FORMATION OF THE RENEWAL ENTERPRISE DISTRICT JOINT POWERS AUTHORITY CITY COUNCIL DECEMBER 4, 2018 David Guhin Assistant City Manager / Director Planning and Economic Development 1
HOUSING NEED 2000 1800 1600 1400 1000 1000 500 1200 500 1000 800 600 1000 1000 900 850 400 800 488 200 350 263 252 238 126 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Actual RHNA Fire 2
SONOMA HOUSING GROWTH 5,000 4,000 3,000 2,000 1,000 0 1990 1995 2000 2005 2010 2015 -1,000 -2,000 -3,000 -4,000 -5,000 -6,000 Single Family units Multi Family units 3
PRE-EXISTING HOUSING CHALLENGES SONOMA COUNTY MEDIAN HOME SALE PRICES $800,000 • Median home price and rental $681,000 $700,000 rate growth exceed wage $608,000 growth $600,000 $550,500 $489,500 $500,000 $465,000 • 1-3% residential vacancy $400,000 $380,000 $316,500 $300,000 • Culture and history of: $200,000 • Environmental protections $100,000 • Urban separators $- 2011 2012 2013 2014 2015 2016 2017 2018 2019 • Preservation of working lands 4
IMPACT OF FIRES ON HOUSING • Real estate market in transition: • 235% increase in buildable lots from 2017 to 2018 • 16.6% fall in single family home listings • Trends in rent increases and secondary displacement • 600 student enrollment decline countywide • Estimated additional loss by end of school year: 1,000 students • Poorest residents most impacted 5
RENEWAL ENTERPRISE DISTRICT JOINT POWERS AUTHORITY June 2018: Board of Supervisors and City Council approve staff to negotiate a Joint Powers Agreement based on the RED framework • Working group formed with County, City and SCTA staff • Guidance provided by County and City Build-Rebuild Ad Hoc Committees City Council Ad Hoc Committee: • Mayor Coursey | Council Member Schwedhelm | Council Member Rogers Board of Supervisors Ad Hoc Committee: • Supervisor Zane | Supervisor Gore Community Partners: • Sonoma County Transportation Authority & Regional Climate Protection Authority • Sonoma Clean Power 6
RED : RENEWAL ENTERPRISE DISTRICT • Regionalizes housing production • Pools and leverages financing and funding • Shares risks and benefits of development • Streamlines review and provides confidence in good projects • Puts equity, affordability and climate solutions in the center of local economic strategy 7
JOINT POWERS AUTHORITY - PURPOSE - • Focus housing development in specific geographies • Define project criteria for which incentives and streamlined permitting processes are appropriate • Pursue new opportunities for public-private partnerships • Expand , pool, and leverage public and private financing • Explore the most strategic use of publicly-owned land • Leverage the regional housing planning tools and resources of MTC/ABAG 8
JOINT POWERS AUTHORITY - GOALS - • Achieve rebuild goals and unmet regional housing needs • Implement General Plans and Specific Plans while honoring community separators and urban growth boundaries • Incentivize higher density, infill, and transit-oriented housing in Priority Development Areas, Transit Priority Areas, Designated Opportunity Zones, and Employment Investment Areas • Promote zero net energy development and advance climate resiliency • Ensure affordability and equity in housing development, and transparency and accountability • Improve opportunities for area employers to recruit and retain a skilled workforce 9
RED PROJECT PARAMETERS Affordability HOUSING , (rental & ownership) Infrastructure Access to Access to Location & Capital Incentives Community (PDA, TPA, OZ) Facilities Energy Efficiency Project Benefits Fund Uses Criteria Examples - set by JPA - 10
JOINT POWERS AUTHORITY - GOVERNING BOARD - 0-2 Years: 2 + Years: FOUNDING MEMBERS NEW MEMBERS • 4 Elected Officials: • Other cities may join with one elected • 2 County BOS official per jurisdiction • 2 SR City Council 11
JOINT POWERS AUTHORITY - VOTING | REVIEW | STAFFING - • VOTING • Founding Members 1 vote per representative (2 votes total per jurisdiction) • New Members 1 vote per representative (1 vote per each new city) • GOVERNANCE REVIEW JPA will hold a public meeting after 2 years from formation • Review terms and conditions • Discuss amendments to agreement • Includes new members • STAFFING Initial staffing will be done under contract with member entities or 3 rd parties, including: • Executive Director 1 ED who may be an employee of one of the members • Treasurer Auditor-Controller-Treasurer-Tax Collector will act as initial treasurer • Staff Initial staffing will be provided by City and County staff, including City and County Counsel, CDC, HCS, PED 12
Grants SB2 Funding FINANCING Other State Funding Other Financing 13
QUESTIONS? 14
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