The URL can be used to link to this page

02-426� (�C�S�` lT �1a� / a e'or�:orV Ve.�s.�.- a o� � �- � ►0�f�+ Referred Council File # 02-426 Green Sheet # 110928 a� 1 Resolution Endorsing Saint Paul Housing Production Plan 2002-2005, Establishing the Miaed Income 2 Housing Fund and Authorizing the Use of STAR Funds for Housing 3 WHEREAS, the City of Saint Paul is committed to the production of 5000 housvng units over the next four 4 years, at least 1000 of which will be affordable to households with incomes below 50 percent of the re ie onal 5 median and half of those affardable to households with incomes below 30 percent of the regional median, (the 6"Project") which is further described in E�ibit A; and 7 WIIEREAS, it is necessary to establish the Project, called the Saint Paul Housing Production Plan 2002-2005 8 within the City's Capital Improvement Budget; and 9 WHEREAS, the Mayor and City Council support maacimizing the use of City funds to complete the Project by 10 leveraging funds from other govexnment agencies, non-profit organizations, foundations, private lenders and i l developers; and 12 WHEREAS, the Mayor and City Council support the use of STAR funds for the Project; and 13 WHEREAS, the Mayor and City Council wish to establish the Mixed Income Housing Fund, as fiirther described 14 in E�ibit B; and 15 WHEREAS, the Mayor and City Council are committed to meeting the guidelines for the construction of lower- 16 income affordable housing inciuded in the Housing Plan, a chapter of the Saint Paul Comprehensive Plan, in 17 completing the Project; and 18 WHEREAS, the City Councii supports the study of new models for affordable housing production ar�eqttests 19 �` 20 ; 21 NOW, THEREFORE, BE IT RESOLVED that the Saint Paul City Council hereby endorses the Saint Paul 22 Housing Production Plan 2002-2005 for the production of 5000 units, at least 1000 of which will be affordable 23 to households with incomes below 50 percent of the reeional median and half of those affordable to households 24 with incomes below 30 percent of the reeional median. attached as E�ibit A; and 25 BE IT FURTHER RESOLVED that the City Council approves the creation of the Mixed Income Housing Fund 26 and ' the definition of eli�ible uses for STAR funds within the MiYed 27 Income Housine Fund attached as E�ibit C; and 28 BE IT FURTHER RESOLVED, that the City Council 30 � ba-ya� - �- � 1 � � .1 �' � .� - - �� .. . �v. � � - 11 11 �- '� � - ' � - . � -� ' ' � � � .�� . � � ' ' � - 11 � .� ��. : - - - - - :...:.:..... . ' ` - - -- • J � �i�r:.�:r+� • �i.�si:��'i��: " ' _ " _ ' Si�iai��iuda:� • . �� " _ " _ �:�.:. � Y_ � J i '��as� - , . _ • �11�• _ ' _ ' _ _ _ . �a�,:�.:.�:... R:,a:..:.y� ' _ __ _ ' _ ' _ _ _ _ ' " _ � 9 BE I"I' FURTHER RESOLVED, that the City Council authorizes any waivers from the Neighborhood STAR 10 Guidelines nrovided that those waivers aze identified and discussed at the time the nroLct is presented to the 11 Neighborhood STAR Boazd and the City Council 12 ' ; and 13 BE IT FURTHER RESOLVED, that among the criteria for selection of projects to be financed through the 14 ixed Income Housin Fund should be consistenc with the Saint Paul Com rehensive Plan's policv related to 15 _ e disversal of affordable housine throuehout the citv: and �k� l �.� � �� . 1 .. . . BE IT FINALLY RESOLVED that the Ciry Council requests the Saint Paul Denartment of Plannine and Economic Development (PED) to prenaze a report by Sentember 30 2002 on the roossible use of land trusts and essential fixncrion bonds to fmance the production of affordable housine Requested by Department o£ � Form Approved by City Attomey Adopted by Council: Date �.a a a— \ Adoption Certified by Council Secretary � Approved J� Mayor. � � Approved by Mayor for Submission to Council _ � _ � ' . i (� � / � r � � � � � � � �/ � i �°, /. � • � �'�/ ♦ O'a--y�b ATTACHi��NTS TO RESOLUTION EXi3IBIT A- Execurive Suxmnary and Attact�ments to Saint Paul's Housing Production Plan 2002-2005 EXE3IBIT B- City of Saint Paul Mised Income Fund EXHIBIT C- Eligible uses of STAR within the Mi�ced Income Housing Fund Da-�ta� Each� it D (Introduced as new text at 5-22-02 Council discussion.) y J �� U � The Ma r, pursuant to Section 10.0�.01 of the City Charter, does certify that there aze revenues, excess of those esrimate in the adopted 2001 capital projects budget, available r The Mayor reco�cnends the following changes to the 2001 budget: Current Budget 2001 FINANCING PL 930 City Sales Tax Find: 90306-9830 Use of Fund Balanc 90305-6602 Interest on Investments 90306-6602 Interest on Investments 90305-6922 Repayment of Loans 90303-7304 Sales TaY Proceeds Transfer Total Financing Plan 2001 SPENDING PLAN 930 City Sales Tax Find: 90306-0547-77126 Neighl Inveshnent Initiative Pro� 90306-0547 - New # St. Police Patrol Stable: Mounted All Other Approved Total Speuding � $400,000 $267,0� $0 $ 731,413 $0 $0 $0 Amended Budget $2,731,413 $400,000 $267,000 $1,266,000 $1 $0 ,428 + $2,731,413 $1,513,281 $0 $10,526,147 $12,039,428 $14,770,841 $2,450,000 $3,963,281 $ 1,413 $281,413 $10,526,147 $2,731,413 $14,770,841 The City Co il, after considering the Mayor's recommendations, approves the abo changes to the 2001 daet. The Ci Council waives the current STAR Guideline requiring a private-sector dollar matc ot any ty-owned capital improvement financed in any of the City's seven wards through the fle ble and responsive Neighborhood Investment Initiative Program; and that the same private- ctor dollar match requirement is also waived to allow for STAR funding of the needed horse stable for the Saint Pau] Police DepartmenYs Mounted Patrol. oa - �! a� � CTTY OF SA1NT PAUL Randy C. Kelly, Mayor June 3, 2002 390 Ciry Hal! Te[ephone: 651-266-85I0 IS West Kellogg Bou[ee�ard Facsimile: 651-266-8513 Saint Pau[, MN 55102 � � �e0{.�.^.f �5°a:'C�i v?�"'iB Council President Dan Bosirom and Saint Paul City Councilmembers 310 City Hall Saint Paul, Minnesota 55102 Dear Councilmembers: v:�?; � � 2aUG As a result of our partnership and shared vision of at least 5,000 new units of housing in the next four yeazs, I am pleased to inform you that I am signing into law historic housing legislation. This legislation—which commits $1 billion of public, private and non-private resources over the next four years -- will offer a strategic new opportunity to move Saint Paul well into the next decade. This shared vision will lend itself to a City that is vibrant, and provides affordable housing at all income levels for the future. At least 1000 of those units (20 percent) will be affordable to low income people who haue faced special difficulties in finding good, quality housing. I want to offer a special thanks to Councilmember Benanau for cairying the plan to the Council, and to all of the Council members for your support. As well, Council Members Coleman and Blakey appropriately focused the Council's