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HomeMy WebLinkAbout08/18/15A. B. -WR.nA Wheat Ridge Housing Authority Minutes of Planning Session August 18, 2015 THE MEETING TO ORDER The meeting was called to order at 4:00 p.m. by Chair Thomson in the Second Floor Conference Room of the Municipal Building, 7500 West 29 Avenue, Wheat Ridge, Colorado. ROLL CALL OF MEMBERS Authority Members Present: Thomas Abbott Chad Harr Janice Thompson Jennifer Walter Authority Members Absent: Tracy Langworthy Also Present: Lauren Mikulak, Senior Planner Kenneth Johnstone, Community Development Director STRATEGIC PLANNING SESSION Ms. Mikulak provided a summary of the memo that had been included in the agenda packet. She summarized the history of the Authority, the funding changes in recent years, and the reasons for strategic planning. Staff recommended three possible options for moving forward: A) continuing a single family rehab program, B) partnering with a developer to provide affordable housing, and C) providing grants or loans for low-income homeowners to complete repairs. Mr. Abbott suggested that option A not be considered because it is no longer a viable program. Option B could be a worthwhile investment. Option C will require more information; Wheat Ridge 2020 has a similar program, but he expressed hesitance to partner with them before doing more due diligence. Housing Authority Minutes August 18, 2015 Mr. Harr inquired about creating a multi -family inspection program. There was some discussion about this type of program and whether it was more appropriate for WRHA or the City to create such a program. Mr. Johnstone indicated that Council has considered such a program several times in the past, and it would likely need to be the City that manages a registration and inspection program. There was general consensus that it is unlikely that WRHA has the authority or resources to execute such a program. Ms. Walter asked for more details on the City's current neighborhood cleanup programs, and Ms. Mikulak described the role of the Community Services Unit. They frequently refer residents to entities who can help with repairs. Jefferson County Housing Authority (JCHA) and Brothers Redevelopment have funded home repair programs for low-income households. Chair Thompson suggested it may be appropriate for the Authority to enter a period of reduced activity. She observed that there is no pressing need to determine a new direction at this time. This would allow the Board to focus on Fruitdale and consider all options. Mr. Abbott observed that the real estate market is cyclical and agreed that it may be appropriate to refrain from new programs immediately. There was some discussion of recent market changes and whether it would ever be realistic to renovate single family homes again. Chair Thompson asked why new multifamily units were necessary if the City already has a high rental rate. There was discussion of the lack of new multifamily units and the lack of new affordable products. There is a lack of modern housing options in the City, particularly near public transit, including Wadsworth, Kipling, and at the future TOD area. Mr. Abbott expressed interest in Option C. There was discussion of how liens can be placed on a property to ensure a loan is repaid. Mr. Harr asked for more explanation of Option B. Mr. Johnstone explained that funding gaps are common in affordable housing projects. A few hundred thousand dollars can make or break a project. There was further discussion of Option B. Chair Thompson expressed reservations about spending the Authority's remaining funds without any way to replenish the funds. Housing Authority Minutes 2 August 18, 2015 Mr. Harr expressed interest in partnering on a development and referenced other interesting projects such as Town Center North—the age and income restricted project by Wazee Partners—and development near RMCAD in Lakewood. Mr. Harr also indicated that Britta Fisher, Executive Director of Wheat Ridge 2020, may be a good resource as she also sits on the State Housing Board. There was additional discussion of Option B and C. There was consensus to ask Britta Fisher for her ideas related to Option B and to the Authority's strategic planning in general. There was consensus to explore Option C and to understand how similar programs are operated, such as those run by JCHA, Habitat for Humanity, and Brothers redevelopment. It was agreed that a follow-up to the strategic planning session could occur later this year or in early 2016. Fruitdale would be the focus of the September meeting. D. ADJOURNMENT It was moved by Ms. Walters and seconded by Mr. Harr to adjourn the meeting at 5:45 p.m. Motion carried 4-0. Next regular meeting is scheduled for September 22, 2015. 3 cow Janice Thompson, Chair La ren Mikulak, Recording Secretary Housing Authority Minutes 3 August 18, 2015