HomeMy WebLinkAbout2006-03-09; Housing Commission; Resolution 2006-0031 HOUSING COMMISSION RESOLUTION NO. 2Q06-003
2 THAT THE HOUSING COMMISSION RECOMMEND APPROVAL TO THE
3 CITY COUNCIL TO PROVIDE $200,000 IN FINANCIAL ASSISTANCE FROM
THE HOUSING TRUST FUND IN THE FORM OF LOW INCOME HOME BUYER
4 DOWN PAYMENT ASSISTANCE LOANS TO THE BUYERS OF TEN (10)
AFFORDABLE CONDOMINIMUM UNITS WITHIN THE BLUFFS
5 DEVELOPMENT IN THE NORTHWEST QUADRANT OF THE CITY.
6 APPLICANT: ANASTASI DEVELOPMENT
7 PROJECT: THE BLUFFS
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WHEREAS, Anastasi Development is the developer of The Bluffs housing development
10 within the Northwest Quadrant of the City of Carlsbad; and
11 WHEREAS, Anastasi Development is constructed a total of 78 residential housing units
12 within The Bluffs development, of which 10 are affordable to very low income households; and
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WHEREAS, pursuant to the City of Carlsbad's Inclusionary Housing Ordinance, Chapter
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21.85 of the Carlsbad Municipal Code, the developer is selling 10 one and three bedroom units to
very low income households as a means to satisfy the affordable housing obligations for the The
17 Bluffs development; and
WHEREAS, Anastasi Development has requested financial assistance from the City of
19 Carlsbad to assist the very low income buyers to provide the required down payment for said
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affordable units;
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WHEREAS, on March 9, 2006, the Housing Commission held a public meeting to
23 consider the developer's request for financial assistance for the very low income buyers to
24 purchase 10 affordable housing units within The Bluffs development; and
WHEREAS, at said public meeting, upon hearing and considering all testimony, if any,
of all persons desiring to be heard, said Commission considered all factors relating to the request
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for financial assistance;
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1 NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing Commission of
2 the City of Carlsbad, California, as follows:
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1. The above recitations are true and correct.
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<- 2. The project is consistent with the goals and objectives of the City of Carlsbad's
Housing Element, the Consolidated Plan, the Inclusionary Housing Ordinance, and
6 the Carlsbad General Plan.
7 3. The project will provide a total of 10, for-sale one and, three bedroom attached
condominium units affordable for purchase to households at 50% or below of the
county median income which meets a "medium priority" affordable housing need as
9 outlined within the City of Carlsbad's approved 2000-2005 Consolidated Plan. The
project, therefore, has the ability to effectively serve the City's housing needs and
10 priorities as expressed in the Housing Element and the Consolidated Plan.
11 4. That based on the information provided within the Housing Commission Staff Report
and testimony presented during the public meeting of the Housing Commission on
March 9, 2006, the Housing Commission hereby ADOPTS Resolution No. 2006-03,
13 recommending APPROVAL to the City Council to provide $200,000 in financial
assistance for the very low income buyers purchasing 10 affordable one and three
14 bedroom condominium units to satisfy the requirements of the Inclusionary Housing
Ordinance for The Bluffs development. Funding for the down payment assistance
program shall be provided from the City of Carlsbad's Housing Trust Fund.
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HC RESO NO. 2006-03
PAGE 2
5. That the Housing Commission recommends that the City Manager or his designee
be authorized to prepare and execute the borrower loan documents subject to
review and approval by the City Attorney and/or Special Legal Counsel.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing
Commission of the City of Carlsbad, California, held on the 9th day of March, 2006, by the
following vote, to wit:
AYES: BODDY, RITCHIE, SCARPELLI, SCHRAML, AND SMITH
NOES: NONE
ABSENT: NONE
ABSTAIN: N/A
EDWARD SCARB^LLI, CHAIRPERSON
CAR/SBAD HOUSING COMMISSION
DEBORAH K. FOUNTAIN
HOUSING AND REDEVELOPMENT DIRECTOR