attention on assuring affordable housing while working not to overconcentrate low-income housing in any one particular area of our City. We call our plan, 'Building a better community in a billion different ways." This plan means new construction jobs. It means new customers for our small businesses. It means new riders for public transportation on our transit comdors. It means stability and hope for school icids who now fall behind in the classroom because poverty forces their families to move from aparhnent to aparhnent. Passage of the housing plan would not have been possible without our housing partners, and we cannot cany out the plan without them. Cifies do not have the resources, alone, to assure sufficient housing production; we rely heavily on partnerships with foundations, 0 �� Saint Paul City Councilmembers June3,2002 Page 2 to get housing built; we rely on partrierships with builders, the faith community, neighborhood groups, and local development corporations. In proposing and passing this housing legislation, we are letting our partners know that we are prepared, with their help, to accomplish much more than ever before. This housing plan will be a legacy for generations to come. Once again, my heartfelt thanks for your support. While there is much hazd work ahead to accomplish our goals, let us join together now in celebration of this important commihnent, and resolve to work this plan to see that our goals are met. On an unrelated matter, pursuant to my authority under City Charter section 6.09 (item veto), I am vetoing the purported Capital Improvement budget amendment offered by Council Member Harris to the Housing resolution. The Harris amendment purports to allocate STAR dollars to the Neighborhood Inveshnent Initiative Program and the St. Paul Mounted Police Patrol Stable. I am advised by the City Attorney that the part of the resolufion offered in Council Member Harris' amendment is void and unenfarceable because it was adopted in violation of the Charter and the Administrative Code. I am vetoing this provision to make clear my intent not to implement it. However, even if I were not vetoing it, and even if the Council purports to override the veto, I am advised by the City Attorney that I cannot carry out the amendment in any event. The City Charter requires me to see that the Charter and the laws and ordinances aze enforced (Charter 3.01.1). This veto is not just about process. And, it is not just about the law. This veto is also about fiscal accountability and responsibility. The nearly $3 million of STAR funds -- attempted to be allocated in the Harris amendment -- must still be accounted for through the various checks and balances that the Council and Administration have supported throughout the years. This check and balance includes the Neighborhood STAR Boazd and its processes that recommend the allocation of such fixuds. The need for fiscal accountability and responsibility is not inconsistent with the pressing needs in our City's neighborhoods. This Adtniuistrarion supports your concerns about those needs. I lrnow you share our concerns about the need to retain the kind of controls that are critical to maintaining integrity in our budget system. This veto does not diminish my shazed concerns about how we can ensure adequate resources for important projects in our neighborhoods. The process for how we accompiish this is critical. oa-4a� Saint Paul City Councilmembers June 3, 2002 Page 3 Council President Bostrom and I have discussed an "opportunity fund" that could be created, and maintained, in the City's Department of Plauniug and Economic Development. While the fiscal controls and details of this fund would have to be worked out, the idea would be to create a fund that could be accessed at those times when unique real estate opportunities in our City present themselves. These opporhuiities might be an abandoned business, a problem property or some other situation that offers a short-term window upon which to act. This opporiwuty fund is something I would be willing to work with you to recommend to the Neighborhood STAR boazd for creation and funding. I am also prepared to meet witl� you to discuss those addifional pressing needs you have identified 'm your Ward. I am confident that, worldng within the Neighborhood STAR guidelines, and other thoughtful ways, we can find the necessary resources to address many of the issues you have identfied in the City. Over the next week or rivo, I hope to meet with each of you individually to discuss these issues. I believe we have common goals and objectives for this City. It is my hope that where we may haue differences of opinion on the specifics of the Harris amendment, we can find areas of commonality on matters affecting our neighborhoods. Again, thank you for your leadership on a historic housing plan for Saint Paul. Ex(�rb��" i4 0"� -�i> S� Saint Paul's Housing production Plan 2002-2005 Egecutive Summary FOUR yEARS _ 5 000 iJ1VITS 1 Billion "We have a good, solid horssing plan that requires refocused resources and the commitment of our partners. " — Mayor Randy Kelly O�-_L1�4 The City of Saint Panl is committed to providing 5,000 Saint Panl honsing nnits during the neat fonr years. T'his $1 billion, fonr-yeaz, 5,000 nnit pnblic/private pIan will enable ns to reach this goaL This plan will: • Provide 5,000 units of housing during the ne� four years. • Refocus our use of STAR funds for housing and Create a Mixed Income Housing Fund to strategically finance our housing activities. • Strengthen and expand the City's housing development parhiership and make it more effective and efficient. • Maintain the City's "all incomes" housing policy. • Maintain the City's "20% polic}�' for low income affordable housing. • Preserve e�sting, publicly supported affordable housing units. ' Maintain our commitrnent to residential rehabilitation and maintenance of our aging housing stock. The City's commitment wili take many forms: • Large, visibie projects in our residential and downtown neighhorhoods. • More housing along transit corridors. • Culturally sensitive senior housing. • Vertical expansion in our downtown neighborhood. • Arid more. This pIaa will a�low the Czty �a: ' Maintain its population growth, • Increase its ta�c base, • Support increased economic development activity, • Revitalize the City's housing stock — in our downtown, riverfront and residential neighborhoods, and ' Enhance our quality of life. The Mayor and City Council will engage the broader community in the implementation of this pian. The Gity wili secure the support of the City's traditional housing partners — including private, non-profit, foundation and other public partners. In order to capitalize on tLe billion dollar investment opportunity before us, vee must: • increase the participation of developer, lender, corporate and foundation leadership in housing production. • Engage our public federal, state, regionat, locai and neighborhood partners in the unplementation of this plan. • And seek $20 million to fitnd a low-interest revolving loan fund, `� b�.