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HC 4-25-2024 Written CommunicationsHousing Commission Meeting April 25, 2024 Written Communications From:Rhoda Fry To:HousingCommission; Alec Vybiral Subject:Request to add agenda item to 4/25/2024 meeting: Use of BMR Funds Date:Monday, March 25, 2024 1:34:44 PM Attachments:BMR fund summary.pdf CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear Housing Commission, I am requesting that you add an agenda item to 4/25/2024 meeting: Use of BMR Funds. If not for this meeting, then for a subsequent meeting. The below and attached was sent this morning to the City Council and I think that it would be of interest to the Housing Commission. If this item is not added for the 4/25/2024 meeting, then please put this information in Oral Communications. Regards, Rhoda Fry From: Rhoda Fry <fryhouse@earthlink.net> Sent: Monday, March 25, 2024 11:07 AM To: 'City Clerk' <CityClerk@cupertino.org>; 'citycouncil@cupertino.org' <citycouncil@cupertino.org> Subject: Oral Communications 4/3/2024 Use of BMR Funds From: Rhoda Fry on March 25, 2024 RE: Misallocation of BMR Program Funds Dear City Council, As you know, on February 15, 2024, I reported to the City Attorney that our BMR Program Funds had been improperly used to pay for $15K in stipulated judgements from the frivolous Housing Element lawsuit by YIMBY and California Housing Defense Fund. Then I discovered that the cost of litigation from the firm retained by the City, Goldfarb & Lipman, had also been misallocated along with other questionable expenses. On February 19, I wrote City Council requesting that the Accounts Payable agenda item #6 be removed from the City Council Consent Calendar for the February 21 meeting. Neither the City Manager nor the City Attorney wanted this item to be discussed in a public forum. I am asking you to please schedule a study session in order to restore some public trust in the City’s accounting system and use of BMR funds. Not only for the BMR funds but also for other special funds that are regulated under AB1600. Below is a description of the BMR Program Rules and attached is a summary the BMR portion of Development Impact Fee Reports, which are found here: https://www.cupertino.org/our-city/departments/finance/budget-reports Reviewing the fund’s use over the past decade creates a number of questions about whether the BMR fund has maximized public benefits. Lately, the fund has been used for homeless, which is not an intent of the fund. The cost of administration and studies also raises concerns. BMR Program Rules Restrict Fees to affordable housing (RESOLUTION NO. 20.055 page 4) 2.2.2 Permitted Use of Fees A. Affordable housing mitigation fees deposited into the BMR AHF shall only be used for the provision of affordable housing in Cupertino. B. The options for use of the fee revenue include, but are not limited to the following: 1. BMR Program Administration 2. Land Acquisition 3. New Construction 4. Acquisition and/or rehabilitation of buildings for permanent affordability 5. Preserving “at-risk” BMR Units 6. Substantial Rehabilitation 7. Rental Operating Subsidies 8. Down Payment Assistance 9. Direct gap financing 10. Fair Housing C. A portion of the BMR AHF will be targeted to benefit the following groups, to the extent that these target populations are found, to be consistent with the needs identified in the nexus study: 1. Extremely low-income households and 2. Persons with special needs (such as the elderly, victims of domestic violence, and the disabled, including persons with developmental disabilities). Virus-free.www.avg.com The data below was copied from Development Impact Fee Reports from 2014 to 2023 These reports can be found here: https://www.cupertino.org/our-city/departments/finance/budget-reports As there might be copying errors, please consult the source documents to confirm data Observations: 1. funds have been used for homeless, which is not an approved category for this fund 2. Interest on these accounts has varied widely 3. 