Fifth District Update_Feb 2020

# of households assisted: 95

o

• CalWORKs Housing Support Program o

Monthly rental, utility, security & utility deposit, storage assistance provided: $124K o # of households assisted: 136 • HOME Security Deposit Assistance Program o Monthly security deposit assistance provided: $4K o # of households assisted: 3

Total monthly assistance provided: $562K Total # of households assisted: 798

Senior Home Rehabilitation Grant Program:

• The Senior Home Rehabilitation Grant Program is a grant of up to $25,000.00 to assist qualified very low-income seniors or disabled homeowners with correcting health and safety hazards in their homes to improve their quality of life and safety. A total of $ 572,499.00 has been drawn down, $308,000.00 has been obligated, leaving a balance of $119,501.00. The County has successfully assisted 20 seniors rehabilitate their homes through this program. District 5 • 4 completed; Beaumont, Sun City • 1 in rehab

Affordable Housing Production FY 2019/2020 Completed Units: 80 Pre-Development: 81

Perris Park Apartments, City of Perris (Developer – Riverside Community Housing Corp.) • 80 unit multi-family low income housing for families • The housing authority acquired this apartment complex on October 2019. • Now that the Housing Authority owns the project the next step is to stabilize the project, staff is currently processing eligible applications to place project based vouchers on the property. • Staff is also looking at applying for 4% tax credits in March 2020 to completely rehabilitate the project and bring it to County standards. • Developer submitted an application to the County for HOME funding on May 1, 2019. Developer is also working with the City of Moreno Valley for land, entitlements, funding and environmental clearance. • Housing staff is in the process of reviewing the project, budget, applicant’s experience, capacity, and financials. • 35 Project Based Vouchers were awarded from the Housing Authority. • Developer applied for 4% tax credits November 2019. If awarded tax credits construction will commence 2 nd quarter of 2020. • The Agreement to Enter into a Housing Assistance Payments Contract for New Construction is tentatively scheduled for Board consideration April 2020 Housing Authority Subsidy Assistance and Report (December 2019) – 5th District totals: • Section 8 Program – 1,989 families were assisted in the month of December; $1,455,762 was expended in Housing Assistance Payments. • Affordable Apartment Units: 132 units total (34 and 28 unit communities in Moreno Valley, 12 unit community in Beaumont, 14 unit community in Banning, 40 unit community in Perris and 4 single family homes in Moreno Valley) Courtyard at Cottonwood, Moreno Valley (Developer – Rancho Belago): • 81 unit multi-family low income housing for families