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19C - RECIEVE AND FILE QRTLY REPORT
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19C - RECIEVE AND FILE QRTLY REPORT
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10/1/2020 11:59:57 AM
Creation date
10/1/2020 11:58:21 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
19C
Date
10/6/2020
Destruction Year
2025
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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />OCTOBER 6, 2020 <br />CLERK OF COUNCIL USE ONLY: <br />TITLE: <br />APPROVED <br />❑ As Recommended <br />RECEIVE AND FILE QUARTERLY REPORT <br />ElAmended <br />❑ OOrrdinance on 1 s' Reading <br />FOR HOUSING DIVISION PROJECTS AND <br />❑ Ordinance on 2od Reading <br />ACTIVITIES APRIL 2020 — JUNE 2020 <br />❑ Implementing Resolution <br />❑ Set Public Hearing For_ <br />CONTINUED TO <br />/s/ Kristine Ridge FILE NUMBER <br />CITY MANAGER <br />RECOMMENDED ACTION <br />Receive and file the Quarterly Report for Housing Division Projects and Activities for the period of <br />April 2020 - June 2020. <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION ACTION <br />All Community Redevelopment and Housing Commission meetings from April to June 2020 were <br />canceled due to the COVID-19 local emergency. <br />DISCUSSION <br />This report for the quarter ending June 30, 2020 provides statistics for all of the affordable housing <br />projects and activities for the Housing Division. The report is divided into four sections: Loan <br />Activity, Loan Portfolio Management and Monitoring, Affordable Housing Funds and Commitments, <br />and Development Projects. <br />Loan Activity <br />Applications <br />The Housing Division offers several different programs, including down payment assistance for <br />first-time homebuyers and rehabilitation loans for mobile homes, single-family, multi -family, and <br />historic homes. Inquiries are received from the public and applications are mailed out, received, <br />and approved for these programs on a continual basis. Table 1 shows the number of inquiries <br />received and applications sent out, received, and approved, by type, for the quarter and for the <br />total fiscal year. <br />19C-1 <br />
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