City of Irvine Wins National Awards for Budgeting and Fiscal Transparency!

I am proud to announce that the City of Irvine has been awarded the Distinguished Budget Presentation Award by the Government Finance Officers Association of the United States and Canada (GFOA).

The award is the highest form of recognition in government budgeting for a city.

It is a significant achievement by the City of the Irvine. The award reflects the commitment of the Irvine City Council, our City Manager, and City staff to meeting the highest principles of governmental budgeting.

In order to receive the budget award, the City had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity’s budget serves as: a policy document, a financial plan, an operations guide, and a communications device. Budget documents must be rated “proficient” in all four categories, and the 14 mandatory criteria within those categories, to receive the award.

In addition, the City received the Excellence Award for Fiscal Year 2018-19 Operating Budget from the California Society of Municipal Finance Officers.

There are more than 1,600 participants in the Budget Awards Program. The most recent Budget Award recipients, along with their corresponding budget documents, are posted quarterly on GFOA’s website. Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.

These awards come at a crucial time as the City of Irvine begins to apply several increases in fiscal responsibility and government transparency that I strongly urged and supported — a two-year budget in the context of a comprehensive five-year financial plan and an Irvine Sunshine Ordinance that expands review time of all regular agenda items to 12 days.

Last year, the City of Irvine received the Certificate of Achievement for Excellence in Financial Reporting for the Comprehensive Annual Financial Report from the Government Finance Officers Association , as well as two other prestigious awards: The GFOA Distinguished Budget Presentation Award representing the City’s commitment in meeting the highest principles of governmental budgeting, and the California Society of Municipal Finance Officers Award for Excellence in Operational Budget.

I also received the Orange County Taxpayers Watchdog Award from Orange County Auditor-Controller Eric H. Woollery, along with Mayor Don Wagner and Councilmember Christina Shea.

As a member of the Irvine City Council, I am extremely proud of these awards. But much more important to me is the fact that our City is truly serving its residents with fiscal responsibility and transparency.

I ran for City Council on a platform of using my skills as a business attorney to safeguard every public dollar, and I have kept that promise by making sure that Irvine is financially transparent and doesn’t spend more than it can afford.

These awards reflect the commitment that I and my colleagues on the Irvine City Council, as well as our Finance Commissioners and our professional City staff, have made to the taxpayers and residents of Irvine, and to the principles of government transparency and fiscal responsibility.

Government transparency and fiscal responsibility should be neither a conservative nor a liberal idea, but appeal to both, as we strive to address increasing social needs with limited resources.

 

 

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!

 

Let the Sunshine In! Apply Irvine’s Sunshine Ordinance to All Non-Profits Receiving Significant City Funding!

Let the sunshine in!

As an Irvine City Councilmember, I am proud of my record regarding increasing government accountability, openness, and transparency.

In 2017, I received the Orange County Taxpayers Watchdog Award for “demonstrating dedication to the protection of taxpayer funds and for the advocacy of government transparency and fiscal responsibility.”

In February 2018, I was the only member of the Irvine City Council to oppose Measure D, because I believe that Irvine residents must continue to have a strong voice in determining how our city grows.

This year, I enthusiastically supported the City’s adoption of the Irvine Sunshine Ordinance, which expands public notice to four times longer than California law requires and will prevent government action without full and informed participation and input from the community.

In addition, I have supported approval of a two-year budget cycle, up from the present one-year budget, along with a five-year financial planning program, to bring more accountability to government spending.

We need to do more.

This week, on my motion, the Irvine Community Land Trust, which I chair, has voluntarily opened all future meetings to the public. 

The Irvine Community Land Trust intends the open meeting format to allow members of the community to come, hear, and be heard on programs and projects being implemented by the board.  Through this meeting format, the Land Trust hopes to generate input, interest, and support for its projects and funding programs from the community. All Irvine Community Land Trust board meetings will be open to the public beginning the next regularly scheduled meeting.

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.

You can find more information about speaking at our Irvine City Council meetings here.

See you there!

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.

 

 

Councilmember Melissa Fox Receives Award on Behalf of the Irvine Community Land Trust for Opening of New Permanent Affordable Housing in Irvine

Irvine, CA — Irvine City Councilmember Melissa Fox today received an award on behalf of the Irvine Community Land Trust for the opening of new permanent affordable housing in Irvine.

The new housing project is Parc Derian, an 80-unit,100% permanent affordable housing community.  Eight units (10%) are reserved for veterans, four units are reserved for “at risk” families through Families Forward, and four units are reserved for disabled individuals.

Councilmember Fox is the Chair of the Irvine Community Land Trust.  She has made creating more affordable housing a priority.  In addition to her work on the Irvine City Council and the Irvine Community Land Trust, Councilmember Fox has made numerous trips to Sacramento to testify before legislative committees and to work with the state legislators, including State Senators John Moorlach, Jim Beall, Scott Wiener, and Janet Nguyen, and Assemblymember Sharon Quirk-Silva on solutions to the California housing crisis.

In addition to the Irvine Community Land Trust, other partners in the Parc Derian project included the City of Irvine, the U. S. Department of Housing and Urban Development, the California Tax Credit Allocation Committee, the National Equity Fund, the Bank of America, C & C Development, Lennar Corporation, Innovative Housing Opportunities (IHO), Orange County and United Cerebal Palsy, Familes Forward, and Lighthouse Community Centers.

Parc Derian is located within the Irvine Business Complex (IBC).

At the opening ceremony, Councilmember Fox made the following remarks:

“Good afternoon and welcome. I’m delighted that you have come to enjoy the grand opening of our latest affordable housing project.

Many of you may wonder what is the Irvine Community Land Trust and why are we involved in this project.  The Irvine Community Land Trust was established by the City in 2006.  We were the City’s homegrown nonprofit created to hold land in perpetuity for affordable housing.

Three years ago, in partnership with the City and C&C Development, we started development of our second affordable housing project – Parc Derian.  Today you see the finished product.  But what you may not realize is that this property will always be affordable.  This is because the Irvine Community Land Trust, as a nonprofit, holds land for the community in perpetuity. This was and is the vision the City had when it created the Irvine Community Land Trust.

Today, the Irvine Community Land Trust remains committed to implementing the City’s vision of creating permanent affordable housing. It bears repeating that the City’s vision of housing for Irvine is that we have “a full spectrum of housing types to meet the needs of all income groups at all stages of life that will be permanently affordable.”

You have heard how Parc Derian serves families, special needs residents, and veterans.  You will hear from some of these residents shortly.  Remember, because of the Irvine Community Land Trust’s commitment to permanent affordable housing, these residents will never fear that they might be displaced from their homes because of market rate rent increases. These homes provide a high quality of life for today’s and tomorrow’s residents.

And we have made these homes wonderfully affordable to residents with rents as low as $570 per month. Parc Derian gives individuals and families a sense of community; it is not a coincidence that “community” is part of our name.

As we celebrate the successful completion of this project and the partnership we have with the City,  we also look forward to our next housing permanent affordable developments.  A new 80-unit rental project along Sand Canyon is in the design phase and should break ground this time next year.  And looking beyond that project, we are anticipating more land and funding from the City to the Land Trust to create more permanently affordable housing.

As the City’s nonprofit we will develop future properties and assure the community that they will never be lost or converted to market rate housing.

We call this commitment “stewardship” — and you have our solemn promise that we will always strive to meet the vision of creating and managing a full spectrum of housing opportunities for families, as the Irvine Community Land Trust continues to work with the City to create more permanent affordable housing for our residents.”