To: Contra Costa County Housing Authority Board of Commissioners
From: Joseph Villarreal, Executive Director
Report Title: ACCEPT THE RECOMMENDATION OF THE LAS DELTAS MAIN CAMPUS SELECTION PANEL AND ADOPT RESOLUTION NO. 5270 AUTHORIZING THE EXECUTIVE DIRECTOR TO ENTER INTO AN EXCLUSIVE NEGOTIATING AGREEMENT (ENA) WITH THE COMMUNITY HOUSING DEVELOPMENT CORPORATION (CHDC) AND EDEN HOUSING TO ACQUIRE, FOR APPRAISED FAIR MARKET VALUE, THE 11.38-ACRE FORMER LAS DELTAS PUBLIC HOUSING DEVELOPMENT MAIN CAMPUS.
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
Accept the recommendation of the Las Deltas Main Campus Selection Panel and Adopt Resolution No. 5270 authorizing the Executive Director to enter into an Exclusive Negotiating Agreement (ENA) with the Community Housing Development Corporation (CHDC) and Eden Housing to acquire, for appraised fair market value, the 11.38-acre former Las Deltas public housing development main campus subject to approval by the Executive Director and approval as to form by County Counsel.
BACKGROUND:
On December 17, 2013, the Housing Authority Board of Commissioners approved submission of two Rental Assistance Demonstration (RAD) applications for the conversion of 90 vacant public housing units at Las Deltas in North Richmond to RAD project-based voucher (PBV) units that could be used to fund development of affordable housing throughout the County. On March 30, 2015, HUD approved these two applications.
When staff submitted HACCC's RAD application in December 2013, the intention was to also submit a Section 18 Demolition/Disposition (Section 18) application to HUD for the remaining, occupied units at Las Deltas. The primary advantage of a Section 18 application was that it provided a better long-term subsidy stream than the RAD program did. The disadvantages were that HUD had made it very difficult to get a Section 18 application approved, the funding for replacement vouchers under suc...
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