Title
a. Authorize the Auditor-Controller to increase revenue and appropriations in Economic Development Department's Boronda Housing Set-Aside Unit, 176-8202-DEO013 by $300,000.
b. Authorize the Auditor-Controller to incorporate the modifications in the FY 2014-15 Adopted Budget.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Authorize the Auditor-Controller to increase revenue and appropriations in Economic Development Department's Boronda Housing Set-Aside Unit, 176-8202-DEO013 by $300,000.
b. Authorize the Auditor-Controller to incorporate the modifications in the FY 2014-15 Adopted Budget.
SUMMARY
This action was originally approved by the Board of Supervisors on March 11, 2014, for Fiscal year 2013/2014 in conjunction with approval of a $300,000 Housing Successor Agency loan to South County Housing Corporation (SCH) to provide the necessary gap financing for redevelopment of the Camphora Labor Camp. The funds were not distributed in FY13/14 but will now be distributed in late 2014. The recommended action will re-appropriate funding in the FY14/15 budget in the amount of $300,000.
DISCUSSION:
The Camphora Labor Camp is located in an unincorporated area near Soledad. The property is currently improved with 44-dilapidated market rate rental units that are used primarily by farmworkers.
SCH purchased the property in October of 2010 with the long term plan of razing the buildings and redeveloping the site with safe, affordable, and appropriately sized housing for the current residents as well as other farmworkers. Since acquisition of the site, SCH has managed the property and addressed immediate health and safety issues.
The proposed project is consistent with the County's priorities to develop rental housing for extremely low, very low, and low income households including farm workers who are specifically designated as a special needs population by the County.
In October of 2010, the Redevelopment ...
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