REQUEST FOR HOUSING AUTHORITY ACTION
SUBMITTED TO: Honorable Chair and Board Members
SUBMITTED BY: Travis Hopkins, City Manager
VIA: Jennifer Villasenor, Director of Community Development
PREPARED BY: Charles Kovac, Housing Manager
Subject:
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Approve and Authorize Execution of the Third Amendment to the Affordable Housing Agreement and the Second Amendment to the Declaration of Covenants, Conditions and Restrictions to Extend Affordability Covenants by Three Years for the Five Points Senior Villas Project (Revised Request) - continued from the August 19, 2025, meeting
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Statement of Issue:
On August 19, 2025, the City Council, acting as the Huntington Beach Housing Authority, continued agenda Item 19 (25-637) to September 2, 2025, in order for City staff to renegotiate the proposed extension of the existing affordability covenants at the Five Point Senior Villas apartment project located at 18651 Florida Street ("Project"). Five Points Senior, L.P. ("Owner") has agreed to increase their affordability covenant extension from one year as proposed on August 19 to three years. Attachment No. 3 contains a memorandum to the Housing Authority Board that outlines the Owner's plan of action over the next three years and the revised recommended actions for the Housing Authority Board to consider on September 2, 2025.
The Huntington Beach Housing Authority ("Authority") is requested to approve a three-year extension of existing affordability covenants for the Five Points Senior Villas Apartments, a 164-unit senior housing community located at 18651 Florida Street. The extension would maintain existing income restrictions on 48 units (32 very low-income and 16 low/moderate-income) through July 30, 2029. The extension has been requested by the property owner and would be implemented through amendments to the existing Affordable Housing Agreement and Declaration of Covenants, Conditions, and Restrictions.
Financial Impact:
There is no fiscal i...
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