Successor Agency Organizational Chart Redevelopment Manager Project Manager Building Inspector II Accounting Specialist Lupe Gomez Charles Scott Lupita Duran Dr. Kofi Sefa-Boakye

MISSION STATEMENT PROVIDE A SUSTAINABLE ENVIRONMENT THROUGH:  ECONOMIC GROWTH  Sale of Agency Properties for Commercial retail development  AFFORDABLE HOUSING  Sell and Construct Affordable homes for low and moderate income families  JOB PRODUCTION  Incorporate First Source Hiring Policy in Purchase and Sale Agreement (PSA) to enhance youth employment

4 MISSION STATEMENT SUSTAINABLE COMMUNITY. ECONOMIC GROWTH JOB PRODUCTION: FIRST SOURCE HIRING, OJT, APPRENTICESHIP POLICY RETAIL /COMMERCIAL DEVELOPMENTS AFFORDABLE HOUSING DEVELOPMENT

CORE FUNCTIONS  Wind down Agency activities, programs and projects thru sale and disposition of over 30 properties for retail, commercial and residential development  Manage the completion of North Downtown Master Plan-Public Facility and Infrastructure Improvement projects  Administer a newly created Moderate Income Housing Fund Program to provide funding for production, preservation and expansion of affordable housing opportunities  Manage and maintain Agency -owned vacant parcels  Conduct monthly meetings with the State Oversight Board Commission on behalf of the Department of Finance  Negotiate Purchase and Sale Agreements with prospective developers to cause disposition of Agency-owned parcels  Oversee the expenditure accounts of Tax Allocation Bonds and Tax Increment Revenues

ACCOMPLISHMENTS  Completed the Dollarhide Community Center and Multi-Level Parking Structure  Completed the 75-Unit META Housing Seniors Development (Phase I  Negotiated the Sale of Agency-owned property to Neighborhood Housing Services (NHS) to develop 950 W. Alondra Blvd  Administered the various expenditure accounts of Tax Allocation Bond/RPTTF and Administrative funds  Worked with the Oversight Board and DOF to secure approval for transfer of Agency’s Housing Bond Proceeds in the amount of $9mil for new housing developments  Assisted in processing TEFRA application towards the rehabilitation of St. Timothy’s Manor  Facilitated the completion of the Jasmine Gardens Rehabilitation Project (formerly Park Village)  Secured Brownfield Assessment funds in the amount of $400k to remediate polluted properties along the I-710 Corridor

NORTH DOWNTOWN PROJECTS THE COMPTON SENIOR APARTMENT – PHASE I META HOUSING CORPORATION THE DOUGLAS DOLLARHIDE COMPTON COMMUNITY CENTER AND PARKING STRUCTURE

Gateway Towne Center Phase II El Pollo Loco – Grand Opening

Jasmine Gardens (Formerly Park Village) GRAND OPENING

CHALLENGES Lack of Affordable Housing Pedestrian Oriented Commercial /Retail outlets in the Downtown High concentration of local unemployment Funds to remediate contaminated sites

SOLUTIONS  Cause the Sale of City owned parcels thru the RFP process to produce approximately 100 units of affordable housing  Cause the production, preservation and expansion of affordable housing opportunities in the community  Cause the development of pedestrian oriented commercial/retail outlets in the downtown to expand retail tax revenues  Increase employment of Compton residents by education and skills training necessary to be absorbed into the proposed commercial/retail/housing developments

SUCCESSOR AGENCY BUDGET

SUCCESSOR AGENCY RESOURCES /REVENUES

HOUSING DEVELOPMENTS IN PIPELINE PHASE I DeveloperLocationSizeMarket Value RFP Process16208 S. Atlantic Ave47,000 sq.ft$1,362,000 RFP Process1434 W. Compton Blvd107,020 sq.ft$1,992,000 Neighborhood Housing Services 950 W. Alondra Blvd.78,408 sq.ft.$2,400,000 RFP Process1950 N. Central Ave.130,680 sq.ft.$1,609,000 RFP Process930 W. Compton Blvd87,120sq.ft.$2,354,000 RFP Process1716 E. Rosecrans Blvd11,000 sq. ft.$500,000 Meta Housing Project (Phase II) N. Alameda St.33,000sq.ft2,000,000

COMMERCIAL DEVELOPMENTS IN PIPELINE PHASE II DeveloperLocationSizeMarket Value RFP Process 1425 E. Compton Blvd 47,000SF$1,362,000 RFP Process 2008 W Compton Blvd 107,020 SF$1,992,00 RFP Process W Rosecrans Ave 78,408 SF$500,000 RFP Process E Compton Blvd 130,680 SF$1,609,000 RFP Process N Long Beach Blvd 87,120 SF$2,354,00 RFP Process 1716 E. Rosecrans Blvd 11,000 SF$500,000

BUDGET RECOMMENDATION The Success Agency recommends additional staff to facilitate effective and efficient implementation of the housing programs/projects presented in the proposed budget.

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