2021 - 2023 staff and admin cost has been disproportionately high as compared with services rendered 4. A significant amount of money has been used for the Housing Element, Studies, Plans, Strategies, and Surveys USE OF BMR FUNDS 2023 - 2014 as reported in Development Impact Fee Reports Year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Balance 5,462,532 6,111,827 6,551,494 6,759,440 6,902,773 10,867,642 11,336,550 11,323,869 7,699,889 699,046 Fees Collected 172,698 39,211 204,931 41,957 159,179 165,324 39,000 299,586 4,051,266 7,229,545 Interest 79,323 70,915 19,651 269,174 134,016 46,912 94,339 97,840 45,016 10,828 Staff & Admin 378,741 329,346 206,461 90,119 61,276 57,266 39,941 53,908 49,686 25,721 Legal 57,476 29,367 68,170 174,249 69,201 144,028 235,878 96,279 41,276 Placement 265,554 264,296 259,957 190,986 190,294 137,018 123,301 125,818 71,407 127,955 Mediation 50,000 50,000 50,000 50,229 35,771 44,528 203,187 108,740 193,442 Legal + Mediation 69,995 Housing Element 15,879 Loan 3,672,000 Renovation 79,986 122,265 Study 13,495 83,200 Plan 33,291 Strategies 7,146 44,955 De Anza 25,000 Survey 9,706 Homeless 13,787 71,224 Habitat Humanity 3,571 8,043 Subtotal 769,123 759,421 664,249 519,078 436,528 4,177,105 602,307 384,745 472,302 239,550 End Balance 4,945,424 5,462,532 6,111,827 6,551,494 6,759,440 6,902,773 7,195,642 7,664,550 11,323,869 7,699,889 From:Rhoda Fry To:HousingCommission Subject:Housing Commission Oral Communications - use of BMR/Affordable Housing Fund Date:Friday, April 19, 2024 9:43:57 AM Attachments:BMR fund summary 2.pdf Attachment A_ Annual Report on Development Impact Fees FY 2021 pages 6 8 9.pdf CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear Housing Committee, I am writing because I am concerned about the use of the BMR/Affordable Housing Fund. This fund is funded through mitigation fees paid by developers to help make up for the need for affordable housing created by a development project. The money in this fund is precious – according to a study paid for by the City, mitigation fees don’t fully pay for the problem they’re intended to fix. That’s another reason we need to use these funds wisely. You may have already read that money in this fund was mis-used to pay for litigation fees and settlements of the YIMBY lawsuit, https://sanjosespotlight.com/cupertino-spent-affordable- housing-funds-on-lawsuit/ but there’s more. In the past 3 years, the fund has been shockingly inefficient. About half of the funds expenditures have been use on City-staff/administration. And if you take into account the overhead included in the contracts that the City pays out, more than half of the money goes to administrative costs. What are we getting for our money? Is it possible that some of the Cupertino staff/admin cost should have been allocated elsewhere? Other information shows that the fund has been used for airfare, hotels, mercury news subscriptions, and membership dues to organizations that are not exclusively oriented for bmr/affordable housing. Money has also gone to homeless services, a worthy investment, but not an appropriate use of the narrowly-defined fund. Attached you’ll find a table that I put together using 10 years of data pulled from the City’s annual mitigation fee report which is published annually under AB1600 (to assure proper use of developer mitigation fees). There you can glean some trends of the fund’s use – and I added a chart showing how city-staff/admin compares with the rest of expenses – a worrying trend. Also attached, please find a report on the use of Palo Alto’s BMR/Affordable Housing fund and you’ll see that their admin costs are about a 10th of ours! Can you please put the use of this fund on your workplan? Can you consider reviewing the information to be put in the annual AB1600 report before it goes to Council and make any appropriate adjustments? I also think that the AB1600 report should include the rules of the fund in order to prevent errors in its use (see below). I’d like to see our City get the most out of our public’s money and ensure that the money that was put in our hands in good-faith by developers is used appropriately and wisely. Thanks, Rhoda Fry (408) 529-3560 265 BMR Housing Fund Definition (FY 2023-24 Adopted Budget page 100) • Accounts for activities related to the Below Market Rate (BMR) Housing Program. • Revenues include BMR Housing Mitigation Fees collected from developers to mitigate the impact of housing needs. • Monies in this fund are governed by the program's rules. BMR Program Rules Restrict Fees to affordable housing (RESOLUTION NO. 20.055 page 4) 2.2.2 Permitted Use of Fees A. Affordable