Laserfiche WebLink
<br /> <br /> <br /> <br /> REQUEST FOR -T <br /> COUNCIL ACTION <br /> <br /> CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> <br /> JUNE 4, 2012 <br /> TITLE: APPROVED <br /> ? As Recommended <br /> QUARTERLY REPORT FOR HOUSING ? As Amended <br /> ? Ordinance on 1 s` Reading <br /> DIVISION PROJECTS AND ACTIVITIES ? Ordinance on 2nd Reading <br /> JANUARY 2012 - MARCH 2012 ? Implementing Resolution <br /> ? Set Public Hearing For <br /> CONTINUED TO <br /> FILE NUMBER <br /> CITY MANAGER <br /> <br /> <br /> RECOMMENDED ACTION <br /> Recommend that the City Council receive and file. <br /> <br /> <br /> DISCUSSION <br /> This status report for the quarter ending on March 31, 2012, provides statistics for the day-to-day <br /> affordable housing activities of the City and the Community Redevelopment Agency. The report is <br /> divided into three sections: Loan Activity, Loan Portfolio Management and Monitoring, and <br /> Development Projects. <br /> <br /> Loan Activity <br /> <br /> Applications <br /> <br /> The Housing Division offers several Chart 1: Applications Mailed <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 /> ~I <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 /> and received for these programs on a <br /> continuing basis. Chart 1 shows the Mobile <br /> e <br /> number of applications sent out by type Home <br /> during the quarter. Of the applications Hardship 6 <br /> sent, two have been returned and are <br /> being processed. <br /> <br /> 19D-1 <br />