-V� In order to encourage onr partners to fand this revolving loan fnnd, the Mayor and City Council will nse $20 million of Neighborhood STAR fnnds for visible, high-impact honsing projects over the neat fonr years. This plan is based npon: • The City's need for more housing at all income levels. • The supply aud demand for affordable housing in Saint Paul. • The benefits of a comprehensive housing pl�, �d • The best way of financing this plan. This plan has the following components: • A goal of completing 5,000 units in four yeazs — not just work on individuai projects. • A list of all housing developments that we aze currently aware of in Saint Paul. We looked at everything _ from single houses to lazge riverfront housing plans, ' An assessment of when projects will be ready to develop. • An assessment of what types of housing axe needed, but have not yet been planned. • An assessment of how all of these components fit together in a single strategy. Saint Paul is an affordabie City to those who live and work here. • Census data show that Saint Paul is a strong middie class city with a particularly affordable housing supply, • Saint Paul has the hip,hest median income of the so-cailed "frostbelY' cities and lower than average housixeg cos*s. • These are important competitive advantages and it is critical to maintain and enhance these advantages. ' And, they underscore our need to maintain an °`a11 incomes housing policy'> �yhi�e Providing an adequate supply of housing that is affordabie to low income families. Saint Paul has a tradition of providing a s;gnifi��t amount of publicly assisted affordable housing to low income families and this plan builds on that tradition. It is a solid workable pian and it will: • Significantly increase the supply of housing over the next four years. • Increase our taY base. • Provide additional purchasing power for City businesses. • Allow us to maintain our popul�on growth. • Maintain an adequate supply of housing at all income levels. • Revitaliza Saint Paul's downtown and residenrial neighborhoods. • Keep our existing housing stock in good shape, ' And, maintain Saint Paul as an affordable City. fc3 ba-� y a� At the center of this glan is a broadly based, fle�ble fnnding mechanism that will a�ow us to: • Focus our attention on major, visible housing projec#s. ' Maximize production and m;»;,,,;,e needtess conflict. • Reduce red tape between and among our partners. • Engage the entire community in the production of new housing. ' Maximize the efficient use of human and financiai resources. ' Maximize the effeciiveness of our housing partnership. Althongh this plan is aggressive, it is realistic: • It identifies enough sites. • It ideniifies enough projects. • It identifies the necessary fivancing, • It is a thoughtful plan that covers four years, It identifies enough sites for more than 8,000 additional units of housing. So, we have room to spare. This plan includes projects in every area of the City: Our first year plan is ready to go and we are ready to impiement it. In addition to the 2002 plan, we have also identified projects totaling more than 5,000 units that are expected to ge! sgd�r�vay � f�;�pE years. These units will be underway in years two, three and four of this plan. Some of these projects will prove anfeasible and be dropped from this list while others will be identified and added to this list. All together, these projects represent a total investment of more than $I billion. A thougLtfnl production plan calls for an eqnally thoughtfui business plan and we have such a plan. Our business plan is built around these core concepts: • The City is increasing its financial commitment to housing. • The City is asking its partners to do the same. ' The Ciiy will maximize private sector leverage. • The City will refocus the way Neigl�borhood STAR funds are used in order to actively undertake several highly visible, lazge-scale housing developments. ' 'The City wiIl create the Mixed Income Housing Fund. 0 ��- -�a-co In preparing this plan, the first step was to maY;mi�e the amonnt of City and HRA money that conld be made available for housing activities. The plan provides $60 million of Cify/HRA fnnds that will be made available over the neat four years. In addition to these amonnts, the City/HRA will provide an additionai $90 million throngh tas increment financing. Together, the City/I�2A will make available a total of $150 million dollars for housing development and preservation purposes. Based on past efforts, the plan establishes a target of raising $30 million from the City's housing partners. These sources include: • Additional federal sources • State sources (NIIiFA and DTED) • Regional Sources (Metropolitan Council) • Philanthropic sources (Family Housing Fund, foundations, etc.) • Private sources (banks and major corporarions) • Other locai sources (Public IIousing Agency, Ramsey County) And, we are going to ask our public and private partners to match our $20 million STAR commitment for an additional $20 million for a new low interest revolving loan fund. In addition, the City will utilize about $150 million dollars worth of housing revenue bond proceeds and Low Income Housing Tas Credit proceeds. And, these funds will generate $ 650 million dollars of private sector leverage in the form of mortgages and other financing iustruments. This One billion dollar effort will provide for more than 5,000 units of housing in Saint Paul. STAR is the key portion of the City's commitment While the City will maintain existing Neighborhood STAR processes, the City will use 60% of Neighborhood STAR funds for high impact housing projects. The Mayor and City Council believe they should take a more active role in nsing STAR funds for housing. To effect this STAR program change, the City will: Maintain existing STAR processes and work within existing laws. 5 ba��ta-G ' By City Council resoluhon, require that at least 60% of STAR fimds be used for housing production. • Earmark these funds for high impact housing projects. The City will snbmit a detailed proposal to the STAR board dnring the 2002 cycie. R'e g'ill aiso seek the support of onr honsing partners for our proposal and this approach. In addition — as a true partnership — we must: Secure mutual support for: • Cutting red tape, ' SimPlifying processes and procedures, • Reducing h�ansaction costs, • Better matching resources to opportunities And, we need to change the way we do business: • Focus more on results and spend less time on unproductive activities. • Simplify and streazuline all housing production processes. • Develop a common language and a shazed set of worldng assumphons. ' Increase the efficiency of our staff and seek the same from our partners. • Increase the efficiency of our financing processes. In summary: We have the opportunity — along with o�. p��. — of maldng a$1 Billion investment in our City. We have a comprehensive plan to provide 5,000 units of housing during the next four years. We have a plan for strengthening our housing production partners]up, Now, IeNs work this pZan. C� �xl�'�be+ 13 r-__--_ oa'� a � m F m X W � � � � � � N 7 O 2 C G1 G V C L X � R a � � y O a v N � O N 0 N i. r 0 a=_ N m O� v N � c v � o `-_°o �c aa c a 2= ° o W 9 @ dt 3a d d V C O � d= � � d 2 d ° co av U ? �° O � O � >a N N 9 11 � C 9 — � O a 0 � U� = m U - m �_ °°� a�_ i � � � a � N- a - a - 0 a g: - =� o � m ao � z� m a� __ m�, �� .