Agenda - 05-10-2016 - 1 - Discussion of the Proposed Orange County FY 2016 - 2020 Affordable Housing Strategic Plan

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Attachment C 11 Excerpt from April 5'2016 BOCC meeting F. Proposed Orange County FY 2016 -2020 Affordable Housing Strategic Plan The Board received the Draft of the Proposed Orange County FY 2016- 2020 Affordable Housing Strategic Plan. Bonnie Hammersley said the objective this evening is to do an overview of the presentation, and a more in depth conversation will occur at the work session on May 10. Audrey Spencer Horsley, Housing, Human Rights, Community Development Director, reviewed the following information: PURPOSE: To receive the Draft of the Proposed Orange County FY 2016- 2020 Affordable Housing Strategic Plan. BACKGROUND: This Proposed 2016— 2020 Affordable Housing Strategic Plan (AHSP) has been developed as the County's vision for addressing affordable housing needs over the next five (5) years. Affordable housing is a foundation for achieving self-sufficiency and promotes stronger, more inclusive communities. The Orange County Board of Commissioners met on January 29, 2016 for an annual retreat. In reviewing the previous six goals the Board has used since 2009, affordable housing was a high priority under Goal 1: Ensure a community network of basic human services and infrastructure that maintains, protects, and promotes the well-being of all county residents. The Board stated that there be a priority for decent, standard housing options for all residents regardless of household income level and that funds be used to develop a targeted number of units (set numerical goal), especially rentals. The AHSP addresses this priority of the Board. The AHSP analyzes the current rental and homeowner housing market, examines housing market trends and economic trends, specifically in relation to household income and identifies the widening gap between needs and affordable housing countywide as well as public policies and actions affecting affordable housing in the County. The AHSP identifies goals for the next five years, and proposes strategies and opportunities to meet those goals. In order to begin to meet the need for affordable housing in Orange County, particularly residents who are most cost burdened at 30% to 50 % median income as discussed in the AHSP, the ASHP has an overarching shared countywide goal of creating 1,000 assisted affordable housing units in five years. The shared countywide goal of 1,000 assisted units are to be provided through acquisition, construction, urgent repair, assisted housing, and rehabilitation of the existing housing stock over the next five (5) years. At least 500 of those units are recommended to be new assisted rental units that do not exist today. They would be created through the planned November 2016 $5 million bond referendum for affordable housing. Of those 500 new units, twenty-five to thirty percent (25%-30%) will be targeted to serve extremely and very low-income households, at or below 30% —50% of median income. Another twenty-five to thirty percent (25%-30%) of the new units would be targeted to serve special needs populations including the homeless, persons with physical and/or mental disabilities and older adults. The remaining 500 units would be units provided for individuals and households that are at or below 50-80% of median income for the County and would include rental and homeownership units. The AHSP has identified ten goals with strategies provided for each goal and action and recommendations to implement them. The thirty-three: Actions (A)/Recommendations(R) are listed with each goal and set of strategies. Those numbered with (AR) are Actions/Recommendations staff is requesting to pursue immediately and or require funding