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Monthly Report for Housing Division <br />Projects and Activities - August 2006 <br />October 2, 2006 <br />Page 3 <br />Construction Process <br />During this phase, staff monitors the construction work, approves <br />payments to contractors, and tracks expenditures to ensure they do not <br />exceed available funds. Multifamily projects often involve additional <br />issues such as compliance with prevailing wage requirements and/or Davis - <br />Bacon. Chart 4 shows the types of units under construction. As of the end <br />of August, there were a total of 114 units underway. <br />120 <br />100 <br />80 <br />60 <br />40 <br />20 <br />0 <br />Chart 4 Units Underway <br />July August <br />Loan portfolio Management <br />The Housing Division is responsible <br />residential loan portfolio. As of <br />balance was $33.7 million. This is <br />were deferred payment loans. The loa <br />the beginning of this fiscal year. <br />Compliance Monitoring <br />Over the years, the City and Agen <br />State and Federal programs. These f <br />and requirements. The Division is <br />projects are in compliance with the <br />meet the City's municipal code as <br />requirements. Monitoring includes <br />non-profit certifications and onsite <br />the Division will be responsible for <br />[p MH Replacement <br />E3 Rental Units <br />❑ 5F Rehab <br />M MH Rehab <br />for ensuring the integrity of the <br />the end of August, the principal <br />comprised of 397 loans of which 300 <br />n portfolio generated $100,558 since <br />cy have received funds from various <br />unds each have specific restrictions <br />responsible for ensuring that the <br />se requirements, and that the units <br />it relates to health and safety <br />case file review, unit inspections, <br />auditing. During this fiscal year, <br />monitoring 1,249 units. <br />