AHA2006/07/11ANAHEIM, CALIFORNIA
ANAHEIM HOUSING AUTHORITY MEETING
JULY 11, 2006
The Anaheim Housing Authority met in regular session.
PRESENT: Chairman Curt Pringle, Authority Members: Richard Chavez, Lorri Galloway, Bob
Hernandez and Harry Sidhu
STAFF PRESENT: City Manager David Morgan, Assistant City Attorney Cristina Talley,
Secretary Sheryll Schroeder.
A copy of the agenda for the meeting of the Anaheim Housing Authority was posted on July 7,
2006 at the City Hall outside bulletin board.
Chairman Pringle called the regular meeting to order at 5:51 P.M. in the Council Chambers of
Anaheim City Hall, 200 South Anaheim Boulevard.
ADDITIONS/DELETIONS TO THE AGENDA: None
PUBLIC COMMENTS:
Lucy Dunn, President of the Orange County Business Council, spoke in support of the
Jamboree Corporation affordable housing project, stating the top three issues concerning
attracting a good work force for businesses in Orange County was the availability of good jobs,
education and housing for the full breadth of the population workforce.
CONSENT CALENDAR: Chairman Pringle, with the consent of Authority Members, asked that
each item on the consent calendar be taken separately in order to have staff presentations on
the items.
4. Approve an Affordable Housing Agreement by and between the Anaheim Housing
3963 Authority and Jamboree Housing Corporation (Crescent Street Apartments) and
authorize the Executive Director, or her designee, to execute the agreement on behalf of
the Housing Authority.
Elisa Stipkovich, Community Development Director, reported this item was an affordable
housing agreement with Jamboree Corporation for a site at Crescent Street and the I-5 freeway.
She noted the City had been negotiating exclusively with the developer for some time and the
agreement would allow Jamboree to submit for tax credit consideration for 63 affordable family
units. She added the City would be approving a ground lease with Jamboree for 65 years and
would be getting rent payment equal to 85 percent of the residual receipts from the project. She
explained the units would be affordable to families between 30 to 50 percent of median income
and would consist of 12 one-bedroom units, 28 two-bedrooms and 23 three-bedroom units.
Laura Archuletta, Jamboree Corporation, remarked this was the company's first affordable
family development before the City, awarded under a Request for Proposal and after working
with staff through the preliminary design process, she believed the development would compete
well for the nine percent State tax credits for which Jamboree was hoping to finance the project.
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Chairman Pringle asked when the tax credit applications would be filed; Ms. Stipkovich replied
that date was July 20, 2006.
Authority Member Galloway asked if there were any type of community-based programs
integrated into the project; Ms. Archuletta responded there would be several programs offered
through "Housing with Heart" and a staff person would be on site to man the after-school
learning center providing computer tutoring and teaching. She remarked that other project sites
had been tied in with school districts to allow parents to check on line with their children's
teachers to ensure school work was being completed. She added letters from the school
districts proved this connection for the children was making a difference in how they performed.
In addition, Ms. Archuletta indicated there would be social activities for residents and adult
learning activities as needed. Related to the tax credit rounds, Ms. Archuletta explained it was a
point system based on a variety of public policy goals that the State identified each year in their
process and included an affordability test, access to transportation, shopping, grocery stores
and included on-site resident services. She noted that other funding was available through
special set asides and since Jamboree was anon-profit agency, they would be able to compete
statewide for those set asides and also through a geographic competition.
Authority Member Sidhu asked what would happen should the tax credit not be granted. Ms.
Stipkovich remarked there had been an earlier discussion by the Authority to allow the
corporation to submit through two rounds of tax credits in case the first round was not
successful and due to zoning, Jamboree had not been able to submit in March. Authority
Member Sidhu asked whether profitable developers should be brought in to compete on that
site at that time. Ms. Stipkovich remarked that without tax credits or some type of City subsidy,
no developer could provide 100 percent affordable family housing. Chairman Pringle pointed
out Tyroll Plaza did not succeed on the first go around and had to resubmit their project a
second time. He supported allowing Jamboree to submit their development for State tax credits
for at least two rounds given the time and effort put into this specific project.
Authority Member Chavez moved to approve Item No. 4, seconded by Authority Member Sidhu.
Roll call vote: Ayes - 5; Chairman Pringle, Authority Members: Chavez, Galloway, Hernandez
and Sidhu. Noes - 0. Motion carried.
5. Approve and authorize the Executive Director to execute a certain Financing
4006 Commitment Letter for the Elm Street Affordable Multifamily Residential Development.
Elisa Stipkovich, Community Development Director, indicated this item was a recommendation
to authorize a letter of financing commitment for the Elm Street Affordable Multi-family project
for 53 units. This developer, SADI, was also seeking a tax credit allocation and would be
competing in the same round of funding as the Jamboree project. The original negotiations on
this project indicated the developer, who purchased the property, would need the City to fund
the $2.4 million cost of acquisition and would own the site and implement a ground lease much
the same as was proposed for the Jamboree project. Ms. Stipkovich had been notified today
there was a significant cost overrun estimate on remediation of the site and was asked for
additional funding for that remediation process. She suggested using EPA funds which were
available and included those specifics in the letter, which had been modified and presented to
the Housing Authority. She remarked the City would be agreeing to commit up to $3.25 million,
the $2.4 million cost of acquisition plus an additional $850,000 from an EPA funding source for
remediation. She explained the funds would be a loan and would be repaid either through a
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ground lease payment or a loan payment. She indicated the applicant concurred with the
financing letter.
Authority Member Hernandez moved to approve the revised financing letter of commitment,
seconded by Authority Member Sidhu. Roll call vote: Ayes - 5; Chairman Pringle, Authority
Members: Chavez, Galloway, Hernandez and Sidhu. Noes - 0. Motion carried.
6. Approve the regular meeting minutes of June 20, 2006.
Authority Member Hernandez moved to approve the minutes of June 20th, seconded by
Authority Member Galloway. Roll call vote: Ayes - 5; Chairman Pringle, Authority Members:
Chavez, Galloway, Hernandez and Sidhu. Noes - 0. Motion carried
Adjournment:
There being no further business, Chairman Pringle adjourned the Anaheim Housing Authority
Meeting at 6:55 P.M.
Respec fully submitted,
Sheryll Sc roeder, MMC
Secretary, Anaheim Housing Authority