Joint Meeting: Glendale City Council and Glendale Housing Authority

Summary

The Glendale City Council is considering the adoption and authorization to submit the Fiscal Year 2025-2026 Annual Budget for Measure A Funds to the Los Angeles County Affordable Housing Solutions Agency (LACAHSA). This budget outlines proposed activities for affordable housing in Glendale using funds generated by Measure A, a half-cent sales tax approved by LA County voters. Glendale is projected to receive approximately $5.1 million in FY 2025-26 from Measure A, in addition to $464,507 in Local Solutions Funds for homeless services. The proposed budget allocates funds across four categories: Production, Preservation, and Ownership (PPO) for new and existing affordable housing ($2.65M), Renter Protection & Homelessness Prevention (RPHP) for eviction and homelessness stabilization ($2.11M), Technical Assistance (TA) for administering programs ($351K), and Program Administration ($510K). The City Council will also approve a Resolution of Appropriation to allocate these funds.

Citizen Impact

This action allows Glendale to access over $5.1 million in state and county funds dedicated to increasing affordable housing, preserving existing units, and providing renter protections and homelessness prevention services for residents.

Confidence

high

Summary

This item is a request to Note and File the Fiscal Year 2024-25 Low and Moderate Income Housing Asset Fund (LMIHAF) Annual Report. This report is required by California State Law and details the deposits, expenditures, and fund balance of the LMIHAF, which was established from former redevelopment agency housing assets.

Key Financials for FY 2024-25:

• Deposits: $672,770 (from loan repayments and First Time Homebuyer Program payments).
• Expenditures: $1,115,291 (primarily for construction costs at Citrus Crossing and Harrower Village, and purchase of a condo unit for affordability).
• Ending Fund Balance (June 30, 2025): Approximately $3.8 million.

Compliance and Programmatic Notes:

• Extremely Low Income Housing: The report indicates that only 16.67% of funded units (29 out of 174) were for extremely low-income households, falling below the required 30% minimum. Consequently, the next affordable housing projects must target extremely low-income households at a rate of 50% of the Authority's LMIHAF until compliance is demonstrated.
• Senior Housing: Glendale passed the "Senior Housing Test" for the past ten years, with 50.6% of assisted rental units being for seniors. This means LMIHAF can continue to be used for affordable senior units without restriction for the next year.
• Homeownership Units: 111 First Time Homebuyer (FTHB) units with LMIHAF loans originated before February 1, 2012, remained active. Of these, 12 were lost in FY 2024-25 (2 paid off, 10 expired after their 30-year term).

Citizen Impact

Residents will be informed about how funds designated for affordable housing are being used. Notably, the city must now prioritize projects for extremely low-income households due to past under-compliance, potentially increasing housing options for the most vulnerable populations.

Confidence

high