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HomeMy WebLinkAboutAffordable Housing Board - Minutes - 01/06/2022AFFORDABLE HOUSING BOARD REGULAR MEETING 1/6 /202 2 – MINUTES Page 1 January 6, 2022, 4:00-6:00pm Remote/Online via Zoom due to COVID-19 CALL TO ORDER At 4:02 the meeting was called to order by Kristin Fritz. 1. ROLL CALL a. Board Members Present: Kristin Fritz, Tatiana Zentner, John Singleton Jennifer Bray, Bob Pawlikowski, Seth Forwood, and Stefanie Berganini b. Staff Members Present: ▪ Sue Beck-Ferkiss, Staff Liaison – City of Fort Collins ▪ Taylor Reynolds, Minutes – City of Fort Collins 2. AGENDA REVIEW – No changes. 3. CITIZEN PARTICIPATION – Marilyn Heller from the League of Women Voters – Offered appreciation for all the work being done by The Affordable Housing Board. 4. APPROVAL OF MINUTES Tatiana Zentner moved to approve December minutes. John Singleton seconded. Approved 5-0. Seth Forwood and Stefanie Berganini abstained since they were not members in December. DocuSign Envelope ID: FC91C3F5-253E-4610-96FE-3F3E642EEEDD AFFORDABLE HOUSING BOARD REGULAR MEETING 1/6 /202 2 – MINUTES Page 2 5. NEW BUSINESS a. Board Introductions and Officer Nominations ▪ Board members introduced themselves, including the two new members who were attending a regular meeting for the first time. ▪ Tatiana Zentner expressed interest in serving as Board Chair. ▪ Board members were encouraged to send any additional nominations to Sue. The vote will take place at February or March meeting. b. Affordable Housing Board Annual Report ▪ After reviewing the 2021 Annual Report, board members discussed opportunities for the coming year, which include the following: • Learning more about grants, affordable housing proposals, vouchers, and other resources available. • Holding community forums to educate the public on affordable housing. • Hosting housing providers and partners as guest speakers, including direct service employees, at board meetings throughout the year. Tatiana Zentner moved to approve 2021 Annual Report. Bob Pawlikowski seconded. Approved 7-0. c. Housing Strategic Plan ▪ Overview • The Housing Strategic Plan passed last in April of 2021 and implementation began this summer. • The Plan works to provide all residents with health, stable housing they can afford. • Currently, our community faces inventory shortages across the entire housing and income spectrum. • The Plan outlines the six greatest challenges and additional guiding principles which will guide the rankings of grant applications during the Spring Competitive Grant Process. • Timelines for the Plan include quicker wins, transitional, and transformational strategies, some of which were completed or underway in 2021. • The Equity and Opportunity Assessment will be presented at the City Council work session on February 8. ▪ Land Use Code Update • The Land Use Code (LUC) Update is underway. More input will be sought as draft language has just begun. • Review of the newly drafted code changes will take place March-April. DocuSign Envelope ID: FC91C3F5-253E-4610-96FE-3F3E642EEEDD AFFORDABLE HOUSING BOARD REGULAR MEETING 1/6 /202 2 – MINUTES Page 3 ▪ Occupancy and Rental Programming • New licensing program is meant to address U+2 and its original, intended purpose of safety, especially for renters. • The City has some tools for affordable housing, but not enough to meet its goals. • Goal: Achieve 10% affordability goal by 2040. • Currently, the City can produce or preserve 120 affordable units per year, but an additional 282 units are needed each year. • CDBG/HOME (federal) provides $1.5-2.5 million and Affordable Housing Capital Fund (CCIP) $500,000 per year. • The average City affordable housing subsidy is about $39,000. • Total funding needed includes $27 million deferred (to “catch up”) and $10-11.5 million annually. DISCUSSION SUMMARY: • Board members discussed that they do not want rental licensing and occupancy restrictions to burden landowners. • City staff will meet with the Council Finance Committee to talk about the revenue sources available for affordable housing to meet that $8 million gap. • The Board discussed the use of Impact Fees and Inclusionary Housing. • ARPA funding can be used now which allows the affordable housing funding to be available long term. d. Board Member Ideas ▪ Board members expressed interested in voucher and project subsidy opportunities. ▪ The Board discussed hosting a speaker on financing before the April meeting or review of the Competitive Grant Process applications. ▪ Board members recognized the need for subsidies for development and maintenance. Staff clarified that CDBG and HOME funding can be used for rehabilitation. ▪ The Board discussed the need for data on rental properties. This is included in the proposed rental licensing and occupancy changes. 6. BOARD MEMBER REPORTS a. Rates for second homes and investment properties are increasing. b. There is a recognized need for affordable housing funds. Board members discussed available revenue sources and the pros and cons to diversifying or requesting larger amounts from fewer funders. c. Affordable housing funding is available through CDBG and HOME and State grant money, but the process is very different from nonprofits applying for grants. The City does not want to compete with its partners. DocuSign Envelope ID: FC91C3F5-253E-4610-96FE-3F3E642EEEDD AFFORDABLE HOUSING BOARD REGULAR MEETING 1/6 /202 2 – MINUTES Page 4 7. OTHER BUSINESS – NOT DISCUSSED a. City Council 6-month planning calendar review b. Council Comments – Who, what? c. Review 2022 Work Plan d. Update on Affordable Housing Projects e. Future AHB Meetings Agenda 8. ADJOURNMENT Meeting adjourned at 5:58 PM DocuSign Envelope ID: FC91C3F5-253E-4610-96FE-3F3E642EEEDD