Boards of Commissioners Update. December 10, Fulton Mall, Fresno, California (559) TTY (800)

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1 Boards of Commissioners Update December 10, Fulton Mall, Fresno, California (559) TTY (800)

2 Fulton Mall, Fresno, California (559) TTY (800) Boards of Commissioners Update December 2013 Table of Contents Topic: Page HAP Pacing Update November Tuition Reimbursement 4 Real Estate Schedule 5 Fresno First Steps Home 8

BOARD UPDATE O (559) 443-8400 F (559) 445-8981 1331 Fulton Mall Fresno, California 93721 TTY (800) 735-2929 TO: Boards of Commissioners DATE: December 10, 2013 Fresno Housing Authority AUTHOR: Juan

3 BOARD UPDATE O (559) F (559) Fulton Mall Fresno, California TTY (800) TO: Boards of Commissioners DATE: December 10, 2013 Fresno Housing Authority AUTHOR: Juan Lopez FROM: Preston Prince, CEO/Executive Director SUBJECT: November 2013 Update on Leasing and Housing Assistance Payments (HAP) Pacing for the Housing Choice Voucher (HCV) Program City HCV HAP expenditures for the month of November totaled $3,612,531. The Per Unit Cost (PUC) has decreased from the month of October at $539 to $536 for the month of November. HAP expenditures for the year are projected at $44.24 million, resulting in % utilization of HAP funding. We will end the year with a balance of $1.2 million in total HAP reserves. The overall projected voucher utilization for CY 2013 is 99.93%, ending the month of December at 96.97%. County HCV HAP expenditures for the month of November totaled $2,991,983. The PUC remained the same from the month of October to November at $518. HAP expenditures for the year are projected at $34.56 million, resulting in % utilization of HAP funding. We will end the year with a balance of $745,865 in total HAP reserves. The overall projected voucher utilization for CY 2013 is 99.78%, ending the month of December at %. 1

4 City HAP Pacing Report CITY HAP ANALYSIS - CALENDAR YEAR 2013 With Sequestration HAP Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 CY 2013 Total Total HAP Revenue 3,664,943 3,664,943 3,664,943 3,909,901 3,393,020 3,393,020 3,370,640 3,987,488 3,372,671 3,189,406 4,068,228 3,189,408 42,868,610 HAP Expenses 3,676,574 3,785,573 3,742,082 3,811,260 3,836,410 3,807,993 3,639,233 3,592,404 3,551,353 3,584,510 3,612,531 3,597,528 44,237,450 Net HAP (11,631) (120,630) (77,139) 98,641 (443,390) (414,973) (268,593) 395,084 (178,682) (395,104) 455,697 (408,120) (1,368,840) Items Impacting NRA* (529) 52,937 (1,250) 1,133 (406) 31, ,313 (502) 203 4,523 4,767 94,929 PHA-Held Reserve Balance $2,047,915 $1,980,222 $1,901,833 $2,001,607 $1,557,811 $1,174,558 $905,985 $1,303,382 $1,124,197 $729,296 $1,189,517 $786,164 $786,164 Items Impacting HUD Reserve $0 $0 $0 -$699,301 $84,484 $0 $0 -$614,817 $0 $581,440 -$878,820 $0 -$1,527,014 HUD-Held Reserve Balance $1,942,627 $1,942,627 $1,942,627 $1,243,326 $1,327,810 $1,327,810 $1,327,810 $712,993 $712,993 $1,294,433 $415,613 $415,613 $415,613 Total Reserve Balance $3,990,542 $3,922,849 $3,844,460 $3,244,933 $2,885,621 $2,502,368 $2,233,795 $2,016,375 $1,837,190 $2,023,729 $1,605,130 $1,201,777 $1,201,777 Monthly Utilization % % % 97.48% % % % 90.09% % % 88.80% % YTD Utilization % % % % % % % % % % % % % VOUCHER UTILIZATION Baseline 6,924 6,924 6,924 6,924 6,924 6,924 6,924 6,924 6,924 6,924 6,924 6,924 83,088 Total Unit Months Leased 7,057 7,170 7,094 7,146 7,151 7,132 6,812 6,698 6,658 6,653 6,742 6,714 83,027 Variance (112) (226) (266) (271) (182) (210) (61) YTD Baseline 6,924 13,848 20,772 27,696 34,620 41,544 48,468 55,392 62,316 69,240 76,164 83,088 83,088 YTD Unit Months Leased 7,057 14,227 21,321 28,467 35,618 42,750 49,562 56,260 62,918 69,571 76,313 83,027 83,027 Monthly Utilization % % % % % % 98.38% 96.74% 96.16% 96.09% 97.37% 96.97% YTD Utilization % % % % % % % % % % % 99.93% 99.93% 5,148,559 ADMINISTRATIVE FEES Administrative Fees Earned 346, , , , , , , , , , , ,651 4,060,875 Administrative Expenses 247, , , , , , , , , , , ,215 4,641,914 Monthly Surplus/(Deficit) 98,324 (19,300) (124,690) (518) (61,567) (21,171) (36,999) (227,469) (48,695) (48,937) (44,452) (45,564) YTD Surplus/(Deficit) 98,324 79,024 (45,666) (46,184) (107,751) (128,922) (165,921) (393,390) (442,085) (491,022) (535,475) (581,039) (581,039) AVG HOUSEHOLD INCOME Avg Household Inc. 10,361 10,395 10,394 10,304 10,398 10,409 10,412 10,397 10,360 10,360 10,360 10,360 10,376 Per Unit Cost *Items impacting NRA include: Fraud Recoveries, FSS Escrow Forfeitures, Interest earned on HAP Reserves, and HUD - Required Reserve Utilization Updated as of 12/10/2013 2:49 PM 2

