Tipsters were telling TheLiberalOC that Irvine Mayor Pro Tem Jeff Lalloway was kicked off the board of directors of the Irvine Community Land, an organization dedicated to managing affordable housing in one of the most expensive cities in Orange County in which to live. For the tipsters, you’re half right. Lalloway resigned from the Board according to Mark Asturias, Irvine CLT Executive Director.
Lalloway missed the May and June meetings of the Organization, which is led by fellow Republican council member Christina Shea. No minutes were provided for a July meeting and the organization does not meet in August, but the website detailed the July meeting and Lalloway was present, and the last meeting of the ICLT in July was at the height of tensions between the current Mayor Pro Tem and the former Mayor Shea who has cast votes that didn’t make Lalloway happy.
There is no word on who might replace Lalloway of the Board which, besides Shea, consists of Mary Ann Gaido, Scott Darrell, Nancy Donnelly, Joyce Monaco and Patrick Strader.
The organization’s bylines stipulate that any board member can be removed for a number of reasons and one of them is missing three board meetings in a row as grounds for removal. Lalloway’s attendance at the meetings, while not perfect, did not rise to the standard that would warrant his removal. Lalloway represents Irvine on the OCTA, the Orange County Sanitation District, the Orange County Housing Authority Advisory Committee, and the Newport Bay Watershed Advisory Executive Committee. He also serves as the Chairman of the Great Park Corporation.
For those interested in the ICLT, here’s more detail from their website. A community land trust (CLT) is an independent nonprofit organization created to oversee affordable housing and preserve it for future generations.
Under the CLT Homeownership model, the CLT owns the underlying land and sells the houses to individual homeowners at affordable prices. A CLT also leases land to affordable rental housing developers and restricts the rents they charge through a ground lease. Currently the ICLT is leasing many units for affordable rental housing and is working with its current partners to develop many rental units.
For ownership housing, the CLT enters into a 99-year, renewable ground lease with each homeowner which gives the homeowner exclusive use of the land and nearly all of the benefits of traditional homeownership. On a daily basis, CLT homeownership is no different than traditional homeownership, except that that the monthly housing costs will be significantly lower than if a market-rate home had been purchased. In exchange for the benefit of a below-market rate purchase price, CLT homeowners acknowledge that their housing investment will appreciate at a different rate than their market rate neighbors. The future sales price of the home is restricted by the resale formula that is described in the ground lease. This system allows future households of modest means to be able to achieve the dream of homeownership without the need for ongoing investment of new public funding.
The CLT model of homeownership is growing rapidly. Today in the United States there are over 5,000 CLT homes under stewardship by nearly 200 different land trusts. More and more communities are attracted to CLTs, as a means of providing permanently affordable homeownership. The CLT model balances the interests of individual homeowners in housing stability and equity generation with the public interest in preserving public resources. Similarly, CLT’s addresses the needs of renters by ensuring permanent affordability of rental housing units.
I’ve been told several times that half of the available housing in Irvine is made up of apartments and other rental units. Irvine draws a number of young professionals and young families seeking a safe city, great schools and a healthy local economy.