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12/06/2005 . . . NEIGHBORHOOD & AFFORDABLE HOUSING ADVISORY BOARD MEETING MINUTES CITY OF CLEARWATER December 6, 2005 Present: John Sabatier Lisa Hughes Donald Brackett Josephine Carbone Doug Booher Peggy M. Cutkomp Chair Vice-Chair Board Member Board Member Board Member Board Member Absent: Laurel Braswell Board Member Also Present: Howie Carroll Michael Holmes Patricia O. Sullivan Assistant Housing Director Housing Manager - arrived 9: 13 a.m. Board Reporter The Chair called the meeting to order at 9:00 a.m. at City Hall. To provide continuity for resear(:h, items are in agenda order although not necessarily discussed in that order. 3 - Approval of Minutes - 10/11/05 Approval of the minutes of the regular meeting of October 11, 2005, was continued to the next meeting, without objection. 4 - Public Hearino - Approval of FY 2004/05 CAPER (Consolidated Annual Performance and Evaluation Report) The Consolidated Annual Performance and Evaluation Report (CAPER) is the principal administrative report documenting the City's expenditures of Community Development Block Grant (CDBG) and HOME Investment Partnership (HOME) programs funds to the U. S. Department of Housing and Urban Development (HUD). The City of Clearwater FY (Fiscal Year) 2004/05 CAPER contains information on the City's assessment of activities listed: 1) Assessment of Three to Five Year Goals and Objectives; 2) Affordable Housing; 3) Continuum of Care; 4) Leveraging Resources; 5) Affirmatively Furthering Fair Housing; 6) Citizens Comments; and 7) Self-Evaluation. For FY 2004/05, the City's allocations for the CDBG and HOME programs were $1,079,985 and $577,115, respectively. The CAPER document serves as the basis for program monitoring for compliance and for financial audits for all activities conducted during the FY 2004/05 as outlined in the FY 2000-05 Consolidated Action Plan for that program year. The report provides HUD with necessary information for the department to meet its requirement to assess each grantee's ability to carry out relevant Community Planning Development (CPD) programs in compliance with all applicable rules and regulations. It also provides information necessary for HUD's Annual Report to Congress and it provides grantees an opportunity to describe to citizens their successes in revitalizing deteriorated neighborhoods and in meeting objectives stipulated in their Consolidated Planning document. Neighborhood & Affordable Housing 2005-12-06 1 . . . Through the programs covered under the CAPER, over 27,521 persons were assisted through Public Services, Public Facilities, Housing Rehabilitation and New Construction, Fair Housing and Economic Development programs. One highlight of the City's program success is that during the past fiscal year 25 homes were rehabilitated through Clearwater's Housing Rehabilitation program. The FY 2004/05 CAPER is due to HUD no later than December 29, 2005. Assistant Housing Director Howie Carroll reported the Homeless Policy Group's report will be completed in early 2006. He highlighted projects in North Greenwood, including the CNHS (Clearwater Neighborhood Housing Services) business center. He reported 652 households received homeowner education programs during the previous year. The City's CAPER is available at City libraries and on the website for public comment from November 21 through December 12,2005. In January 2006, the action plan process will begin anew. In response to a question, Mr. Carroll said the Executive Director of CHS (Clearwater Housing Authority) had indicated that CHS is working with a financial team to structure financing to develop the Jasmine Court site. Housing credits are very competitive and the bond market is difficult now. The City's commitment to the project would be withdrawn if another multi-family project comes forward that is on a faster track. No large projects are in the pipeline. He reported that homeowners insurance will become a major challenge for all homeowners, and anticipated that defaults will increase when insurance becomes unaffordable. In response to a question, Mr. Carroll said the small Mt. Carmel CDC project received a bid 50% higher than estimated and could not move forward. Mt. Carmel CDC now plans to construct affordable infill houses, with CNHS verifying homebuyer qualifications. It was stated that increasing interest rates affect the price of new construction more than higher construction costs. To better serve City clients, Mr. Carroll hoped to recruit more contractors who are driven by mission, rather than profits. He suggested the City may be able to foster new non-profits to fill this niche. Discussion ensued regarding the ramifications of a bubble in the local housing market, with a condo conversion market spurred by speculators. In response to a suggestion, staff will review the document again to correct typos. The report was complimented for its statistical information, and report on the large number of people served by City programs, considering the limit on available allocations. It was stated the report shows a good use of public money. Member Hughes moved to recommend approval of the City of Clearwater FY 2004/05 Consolidated Annual Performance and Evaluation Report (CAPER). The motion was duly seconded and carried unanimously. 5 - New/Old Business Mr. Carroll reported the City Council had approved incorporating an equity sharing provision in documents for homes purchased with some City funds. The City's policy will provide seven-years of equity sharing, and meet FHA (Federal Housing Authority) guidelines. Staff also is considering a program intended to keep affordable housing affordable and would require home purchasers, who use City funds and sell their homes within five to ten years, to sell those houses to low-income buyers. Discussion ensued regarding 99-year Neighborhood & Affordable Housing 2005-12-06 2 . . . restrictive covenants in place on property, not affordable housing structures, in Colorado that limit the increase in price to 3% annually. Mr. Carroll said staff is looking at creative and innovative ways to retain affordable housing. He expressed concern that conversions from apartments to condominiums are unaffordable to many residents, who are displaced and have nowhere to move. 6 - Next Meetina Housing Manager Michael Holmes reported staff is working to improve/update the subrecipient application process. He suggested applications will be ready for NAHAB (Neighborhood & Affordable Housing Advisory Board) review in February and set a tentative date for the next meeting on February 14, 2005. Mr. Carroll thanked NAHAB members for their input and comments. 7 - Adjournment The meeting adjourned at 9:25 a.m. Neighborhood & Affordable Housing 2005-12-06 3