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Year-End Report for Housing Divis~.o~ ~ro~ ar~d ~oti~rities september 8, X009 Page ~ histario single family, single family anal mobile homes . There are faun different mobile home progr~n~s: Mobile Hone Hardship Forgivable Loan - Pr~ogram, Federal Empowerment Zane Forgivable Loan grogram, ~a1Hor~e Mobi~.e Home Rehab Loan Progr~r~, and Ca1Har~e Replacement Loan grogram. The Dousing Division reviews applications to determine which program best fits the needs of the applicants. applications ire mailed opt and received for these pragrams on a contir~ui~g basis. chart 1 shows the nu.ber of applicat~.ans sent out by type during this fiscal year. Loan underwriting and Appro~a~. Process In this process, staff reviews applicant eligibility, verifies income and 1 assets, o~rersee underwr~.ting, conducts an z~spection of the unit, and = prepares a ward write up to determine rehabilitation word to be performed. Due to the complex funding requirements, applicants may be In underwriting several months. It is largely determined by the applicant's ti~te~.y submittal of the necessary paperwork. Once appro~red, staff prepares ail necessary loan documents, makes arrangements for execution, and reserves the required loan fu.ds. Two singe family rehab loans, twa mobile home replacement loans, eleven r~obile hame rehab loans and three single family new canstructio~ loans were approved dur~.ng the fiscal year. s.... Chan ~ single Family Loans Ap~rov~~ ~z . - ~o - - - - :::r-~~:, :.~r::,:,,,~.. n.:~:.~'i ~y ~`.5 fir,, _ - ...:..t~:.~ ~ •.~';r: - L.i - B~IoAMI - ?;~'V = Chart 2 r eflects the - - - - - - - - w'::'.'I is . i - - ~.t .i'~~ .t...... Whtit - ':l~'~ .i.~~.:•.t: 4A _a-:.j .ti ~ nu .r:~ e o can s . t'. r:: w.:'.:::.....: rr..:..i~: . ..t'..: .:..1 `.S:` :..y. i ~rxF ~ ::Y'~r S ..r~Y ~ _ _ _ _ - _ a r ~ - s y`~ti^ .r" - t.,. . - r ~rwL' C'~~~, _ _ - ,~i:, ~:r~. - ~>:i'•' . - - ~ Lf ~ la Aid I }!r-?~~ ;;~'i;,.57 ~~~y^:'i: ',^.r,,,~., 1.:..: <_`:; ~ ~ a f 1 4/ a n ear b ~-fr.:,..~.. - 1 1 1 i tr:::... ~:i.~ -vJ ........~.....i . , ..t.: i... '..4 - f '...t.:r.'.' I t:-:. ,.S'• - ' rti::.n''.:~'. J 1 V yr' ':.t'- I - - _ - i 2 - ,'w;: - - :~y ~d iJ ' • - ~~~~le family Ma6ile i~ome labile N~m~ H~m~~uyer iVew ReE~~biiitation E~e~lacam~nt Rehabilitation Const~~ctio~ In add~.t~.on to the single family loans processed by stiff, the City ou~cil and Cam~nunity Redevelapmer~t agency each approved two loans to _ support the acquisition and rehabilitation of twa apartment buildings iocated at 70 N. Lacy and 7~2 s. Raitt by lacy and Raitt, LP. This project is described in more detail below.