� - - = n _ c � 0 3 � m IL� �� ti C � q am am t E � - 10 a ° �o, E � IL y� � N F y. a V >, v a � m U 2 @ d a A N F�' C � y �= � xn w a � mY _ 91 C C W _ m 2 T 00 _ �3s $c m _o a� m c9�..`vo mmuc° I � o c ' m�» �t `o,o � � m � o R E i d � o" E A m ' `� �� mU N � 0 . O��yO OLpN � Y O � O q C Cp0 N=d aN p� � � j N u O a 3 F o w � o w 6a�w �a�yt �ILTOL — 0 � m � E Z wE �'�"`o o E °e w 3 v 9 � 0 C C V '�cYda a ; = — d ` C `Q�� IL�Im�K �CO w U 9 C O i c � - oA' o m o ° c - ° a�`a' »;=_a< 0��'Z Z � N M P c ti 0 E rv n o a-'�� Exhibit C Eligible Uses for STAR Funds within the Mixed Income Housing Fund Neighborhood STAR funds allocated to the Mixed Income Housing Fund (MIHF) may be used for the following activities associated with high-impact housing projects within the City of Saint Paul: 1. To guarantee loans approved by lenders for construction period or permanent financing. 2. To originate loans for construction period or permanent financing. 3. To acquire land and complete demolition or relocation necessary to prepaze sites for development. 4. To provide gap financing for projects with extraordinary development costs� attention to and consideration of those costs associated with creatin¢ affordable housine units. High impact nroiects are those proiects that: 1. Address a significant housin�policy objective, 2. Meet a significant community need or priority, and/or 3. Meet a significant neighborhood need or prioritv. This definition of high impact proiect is not intended to exclude small scattered-site oroiects. The projects themselves will be selected in accordance with the Saint Paul Housing Production Plan 2002-2005. STAR funds allocated to the Mixed Income Housing Fund will be leveraged with a ratio of at least $1 to $1 in matching funds. Because it is a flexible City resource, STAR fixnds will be committed only after more restrictive funds from other City sources and from the City's housing partners have been exhausted for an individual project. Anv re�avment of MIHF funds will be returned to the fund and used to finance additional housin� nroduction in a manner consistent with the euidelines outlined above. In the event that the MIHF is no loneer needed, the remainine fund balance will be returned to the ori¢inal STAR account for reallocation for STAR-eli ibe le expenditures. �_�_h:i�_;.-�- �- --- :- 11 �S, the Mayor recommends the following changes to the 2001 budget: 12 13 14 2001 FINANCING PLAN 15 930 City Sales Taac Fund: 16 90306-9830 Use of Fund Balance 17 90305-6602 Interest On Investments 18 90306-6602 Interest On Investments 19 90305-6922 Repayment of Loans 20 90303-7304 Sales T� Proceeds Transfer 21 Total Financing Plan Current Bndget 0 400,000 267,000 1,266,000 10.106,428 12,039,428 Chan�es 2,731,413 0 0 0 0 +2,731,413 22 2001 SPENDING PLAN 23 930 City Sales Tax Fund: 24 90306-0547-77126 Neighborhood Investmen� Initiative. Program 25 1,513,281 2,450,000 oa�ya� �� = - -=��e`�Y`' - � Amended Bud¢et 2,731,413 400,000 267,000 1,266,000 10,106.428 14,7'70,841 3,963,281 26 90306-0547-New # St. Paul Police Mounted Patrol Stable: 27 0 281,413 281,413 28 All Other Approved Spending 10.526.147 0 10.526.147 29 Total Spending Plan 12,039,428 +2,731,413 14,770,841 30 AT8`�L�'G18F RF TT uFen; � n'n'+ that the City Councii, after considering the Mayor's 31 recommendations, appro�es the above changes to the 2001 budget; a a �:+ � r ��/ � -- --- ►-� � ��e�c� ��=��_�:��ti�£.�-��=-�Y�,��_�_��. �_� e � ��C� 'Le p,. �i��:� �'��`��,`�`�,:��=�= �'�-� • � � �-�'�.,.£� pg ��a��v " ��:� � � + :�� . "+��=�^.�%:� .+ `= � � c A � �-.0`-.�'�� l �s�� i � Lv 'V�'�.4'' VaL �`a� �\� vJ�cJ-e� � �'v� J. �`-,�.� � � 4 �. - - .. � __."� ..��__.. ..k v-'". �-"� �.�.; -;....�,- ,...� - _ .. , r ' Y'. :ij�.l-;i,�4 . ' , ) AEPARTMENT/OFFICE/COUNCIL: DATE INI'CIATED GREEN SHEET NO.: I lO9ZH Plauuing & Economic Dev. 5/6J02 ba-4as. CONTACI' PERSON & PHONE: � m177aL/uA1'E iM�flnunA'i'E BobGeurs 266-6653 z ranDUx�crox 6 cirYCOUrrca, MUST BE ON COUNCII. AGENDA BY (DATE) �IGN 3_C['IY ATTORNEY� CITY CLERK S�1 S�OZ NQMBER 4 ��'CIAL SERV/ACCTG 1_ BOB GEUAS FOR 5 MAYOR (OR ASST.) ROi)TING (Lay over until May 22) ORDER TOTAL # OF SIGNAI'URE PAGES _(CLIP ALL LOCATIONS FOR SIGNAT'ORE) ACTION REQUESI'ED: Resolution endorsing St. Paul Housing Production Plan 2002-2005. Establishing NliYed-Income Fund and use of 60% of STAR funds for Housing (Submit for May 15 - lay over until May 22). RECOMMENDATIONS: Approve (A) or Rejea (R) PERSONAL SERVICE CONTRACPS MUST ANSWER TfIE FOLLOWING QUESTIONS: PLANNING COMMISSION 1. Has this perso�/fiIm ever worked under a contract for this department? CIB COb1MI1TEE Yes No CIVIL SERVICE COMMISSION 2. Has this person/firtn ever been a ciry employee? Yes No 3 Does this person/fian possess a skill not nonnally possessed by a�y curtent city emp(oyee? Yes No Explain all yes answers on separate sheet and attach to green sheet INITIATING PROBLEM, ISSUE, OPPORTUNITY (Who, Whay When, Where, Why): Mayor and City Council priority to increase housing built in the City over the next four years and committment to establish 60% of STAR funds for assisring in fmancing $1 billion plan. ADVANTAGES IFAPPROVED: �_.aww� �ai�`'�� d`� lJOla�'• More housing for St. Paul residents. �q =,u 4 v L � A j X C9 � DiSADVANTAGES IF APPROVED: None known. DLSADVANTAGES IF NOT APPROVED� Insufficient financial commitment to complete priority. TOTAI, AMOUNT OF'I'RANSACITON: No budget yet. COST/REVENIIE BUD6ETED: FUNDING SOURCE: ACTIVITY NUMBER: FINANCIAI, INFORMA'A'ION: (EXPLAI� K��Slwed�Ped�P[JLVFA\amsh[I10928 geurs O50]Oi.wpd oa--wy� Saint Paul's Housing Production Plan 2002-2005 FOUR YEARS - 5 000 UNITS 1 Billion "We have a good, solid housing plan that requires refocused resources and the commitment of our partners. " — Mayor Randy Kelly BUILDIN6 A BETTER t�V U�t N7 � ina 6dron , differem ways oa-ya� Saint Paul's Honsing Production Plan 2002-2005 Table of Contents �1 Billion Dollars �pie chartj Pubiic-Private Leverage [pie chartJ Housing Partnership [chanJ 2002 Neighborhood STAR Tentative Schedule Housing Facts Sheet Housing Affordability (definition) Single Family Housing: 2001 (mapJ Publicly Subsidized Housing: 2001 �mapJ Goals (chartJ 2002-2005 Housing Projects [ZistJ 2002 Housing Projects [mapJ 2002-20Q5 F3ousing Projects [mapJ � � N \ �: � �./ ❑ J � J L � X � ❑ .7t .