03 YRENDHSGPROJ&ACT - Laserfiche WebLink

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Year-End Report far Housing Division Pro~~~~ and activities August 1S, ~O~S Page ~ f ~.ng~. e tai ly, single family and mobi 1 e homes . There are dour different mobile home programs: Mobile Home Hardship Forgivable Loan Program, Federal Empowerment done Fargivable Loan Program, CalHome ~Iabile Home Rehab Loan Program, and calHo.e Replacement Loan Prog~a The Housing Di~.ion reviews applications to determine which program best fits the needs of the applicants. Applications are mailed cut and received for these programs on a continuing basis. chart 1 shows the number of applications sent out by type this fiscal year. - Loan Underwriting and approval Process ~n thus process, staff reviews applicant eligibility, verifies income and assets, oversees unde~`ritig, conducts an inspection of the unit, and prepares ~ work write up to determine rehabilitation work to be performed. Due to the complex funding ~'equireets and the applicant's - tir~ely submittal of the necessary paperwork, applications may be in underwriting for several months. once approved, staff prepares all necessary loan documents, mares arrangements for execution, and reser~res - the required lawn funds. ~ total of eight single fam~.l.y loans and eight mobile home rehab loans were appro~red in the ~0~7-08 fiscal year. Chaff 2 Loans Approval - - _ .~xt: l - _ ,.J... thti - `.1,. _ ,:..4V~' ::y. y~.ti ;~ti'~ j _ . - - - - :''C.'-:'.'. .'J - .;h, : j~~~..~,A.4 - - ixN ..r....,~.,.. :'i5 - a t ~ reflects the t{~-y' 1 - til h _ "~4::': „ l,~ ' YA _ x , i.!.. ::4-; - fe ~ number f 1 n - o oa a roved this - - :<w A - ~>:;s~ :~;h;:: •r~l~ir: ~ :'f.' M' ~~".'i. ::y~' •'•9;v - _ _ ,w,. "i;=- - ~:;c - _ _ f~.oal ear b t e of loan /1I ~ _ _ ~ ~ ~ ~„i. _ - Y.f.. ":%ti , ~ ~ ' w:,~, - - 301QAM1 _ _ _k. _ _ -,~~:t - = an ~.noor~o evel . l~t:r.4 .c4, ',',1 rr. .~'<v - ti~1tii iti~~,' 4'y1r :''7?"_ f'~_;';. ..,4afY.'.` r~:i4h .~,i tih,t .`,~3~ e~,r _ h:~~~.ti~..r:.c;'::;:. /f~ , 1'.~f:.~.h'~ o-titi~.~ - ti~~'l_J.4 - - _ ':'.4'J"}'t•. Yr: :.r~~-'. I S~r~gle i`amily Mobile dome M~bi~e Home ~~meh~yer ~ehahil~tat~on Replacement Reh~bilite~ior~ ~rog~am ions ~rutior~ Proses s During this phase, staff monitors the construction wog approves payments to contractors, and tracks expenditures to ensure they do not exceed available funds. Mu.tifamily protects often involve additional issues such as compliance with prevailing wage reguire~nents and~or Davis- Bacon. As of the end of the fiscal gear, there were a total of 195 units underway.