HomeMy WebLinkAboutRes 097 - Applic - Affordable Hsg - La Pine
Deschutes County Board of Commissioners
1300 NW Wall St., Suite 200, Bend, OR 97701-1960
(541) 388-6570 - Fax (541) 385-3202 - www.deschutes.org
AGENDA REQUEST & STAFF REPORT
For Board Business Meeting of June 30, 2008
_____________________________
Please see directions for completing this document on the next page.
DATE : 06/25/08
FROM : Teresa Rozic Property & Facilities 385-1414
TITLE OF AGENDA ITEM:
Consideration of signature of Resolution 2008-097, amending Resolution 2008-036 to provide an
extension to finalize funding for an affordable housing project.
PUBLIC HEARING ON THIS DATE? No
BACKGROUND AND POLICY IMPLICATIONS:
In August 2006 Oregon Housing and Community Services Department (OHCS) and Deschutes County
entered into a Memorandum of Understanding for OHCS to manage a Request for Applic ations process
which could lead to the development of affordable housing on approximately 4.5 acres of county-
owned land in La Pine. The MOU expires June 30, 2008.
OHCS conducted that process; the deadline for applications was January 31, 2008. On March 26, 2 008,
the Board of County Commissioners passed Resolution 2008-036 approving Pacific Crest Affor dable
Housing LLC's application for state funding. Pacific Crest proposes to build a 26-unit apartment
building for seniors. The resolution gave Pacific Crest until June 30, 2008 to eliminat e a gap in funding
for the project.
Pacific Crest has demonstrated through additional funding sources and changes in pr oject scope that the
funding gap is significantly reduced. Pacific Crest has requested a 90-day ex tension to finalize funding.
FISCAL IMPLICATIONS:
None
RECOMMENDATION & ACTION REQUESTED:
Staff recommends an extention to September 30, 2008 for Pacific Crest Affordable Hous ing LLC to
close the funding gap for this project. Staff also recommends that the MOU be extended to September
30, 2008.
ATTENDANCE: Teresa Rozic
DISTRIBUTION OF DOCUMENTS:
Copy of signed Resolution to Teresa Rozic.