Title
UNFINISHED BUSINESS (6/6/23)
(Clerk’s Note: This item will be heard concurrently with Agenda Item No. 21.)
Affordable Housing Gap Funding Recommendations
Discussion/Direction/Action: Motion to approve the TOP FOUR highest scoring proposals received in response to the CWD Affordable Housing Gap Funding RFP for FY23, totaling $3,775,000.00 for 224 affordable housing units, including both rental units and homeownership units. Per the staff scoring of the proposals received, the following four projects all scored highly on the RFP, which looked at multiple variables including: other resources leveraged and degree of leverage, affordability, median income of households served, energy efficiency, project readiness, smart growth principles, sustainable neighborhoods, healthy communities, and affirmation of fair housing choices.
The top four highest scoring projects, in order of score received, were:
1. Southwest Nonprofit Housing Corporation - Rio Mercado; 107 affordable rental units, new construction, $2.125 million requested
2. Family Housing Resources - Talavera Apartments; rehab and preservation of 96 affordable rental units, $500k requested
3. Casa Maria - El Camino Affordable Housing; rehabilitation of 17 affordable units, $400k requested
4. Pima County Community Land Trust - Barrio Anita Casitas; 4 units, new construction, home ownership, $750k requested
In the spirit of the staff’s and the Regional Affordable Housing Commission’s recommendations, the remaining $225,000.00 allocated for Gap Funding for FY23 would be rolled over into the funding available for the FY24 Gap Funding RFP. (District 2)