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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MARCH 5, 2012 <br />TITLE: <br />QUARTERLY REPORT FOR HOUSING <br />DIVISION PROJECTS AND ACTIVITIES: <br />OCTOBER 2011 - DECEMBER 2011 <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 2nd 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 21, 2012, by a vote of 6:0 (Morfin 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, 2011, 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 <br />different programs. The loans offered <br />include homebuyer down payment <br />assistance and rehabilitation loans for <br />historic single family, single family and <br />mobile homes. Mobile home loans are <br />offered as forgivable grants and are <br />used to cover the cost of essential <br />repairs. Applications are mailed out <br />Chart 1: Applications Mailed <br />Single <br />Family <br />Rehab 12 <br />Homebuyer <br />Assistance <br />25 <br />Mobile <br />Home <br />Hardship 3 <br />19D-1