5 County HAP Pacing Report COUNTY HAP ANALYSIS - CALENDAR YEAR 2013 With Sequestration HAP Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 CY 2013 Total Total HAP Revenue 1,938,051 2,770,915 2,770,915 2,847,862 2,629,531 2,629,531 2,535,486 1,790,046 2,944,164 3,088,909 3,606,374 2,622,909 32,174,694 HAP Expenses 2,652,989 2,712,533 2,781,036 2,804,636 2,843,221 2,836,734 2,916,389 3,074,577 2,998,513 2,977,763 2,991,983 2,973,325 34,563,699 Net HAP (714,938) 58,382 (10,121) 43,226 (213,690) (207,203) (380,903) (1,284,531) (54,349) 111, ,391 (350,416) (2,389,005) Items Impacting NRA* (856) 33,852 2,005 13, ,891 2, ,689 2,410 64,425 PHA-Held Reserve Balance $2,102,553 $2,194,787 $2,186,671 $2,243,132 $2,029,941 $1,831,629 $1,452,750 $168,393 $114,190 $225,692 $841,773 $493, ,767 Items Impacting HUD Reserve $0 $0 $0 -$359,703 $0 $0 $920,288 $0 -$321,254 -$466,000 -$983,465 $0 -$1,210,134 HUD-Held Reserve Balance $1,462,232 $1,462,232 $1,462,232 $1,102,529 $1,102,529 $1,102,529 $2,022,817 $2,022,817 $1,701,563 $1,235,563 $252,098 $252,098 $252,098 Total Reserve Balance $3,564,785 $3,657,019 $3,648,903 $3,345,661 $3,132,470 $2,934,158 $3,475,567 $2,191,210 $1,815,753 $1,461,255 $1,093,871 $745,865 $745,865 Monthly Utilization % 97.89% % 98.48% % % % % % 96.40% 82.96% % YTD Utilization % % % % % % % % % % % % % 5,148,559 VOUCHER UTILIZATION Baseline 5,604 5,604 5,604 5,604 5,604 5,604 5,604 5,604 5,604 5,604 5,604 5,604 67,248 Total Unit Months Leased 5,224 5,343 5,408 5,446 5,501 5,479 5,672 5,914 5,857 5,747 5,773 5,737 67,101 Variance (380) (261) (196) (158) (103) (125) (147) YTD Baseline 5,604 11,208 16,812 22,416 28,020 33,624 39,228 44,832 50,436 56,040 61,644 67,248 67,248 YTD Unit Months Leased 5,224 10,567 15,975 21,421 26,922 32,401 38,073 43,987 49,844 55,591 61,364 67,101 67,101 Monthly Utilization 93.22% 95.34% 96.50% 97.18% 98.16% 97.77% % % % % % % YTD Utilization 93.22% 94.28% 95.02% 95.56% 96.08% 96.36% 97.06% 98.12% 98.83% 99.20% 99.55% 99.78% 99.78% ADMINISTRATIVE FEES Administrative Fees Earned 256, , , , , , , , , , , ,926 3,286,706 Administrative Expenses 209, , , , , , , , , , , ,773 3,655,170 Monthly Surplus/(Deficit) 46,583 (48,651) (131,490) (3,707) (5,280) (24,931) (13,792) (150,313) (2,159) (12,052) (10,826) (11,848) YTD Surplus/(Deficit) 46,583 (2,069) (133,558) (137,265) (142,545) (167,476) (181,268) (331,581) (333,740) (345,791) (356,617) (368,465) (368,465) AVG HOUSEHOLD INCOME Avg Household Inc. 10,259 10,277 10,298 10,271 10,195 10,200 10,174 10,204 10,149 10,149 10,149 10,149 10,206 Per Unit Cost *Items impacting NRA include: Fraud Recoveries, FSS Escrow Forfeitures, Interest earned on HAP Reserves, and HUD - Required Reserve Utilization Updated as of 12/10/2013 2:49 PM 3

