CHC 10-09-97Members Present:
Members Absent:
Staff Present:
Others Present:
CALL TO ORDER
Sylvia Machamer called the meeting to order at 3:30
Sylvia Machamer, Jill Collins, Kathy Robinson
Dick Schuster, Steve Smith
Vera Gil
Mary Ellen Cheil
Approval of Minutes:
Sylvia motioned to approve July 10th minutes, Jill seconded.
Vote: 3-0
August 14' minutes were continued
Written Communications:
None
Oral Communications:
None
OLD BUSINESS:
1. Review and approval of new affordable rents and maximum sale prices: Vera Gil spoke
about the individual committee members feeling on maximum sale prices. Dick Schuster felt
that the prices should be lowered immediately; Jill Collins felt that the prices should remain the
same due to the 30% rule being applied as a financing tool. Kathy Robinson felt that prices
should be lowered, with the exception of anything in the pipeline. Sylvia Machamer agreed with
Kathy Robinson. Kathy Robinson made a motion that sale prices for units in the pipeline remain
the same, but any future units should be reduced so that buyers are not being required to pay
more than 30% of their income. Sylvia seconded the motion.
Vote: 3-1
2. Review sites with residential potential map to target potential sites for affordable
housing. Vera explained that there is a staff person working on this map to update any sites
available. The committee agreed to continue this item until the map is complete.
3. Discuss how the Committee can become more proactive in the affordable housing arena.
Jill Collins brought up the fact that the last person to own a BMR unit after 30 years could
potentially sell and receive a windfall profit. Jill felt that a policy or mechanism should be in
place to assure long term affordability. This might be accomplished by placing restrictions on
the deed of trust stating the first sale after the 30-year affordable price will allow the owner to
receive his costs plus a reasonable percentage of appreciation over the years, but place all other
monies into the affordable housing pool. Vera Gil stated that some cities institute a policy that
with every resale the 30 year restriction is re-applied.
Vera Gil mentioned that she would like for the committee to think about requiring developers use
Cupertino Community Services to place the BMR clients in BMR units due to the time and
energy spent training each developer's management personnel in screening. Jill Collins
suggested charging the developer a nominal fee to be paid to CCS for the screening of the BMR
units. Vera Gil explained that when changes are made to the Mitigation Manual she will include
these amendments for the committee to review.
Adjournment: Meeting of December 11
SUBMITTED BY:
Yvorthe Kelley,
Admin. Secretary
APPROVED BY:
Machamer, Vice Chair
ATTEST:
ty Clerk
c/windowsPaousing/alh 10997