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 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 October 1, 2018.
The PBV Program in Long Beach has been designed to meet affordable housing needs in opportunity areas within the city as the statute required. To date the housing authority has project based 885 units and has committed an additional 142 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 for property owners seeking to preserve affordability or interested in constructing new housing units, or control of site to construct affordable units as a partner with the HACLB.
The selected development(s) will have up to 250 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 a Housing Assistance Payment Contract (AHAP). The AHAP between the HACLB and the owner(s) establishes the initial rents for the units and describes the respon...
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