^ '.V� ^ .i .� � / J � :�` � s W z r :J � :.. I] ..� � f � M 5t � r •� � J y � � :� :� /: :J :�. � : � 7� .v :� � ^:r r �� N � C J� � O �C �5 � M � �^ �� 1 rti ^ � tf'i � , N b.Q cc� � 4� � N � 4� �--� � � •� � U . ,..� ,--� � � � � � � O . �--, � . r .., � � H � 0 � s � c � i � � r.. U ❑ � C � i J c � x �C F-� ❑ b� C .^ J c � _ w � � _ � �X iT� L y � � L � a ❑ � � Z V; i, y c � L C6 a ❑ x � � � 'a C 0 Qa � � � � xU � s. � J y � L/� � � � :a � y � y aa 0 � � � c ii D a-�a� . . � � � � � � C� � � � .� � � � C/1 � � � � � � � . ,..� c� � �. � U � � � v� : � �a a � �� o� �. � �, � �� o a Z U H � �a U � � � U � � QI �r �'q ��,y � � .-� a 0 �'. � _'" C� � � G� � . � .� � � �-I--� � C� � � . �..� C� � � r--i CC3 b,Q � • p..� t � ' ^ 4� � oa- y�c� 2002 (Cycle 8) Neighborhood STAR Large Loan & Grant Program Tentative Schedule Orientation Application Deadline Applications to Board Members STAR Board Meeting Bus Tour Staff Reports due Interview dates STAR Board Meeting STAR Board (ranking) Meeting City Council Agenda Mid-May, 2002 Mid-Jufy, 2002 Late-July, 2002 Eariy-August, 2002 Mid-August, 2002 Late-August, 2002 Early-September, 2002 Mid-September, 2002 Mid-Late September, 2002 Mid-Late October, 2002 oa-Yac� Saint Paul Housing Facts Sheet PooU�ation Population Population in Households Average Household Size Minority population Population Age 65 or Older Housing Units Housing Units Occupied Housing Units Owner-Occupied Housing Units Renter-Occupied Housing Units Unoccupied Housing Units Housing Units Built �939 or Earlier Housing Units: Single Family Housing Units: Duplexes Housing Units: 3/4-plexes Housing Units: 5+ Uni1s per Structure Average sale price - single family homes Average rent--t bedroom unit Average rent--2 bedroom unit Housino Affordabiliri Perce�t of Owner-Occupied Households Paying <30°Jo of Income for Housing Percent of Renter-Occupied Households Paying < 30% of Income for Housing Note: `= 2000 data from "Supplementary Survey,"not yef official ten-year Census data public�y-ASSisked Afforda6le Rental Ho�sina Number of Publicly-Subsidizied Rental Units Number of Households Receiving Rental Assistance Total Number of Assisted Units and Households Percent of Housing Units See 6ackside for definition of affordable housing. Units ProducedlUnits Demolished Units Produced Units Demolished Netchange CirilHRA ActiviN City/HRA Direct Funds Total Housing Investment 3/28/2002 Sources: US Gensus, Saint Paul Area Associa6on of Rea1Mrs, GVA Marquette Advisors, HUD Consolidated Plan Inventory of Publicly- Su6sidized Housing, PED, L1EP '1990 272,235 261,961 2.38 53,485 37,412 2000 287,151 275,955 2.46 19.6% 503,253 36.0 �3.7Yo 29.647 10.3% '117.SS3 '116277 '110.249 'I'12.'109 59,47� 53.9% 6�,464 54.8% 56.776 46.1 50,645 45.2% 7,334 6.2% 3,604 3.1% 55,094 46.9% 60,754 5'1.7% 11,460 9.7% 5,982 5.1% 39,387 33.5 $139,900 (2001) $681 (2001) $844 (2001) 81.7% 54.2% '1999-2001 1,32I ?�Z 1,054 Yr Ave 440 $$ 35'I $37,999,000 $12,666,000 $338,607,000 $112,686,882 78.2% 72.4 % 10,036 3.625 13,661 17.7%a �a�ya� Aousing Affordability Housing is considered afFordable when gross housing costs do not exceed 30% of gross household income. Most govemmental prog the City-use the HL7D established metropolitan area median income to measise affordability. Currendy, the Twin Ciries metropolitan area median income is $76,700. The City's adopted housing policy is that a m;n;m� of 20% of housing unit producrion be affordable to households with incomes below 50% of the area median income, with half or 10% of the units be affordable at 30% of the median income. It is aclaiowledged that the producrion of ownership units affordable to households at the 30% of area median income level and below is extremely difficult and likely requires high public subsidies. In addiUon, home ownership is oftenrimes too costly for families at this income. Therefore, it is anricipated that the production of units affordable to families at 30% of the azea median income cvill be primarily rental housing. Income Limits Maaimum Gross Rents, & Estimated Purchase Prices Income Limlts "� Current Area Median Income = 76,700 % ofMedian 1 eLSOn ? erson 3 esson 4 ecson 30% 16,100 18,400 20,700 23,000 50% 26,850 30,700 34.500 38,350 60% 32,220 36,840 41,400 46,020 80% 38,300 43,500 48,950 54,400 I00% 53,690 61,360 69,030 76,700 Maximum Gross Rents �� LIHTC"� EFF 1BR 2BR 3BR % ofMedian 1 erson 1.5 erson 2 erson 3 erson 6 erson 4.5 erson 30% 402 431 460 518 i75 598 FMR"' S?4 674 862 1,166 50°o G71 7U 767 862 958 997 60% 806 861 921 1.035 1,I50 7,19� 80% 952 1,020 1,088 1,224 1,360 I,415 100% 1342 1,438 1.534 1,726 1.918 1,994 Estimated Purchase Priees "� % of Median 1 ersoo 2 erson 3 erson 6 erson 30% i1,500 58,800 66,200 73,500 50°0 85,800 98,100 11Q300 122,600 SO% 121,800 f39,000 156,400 173,900 I00% ]73.600 196,I00 ?20,600 ?45,100 p) Income limits for 50%, 60% & 80 % of inedian income are romded m neazest 550, all other hmits are not. (2) Maximum gross ren[s, inNuding mnt[act renss and tenant paid utilities, based on 30 % of e o5s household income (3) Esnmated purchase prices assume CiryLivmg 2001 mottgage program and FAA mortgage fivancmg @ 620%. All £gures rounded m nearest 5100. (4) For low income housing tax credit (LIR?C) projecu since 1990, rent calcuia4ons assume 1.5 personBR; 1 person = OBR or efficiencv. (i) FMR = HUD es�ablished Fair Marke[ Renu as of 08/37@007. 3/7/02 �� 0 � N .. � . � � � O _ � ■� � ! ` _ � � � � � ■ � � � � � � ■ � � W \'� _%'\ � � � Q 0 � _� NO N c � N� � Q � C C � � 3 �� p C � U�'o � a'�i �n = a� �`o� � � m i�i � N Q � Q�6 p � O �O� � (1J c � � � n C C n G\ .� Q Da-yar� � � O N � � . � N/ � O 2 � 4) N — � � � � C!) � .0 � � I�L � ^ � I..L �J � . � — I � w � � . a ° o y r o a p N t6 N 0 y � N "'' •V i � i y C � � y � � Q c o c o L U � M O� O� M O�f1 O � T 'a � � � � � �6 � N �N��C) �e-Nar��L U Q , + _� � �'Q . • = • �� U C 7 O U L � � � � � � o `� w °- a � � � m } a � c i� .� � N � �°a 0 - a N t� � � N QN L � � O a ` � � L (a G � � oa-��a� � O O N N O O N C � a O U � � O � L S" a F on � .� 0 x � � a A �� Q Q o� � o� e� ' .G� II � (�- � O N N � " N y , V w � N Q �p o � N O O N R� O� O �O O O �D 00 �--� O O T O O� � M O N iD Q� E r7 v vi vi �.y„ V 'C 00 �O O l� .-i Q � M M lD Vl �O O p G' V N lD N d' 7 M .� I� M t�l � 0 N o � o � � r e ° � � � e N �� M M N � f��I '� v w %� � � �� Vl I� N O O M V1 F I� N l� � Vl N � ti rl �N � � � � � pp �,Y y M M �O N O\ C �' N " � lD �O �D q �O t, x a a a O F" p O � O � O yi h � w � n � w '" A �. �. 4=, 1-� t� U " 1"i s" z p o � O � O '� �"' .0 � o � w�� z � c i Q d , a, O .n ou u U � a ' � � �^�. � " R'' `°'' a�+ C q �o °3 ' x � x >, � p a� � � W c �� '� a O O z O �C � w � C U U lJ � � = b b F �a ou 'G 0 x a" a" H a" �n � H � y .