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<br />e <br /> <br />I <br /> <br />8 <br /> <br />3. <br /> <br />NEW PROGRAM <br /> <br />A. <br /> <br />MORTGAGE ASSISTANCE PROGRAM <br /> <br />Recommendation: <br /> <br />1. <br /> <br />Authorize implementation of a first-time homebuyer <br />Mortgage Assistance Program; and authorize the <br />Executive Director of the Agency to execute all <br />necessary documentation. <br /> <br />2. <br /> <br />Allocate Housing Set-Aside funds in the amount of <br />$120,000 to fund direct subsidies to eligible <br />homebuyers. <br /> <br />Commission Recommendation: <br /> <br />Recommend that the Redevelopment Agency: <br /> <br />1. <br /> <br />Authorize implementation of a first-time homebuyer <br />Mortgage Assistance Program; and <br /> <br />2. <br /> <br />Allocate Housing Set-Aside funds in the amount of <br />$120,000 to fund direct subsidies to eligible <br />homebuyers. <br /> <br />4. <br /> <br />MISCELLANEOUS <br /> <br />A. <br /> <br />AGENCY SECRETARY REPORT <br /> <br />5. <br />6. <br /> <br />Recommendation: Instruct the Agency Secretary to enter <br />into the Minutes: Pursuant to Government Code Section <br />54954.2, the Agenda for the January 19,1988 Meeting <br />of the Community Redevelopment Agency was posted on the <br />door of the Council Chambers, 22 Civic Center Plaza, at <br />1:05 P.M. on January 15, 1988. <br /> <br />EXECUTIVE SESSION <br /> <br />AGENCY AGENDA ITEMS <br />COMMUNICATIONS FROM THE PUBLIC <br /> <br />7. <br />8. <br /> <br />ADJOURNMENT <br />