Murrieta Revolving Loan Fund Survey The City of Murrieta ("City") is creating a revolving loan fund to support the creation, preservation, and expansion of affordable housing. A revolving loan fund provides low-interest loans that are repaid then loand out again, creating a sustainable source of funding over time. We are seeking community input to ensure the program reflects local needs and priorities. Your feedback will help guide how these funds are used to expand affordable housing options in Murrieta. Question Title * 1. What is your primary role in the community? Resident Non-Profit Housing Developer For- Profit Housing Developer Service Provider Resident Advocacy Group Government Agency Other (please specify) Question Title * 2. How familiar are you with affordable housing issues in Murrieta? Very Familiar Somewhat Familiar Not Familiar Question Title * 3. What types of affordable housing do you believe are most needed in Murrieta? Select all that apply. Rental housing for families with low-incomes Rental housing for seniors Rental housing for people with disabilities First time homebuyer assistance Supportive housing for people at risk of or experiencing homelessness Question Title * 4. Use the arrows to rank the below barriers to building affordable housing from lowest barrier to highest barrier, with 1 being the lowest barrier and 6 being the highest barrier. For example, if land availability is the highest barrier, move this to the bottom of the list. Question Title * 5. What should be the primary goal of the Loan Fund? Increase affordable rental housing Increase affordable for-sale housing Preserve existing affordable housing supply Question Title * 6. Which populations should be prioritized for housing support through the Loan Fund? Select all that apply. Families with low incomes Seniors Veterans People with disabilities People at risk of or experiencing homelessness Youth exiting foster care Other (please specify) Question Title * 7. What types of activities should be funded with the Loan Fund? Select all that apply. Land acquisition Pre-development costs Soft costs Loan pay off Down payment assistance for homebuyers Other (please specify) Question Title * 8. What outcomes would indicate the fund is successful? Move the arrows to rank from 1 to 5, with 1 being the least successful and 5 being the most successful. Question Title * 9. How should the loan amounts be prioritized? Per unit subsidy maximum set by City By project type By loan type By size of request By project readiness Other (please specify) Question Title * 10. What interest rate would make the fund attractive to you or your organization? 1% 2% 3% 4% 5% Other (please specify) Question Title * 11. At what point should repayment of the loan start? At construction closing At construction completion At stabilized occupancy At sale or resyndication Other (please specify) Question Title * 12. Should loan repayment terms be different for non-profit developers and agencies than for-profit? Yes No Question Title * 13. If you answered "Yes" to question 12, what should guide repayment terms for non-profits versus for-profits? More flexible terms for non-profits Different terms based on experience Different terms based on risk Other (please specify) Question Title * 14. When in the development process is funding most needed? Pre-development Construction Lease-up or stabilization Other (please specify) Question Title * 15. Do you have any additional comments or suggestions for how the Loan Fund should be structured? Done
