San Diego Housing Commission (SDHC) City of San Diego Affordable - - PowerPoint PPT Presentation

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San Diego Housing Commission (SDHC) City of San Diego Affordable - - PowerPoint PPT Presentation

San Diego Housing Commission (SDHC) City of San Diego Affordable Housing Fund (AHF) Fiscal Year 2021 Annual Plan July 1, 2020 June 30, 2021 Jasmine Kotlarz Manager, Special Programs & Compliance San Diego Housing Commission Christelle


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San Diego Housing Commission (SDHC) City of San Diego Affordable Housing Fund (AHF) Fiscal Year 2021 Annual Plan

July 1, 2020 – June 30, 2021

Jasmine Kotlarz Manager, Special Programs & Compliance San Diego Housing Commission Christelle Van Der Windt Manager, Grants and Reporting San Diego Housing Commission

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City of San Diego Affordable Housing Fund

San Diego Housing Commission Slide #2

Overview

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The City of San Diego’s Affordable Housing Fund (AHF):

  • A permanent and annually renewable source of revenue to

address the housing needs of the City’s extremely low-, very low-, low-, and median-income households

  • Leverages more than $2 in non-City funds for every $1 of City

Funds invested

City of San Diego Affordable Housing Fund

Overview

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City of San Diego Affordable Housing Fund

Sources of Funding

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San Diego Affordable Housing Fund

Inclusionary Housing Fund (IHF)

Residential Development Fees Loan Repayments

Housing Trust Fund (HTF)

Commercial Development – Housing Impact Fees Loan Repayments

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Fiscal Year 2021 AHF Annual Plan Process

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City of San Diego Affordable Housing Fund

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  • The San Diego Municipal Code requires submission of an

AHF Annual Plan to the City Council for action.

  • The City of San Diego AHF Annual Plan:

‒ Provides a framework for planning and budgeting of fund revenues; and ‒ Specifies the amount of funds budgeted for housing activities and administrative expenses

San Diego Housing Commission Slide #6

City of San Diego Affordable Housing Fund

Purpose of Annual Plan

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City of San Diego Affordable Housing Fund

Model Programs

  • Possible investment activities
  • Meet the housing needs of extremely

low to median income households

San Diego Housing Commission Slide #7

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City of San Diego Affordable Housing Fund

Current SDHC Model Programs

SDHC’s model programs with funding allocations: Rental Housing Finance:

  • New construction of rental housing
  • Companion Unit Loans
  • Preservation of existing affordable housing

Homeownership:

  • Deferred payment loans and closing cost assistance

Homelessness activities:

  • Emergency shelters
  • Prevention and diversion
  • Landlord engagement and assistance
  • Transitional housing and rapid rehousing
  • Supportive services

San Diego Housing Commission Slide #8

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San Diego Housing Commission Slide #9

Community Planning Group Presentations January-February 2020 SDHC Board of Commissioners Meeting April 2020 LU&H Committee Meeting TBD City Council Meeting June 2020

City of San Diego Affordable Housing Fund

Timeline

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AHF FY2021 Plan Funding Projections

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City of San Diego Affordable Housing Fund

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City of San Diego Affordable Housing Fund

FY2021 Projected Fund Balances & New Funding

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FUND PROJECTED FUND BALANCES PROJECTED FY2021 NEW FUNDING TOTAL FY2021 FUNDS

HTF – Housing Impact Fees and Repayments $21,434,134 $3,928,718 $25,362,852 Inclusionary Housing Fund – Inclusionary Fees and Repayments $34,329,318 $5,313,366 $39,642,684 TOTAL $55,763,452 $9,242,084 $65,005,536

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City of San Diego Affordable Housing Fund

FY2021 Proposed Allocations

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86% 1% 8% 5% Rental Housing Development Homeownership Homeless Initiatives Admin

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Questions & Comments

San Diego Housing Commission Slide #13

City of San Diego Affordable Housing Fund