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

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Attachment 1 6.E. - Page 15 of 16 7.A. - Page 9 o Entitlements • Development Team/Entity • Development Project Experience & Qualifications • Developer/Owner's Mission or Purpose • Project Concept • Financial Capacity (ProForma) o Fund leveraging • Property Management Experience • Estimated Project Schedule (Milestones) • References The Housing and Human Concerns Committee would conduct the initial public review of the proposals received through the NOFA / RFP process. They would determine which proposals most closely meet the City funding priorities, goals and objectives. They would prioritize their recommendations of funds and order of priority for City Council. However, before the recommendations are brought to City Council, the HHCC's funding recommendations would go to the Planning Commission to ensure the projects conceptually conform to the applicable policies of the City's General Plan. City staff will prepare guidance documents and NOFA/RFP application materials to assist Housing Fund applicants. The priorities and process may need to change over time and should be reviewed and amended when necessary. The HHCC conducts a review of the NOFA/RFP and funding guidelines for CDBG, HOME and HSFA each year and could include the Affordable Housing Fund Allocation Guidelines in the review process, and bring recommendations for substantial modifications to City Council. The proposed resolution delegates authority to the HHCC to approve minor revisions to the guidelines with concurrence of the Community Development Director. ALTERNATIVES Some alternatives to the recommendations outlined in the staff report could include the issuance of a NOFA/RFP more frequently than once a year, issuance of a stand-alone NOFA/RFP process for the Affordable Housing Fund (do not combine it with the CDBG, HOME and HSFA process), or using an alternative method for reviewing the applications for funding. FISCAL IMPACT The adoption of the Affordable Housing Fund Allocation Guidelines is an administrative action and has no fiscal impact. 124