6 BOARD UPDATE O (559) F (559) TO: Boards of Commissioners DATE: December 10, 2013 Fresno Housing Authority AUTHOR: Tracewell Hanrahan FROM: Preston Prince, CEO SUBJECT: Tuition Reimbursement Program Update 1331 Fulton Mall Fresno, California TTY (800) The Tuition Reimbursement Program continues to provide encouragement and financial assistance to employees who successfully complete courses of instruction to improve their effectiveness in their current positions and to attain promotional advancement in their chosen career field. This year, 14 employees are currently enrolled in classes leading to various degree programs, predominantly in Business Administration, Public Administration and Organizational Leadership. Three employees successfully completed their degree programs earlier this year (one AA, one BA and one MA) and a fourth employee is on schedule to complete their BA degree by year s end. For 2013 to date, total reimbursements paid out is $29, Remaining balance of funds in the program for 2013 is $45, With the currently approved classes yet to be reimbursed, and assuming a 90% maximum reimbursement, $9, is earmarked for payout, leaving a balance of $36, in unused funds for To date, 5 employees are expected to complete their degree programs in 2014; 6 employees are on schedule to finish in 2015, and 2 are scheduled to complete programs in

7 BOARD UPDATE O (559) F (559) TO: Boards of Commissioners DATE: December 10, 2013 Fresno Housing Authority AUTHOR: Tracewell Hanrahan FROM: Preston Prince, CEO SUBJECT: Real Estate Schedule (Housing Assets report) 1331 Fulton Mall Fresno, California TTY (800) Summary Per the request of the Boards, the attached Real Estate Schedule (Housing Assets report) has been provided. This report outlines all properties, property type, and corresponding details of each property owned and/or operated by the Fresno Housing Authority. 5

