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Quarterly Report for Housing Division <br />October 6, 2020 <br />Page 2 <br />Table 1: Applications Sent Out, Received & Approved <br />Inquiries <br />Applications <br />Applications <br />Applications <br />Program <br />Sent Out <br />Received <br />Approved <br />Q4 <br />Total FY <br />Q4 <br />Total FY <br />Q4 <br />otl <br />Total <br />Q4 <br />Total FY <br />FY <br />Single -Family <br />g <br />37 <br />9 <br />34 <br />2 <br />9 <br />0 <br />4 <br />Rehabilitation <br />Mobile Home <br />3 <br />15 <br />3 <br />5 <br />2 <br />7 <br />0 <br />2 <br />Rehabilitation <br />Multi -Family <br />0 <br />1 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />Rehabilitation <br />Historic Home <br />0 <br />1 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />Restoration <br />Homeownership/ DPAP <br />8 <br />211 <br />8 <br />173 <br />4 <br />17 <br />1 <br />7 <br />The number of applications received is typically lower than the number of applications sent out in <br />any given period due to the stringent program guidelines for eligibility regulated by the federal <br />government, which makes it difficult for most applicants to qualify. Due to the Coronavirus (COVID- <br />19), application processing for the Down Payment Assistance Program, Single -Family and Mobile <br />Home Rehabilitation Program were put on hold during most of the fourth quarter. There are <br />currently nine applications for the Single -Family Rehabilitation Program and four applications for <br />the Mobile Home Rehabilitation Program. <br />Rehabilitation Loan Underwritinq and Approval Progress <br />During this quarter, one (1) mobile home rehabilitation loan was funded. <br />Rehabilitation Program Construction Progress <br />During this phase, homeowners receiving rehabilitation loans are guided through an open selection <br />of contractors to complete the work on their homes. Each homeowner is given a list of contractors <br />that have been screened by staff for license and insurance requirements. However, homeowners <br />are allowed to select any contractor that meets these same requirements. Staff assists the <br />homeowners with the evaluation of bids and selection of a contractor. Staff also monitors the <br />construction work, approves payments to contractors, and tracks expenditures to ensure <br />compliance with the loan agreement and program guidelines. During this quarter, no rehabilitations <br />of single-family homes or mobile homes were completed. <br />Down Payment Assistance Loan Program (DPAP) Progress <br />In the Down Payment Assistance Loan Program, staff evaluates applicant eligibility and oversees <br />underwriting, to ensure compliance with program guidelines and requirements established by the <br />U.S. Department of Housing and Urban Development (HUD). During this quarter, staff conducted <br />two (2) down payment assistance virtual workshops via Zoom. Two (2) down payment assistance <br />loans closed escrow. One (1) was approved in March and closed in April and the second loan was <br />approved and closed in June. <br />19C-2 <br />