> U � � a "� 0 x � � 0 � o o � o � e d e o r o � e � O M N � pp u V '" �A C � ~ 0 O N � C p � p � p R �O V� �O l� F a " ri y � „�, �' �n � O M � O� � M O� l� e%� F a .�+ O N m o v� O O V1 0 d o l� N O O� e O � M M y C V M N O O N y � O � 7 � Fa b d v b 0 N O � O � � � .� R V � O `� p, s. � � � pp ,� O o N w � > � a ° � °' a on � � o = N W � • (yj U � u ^ � q! .- W y � R N N U G � � � � V � � � � E x � � � 4. � O � � � '. N O " w � � o � O y V] y b�A � O � o � O N M N 69 r• F." W � b � Q � � :� m' O � S �� 0. � O y � O p � b � a w � � � p � o b �w o� U � � A \ 0 � O °�° o � Y O � � N N Y .S7 W W O O �. \° � o � � y N ,� O � :: � � Y � � 3 o � � a � .�.i N 0 � Q �..) � � � � � H�� W � LL � �' 0 m Y � 0 w � � na-ya� N k 0 w � � O � 2 � y � = a � u � � �' c`a � U 9 `- O O 2 e R O � M y N V N � '6 O O r�"y � C 7 i O � L V O � d y ro C � � O � � F ti � � w � � � � d � b � w � p V O o 'C � O p l � � C .. � � � C � N tl = N � OD N w d r °' « � s o x F e � � m � -O � O � C � Q C e/a N i C � � � o E c�. am� eo °� � ro � � � � '« o � w � 0 p ° � m � � V 'w w w `� � N � � .0 y'� `a d � � � � � o C o '� m � � -- on m � C "O � �o r Q W Y .i: N N C « �f�_. � W � � o � � o a w o ,0 0 0� o � W O � av= .-: m � 0 U ' 'G N Z 0 e�i 0 M R Cl N � .0 W y O O G � O R � � � U � � O d � 0 � R O h N � m � m y eo � G --� `� w O y W � a y C "" � O W N L��i x � 3 � w � c�i .� o � $,,o w 'o '" o V U �. � C '^ o j, U � °' a � � � � � J i�i K O W N hl '�O U 3 h U 0 C a CS T r U 9 W C X N L ', h d O f1. � � 0 C O O U F i � C m � d � � a. 0 o e`> A .� .� O � O W N � O � G � � E i o � U N � en .°�. A Q 'V � a �3 O cJ � N � 3 � � � N v o � a y ^ o ^ T � � i '�O N w � N � � o .0 U u � k y W .. M J O N v oa-�� Saint Paul's Housing Production Plan 2002-2005, Housing Projects 7 No. No. PED Development Total Afford. @ Afford. @ Prqect ProjectName Description Location Cost Units 30% 50% Manager Amencan House ConveS�on of office builEing; rental Wacouta & fourth 51.583,000 t3 13 0 Wolfe, J. supportive hausing Ames Lake, Rose Hill Acqwsihon antl rehabihiation: ren[al Rose & Barciay 5922t.000 77 8 8 Peltiec G. (phase I supe2lockJ Arbor Pomte New conshuchon: se��or rental MarylanC & Dale 55,762,000 44 4 5 Sanchez. T. Ariington Ga�tlens New conSWCUOn: se�ior rental A�lington & Rice 55,243.000 50 50 0 Sanchez, T. EmeralE Park, phases L New consWC[ion: owners�ip Frdnklin & Emerdltl 53].865,000 164 0 0 Nortlquisq D. a Harvester Place New cons[mttion: rental F2nklin & Emerold 542.82t.000 2]0 27 54 Nordquist. D. Homes for �eammg New consWCtio¢ rental Euchtl & Surtey 54.006,000 16 5 11 Pemberton. S. c m E Johnson Liquor Site New consWC[ion; senior rental Johnson Parkway & 512234,000 1 t0 � � 11 Pemberton, S d Hutlsan 0 m Osceola Park New consWCtion: semor rental Osceola 8 St. Clair 511.477,000 87 9 9 Trulsen. J. > m � Passages New conslmction; ren�al supportive 1364 Wesl ]th 52.83d,000 t2 12 0 Sanch¢z. T. housmg Railmatl Islan4 phases 1 New consW<UOn: ownership Scatteretl sltes; Payne, 527.445,000 131 0 0 Pem�erton. S. 4 Minne�aha & Rivoli Reai Ufe Co-Op, phase � New constmclion; semor toopera6ve JohnsOn Parkway & 5�.328,000 59 6 6 Pemberton, 5 Prospenry Seiby Gmtto New construclion: re�lal Seiby 8 Gmtro 55,632,000 36 5 10 NordpmsL D. S[rouss Apartments Conversion of vacaN bwltling; renlal Sibley 8 East Sfh 510.000,000 49 0 25 Catlson, A. CDC actrvities New construchon antl rehab Scatteretl stes 54.762,000 89 0 89 Priva[e Secror New constmchon Scalleretl sites 52L472.000 125 SubtoWl SZ09,685,000 1,332 t50 226 it% 17% Ames Lake, Super K Acqwsition, rehabihtation antl new Barclay 8 Magnol�a 535,090,000 23t Peltier, G. (phase 2 superblock) constmction:rental Arundei Coop New constmction; senior cooperanve Aruntlei 8 Itlaho 54.124.000 26 Tmisen. J. Echo Housmg AcqwsiGOn, tlemolibo� antl new Scatteretl stes on 56,450,00� 63 Pemberton. S. mnStniMion: ownership antl renfal Marylantl anE While Bear Gateway Viilage New construchon; rentai Shepa�tl & Davem 574,906.000 661 Tmisen. J. � GatewayTrans�tHub Newconstmchon.rental West7th8Kellogg 514200,000 t00 Schieckei.M. E a Guild Hall Rehabihtahon: rental supportrve Marshall & Louis 51,908,000 l� Sanc�ez, T. 0 d housing a d J.J. Hiil Bmltling 8 Conversion of vacant bwitling; Keilog9 & Wail 522.670,000 52 Peiher, G. a m Parking Ramp ownership 0 . Lowertow� BWffs(�epot Mixetl use; commeroal re�ab an0 East 4th & Commemial 538,000,000 200 Pem�erton. 5. ownership Lyngblomsten Senlots New consWCtion, senior rental Sibley & Tenth SVeet 58.126,000 60 Carison, A Motlei Ghes Famihes Rehab; rental supportrve housing Scatteretl sites in Dislnct 52.502,000 22 Sanchez. T. First 8 Rrver Bluff (KOCh Mobll) New constmction: ownership 8 rental W est 7th & Otto 513t.000,000 648 Trulsen, J. Stryker Coop New ronstruchon, semor cooperatrve 61� Stryker 52.317,00� 14 Smith, D. Page 1 of 2 aa-�a� Student Hous�ng New construction Seattered s�tes o�u ° Downtown Wgh-nse New construction Downtown 300 U � m W�Itler/SRO Newconstmchon UnitlenhFletl �� n` ° P�ivate SCCIOr New constmctron Swtteretl sites 3�5 GRAND70TAL 6,97t 10q 10% ' The a6ove projeci list is as of 4H/02. OtBer opportunities wil! arise during the four year period, and all of the listed pro%ects may nof prove successfal. Page 2 of 2 Saint Paul's Housing Production Plan 2002-2005, Housing Projects TOTAL 51,088,3t8,000 5,766 70% t0% � � � ;' - - -- -- --� --=--��-------- - __ . � ' ;'Y ,' —__-`- �� L' � __ __ _ _ _ __ _ _ . -_ — , ? � � . � i _ > �`:�- �� ' _E— p � '�- ��'' �, . �-"��"��..: e' ._�?', x�_ ___ � { _' _ _ "" _' . ,.£-'ti' � ., y-'"`�--,: , : � � 7 � "�<. N { ' ` 1� u y � �� T l I v } ) i. L � A � , . � � S� il � P� „� 7 2 �� - ' � Y/ ,._� f� ` �. K�.. �,� _O N 1�` v � L • O I �.� L • � . � � . � O • �' r , ' '-' U L � � > � ^ � d, �� p�' ,�. w t � c fi - - ' ' --- � " $ a {' �'" _ �-u�'��' � � ' �7„ Y ��',�y�"i �� T �fi�. � � � ' � � . I ' ' �'- _—.__ �- � ' - - — � � _ \ `x.'; `� v c�' �r v. p O � - ' " + ' c sc � �'� � �� i � � � • � � > ' . �� `v � � ... I O a N � � I z . � L L � � - i � ' _' _, "� " \��'.,s� �.:�, ' __ d, (6 � _ I I �i � R � 3 �� 4 ` ; � � C O T ,� "'�'__ _ ___"_- ` L.�' "` � � — � � � U � 2 � t "_ __ �' �t�, �� ,-'- � ..�. � � � � �' �' � < ` �s y !n O p, � -� - � � `�, a� �. �.."'�� L U tn � i L'�5 T..� �- 4 , � i ; .., `i' r , � � . N O � � .�. � $fi_ i C � � a y � 4 k"+z�^a,. � �.� t ', x�-� �,� cv � U � a � - � ; - � �� 'i 9 � `F/ \- �:� •'�•£ z? � � • : �..�� i > q E `-_- � � �_ � � ��. :. '�'.��o°,,.� -: _ � � ` �N! t .'�{ L �`�`Q` *� �' _ _ _ � ..� y �� `� ) 3 �� • �/� � � = .�,Z �`� �M� T � • I I � � S� �b. �1 � 1, d � / �. � \ "t �' S- k r � _ ' ' '— "� � � , f � �. N � � —� �' � � " � � � i. ? � � , fi� i � < s z � I � � � �,�• Q - - _. - � r - `� '� � °°3'""`- � -- - -- - 0 ' ' � ' I. _r _ � � � � i ��Y(� t l.. ty ;� �k. - T- _ � i � ' � ;= ' �� -- � -- — � ' , ; � , �. ; . , �� ; , -� - � - = -- c '6 - -- � �-`� - -- - - -- - - � � �� - - � - ` V ` _ T J. "Y^s �' '� -'- � I - � t^ \ 'p ` I � � rr c � � / i ' m ' ' _ `� � y . ___- _"___ _ . �;�' _.