8 Form of Schedule of Real Estate Name of Owner: Fresno Housing Authority and Affiliates Agency Property Name Address City ST Zip Property Type Project Type Total Units CO Date % of Ownership 1 BOB, Inc. Fresno Villa Del Mar 3950 N. Del Mar Ave Fresno CA Multifamily Tax Credit % $6,059,000 2 BOB, Inc. Brierwood Court (E.P. Investors) 4402 W. Avalon Ave. Fresno CA Multifamily Tax Credit % $7,600,216 3 BOB, Inc. Elderberry at Bethel (Sanger Seniors Limited) th Street Sanger CA Multifamily Tax Credit % $6,364,576 4 City FHA Yosemite Village California and Delno Avenues Fresno CA Multifamily Mixed Finance Public Housing % $13,600,000 5 City FHA El Cortez 4949 N Gearhart Ave Fresno CA Multifamily 80/20 Bond Financed % $5,607,966 6 City FHA The Woodside Apartments 3212 E Ashcroft Ave Fresno CA Multifamily 80/20 Bond Financed % $9,357,048 7 City FHA Dayton Square Apartments 3050 E Dayton Ave Fresno CA Multifamily 80/20 Bond Financed % $7,276,679 Estimated Value 8 County FHA Granada Commons North of West California, between 9th & 12th Kerman CA Multifamily Tax Credit/Housing % $3,862,920 9 City FHA Parc Grove Commons South 2674 E. Clinton Ave Fresno CA Multifamily Tax Credit/Housing/PBV % $43,618, City FHA Renaissance at Trinity 532 S. Trinity Fresno CA Special Tax Credit / PBV % $3,569, City FHA Renaissance at Alta Monte 205 N. Blackstone Fresno CA Special Tax Credit % Lease Up City FHA Renaissance at Santa Clara 1555 Santa Clara Fresno CA Special Tax Credit % Lease UP City FHA Pacific Gardens 5161 E. Kings Canyon Road Fresno CA Multifamily Tax Credit / Housing % $7,233, City FHA Bridges at Florence Fresno CA Multifamily Tax Credit % 15 City FHA Parc Grove Commons Northwest 2674 E. Clinton Ave Fresno CA Multifamily Tax Credit % 16 City FHA Sequoia Courts SE Corner Thorne and Dunn Avenues Fresno CA Multifamily Traditional Public Housing % NA 17 City FHA Sequoia Courts Terrace North of O'Neil Avenue and west of Trinity Street Fresno CA Multifamily Traditional Public Housing % NA 18 City FHA Monte Vista Terrace NW Corner First and Tyler Avenues Fresno CA Multifamily Traditional Public Housing % NA 19 City FHA Garland Gardens 3726 North Pleasant Avenue Fresno CA Multifamily Cal HFA % NA 20 City FHA Sierra Plaza 854 Tulare Ave Fresno CA Multifamily Traditional Public Housing % NA 21 City FHA Fairview Heights Terrace 704 California Ave Fresno CA Multifamily Traditional Public Housing % NA 22 City FHA Sierra Terrace 501 California Avenue Fresno CA Multifamily Traditional Public Housing % NA 23 City FHA DeSoto II Maud and Geary Fresno CA Multifamily Traditional Public Housing % NA 24 City FHA Townsend 3129 E. Townsend Fresno CA Single Traditional Public Housing % NA 25 City FHA Cedar Courts Hamilton, Chance & Woodward Fresno CA Multifamily Traditional Public Housing % NA 26 City FHA Cedar Courts II Hamilton & Cedar Avenues Fresno CA Multifamily Traditional Public Housing % NA 27 City FHA Viking Village 4250 North Chestnut Fresno CA Multifamily Traditional Public Housing % NA 28 City FHA Inyo Terrace 510 South Peach Fresno CA Multifamily Traditional Public Housing % NA 29 City FHA Marcelli Terrace 4887 North Barcus Highway City CA Multifamily Traditional Public Housing % NA 30 City FHA Pinedale Apartments West Pinedale Avenue Fresno CA Multifamily Traditional Public Housing % NA 31 City FHA Pinedale Apartments West Pinedale Avenue Fresno CA Multifamily Traditional Public Housing % NA 32 City FHA DeSoto Gardens California and Maud Avenues Fresno CA Multifamily Traditional Public Housing % NA 33 City FHA Mariposa Meadows 1011 West Atchinson Avenue Fresno CA Multifamily Farm Labor Housing % NA 34 City FHA Emergency Housing 4041 Plaza Drive Fresno CA Multifamily Fresno County % NA 35 County FHA Shockley Terrace 1445 Peach Street Selma CA Multifamily Traditional Public Housing % NA 36 County FHA Memorial Village 302 K Street Sanger CA Multifamily Traditional Public Housing % NA 37 County FHA Magill Terrace 401 Nelson Street Fowler CA Multifamily Traditional Public Housing % NA 38 County FHA Del Rey Complex 5662 Oaklane Street Del Rey CA Multifamily Traditional Public Housing % NA 39 County FHA Laton Apartments 6601 Latonia Ave Laton CA Multifamily Traditional Public Housing % NA 40 County FHA Wedgewood Commons 2415 Fifth Sanger CA Multifamily Traditional Public Housing % NA 41 County FHA Sunset Terrace 629 East Springfield Reedley CA Multifamily Traditional Public Housing % NA 42 County FHA Kuffel Terrace 791 I Street Orange Cove CA Multifamily Traditional Public Housing % NA 43 County FHA Oak Grove 595 Bigger Avenue Parlier CA Multifamily Traditional Public Housing % NA 44 County FHA Kuffel Terrace Anex th Street Orange Cove CA Multifamily Traditional Public Housing % NA 45 County FHA Mountain View Apartments 1270 South Ave Orange Cove CA Multifamily Traditional Public Housing % NA 46 County FHA Parlier Migrant Center 880 South Academy Avenue Parlier CA Multifamily Migrant Center % NA 47 County FHA Citrus Gardens FLH 201 Citrus Avenue & th Street Orange Cove CA Multifamily Farm Labor Housing % NA 48 County FHA Orchard Apartments FLH 295 South Newmark Avenue Parlier CA Multifamily Farm Labor Housing % NA 49 County FHA Mendoza Terrace 1613 Mendoza Drive Firebaugh CA Multifamily Traditional Public Housing % NA 50 County FHA Mendoza Terrace II Allard Dr and Clyde Fannon Road Firebaugh CA Multifamily Traditional Public Housing % NA 51 County FHA Firebaugh Elderly 1662 Thomas Conboy Avenue Firebaugh CA Multifamily Traditional Public Housing % NA 52 County FHA Cardella Courts 421 P Street Firebaugh CA Multifamily Traditional Public Housing % NA 53 County FHA Firebaugh FLH Clyde Fannon and P Streets Firebaugh CA Multifamily Farm Labor Housing % NA 54 County FHA Maldonado Migrant Center Thomas Conboy Avenue Firebaugh CA Multifamily Migrant Center % NA 55 County FHA Helsem Terrace 938 South Ninth Street Kerman CA Multifamily Traditional Public Housing % NA 56 County FHA Biola Apartmentrs 4955 Seventh Street Biola CA Multifamily Traditional Public Housing % NA 57 County FHA Rios Terrace 424 Derrick Blvd Mendota CA Multifamily Traditional Public Housing % NA 58 County FHA Rios Terrace II 111 Straw Ave & 101 Tuft Street Mendota CA Multifamily Traditional Public Housing % NA 59 County FHA Mendota Apartments 778 Quince Street Mendota CA Multifamily Traditional Public Housing % NA 6

