Making Affordable Housing a Reality: My Remarkable Year with the Irvine Community Land Trust!

In 2018, I was elected to serve as Chair of the Irvine Community Land Trust, guiding its mission of providing secure, high-quality affordable housing for the benefit of income-eligible families.  Like all Irvine Community Land Trust Board Members, I serve as a volunteer, without compensation.

I am very proud of what we accomplished at the Irvine Community Land Trust (ICLT) this year!

As we all know, Irvine is among the most expensive real estate markets in the nation; for this reason there is a tremendous need for, and tremendous obstacles to, affordable housing. 

Finding solutions to the housing and homelessness crisis has been a priority for me, both as a member of the Irvine City Council and as Chair of the Irvine Community Land Trust.  Irvine has been a model in this area and the Land Trust concept, now being adopted by Orange County and many other cities, is something that Irvine has pioneered.  No other city has a Land Trust like we have, and other cities are working to copy ours.

Here is a short video that explains the work the Irvine Community Land Trust does to create more affordable housing in Irvine:

2018 was truly a remarkable year for the Land Trust.

In 2018, we opened Parc Derian, which brings 80 new units of housing for working families, veterans, and special-needs residents of Irvine. Located in the Irvine Business Complex, Parc Derian is a beautiful multifamily community with a pool, tot lot, private parking, exercise center, computer lab, and onsite resident services.

Designed to bring employees closer to work, it is a short walk to many jobs as well as Irvine Unified Schools, public transportation, dining and shopping options. Apartments range from one- to three bedrooms and include walk-in closets, energy-efficient appliances, assigned parking and balconies.  Parc Derian is the result of a public/private partnership between the Irvine Community Land Trust, C&C Development, Innovative Housing Opportunities (IHO), Lennar Corporation, and the City of Irvine.

Also in 2018, we began work on Salerno, a new 80-unit rental community. Like Parc Derian, Salerno will provide permanent affordable housing for working families, veterans, and special-needs residents of Irvine.

Significantly, in 2018 we began to develop our first homes for ownership with help from a new partnership with Habitat for Humanity of Orange County. This new Irvine community, called Chelsea on Native Spring, located north of Irvine Boulevard, will include 68 affordable home for sale to income-eligible veterans, working families, and young professionals.

Homes will be sold to first-time homebuyers who earn up to 120 percent of the area’s medium income. In an area where the median home price is $727,000 and average annual income is around $80,000 for a family of four, many people are priced out of the market and face housing and financial uncertainties while trying to build a life in Irvine. The Chelsea on Native Spring project aims to keep those people in Irvine, especially military veterans, teachers, nurses, and young professionals.  It is expected to begin construction in 2019.

In addition to these new projects, we continued in 2018 to provide quality housing and services to 238 households living at Alegre Apartments and Doria Apartment Homes.

In all, that’s 466 households, and more than a thousand people, who can comfortably live, work and raise families in Irvine directly because of the work of the Irvine Community Land Trust.

In 2018, I traveled to Pittsburgh, Pennsylvania, to represent the Irvine Community Land Trust at a national conference on affordable housing and traveled to Sacramento, where we moved forward to convince the California Legislature to remove tax barriers to creating permanent affordable housing, meaning that more affordable housing could be built in California. We expect that this year we will have the support we need to pass the legislation and I am again making the trip to Sacramento to secure more affordable housing in our state.

It should also be noted that in 2018, the Irvine Community Land Trust became an independent 501(c)(3) nonprofit corporation. This development was envisioned as eventual in the City’s initial 2006 plan for the Land Trust, which states that the trust shall become self-sustaining and independent after it attains 200 affordable housing units. That threshold was crossed in 2017, and the Irvine Community Land Trust now owns more than 200 homes in three Irvine communities.

The move to become independent from the City of Irvine is designed to make it easier for donors and strategic partners to contribute materials, services, and funds on a tax-free basis, therefore increasing the resources that the Irvine Community Land Trust has to create more affordable housing.

The City of Irvine and its residents also benefit from the separation due to the financial savings in regard to staff salary and office space, which will no longer be provided by the City.

As ICLT Executive Director Mark Asturias explained, becoming legally independent from the City “is a tremendous win-win for both the Land Trust and the citizens of Irvine.  We can operate more efficiently and with less reliance on taxpayers, and we can apply a greater focus on our core mission – to provide high-quality affordable housing to the community.”

Moreover, in the interest of maintaining transparency and community engagement, the Irvine Community Land Trust, on my motion, has voluntarily opened all meetings to the public.  The open session format will allow members of the community to come, hear and be heard on programs and projects being implemented by the Land Trust Board.

Through this meeting format the Land Trust Board hopes to generate community interest and support for its programs, and foster collaboration on its mission to build quality affordable housing for Irvine residents.

I have also called for a City Council vote to apply the City’s Sunshine Ordinance to all non-profit agencies that receive significant funding from the City of lrvine.