- . _ _ ' _ �� ...{ ' , ., � i .L� �. — _ _ _� � � � � 8 K � , � I �. ` � `I �' �`�- � � ; i:F � _. � __ --�=��- � v�� =;, ,, �';�.� :; ` na-�a� � N Q � d > d 0 V . _ � V W � � �^ `c c� a O C ^, W � � Q d � 7 � a _ � oa-�al �� eo H N :� ee : z= , , aa m, - �- � � — -- -- - -�� _ _ , ,= ��-- __ - ta -- f - � - --" } .-- � �. �- � { = � ;, � , � �.� � -- - -- - � -- � ; N y � _ '}� a '` ...�,., � •d � - _ _ � � � � � : a ` ' - _ � '. '�- ° .. . , � :� � - � � _ * ' ,.-----.�, _ z 1.. � 5 � �� ," � � � �. + !i^ K L . � � � � � � _ , I� � a 9 � � �� _, � , � � � 'c Vf _ __— � _ — � � � E m �� N . _ sa C � O � �Y �� w x � � r . � � � t �� . b A ° m �e ' f �� ,° ' ~.-- `` � O N r . � ' i A �� 3 � �,�*, N � tn ,� � . ' �o :-� � �-"-+ - N � N N _ � � ; - _ a �'��< �- , � � h �� ' ' � � �_-� s : d --- a a ;` � m , � .�� , O �L � � �� ! N _ ' [ � • ' 'rmi % 4 _ - .i 4 C'� a �Y.. %` # �M i 9: � l � I �' _l � ��,/ � '� � � Y� � T � ' m� � y �� :, 3 j � � I � Q I � Y L ' J �"�`C � � � � pI 1 � � Q �� i -t. te3 �"_ - .ia„� , 3 3z ""��'. `ti N � j � m � � I [44 V� t �' 5 � Q > Q i W �v r � t a 1., '� O '� :�� `�'.z � 4��;��- � y� . N � c . � �u5 �C J � ffi a � ; \� v 's � "s� a� � � � � f �� F� � �.,��, p a c� ( r �,{� 1 � : i 1 4� �� vv\ C= � Q �. ��.X �3L � _ _ _ , � � -a�+ . � � � � 11 il 11 �.- y� -�°�' � r �s� h- � ; � � i � � ��' �7.� ,, - m i , � '��.� - m � � � \ 3v .�d�v� '?� � a ..� �s "� . O i i R;.. / S y �U� ��' 'a � , i � €1 �� x- N ti , r-, � �. r �, ' r:_ ._ � a v � -;-- �� .� � j � � � � J� e� `� �'S c , 3 "`'`� r� �„s' _ .-1 P�¢ U � ) < � �+ O � / � �`` ��' � - �� ?4 1 P y r ad � N - ��,� - �---- m ; ,' � � > � ' rw��;`� �' < � , , ; ,• , , , � m � ; �� - �--,�r� �2� €� �` -- -- - - - - � ' �' _ �� x � , � q � ; � � �� , ' � + , a � _ � � C � �� h�_"T.--'Y P � � I L. T- �`.1� t.. rt 8 �' s a �` ��_ „ e / l `m � � , � ; �� I � : � � `�` � ; � J j \ . ' j � __ "- _" __-!"'___ _"__ _' ____ '_' ___'—"' ' ^ �l �; I /� ' J� �•- �'__' _ _ ' _�. -� z��, Council File # ��—�� Resolution # Green Sheet # � `� � RESOLUTION C1TY OF SAINT PAUL, MIN Presented By Referred To � r 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 3? 38 39 Resolntion Endorsing Saint Paul Housing Pt�oduction Plan Establishing the Mixed Income Housing F�nd as Authorizing the Use of STAR F�nds for Housi�# WHEREAS, the City of Saint Paul is committed to the production years (the "Project") which is fin�ther described m E�ibit A, and WIIEREA5, it is necessary to establish the Project, called the within the City's Capital Improvement Budget, and ; j WIIEREAS, the Mayor and City Council supports, Pro}ect by leveraging funds from other government lenders and developers, and WHEREA5, the Mayor and City Council housing units over the next four i�in the use of City funds toward completing the �s, non-profit organizations, foundations, private the use of STAR funds for the Project, and Whereas the Mayor and Council wish to es�blish a MiYed Income Housing Fund, as further described in E�ibit B, and � Wf�REA5, the Mayor and City Co�cil is committed to meeting the guidelines for low-income affordable housing included in the Housing Pl�n, a chapter of the Saiht Paul Comprehensive Plan in completing the Project, and �' WIIEREAS, the City C requests the Saint Paul September 30�` on the � NOW, IT �upports the study ofnew models for affordable housing production and nent of Planning and Economic Development (PED) to prepare a report by use of land trusts and essential function bonds for this purpose, RESOLVED, tba�the Saint Paul City Council hereby endorses Saint Paud's Housing Production Plan 2002- 2005 for the production of 5,000 units, attached as E�ibit A, and be it FURTHER RESOLVED, that the City Councii approves the creation ofthe MiYed-Income Housing Fund and eligible Neighborhood STAR Program uses attached as E�ibit C, and be it o a - y�� 40 41 42 43 44 45 46 47 FLIRTHER RE50LVED, that the City Council authorizes the greater of $20 million or 60 percent ofthe available Neighborhood STAR Program funds during C�cles 8-11 (yeazs 2002-0� be used for the Project and requests PED to submit an application for the Project in July 2002 for Neighborhood STAR C�cles 8-11, and be it FINALLY RESOLVED, that the City Council authorizes any waivers from the Neighborhood STAR Guidelines that are needed to establish the MiYed Income Housing Fund and to use STAR Funds to complete the Project. Requested by Department o£: Planninq & Economic Development �� By: Adopted by Council: Adoption Certified by ou By: Approved by May . Date By: il Secretary Form Approv By: Approved by Byc �a-- �I a� , � � � eY�R�' �� w� w�aGC T+�M �! TfdNti �'Y W �o1wS �f.�L: �-�iw,��+.cr rGSd t>e. c.'f cXG�SS �►7�R c�v� �� Q � � � 1 � � � �u i� �} 1y�� ' t�. �� t/� � c� l��s � o�.p � i 9 � Q` 0.S i c�. ♦. s �'� �� se aw�c� � �' 4 i �� A r�, ,�'tu �� , �,1 � � c..,'T e,�� ) ._ . .. 7 1 -�l '{� �' .1! � n P�-�' 1 .� .• �. i• U- �-- „ y _ ,� � r. �.�c�-a � 4. GGard�� '� �k �.�►� Y ,�°��;^�}� SS'� /� `�'!� � L�� •,� � . n �-�� ... 1.,..1� � 1., y �, V'� � � rt� tl+s� o� �� T . � •yryy�1`h� �M � 71�f�n,�f �� ,��aM'v'��a'] � �� 2��3-5 �• 'v►o 7ilan arYl �' � �h �. T , ` �^�- ° �.+�1 ��(� -= � ��— . � � i / � s.� Z- '.►� � r.,r L� Z / '^�—��" l "r� � � �� 0 7 -v� �- �M M� 1 . . ��ooz `i �mr Ao Suau�AO� asa� nnatnaz Ti�is d�I'I3o a��p a� `o��eig a;e� �o sadaqEd �iq �uau�oeozoua �u��ed, aiqeuoseamn ue �o uo�}e.�suouxap pa�uarun�op � apTnozd �fuedruo� a;Epdn pjnoqs •� aI�Y�I o� �is.�an�un ruo.g �oT, �u�zed �3noz� 8�uun1 usipaur uo'(�Tea� uepzo f�iq pa;oaias uSisap pue sreua�stu ��) a�ua3 uteqo pue ysod z;�na�saoo j�nn �Teag uspzo f`atues zo� ,iueduzo� a�Bpdn aq� Tuo.g �uauzasea ajqspiooai p� pa�n�axa ue;o;diaoai uodn '£ $A?Pimg ,i�IEl�ads a� punIaq 8unjsed �uame�sai io3 saaeds.OT x�T It?