Leaf development there was a provision that if a certain number of homes did not sell as affordable the developer would make a cash-in-lieu payment of $5,000 per home. The payment received in 2007 represents the entire cash-in-lieu that was due from the developer. 10(a) - Page 8

9 TABLE 2 COUNTY OF BROOMFIELD BUDGET BROOMFIELD HOUSING AUTHORITY HOUSING AUTHORITY - PROGRAM SUMMARY Original Revised Original Budget % Chg Actual Budget Budget Budget 15 Original 15 Revised Function/Activity Program Administration Contribution from Developer $ 5,725 $ - $ - $ - Contribution from General Fund 93,143 77,695 55,413 84, % 52.45% Total $ 98,868 $ 77,695 $ 55,413 $ 84, % 52.45% Personnel $ 85,073 $ 72,175 $ 70,893 $ 76, % 7.51% Supplies and Services 6,070 5,520 4,520 8, % 82.74% Transfer to Reserve 7, Total $ 98,868 $ 77,695 $ 75,413 $ 84, % 12.02% Tenant-Based Rental Assistance Program Federal HOME Fund $ 74,207 $ - $ - $ - Federal HOME Fund ,666 - Federal HOME Fund ,806 - Federal HOME Fund ,000 77, % % Federal HOME Fund , % % Total $ 74,207 $ 60,000 $ 165,422 $ 65, % % Home Consortium Boulder Administration $ 6,000 $ 6,000 $ 6,000 $ 6, % 8.33% Tenant-Based Rental Assistance Program 68,207 54, ,422 58, % % Total $ 74,207 $ 60,000 $ 165,422 $ 65, % % Housing Choice Voucher Program Housing Choice Voucher Program $ - $ - $ 12,684 $ - Total $ - $ - $ 12,684 $ - Housing Choice Voucher Program $ - $ - $ 12,684 $ - Total $ - $ - $ 12,684 $ - Community Development Block Grant Programs Community Development Block Grant , Community Development Block Grant , , % % Community Development Block Grant , % % CDBG program support 10% - 20,000 20,000 20,000 Miscellaneous 30, Contribution from General Fund Total $ 208,819 $ 200,000 $ 386,383 $ 220, % % CDBG Rehabilitation Program , , , % % CDBG Rehabilitation Program , % % CDBG program support 10% 20,000 20,000 20,000 Total $ 188,819 $ 200,000 $ 386,383 $ 220, % % Difference $ 20,000 $ - $ - $ - Other Miscellaneous Housing Programs Contribution from Nonprofit (Flood Relief) Transfer from Reserves $ 45,000 $ - $ - $ - Total $ 45,000 $ - $ - $ - Projects $ 45,000 $ - $ - $ - Total $ 45,000 $ - $ - $ - Difference $ - $ - $ - $ - SUMMARY Original Amended Original Budget % Chg Actual Budget Budget Budget 15 Original 15 Revised Beginning Balance ,000 - Total $ 426,894 $ 337,695 $ 619,902 $ 369, % % Total 406, , , , % % Difference $ 20,000 $ - $ (20,000) $ - Ending Balance $ 20,000 $ - $ - $ - 10(a) - Page 9