Accordingly, for the January 8, 2019 City Council meeting, I have requested a presentation from City staff followed by discussion and direction from the City Council, regarding the application of the City’s Sunshine Ordinance to all non-profit entities in the community that receive significant funding from the City. Please come to the Irvine City Council meeting on Tuesday, January 8, 2019, to discuss this important matter.

Stay tuned to this blog, as well as the Land Trust’s newly launched Facebook and Linkedin pages, for more information on our progress in creating affordable housing.

2019 promises to be even more positive and exciting!

 

Irvine Community Land Trust Opens New Affordable Housing for Working Families, Veterans, and Special Needs Residents

As Chair of the Irvine Community Land Trust, I am extremely proud of the Land Trust’s most recent affordable housing accomplishment, Parc Derian, which brings 80 new units of housing for working families, veterans, and special-needs residents of Irvine.

Perc Derian officially opened on August 3, 2018.

Here is a news report from Affordable Housing Finance that I am delighted to share with you:

AFFORDABLE HOUSING FINANCE
Development to Help Fill Housing Need in Irvine, Calif.

Parc Derian will serve working families and others with special needs.

By Donna Kimura

August 13, 2018

The recently completed Parc Derian brings 80 units of housing for working families, veterans, and special-needs residents in Irvine, Calif.

The development is a public/private partnership between C&C Development, Innovative Housing Opportunities (IHO), Lennar Corp., the city of Irvine, and the Irvine Community Land Trust.

Located in the heart of the Irvine Business Complex, a major economic and job hub for the city, Parc Derian had 2,000 households on its interest list, from which 80 households were selected by lottery and all moved in within 30 days. Twenty percent of the units are designated for veterans

Developed on a 2.2-acre urban infill site as part of Irvine’s inclusionary zoning plan, the apartment community features almost a half-acre of open space, and residents are served by 5,000 square feet of community space with such amenities as a fitness room, a community room, on-site laundry facilities, and secured bicycle storage. A second-floor exterior podium deck encompasses a tot lot, an outdoor barbeque and fireplace pavilion, a swimming pool, and a community garden.

Designed by KTGY Group, the $33.6 million Parc Derian is a four-story structure featuring contemporary architecture that incorporates urban-inspired elements and finishes and is designed to achieve a LEED Gold certification. It utilizes sustainable building methods such as low-e energy-conserving windows, water saving plumbing fixtures, and LED lighting throughout the property. Advent Cos. is the general contractor.

“Parc Derian underscores our mission to design and build affordable housing that is indistinguishable from market-rate housing and provides a secure and comfortable environment for families and individuals that improves their lives and lifestyle,” said Todd Cottle, a C&C Development principal. “Design and quality of craftsmanship that is represented by Parc Derian play an important role in our properties, especially in inclusionary zoning environments such as the city of Irvine.”

Ranging in size from approximately 635 to 1,203 square feet, the one-, two-, and three-bedroom apartments have private balconies and patios and are designed to accommodate large families and special-needs individuals with household incomes between 30% and 50% of the area median income (AMI). Monthly rents range from $527 for a one-bedroom apartment to $1,218 for a three-bedroom unit, significantly lower than monthly rents for comparable market-rate apartments in the Irvine area.

To provide housing for residents with special needs, C&C Development and IHO have partnered with Families Forward to set aside apartments that are designed for family households that are experiencing homelessness or are at risk of homelessness. Families Forward assists people in crisis to achieve and maintain self-sufficiency through housing, counseling, and education.

The developers have also partnered with the Regional Centers of Orange County and United Cerebral Palsy to set aside apartments for developmentally disabled residents. The organizations help residents with disabilities reach their full potential, improve their quality of life, and foster an attitude of acceptance and inclusion.

Residents will further benefit from social services such as health and education enhancement programming offered by Lighthouse Community Center and IHO.

Parc Derian is an excellent example of public-private partnerships working creatively to provide affordable housing for Irvine’s workforce, according to Mark Asturias, executive director of the Irvine Community Land Trust, which provides land that is leased to developers such as C&C Development to build housing that will remain permanently affordable.

“Every family and individual deserves the ability to afford a home in their community,” Asturias said in a statement. “Parc Derian is a tremendous accomplishment for all the partners involved and for the Irvine community. It demonstrates how a city can partner with a home-grown nonprofit such as the Land Trust and developers to bring permanently affordable housing into the community. By providing homes people can afford, they commute less, spend more time with their family, and give back to the community they live in. Irvine is stronger with affordable housing.”

The $33.6 million Parc Derian was financed with low-income housing tax credits from the California Tax Credit Allocation Committee, a construction loan provided by Bank of America Merrill Lynch, and a permanent loan through the California Community Reinvestment Corp.

The housing tax credits, which were syndicated by National Equity Fund, generated approximately $18.4 million in equity. Additional financing was invested by the City of Irvine and Lennar Corp.