AHA 2008/02/26ANAHEIM HOUSING AUTHORITY
REGULAR MEETING OF
FEBRUARY 26, 2008
The Anaheim Housing Authority met in regular session in the Chambers of Anaheim City Hall
located at 200 South Anaheim Boulevard.
PRESENT: Chairman Curt Pringle, Housing Authority Members: Lorri Galloway, Bob
Hernandez, Lucille Kring and Harry Sidhu
STAFF PRESENT: City Manager David Morgan, City Attorney Jack White, Secretary, Linda
Andal.
A copy of the agenda for the meeting of the Housing Authority was posted on February 22, 2008
on the kiosk outside City Hall.
Chairman Pringle called the regular meeting to order at 5:20 P.M. for a joint public comment
session with the City Council and the Redevelopment Agency.
ADDITIONS/DELETIONS TO THE AGENDA: None
PUBLIC COMMENTS: No statements offered during the joint public comment session related
to the Housing Authority agenda.
CONSENT CALENDAR: The Housing Authority considered Item No. 3 concurrently with Item
No. 1 of the Redevelopment Agency and Item No. 8 of the Council agenda. Authority Member
Hernandez moved to approve the balance of the consent calendar, seconded by Authority
Member Sidhu. Roll Call vote: Ayes - 5; Chairman Pringle, Authority Members: Galloway,
Hernandez, Kring and Sidhu. Noes - 0. Motion Carried
4. Approve minutes of the Housing Authority meeting of January 29, 2008.
OFF CONSENT:
3. Approve revisions to the Homebuyer Downpayment Assistance Programs: Housing
AHA 177 Enable by Local Partnerships and CalHome (Related to Agency Item #1 and Council
Agenda Item 8).
Bertha Chavoya, Housing Manager, remarked the City currently provided for several individual
homebuyer loan programs approved under the Housing Authority, the Redevelopment Agency
and the City specifically designated for low and moderate income households. Although the
current market conditions showed a decline in housing values, she stated the appreciation of
homes in Orange County exceeded the increase of the area median wage for low and moderate
income households and staff was recommending revisions to the current maximum program
loan amounts. Specifically, the $75,000 for low income households and $65,000 for moderate
income households would be increased to $125,000 and $100,000 respectively, She added
staff was also recommending homebuyers be allowed to participate in the secondary mortgage
financing market which provided below market interest rates and more favorable terms. The
ITEM # 08
Anaheim Housing Authority Minutes of February 26, 2008
Page 2
third revision, she stated, would create some consistency in the affordability resale restrictions
for specific projects. She explained that with these proposed changes, staff felt better able to
assist more families to purchase affordable housing in the City and within specific projects
where there was a development and disposition agreement (DDA) with the developer.
Chairman Pringle was supportive of the increased down payment assistance and with
participation in the secondary mortgage market. He expressed concern over the revision
addressing affordable resale restrictions. He remarked that with many of the City's affordable
housing projects, a 55-year deed restriction was in place which meant if the City assisted a
homebuyer with moving into a home, when that property was sold and there was a net equity
value resulting from that sale, the proceeds must be split with the City. This revision, he pointed
out, would require a deed restriction for any property with a DDA agreement even if a
homebuyer purchased the home at market rate and was provided down payment assistance
through the City. He expressed concern that this revision would impede rather than help
families get into housing and recommended approving the first two revisions while allowing for
more research on the deed restriction issue; staff concurred. Chairman Pringle also suggested
having an annual review of the maximum loan limits should the housing market turn around,
Authority Member Kring concurred in the annual review, and remarked she felt the equity split
between the homeowner and the City was fair.
Chairman Pringle moved to approve the maximum aggregate loan amount increases, subject to
annual review, to approve the secondary trust deed revision and to continue to a later date the
DDA resale restriction revision; seconded by Authority Member Kring. Roll Call vote: Ayes - 5;
Chairman Pringle, Authority Members: Galloway, Hernandez, Kring and Sidhu. Noes - 0.
Motion Carried
ADJOURNMENT:
There being no further business, Chairman Pringle adjourned the Anaheim Housing Authority
Meeting at 6:12 P.M. to reconvene the Anaheim City Council meeting.
Respectfully submitted,
Linda N. Andal, Secretary
Anaheim Housing Authority