MO 2002-041 to 2002-045 - Laserfiche WebLink

Home

ADMINISTRATIVE REVIEW DRAFT Subsidized Units At Risk of Converting to Market Rate Rents Thousands of publicly assisted housing units in California are eligible to change from low income to market rate housing during the next decade due to the termination of various government subsidy programs and/or restrictions on rental rates. As rent subsidies and restrictions expire, lower income tenants may face steep rent increases or even be displaced outright. The affected housing units are referred to as "at -risk" units. In 1989, Housing Element law was amended to require an assessment of at - risk units, along with programs to reduce adverse impacts on lower income tenants. The "at -risk" units include projects receiving state and/or federal assistance and units created through local inclusionary housing, density bonus, or bond financing programs. The analysis of expiring subsidies must include the period covered by the Housing Element, plus another five year period beyond that time. Thus, the analysis below addresses all units in jeopardy of conversion by 2011. Inventory of Assisted Units Table 3-17 lists all assisted housing units in San Leandro as of 2002. The table includes the name and address of the project, the type of governmental assistance received, the earliest possible date the project could convert from affordable use, and the number of units that would potentially be impacted. There are 546 rent -restricted housing units in the City, located on 17 properties. The total includes 262 units for families, 252 units for seniors, and 32 units for disabled persons. Of the 546 units, 189 are reserved for very low income households, 71 for low income households earning no more than 60 percent of Areawide Median Income (AMI), 265 for low income households earning no more than 80 percent of AMI, and 21 for moderate income households. More than half of the subsidized units in San Leandro were created through inclusionary housing requirements, redevelopment assistance, or bond financing programs. These units are typically located within privately -owned apartment buildings that include a combination of market -rate and "affordable" units. For instance, the 96-unit Woodside Apartments on Haas Avenue, which received tax-exempt bond financing assistance from the City, includes 20 units rented at rates affordable to lower income households and 76 units rented at market rates. Similarly, 15 percent of the 236 units at the Gateway Apartments on Davis Street (located within the Joint City -County Redevelopment Project Area) were set aside for low and moderate income renters, meeting a state requirement for inclusionary housing in redevelopment areas. At the Summerhill Terrace on Hesperian Boulevard, 10 of the 102 units were set aside for low income households, meeting a City requirement that 10 percent of all units in apartment complexes of 20 units or be so reserved. At the Greenhouse Townhomes, 11 of the 122 units were reserved for lower income households as a condition of receiving HOME funds for project rehabilitation. There are only a handful of projects in San Leandro in which the entire complex is subsidized. These include Eden Lodge and Fargo Senior Center, both funded through HUD Section 236 senior housing programs; and Fuller Lodge and Fuller Group Home for persons with disabilities. These four complexes include 248 units. Because the projects are operated by non-profit corporations, the risk of their conversion to market -rate rents is very low. HOUSING ELEMENT 3-27 SAN LEANDRO GENERAL PLAN Q `1 I