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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JUNE 4, 2012 <br />TITLE: <br />QUARTERLY REPORT FOR HOUSING <br />DIVISION PROJECTS AND ACTIVITIES <br />JANUARY 2012 — MARCH 2012 <br />CITY MANAGER <br />RECOMMENDED ACTION <br />Recommend that the City Council receive and file. <br />DISCUSSION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <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 />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 />and received for these programs on a <br />continuing basis. Chart 1 shows the <br />number of applications sent out by type <br />during the quarter. Of the applications <br />sent, two have been returned and are <br />being processed. <br />Chart 1: Applications Mailed <br />19D -1 <br />)ile <br />�U.� <br />Hardship 6 <br />