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Monthly Report For Housing <br />Division Projects and <br />Activities - October 2006 <br />December 4, 2006 <br />Page 3 <br />Construction Process <br />During this phase, sta <br />payments to contractors, <br />exceed available funds. <br />issues such as compliance <br />Bacon. Chart 4 shows the <br />there were a total of 122 <br />140 <br />120 <br />100 <br />80 <br />60 <br />40 <br />20 <br />0 <br />f monitors the construction work, approves <br />and tracks expenditures to ensure they do not <br />Multifamily projects often involve additional <br />with prevailing wage requirements and/or Davis- <br />ypes of units under construction. As of October <br />units underway. <br />Chart 4 Units Underway <br />July August Sept Oct <br />Loan Portfolio Management <br />C3 MH Replacement <br />a Rental Units <br />o SF Rehab <br />m MH Rehab <br />The Housing Division is responsible for ensuring the integrity of the <br />residential loan portfolio. As of October, the principal balance was <br />$33.9 million. This is comprised of 395 loans of which 300 were deferred <br />payment loans. The loan portfolio has generated $176,455 in repayments <br />of principal and interest since the beginning of this fiscal year. <br />Compliance Monitoring <br />Over the years, the City and Agency have received funds from various <br />State and Federal programs. These funds each have specific restrictions <br />and requirements. The 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 health and safety <br />requirements. Monitoring includes case file review, unit inspections, <br />non-profit certifications and onsite auditing. During this fiscal year, <br />the Division will be responsible for monitoring 1,249 units. <br />Development Projects/Multi-Family Rehabilitation <br />Raitt Street Infill Site <br />Staff is continuing to negotiate with Civic Center Barrio Housing <br />Corporation (CCBHC). It is anticipated that rental units will be <br />M_ <br />