AgdaPkt 2019-02-11 Joint SA PFA - Laserfiche WebLink

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Attachment 1 6.E. - Page 14 of 16 7.A. - Page 8 exceptional opportunities arise or when there is an extraordinary circumstance to produce or preserve affordable housing. There are also exceptions to the prioritization to allow the City to allocate funds to projects that provide an exceptional opportunity or greater benefit to the City. Process for Allocation of Affordable Housing Funds The City currently issues a Notice of Funding Availability ("NOFA") and Request for Proposals ("RFP") each December for its federal Community Development Block Grant ("CDBG"), Home Investment Partnership Funds ("HOME") and its local Human Services Financial Assistance ("HSFA"). The Housing and Human Concerns Committee ("HHCC") has an established and efficient process for reviewing funding proposals. It includes a series of public meetings, presentations from funding applicants, public hearings and several opportunities for public comments on the use of funds. After this process is carried out, the HHCC's funding recommendations for capital housing project funding are reviewed by the Planning Commission to confirm the proposed activities conform to the General Plan before they make their final recommendations to Council each April. Combining the NOFA/RFP for the CDBG, HOME and HSFA funds has proven to be very effective for the review of the proposals for staff, the HHCC and for funding applicants that are interested applying for multiple fund sources and streamlines the entire process. Based on the effectiveness of the NOFA/RFP process outlined above staff recommends including the Affordable Housing Fund in the existing NOFA/RFP process. If this process were approved, a NOFA/RFP would be issued in December and would be published in a local newspaper, the City website and through other City social media and electronic news emails as well as a press release. The notification of the Affordable Housing Fund would be expanded beyond the standard outreach for the grant funds to ensure all types of development entities have the opportunity to submit a proposal. City staff will review the proposals to ensure they include comprehensive project information to support the funding request and that they meet the City's and mandatory submittal requirements including the following: • Describes how the project meets one or more City affordable housing goals • Affordability proposal • Site Information o Site Description o Development Standards o Site Control/Property Disposition o Site Condition/Environmental Conditions 123