AHA 2008/01/29ANAHEIM HOUSING AUTHORITY
REGULAR MEETING OF
JANUARY 29, 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, 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 January 25, 2008
on the kiosk outside City Hall.
Chairman Pringle called the regular meeting to order at 5:21 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.
REDEVELOPMENT AGENCY ITEMS:
3. RESOLUTION NO. AHA 2008-001 A RESOLUTION OF THE GOVERNING
8137.1 BOARD OF THE ANAHEIM HOUSING AUTHORITY authorizing the issuance of its
Multifamily Housing Revenue Bonds in an aggregate principal amount not to exceed
$24,215,000 for the purpose of financing the acquisition and rehabilitation of the Bel'Age
Manor Apartments Multifamily Rental Housing Project and refinancing the project,
approving and authorizing the execution and delivery of any and all documents
necessary to issue the bonds and implement this Resolution, and ratifying and approving
any action heretofore taken in connection with the bonds (Related to City Council Item#
22)
Elisa Stipkovich, Community Services Director, reported this item was a recommendation by
Housing Authority staff to approve multi-family revenue bonds for $24,215,000 which would
finance the acquisition and rehabilitation of an existing senior project called Bel'Age Manor
located at 66 West Broadway. She explained Bel'Age would yield 180 units of senior housing,
originally developed with 72 affordable units and the term for that affordability would be up in
2020. With the approval of the multifamily housing revenue bonds, she indicated, the developer
would then provide for 178 units of affordable housing of which 59 units would be for very low
incomes and 119 units for low incomes. The developer also requested 90 units of project-based
Section 8 subsidies and in addition would agree to give the City 99 years of affordability. To
summarize, Ms. Stipkovich remarked, the amount of affordable housing in this project would be
expanded from the original concept and the life of the project extended from year 2020 to 2107.