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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />NOVEN~ER 5, 2007 <br />TITLE: <br />APPROPRIATION ADJUSTMENT - CALHOME <br />PROGRAM <br />i ~ V ~~ <br />CITY MANAGER <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />CONTINUED TO <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1St Reading <br />^ Ordinance on 2"d Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For_ <br />FILE NUMBER <br />RECOMMENDED ACTION <br />Approve an appropriation adjustment <br />Program funds and appropriating same. <br />recognizing $600,000 in CalHome <br />DISCUSSION <br />On April 2, 2007, the City Council approved <br />application to the California Department of <br />Development for CalHome Program grant funds. <br />available through Proposition 1C as grants to lc <br />nonprofits to fund various programs including <br />rehabilitation. <br />the submission of an <br />Housing and Community <br />These funds were made <br />Kcal public agencies and <br />owner-occupied housing <br />On June 29, 2007, the City was notified that it was awarded the maximum <br />amount of $600,000. In accordance with the State regulations and the <br />City of Santa Ana CalHome Rehabilitation and Replacement Loan Program <br />guidelines, the funds will be used to offer deferred payment, thirty-year <br />zero percent interest rehabilitation loans to low-income owner occupants <br />of both mobile homes and single-family homes. <br />20D-1 <br />