9 Form of Schedule of Real Estate Name of Owner: Fresno Housing Authority and Affiliates Agency Property Name Address City ST Zip Property Type Project Type Total Units CO Date % of Ownership 60 County FHA Mendota FLH Tuft Street Mendota CA Multifamily Farm Labor Housing % NA 61 County FHA Taylor Terrace 8412 Fifth Street San Joaquin CA Multifamily Traditional Public Housing % NA 62 County FHA San Joaquin Apartments West Idaho Street San Joaquin CA Multifamily Traditional Public Housing % NA 63 County FHA Cazares Terrace O Street Huron CA Multifamily Traditional Public Housing % NA 64 County FHA Cazares Terrace II P Street Huron CA Multifamily Traditional Public Housing % NA 65 County FHA Sunset Terrace II Scattered Reedley CA Multifamily Traditional Public Housing % NA 66 County FHA Huron Apartments Scattered Huron CA Multifamily Traditional Public Housing % NA 67 County FHA Parkside Apartments North Giffen Ave Huron CA Multifamily Cal HFA % NA Estimated Value TOTALS 3196 $114,150,147 7

10 BOARD UPDATE O (559) F (559) Fulton Mall Fresno, California TTY (800) TO: Boards of Commissioners Fresno Housing Authority FROM: Preston Prince, CEO SUBJECT: Fresno First Steps Home Executive Summary DATE: December 10, 2013 AUTHOR: Tracewell Hanrahan In April 2013, the Boards approved a partnership with Fresno First Steps Home (FFSH) to address homelessness in housing and services. A summary of the goals of our partnership includes: Enhance and provide additional outreach and engagement to individuals residing in encampment areas Assessment of housing needs and coordination of services Reporting regularly to the FFSH Board on outreach activities, provision of housing, client concerns, budget progress, and expected funding needs. Attached is a recent update provided to the FFSH Board that illustrates the progress of our partnership. 8

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Boards of Commissioners Update. February Fulton Mall, Fresno, California (559) TTY (800)

Boards of Commissioners Update February 2018 www.fresnohousing.org 1331 Fulton Mall, Fresno, California 93721 (559) 443-8400 TTY (800) 735-2929 Boards of Commissioners Update February 2018 Table of Contents