Title
a. Approve the Agreement to Provide Affordable Housing Services between Community Housing Improvement Systems and Planning Association, Inc. (CHISPA) and the County of Monterey for Moro Cojo at no cost to the County.
b. Authorize the Board of Supervisors Chair, Chris Lopez, to execute the Agreement to Provide Affordable Housing Services on behalf of the County of Monterey.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approved the Agreement to Provide Affordable Housing Services between Community Housing Improvement Systems and Planning Association, Inc. (CHISPA) and the County of Monterey for Moro Cojo at no cost to the County.
b. Authorize the Board of Supervisors Chair, Chris Lopez, to execute the Agreement to Provide Affordable Housing Services on behalf of the County of Monterey.
SUMMARY:
In 1994, the County conditionally approved the Moro Cojo Project pursuant to Board of Supervisor's Resolution No 94-524. Pursuant to Condition 99 of this Moro Cojo Resolution and a Stipulated Settlement Agreement that resolved litigation over the Moro Cojo Project, the condition allows for and permits the resale of homes within the Moro Cojo Project to persons of very low-, low-, or moderate-income households.
The County's Housing and Economic Development has received inquiries from lenders and realtors on behalf of Moro Cojo homeowners who wish to sell or refinance their homes and has requested that CHISPA administer the affordability requirements relating to the Moro Cojo Project.
Both the County and CHISPA acknowledge that there is no express requirement in the Moro Cojo Resolution or any conditions of approval set forth therein that obligates CHISPA to administer and enforce in perpetuity the affordability covenants that have been recorded on lots within Moro Cojo and to ensure that Moro Cojo homeowners set home prices in accordance therewith. Therefore, the County has determined that CHISPA has the necessary experience and skil...
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