1. James Wong, Senior Project Manager February 6, 2017
City Council Designation of City as Housing-Related Public Entity under Caltrans SR-710 Properties Program
James Wong, Senior Project Manager
February 6, 2017

2. SR710 Housing-Related Public Entity
Recommendation
Find that the recommended action is exempt from CEQA under the General Rule provision.
Adopt a resolution designating the City as a housing-related public entity under the Caltrans SR-710 surplus properties disposition program.

3. SR710 Housing-Related Public Entity
Background
Caltrans owns 460 surplus 710 right-of-way properties.
126 Pasadena properties
86 SFRs, 11 multifamily properties (39 total units), 22 unimproved residential parcels, and 7 properties w/ non-residential uses.
State will sell off the properties in three phases – Phase 1 commenced in Dec

4. SR710 Housing-Related Public Entity
Phase 1
3 SFRs in Pasadena (2 occupied, 1 vacant).
Caltrans will offer SFR properties for purchase by Priority tenants in the following order:
1) tenants who were the former owners;
2) tenants of low/moderate income who’ve occupied the property for at least 2 years;
3) tenants above moderate income (120% to % area median income) who’ve occupied the property for at least 5 years.

5. SR710 Housing-Related Public Entity
SFRs not purchased by Priority occupants, and all other surplus residential properties (including multifamily properties), will be offered to Housing-Related Entities (public and private).
Local governments interested in acquiring surplus residential properties from Caltrans must adopt a resolution designating itself as a Housing-Related Public Entity.
The designation does not bind the City to take any action on properties offered by Caltrans, but preserves the option to do so.

6. SR710 Housing-Related Public Entity
Staff will evaluate surplus residential properties as they are offered by Caltrans.
Best potential affordable housing properties
Vacant, non-historic, modest-sized SFRs
Multifamily properties
Key affordable housing funding limitations
Funding is low
Funding can only serve up to 120% AMI households