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Monthly deport for Housing Division Projects <br />And Activities - December ~O~ <br />February 5, ~~D7 <br />... gage <br />construction ~'rooes <br />During this phase, staff ~non~.tors the construction word, approves <br />payments to contractors, and trac]~s expenditures to ensure they do not <br />exceed available funds. Multifamily projects often involve additional <br />issues such as compliance w~.th prevailing wage requ~.ren~ents ad~or Davis- <br />Bacon, chart 4 shows the types of un~.ts under construction. As of <br />Deoem~er, there were a total of 11~ units underway. <br />Ch~r~ 4 ~nifs l~nderway <br />X40 <br />~2~ <br />~0~ <br />H~ <br />~~ <br />40 <br />~0 <br />Q <br />L~ar~ Fo~tfolio Management <br />D MH Replacement <br />® Rental Uni# <br />^ ~F Rehab <br />MH Rehab <br />~'he Housi~.g Division is responsible for ensuring the integrity of the <br />residential loan portfolio. As of December, the principal balance was <br />~~ . million. ~'h~.s ,is comprised of 4~.4 ioans of which ~1 were deferred <br />payment loans. T`he loan portfolio has generated ~08,~04 in repayments <br />of principal and interest since the beginning of this fiscal gear. <br />~mpliane Monitv~~.ng <br />fiver the years, the City a.nd Agency have received funds from various <br />state and ~'edera~. programs . These funds each have specific restrictions <br />and requirements. ~'he Division is responsible for ensuring that the <br />projects are in compliance with these requirements, and that the units <br />Meet the City's municipal code as it relates to hea~.th and safety <br />requirements. Monitoring includes case fi1.e review, unit inspections, <br />non-profit certifications and or~site auditing. <br />~~ <br />~~ <br />g <br />duly A~g~t dept Oct Nou Dec <br />