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CITY COUNCIL Management Policies for City-Owned Rental Housing

This recommendation seeks to establish policies for the management of city-owned rental housing, including tenant selection, property management, and acquisition criteria. These policies aim to increase the supply of affordable housing, offset declining landlord participation, and provide housing for difficult-to-house individuals.

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CITY COUNCIL Management Policies for City-Owned Rental Housing

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  1. CITY COUNCILManagement Policiesfor City-Owned Rental Housing Jim Wong Senior Project Manager 9/9/19

  2. Recommendation Finding of CEQA exemption under “general rule” under Section 15061(b)(3) Authorize City Manager to adopt policies for management of City-owned rental housing as set forth in Agenda Report

  3. Background City currently owns 10 properties successfully operated as housing for very low income households w/ rental assistance vouchers Properties professionally managed by Fertig & Gordon, Inc. City Council has expressed a desire to establish policies for the management of existing inventory of rental units, and under which newly-acquired units are managed

  4. City-Owned Affordable Units

  5. Background • Not “Public Housing”: City administers federal rent assistance programs (e.g., Section 8), but acquisition/operation of rental units are not funded from nor subject to HUD’s public housing requirements. • City is also not organized as a Housing Authority under state regs; state requirements do not apply. • Proposed policies will increase supply of housing quickly and cost-effectively; provide housing for difficult to house persons; and help offset impact of declining landlord participation in Section 8.

  6. Participating Landlords Loss of participating landlord puts the long-term Rental Assistance program at-risk

  7. Rental Housing Management Policies 1) Ownership of properties to be held by the City 2) Third-party property management 3) Property & liability insurance coverage 4) Marketed broadly on www.PasadenaHousingSearch.com 5) Pasadena preference for tenant selection 6) New acquisitions limited to SFRs, condo units, and MF apts w/ 20 or fewer units 7) Each acquisition subject to Council approval

  8. Rental Housing Management Policies 8) Acquisition prices not to exceed appraised value 9) Appropriate replacement/operating reserve funds to be set aside for each unit 10) Surplus cash flow to be used for Dept. admin to reduce dependence on General Fund 11) When inventory reaches 36 units, staff will bring recommendation to Council to consider sale of properties to an affordable housing sponsor selected by RFP process

  9. Policy Justification Strengthen City’s short-term (e.g., Rapid Rehousing) and long-term (e.g., Section 8) rental assistance programs by reducing reliance on the participation of private landlords Quickly and cost-effectively provide housing for difficult to house persons

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