^� �i�a2i �PzOf , , $aT.PIm43o a�az at Xa�d o� suo.Red �uqoazTp oi��stg a;e� 3o aSe�uoag �tsxaetan uo u�is s�sod ji� ��a� uepior . Z . �9-b sauci io� a1�3us0.nS a� �� c 9£b # aii3 iioano� oi �uaiupuaux� , `; --4 � �_; =�" Presented Referred � � � / Date Resolntion Endorsing Saint PauI Housing Production Plan 2002-2005, Establishing the Mixed Income Housing Fund and Authorizing the Use of STAR Funds for Housing 3 VJHEREAS, the City of Saint Paul is committed to the production of 5000 housing units over the next four 4 years at least 1000 of which wiil be affordable to households with incomes below 50 ercent of the re 'onal 5 median and half of those affordable to households with incomes below 30 ercent of the re ional median (the L/ 6"Project") which is further described in E�ibit A; and A O[Uf 7 WHEREAS, it is necessary to establish the Project, called the Saint Paul Housing Production Plan 2002-2005 8 within the City's Capital Improvement Budget; and 9 WHEREAS, the Mayor and City Council support maximizing the use of City funds to complete the Project by 10 leveraging funds from other government agencies, non-profit organizations, foundations, private lenders and 11 developers; and 12 WHEREAS, the Mayor and City Council support the use of STAR funds for the Project; and 13 WHEREAS, the Mayor and City Council wish to establish the MiYed Income Housing Fund, as further described 14 in E�ibit B; and � 5. WHEREAS, the Mayor and City Council are committed to meeting the guidelines for the construction of lower- 16 income affordable housing included in the Housing Plan, a chapter of the Saint Paul Comprehensive Plan, in 17 completing the Project; and 18 WF�REAS, the City Council supports the study of new models for aff'ordable housing production an�-regnests /' 19 m 20 � 21 NOW, THEREFORE, BE IT RESOLVED that the Saint Paul City Council hereby endorses the Saint Paul „__1 22 Housing Production Plan 2002-2005 for the production of 5000 units, at least 1000 of which will be afFordabl 23 to households with incomes below_50 percent of the reeional median and haif of those affordable to households � 24 with incomes below 30 ercent of the regional mediari attached as Eshibit A; and 25 �BE IT FIJRTHER RESOLVED that the City Councii approves the creation of the Mixed Income Housing Fund �� 2� and `�'b•Ht -*' • '�_' °T "" the definition of eligible uses for STAR funds within the Mixed 27 Income Housin¢ Fund attached as E�ibit C; and ' ' � " • � �. �- . � �. _ -- - - • - - • - - . _ .. - - - - - . .. - - :.::- - - --- .. .. _ , 1 - - • `~- - - - - - - - - - - - ' --- •.. _ - - -- -- �- / SAI Council File # oa-�at� Green Sheet # 4 current iocedure_ rior to Ci Council acrio should include t 5 documentation on the use of the orevious vear's allocation• and oa-�,�� vailable be ate and I . . : 1 ' • � .. �- � � i. - - -- - - �::- -- - ----- - - --=-- = --- - -- -: .: . - : .:. - : -:- : - ' :� - _._ - •.R�3 � �m`� �� ' �). -. �• �:�!.�� • � ��• �I _•� •. .�Z:.• ��• .... .. . �� 10 11 12 13 14 15 16 i • � =--.;i�-4-'l�S��j� • TtkaSE .�P'n v�s b� i 1{1 t� � � i�� '(1�RE ► 5 .Q2�E �.r � k�p F-��AYLf) r- GG. �� ' nrougn me nolicv related to � � � / / �p � Requested by Depar�ent of: Form Approved by Ciry Attomey By: � 'DtSc.�o S� � � � a,,r_ Tu �1.p�� Adopted by Council: Date Adoprion Certified by Councii Secretary By: Approved by Mayor: Date By: Approved by Mayor for Submission to Council � �� + � �X � ��b�t c Eligible Uses for STAR Funds within the Miged Income Housing Fund oa-ya� Neighborhood STAR funds allocated to the Mixed Income Housing Fund (Mff�') may be used for the following activities associated with high-impact housing projects within the City of Saint Paul: �� ,1, ,��(�Rr' 1N�• �� 1. To guazantee loans approved by lenders for construction period or permanent financing- 2. To originate loans for construction period or permanent financing. � To acquire land and complete demolifion or relocation necessary to prepare sites for development. M o provide gap financing for projects with extraordinary development wsts, 1. Address a significant housin¢ policy objective 2. Meet a sienificant communitv need or prioritv and/or 3. Meet a sianificant neiehborhood need orpriorit� This definition of hiQh impact proiecl is not intended to exclude small scattered site vrojects The projects themselves will be selected in accordance with the Saint Paul Housing Production Plan 2002-2005. �TAR funds allocated to the Mixed Income Housing Fund will be leveraged with a raYio of at least $1 to $1 in matching funds. Because it is a fleasible City resource, STAR funds will be committed only after more restrictive funds from other City sources and from the City's housing partners have been exhausted for an individual project. �� Anv reoavment of MIHF funds will be returned to the fund and used to finance additional housina � produchon m a manner consistent with the �uidelines outlined above In the event that the MIHF is no loneer needed the remaimn¢ fund balance will be rehuned to the ori 'nal STAR account for reallocation for STAR-eligible expenditures .. _. . ,,�.,-,.--.,..,.._ ba'��a� f� � � . �� r� oY�.�TO � ��.�w1�WC �wMf�lt �'dNti �W�OKSGt�i�fLS (� � J "+ cXGcSS 5 �� , �'cvc►nwGT ' Q �� i.�,T��tr CGid'uctJl 1 ��. a.r �cQ��.��,zc�l a.t- �,..c C' GbtKR� l �I�� S�S ` � �3� c�'�c 1��.+�.t so e.w►� ��„d�.+ 1 1 T`i L�� ,� � e. c�."� c.� � l � v k A � ._ . ,. � l —L� � �' . .a.! _ a �� • _ - :�J .► .• -}. 1• 0 ' Z �� 4. GGor��K� �'� Ck �.�� y LUa.vau.u. , ....�- ""' . ' 9 STAR monies r City-owne capital improvements ' hout any requirement for a private-sector dollar 10 �match; and be it � y 11 FINALLY RESOLVED, at the City Co cil requests that all prov "ons of state law and city 12 ordinances regarding the budgeting of the Ci of Saint Paul's one-half percent sales tax monies 13 continue to be implemented. Yeas Na s Absent Benanav Btakey Bostrom Coleman Harris Lanriy Reiter Adopted by CounciL Date Adoption Certified by Council Secretary By: Approved by Mayor: Date By: Requested by Department of: � Form Approved by City Attomey � Approved by Mayor for Submission to Council � ��1�� g��5, the Mayor, pursuant to Section 10.071 of the City Charter, does certify that there are 9 revenues, in excess ofthose estimated in the adopted 2001 capital projects budget, available for �IOi`_ ap,propriation• and � .�. <.,_ 11 ��05�'ER£^�45, the Mayor recommends the following changes to the 2001 budget: �� 12 13 14 2001 FINANCING PLAN 15 930 City Sales Tax Fund: 16 90306-9830 Use of Fund Balance 17 90305-6602 Interest On Investments 18 90306-6602 Interest On Investxnents 19 90305-6922 Repayment of Loans 20 90303-7304 Sales Tax Proceeds Transfer 21 Total Financing Plan Current Bud�et 0 400,000 267,000 1,266,000 10,106.428 12,039,428 Chan�es 2,731,413 0 0 0 0 +2,731,413 Amended Buaget 2,731,413 400,000 267,000 1,266,000 10.106,428 14,770,841 22 2001 SPENDING PLAN 23 930 City Sales Tax Fund: 24 90306-0547-77126 Neighborhood Investment Initiative. Program 25 1,513,281 2,450,000 3,963,281 26 90306-0547-New # St. Paul Police Mounted Patrol Stable: 2� 0 281,413 281,413 28 All Other Approved Spending 10,526,147 0 10,526.147 29 Totat Spending Plan 12,039,428 +2,731,413 14,770,841 30 ^TA�s��-�L F TT RF�'va �"'^, that the City Council, after considering the Mayor's recommendations, approves the above changes to the 2001 budget; �d.l�it 2 F , that the City Council waves the current STAR Guideline requiring a private- sector dollar match for any city-owned capital improvement financed in any of the City's seven wards through the flexible and responsive Neighborhood Inveshnent Initiative Program; and that the same private-sector dollar match requirement is also waved to allow for STAR funding of the needed horse stable for the Saint Paul Police Department's Mounted Patrol; e it