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N~onthl~ Report for Housing Division Projects <br />ar~d ~otivities ~- ~Tanuar~ ~aa7 <br />larch , 2a0~ <br />Page <br />Construction Prates <br />During this phase, staff monitors the constructian work, a~Oproves <br />parents to cantractors, and tracks expenditures to ensure they do not <br />exceed available funds . l~u~.tifamil~r pfoj ects often involve additional <br />issues such ~ compl~.ance with prevailing wage requirements andlar Davis- <br />Bacon. chart 4 shawl the types of units under canstructian. ~ of <br />~anuar, there were ~ total of ~.1~ units underway. <br />~harfi 4 Units Underway <br />~4~ <br />X20 <br />1 ~~ <br />~0 <br />~~ <br />4~ <br />2~ <br />Loan Fort olio an~gem~nt <br />~ 1~H fplacerr~ent <br />® Rectal Units <br />^ F ~e~ab <br />~ ~1H E~hab <br />The Hauling Di~risa~on is responsible for ensuring the integrity of the <br />residential loan portfolio. As of January, the principal balance was <br />X4.4 million. This is comprised of 4~8 loa.ns, of which ~~ were <br />deferred ar residual receipts parent loans. The loan portfolio has <br />generated ~31,~4 in repayments of principal and ~.nterest since the <br />beginning of this fiscal year. <br />ornplianoe Moni~ora~ng <br />aver the gears, the City and ~gen.cy have received funds fray. various <br />State and ~`ederal programs. These funds each have specific festrictions <br />and requirements. The Divis~.on is responsible for ensuring that the <br />projects are in compl~.ance with these requirements and that the units <br />Beet the City's municipal Cade ~ it relates to health and safety <br />requirements. ~anitoring includes case file re~riew, unit inspections, <br />non-profit certifications and onsite auditing. <br />~,,: <br />{ <br />~~ <br />July Aug~,st eft Oct Nov Dec Jan <br />