Title
Rental Rehabilitation Program Project Award (Ordinance S-48815)
Description
Request to authorize the City Manager, or his designee, to enter into necessary loan agreements with Community Housing Partnership, Inc., and other agreements as necessary, for the completion of construction activities under the Rental Rehabilitation Program at the following seven locations: 906 E. Fillmore St.; 1146 E. Fillmore St.; 1429 E. Fillmore St.; 1530 W. Fillmore St.; 1534 W. Fillmore St.; 1324 E. Taylor St.; 1630 E. Monroe St. Community Development Block Grant (CDBG) funds are available for these contract awards. Further request to authorize the City Controller to disburse funds up to $1,280,000.
Report
Summary
In March 2021, the City Council approved expanding the Rental Rehabilitation Program to facilitate the preservation of single- and multi-family rental properties. The program focuses on addressing structural, and health and safety codes and standards to ensure properties are habitable and affordable. In this manner, the Rental Rehabilitation Program supports the Housing Phoenix Plan's vision of utilizing innovative and solution-oriented policies to address housing challenges citywide.
Eligible properties include single- and multi-family rental properties of up to 24 units, occupied by, or set aside for, low- and moderate-income tenants. Financial assistance of up to $40,000 per unit, with a maximum project award of $400,000, is available to eligible owners to renovate their deteriorating property.
NSD staff analyze submitted applications monthly for eligibility before they are forwarded to the Rental Rehabilitation Program's review panel. The review panel, which is comprised of City staff and experts in the affordable housing and rental property management industries, evaluates applications (based on owner capacity, management plan and history, project readiness, and financial feasibility) and recommends project awards. The Rental Rehabilitation evaluation panel recommends funding the following seven properties up to $40,000 per unit for a total of $1,280,000.
- 906 E. Fillmore St. (4 units);
- 1146 E. Fillmore St. (4 units);
- 1429 E. Fillmore St. (8 units);
- 1530 W. Fillmore St. (4 units);
- 1534 W. Fillmore St. (4 units);
- 1324 E. Taylor St. (4 units); and
- 1630 E. Monroe St. (4 units).
These CDBG funded projects are scheduled to commence during Fiscal Year 2022-23.
Financial Impact
This program is funded by the Community Development Block Grant; there is no impact to the General Fund.
Location
Council Districts: 7 and 8
Department
Responsible Department
This item is submitted by Deputy City Manager Alan Stephenson and the Neighborhood Services Department.