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REQUEST FOR ~~ <br />COUNCIL ACTION <br />~dontion 1st <br />CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: <br />APRIL 3, 2006 <br />TITLE: APPROVED <br />CALHOME REHABILITATION AND ^ As Recommended <br />REPLACEMENT PROGRAM ^ As Amended <br />^ Ordinance on 1s` Reading <br />^ Ordinance on 2"' Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For_ <br />Cz _`' "t'"~~ <br />CITY MANAGER <br />CONTINUED TO <br />FILE NUMBER <br />RECOMMENDED ACTION <br />1. Approve an Appropriation Adjustment recognizing $500,000 in CalHOme <br />Program funds and appropriating same. <br />2. Adopt the CalHome Rehabilitation and Replacement Program. <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION <br />Recommended that the City Council: <br />1. Approve an Appropriation Adjustment recognizing $500,000 in CalHome <br />Program funds and appropriating same. <br />2. Adopt the CalHome Rehabilitation and Replacement Program. <br />By a vote of 7:0 at its Regular Meeting of March 21, 2006. <br />DISCUSSION <br />On September 20, 2005, the City Council approved the submission of an <br />application for funding from the California Department of Housing and <br />Community Development. We have received notice that the City has been <br />awarded $500,000. In accordance with CalHome Program regulations, the <br />proposed CalHome Rehabilitation and Replacement Program (Exhibit 1) will <br />be used to offer deferred payment, thirty-year rehabilitation loans with <br />zero percent interest rates to low-income owner occupied mobile home and <br />single-family home residents. The program is available to households <br />located in CDBG eligible census tracts (Exhibit 2). <br />20E-1 <br />