San Diego Houisng Federation Weekly Brief

 Friday, October 2, 2009

In This Issue
Still Time to Register for Conference
Send Letters Now for Tax Credit Reform
Council Committee Considers Submetering Wednesday
HUD Rental Housing Expert on YouTube
Pavao's Tax Credit Update Available

Still Time to Register for Conference

 
It's just two short weeks until the 18th Annual Affordable Housing and Community Development Conference at Marina Village. The
Conference is Thursday, October 15.  The program is exciting and packed with great speakers and information on development,
finance, asset management, supportive housing, trends, and design issues. Register now if you haven't already and plan to spend
the day.  Don't miss our luncheon speaker Carol Galante, Deputy Assistant Secretary for Multifamily Housing at HUD.  The agency's new energy and direction are exciting, and having someone in Washington who knows San Diego's affordable housing first hand is certainly encouraging. There's a networking reception by Mission Bay to trade notes and business cards at the end of the day.

Send Letters NOW for Tax Credit Reform

 
Letters are urgently needed to San Diego's Congressional delegation encouraging them to support needed reforms in the Low Income Housing Tax Credit Program.  While the new programs that were part of the stimulus legislation have enabled the California's Tax Credit Allocation Committee (TCAC) to replace credits with cash and to fill funding gaps in some projects left when credit pricing dropped, these sources will not go forward without deliberate action by Congress. Encourage members of the SD delegation to call on Rep. Charles Rangel (NY) and Rep. Barney Frank (MA) to include low income housing tax credit reform in any tax legislation that moves this fall. A sample letter and other materials are here.

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Council Considers Submetering

 
The San Diego City Council Committee on Natural Resources and Culture will hear a recommendation Wednesday from a subcommittee convened by Council Member Marti Emerald that would require water submeters on multifamily housing in order to encourage water conservation.
 
Several SDHF members and staff have participated in the subcommitee with the result that the proposed draft ordinance requires affordable developers to install the piping needed to submeter but it does not require submetering in affordable housing. The purpose of the installation at the time of construction is to make it possible at a later time to submeter should the owner (or city) decide that this is advisable or should the property convert to market rate. Projects applying for discretionary permits after January 1 would be covered by the ordinance.
 
While the ordinance was originally expected to pertain to new construction only, it now includes existing units. SDHF disagrees with the proposed provision for requiring submeters in existing properties at the time of rehab. The draft ordinance triggers the replacement in a rehab if the developer is replacing 50% of the interior potable water lines in a building.  It is unclear whether all of the units in all of the buildings must then be piped for submeters.  Affordable housing, according to the draft proposal, will have to plumb for the meters but not install them.
 
The final proposal to the committee is here. The meeting begins at 2 p.m. Wednesday at the Council Committee meeting room. Those with experience in re-plumbing older properties are asked to contact Doris Payne-Camp at 619-239-6693 prior to the meeting and to plan on attending to help Council members better understand the ramifications of requiring the retrofit in existing property rehabs.


Sard's Remarks on YouTube

 
Barbara Sard, Senior Advisor on Rental Housing at HUD, was a speaker last week at the Southern California Association of Non-Profit Housing (SCANPH).  Her presentation is available on YouTube. It is two parts. Click here then here.

Tax Credit Update Available

 
The slides from TCAC Executive Director Bill Pavão's presentation at the SCANPH conference last week are here. You can hear Pavao at the SDHF Conference October 15 at Marina Village with a report summarizing the results of the recent allocation round, progress on ARRA awards, and issues to be addressed in upcoming regulation changes.
 
He noted that these housing types received tax credit awards this year:
 
                                  Awards        Federal           State
                                                 (In millions)   (In millions)  
Large Family                 44              $55.4             $34.6
SRO                              6               $9.8               $7.6
At Risk                          9               $6.8               $0
Special Needs                5               $5.7               $0
Seniors                        15               $14.2             $17.6

Register Today
2009 Conference Logo-small 
Thursday, October 15
 
San Diego Housing Federation
18th Annual Affordable Housing Conference
 
Marina Village 
Quivara Basin
Mission Bay 
 
Click here for Conference Details and Registration
Affordable Housing
Roundtable 
Thursday, November 5
 
7:30 - 9:30 a.m.
 
"Report Card on San Diego's Mental Health Services Act Housing Program" 
 
NTC Command Center
2640 Historic Decatur Rd.
San Diego 92106 
 
 
Information and Registration here
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