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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MARCH 7, 2011 <br />TITLE: <br />QUARTERLY REPORT FOR HOUSING <br />DIVISION PROJECTS AND ACTIVITIES <br />CITY MANAGER <br />RECOMMENDED ACTION <br />Receive and file. <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />? As Recommended <br />? As Amended <br />? Ordinance on 1s' Reading <br />? Ordinance on 2"d Reading <br />? Implementing Resolution <br />? Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION ACTION <br />At its regular meeting on February 15, 2011, by a vote of 5:0 (Bist absent), the Community <br />Redevelopment and Housing Commission approved the recommended action. <br />DISCUSSION <br />This status report for the quarter ending on December 31, 2010, provides statistics for the day-to- <br />day affordable housing activities of the City and the Community Redevelopment Agency. The <br />report is divided into three sections: Loan Activity, Loan Portfolio Management and Monitoring, <br />and Development Projects. <br />Loan Activity <br />Applications <br />The Housing Division offers several different programs. The loans offered include homebuyer <br />down payment assistance and rehabilitation loans for historic single family, single family and <br />mobile homes. Mobile home loans are offered as forgivable grants and are used to cover the cost <br />of essential repairs. The Housing Division reviews applications to determine which program best <br />fits the needs of the applicants. Applications are mailed out and received for these programs on a <br />continuing basis. <br />19D-1