housing mitigation fees deposited into the BMR AHF shall only be used for the provision of affordable housing in Cupertino. B. The options for use of the fee revenue include, but are not limited to the following: 1. BMR Program Administration 2. Land Acquisition 3. New Construction 4. Acquisition and/or rehabilitation of buildings for permanent affordability 5. Preserving “at-risk” BMR Units 6. Substantial Rehabilitation 7. Rental Operating Subsidies 8. Down Payment Assistance 9. Direct gap financing 10. Fair Housing C. A portion of the BMR AHF will be targeted to benefit the following groups, to the extent that these target populations are found, to be consistent with the needs identified in the nexus study: 1. Extremely low-income households and 2. Persons with special needs (such as the elderly, victims of domestic violence, and the disabled, including persons with developmental disabilities). Virus-free.www.avg.com The data below was copied from Development Impact Fee Reports from 2014 to 2023 These reports can be found here: https://www.cupertino.org/our-city/departments/finance/budget-reports As there might be copying errors, please consult the source documents to confirm data Observations 1. funds have been used for homeless, which is not an approved category for this fund. 2. Interest on these accounts varies. Why? Interest from loan or Chandler? 3. 2021 - 2023 staff and admin cost has been disproportionately high as compared with services rendered 4. A significant amount of money has been used for the Housing Element, Studies, Plans, Strategies, and Surveys USE OF BMR FUNDS 2023 - 2014 as reported in Development Impact Fee Report s Year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Balance 5,462,532 6,111,827 6,551,494 6,759,440 6,902,773 10,867,642 11,336,550 11,323,869 7,699,889 699,046 Fees Collected 172,698 39,211 204,931 41,957 159,179 165,324 39,000 299,586 4,051,266 7,229,545 Interest 79,323 70,915 19,651 269,174 134,016 46,912 94,339 97,840 45,016 10,828 Staff & Admin 378,741 329,346 206,461 90,119 61,276 57,266 39,941 53,908 49,686 25,721 Legal 57,476 29,367 68,170 174,249 69,201 144,028 235,878 96,279 41,276 Placement 265,554 264,296 259,957 190,986 190,294 137,018 123,301 125,818 71,407 127,955 Mediation 50,000 50,000 50,000 50,229 35,771 44,528 203,187 108,740 193,442 Legal + Mediation 69,995 Housing Element 15,879 Loan 3,672,000 Renovation 79,986 122,265 Study 13,495 83,200 Plan 33,291 Strategies 7,146 44,955 De Anza 25,000 Survey 9,706 Homeless 13,787 71,224 Habitat for Humanity 3,571 8,043 Subtotal 769,123 759,421 664,249 519,078 436,528 4,177,105 602,307 384,745 472,302 239,550 End Balance 4,945,424 5,462,532 6,111,827 6,551,494 6,759,440 6,902,773 7,195,642 7,664,550 11,323,869 7,699,889 Subtotal 769,123 759,421 664,249 519,078 436,528 Year 2,023 2022 2021 2020 2019 Staff & Admin 378,741 329,346 206,461 90,119 61,276 Other Expenses 390,382 430,075 457,788 428,959 375,252 0 100,000 200,000 300,000 400,000 500,000 2,023 2022 2021 2020 2019 Compare Staff/ADMIN Expenses vs Other from BMR & Affordable Housing Fund Staff & Admin Other Expenses Attachment A City of Palo Alto Annual Report on Development Impact Fees for Period Ending June 30, 2021 Commercial Housing University Avenue Parking FUND Impact Fee Fund In-Lieu Fund Purpose and Authority Fees imposed on commercial and industrial Fees collected from non-residential for Collection development to offset the demand that development within the University Ave. new jobs create for low and moderate-Parking Assessment District in lieu of income housing in the City providing the required number of parking spaces. PAMC Ch.16.65 PAMC Ch 16.57 Amount of the Fee Hotel / Retail / Other Non Residential: $22.40 per sq. ft. Office/R&D: $38.48 per sq. ft. $111,861.77 per space Fund Balance July 1, 2020 $25,428,649 $6,384,494 Activity in 2020-21 Revenues Fees Collected 606,996 - Interest Earnings 159,746 109,638 Unrealized Gain/(Loss) Investments (206,429)(69,521) -------------------------------------------------------- ----------------------------------------------------------- Total Revenues 560,313 40,117 Expenditures Salaries and Benefit (21,122) Liability Insurance (621) -------------------------------------------------------- ----------------------------------------------------------- Total Expenditures (21,743) - -------------------------------------------------------- ----------------------------------------------------------- Ending Balance June 30, 2021 $25,967,219 $6,424,611 Other Commitments/Appropriations Reserve for Notes Receivable include:$1,290,000 for 2811 Alma, and $4,137,254 for 801 Alma, $7,700,000 for Bueva Vista Mobile Home Park. $10,502,309 Wilton Court (23,629,563) Reserve for Reappropriations (1,167,061) Reserve for unrealized gain on investments (108,891)(94,763) -------------------------------------------------------- ----------------------------------------------------------- Net Funds Available $1,061,704 $6,329,848 USE OF FEES: USE OF FEES: Expenditures in Fiscal Year 2021 are $21K for salaries and benefits. Reserve for Reappropriaton is for Affordable Housing Loan Agreement: 3705 El Camino Real (Wilton Court). No expenditures have been made from this fund in Fiscal Year 2021. FUTURE USE OF FEES: $5.5M programmed in FY 2023 for New Downtown Parking Garage Project (PE- 15007) as part of the 2022-2026 Capital Improvement Plan (CIP). Page 2 of 10 Attachment A City of Palo Alto Annual Report on Development Impact Fees for Period Ending June 30, 2021 Residential & Non-Residential Residential Housing Community Facilities In-Lieu Fund FUND Libraries Purpose and Authority for Collection Fees imposed on new residential and non- residentual development approved after January 28, 2002 for Libraries. Fees collected from ownership residential developments of three or more units (including mixed used with ownership in housing) in-lieu of providing the required below-market rate units(s) to low and moderate income households. PAMC Ch. 16.58 PAMC Chapter 16.65 Amount of the Fee Residential: Single family $1,187 per residence (or $1,766 per residence larger than 3,000 sq ft); Multi-family $710 per unit (or $390 per unit smaller than or equal to 900 sq ft) Single family $82.46 per sq. ft. Single family detached; $54.97 per sq. ft. single family attached. Multi Family $54.97 per sq. ft. condos. Nonresidential: Commercial/industrial $299 per 1,000 sq ft or fraction thereof; Hotel/Motel $126 per 1,000 sq ft or fraction thereof. Fund Balance July 1, 2020 $1,248,514 $24,981,378 Activity in 2020-21 Revenues Fees Collected 29,138 4,939,497 Interest Earnings 18,746 147,730 Unrealized Gain/(Loss) Investments (15,095)(130,549) -------------------------------------------------------- ----------------------------------------------------------- Total Revenues $32,789 $4,956,678 Expenditures Salaries and Benefits (21,122) Contract Services (177,888) Liability Insurance (621) Operating Transfer to Capital Projects Fund (310,000) -------------------------------------------------------- ----------------------------------------------------------- Total Expenditures (310,000)(199,631) -------------------------------------------------------- ----------------------------------------------------------- Ending Balance June 30, 2021 $971,303 $29,738,425 Other Commitments/Appropriations Reserve for Encumbrances (21,973) Reserve for unrealized gain on investments (16,435)(113,952) Reserve for Notes Receivable include $375,000 for 3053 Emerson, $3,504,850 for Tree House Apts, $747,734 for Sheridan Apts., $2,285,026 for 801 Alma, $901,201 for Palo Alto Housing Project, $600,000 for 2811-2825 Alma St., $203,561 for Colorado Park Housing, $149,968 for El Dorado Palace, and $6,800,000 for Buena Vista Mobile Home Park, $8,249,601 for Wilton Ct. (23,816,941) -------------------------------------------------------- ----------------------------------------------------------- Net Funds Available $954,868 $5,785,559 Page 4 of 10 Attachment A City of Palo Alto Annual Report on Development Impact Fees for Period Ending June 30, 2021 Residential & Non-Residential Residential Housing Community Facilities In-Lieu Fund FUND Libraries USE OF FEES:USE OF FEES: Budget transfer $310K in FY 2021 was made to Capital Improvement Fund Project for Library Auto Material Handling (LB-21000). FUTURE USE OF FEES: $540K is programmed in FY 2022-2023 for LB-21000 as part of the 2022-2026 CIP. $300K has been recommended to fund the City archives at the Roth Building (CMR 12307). Expenditures in Fiscal Year 2021 were $21K for salaries and benefit, $178K for Palo Alto Housing Corp for BMR admin fees and for consultancy fees. Page 5 of 10