TITLE
Recommendation to authorize Executive Director, or designee, to release a Request for Proposals (RFP) advertising the availability of Project-Based Vouchers (PBV) and solicit participation in the program from interested property owners of affordable units; and
Authorize Executive Director, or designee, to negotiate and execute agreement(s) to enter into Housing Assistance Payment contract(s) for PBV assistance in accordance with Housing and Urban Development (HUD) guidelines for qualified proposals submitted in response to this RFP and also approved by HUD. (Citywide)
DISCUSSION
Chapter 17 of the Housing Authority of the City of Long Beach (HACLB) Administrative Plan regarding Project-Based Voucher Rental Assistance was established and approved by the Housing Authority Commission on September 11, 2018.
The PBV Program in Long Beach has been designed to meet affordable housing needs in opportunity areas within the City as required by the statute. To date, the HACLB has 662 project-based units and has committed an additional 86 units within the next two years. These developments ensure that affordable housing opportunities will exist for decades to come.
This new RFP is designed to further deconcentrate poverty and expand housing economic opportunities for low income families. This monumental task takes the collaboration of many entities to provide appropriate housing alternatives. Therefore, the HACLB is looking to partner with property owners through the PBV Program to construct and/or upgrade affordable housing units.
The selected development(s) will have up to 150 affordable units of permanent housing. To begin construction and/or rehab of the development(s), the HACLB and the owner(s) must execute an agreement to enter into a Housing Assistance Payment (HAP) contract. The HAP contract between the HACLB and the owner(s) establishes the initial rents for the units and describes the responsibilities of the HACLB and the owner(s). Once work i...
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