Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> <br /> Housing Program Goals <br /> At the end of 2012-2013, HOME-funded housing goal for renter units has met 25.7% of five-year <br /> <br /> goals (five-year goal of 175 - 45 assisted after three years). No rental units have been assisted with <br /> CDBG funds (five-year goal is to assist at least ten units). With respect to accomplishments for <br /> owner-occupied housing activities, after three years of efforts 50.9% the five-year goal has been <br /> met (planned assistance for 108 units; 55 assisted). Overall, after three years the City has met <br /> 35.3% of its five-year Consolidated Plan housing goals for the use of CDBG HOME funds. It is <br /> important to note when Redevelopment funding is included, the City ha of its five-year <br /> housing goals (planned assistance for 293 units 210 completed thro 2012-2013 <br /> report period). Unfortunately, due to State legislation, redevel q down. <br /> <br /> Only those projects already under contract will be completed. <br /> <br /> With respect to the incomes of assisted units, data indi ed housing <br /> programs are not focused on one income category' all three Low- <br /> and Moderate-Income groups. Conversely, th- ns have primarily <br /> focused on households with incomes below The primary reason <br /> for the latter accomplishment is the Ci :d housing resources on <br /> assisting households at the lowest inc n income). The majority of <br /> <br /> resources committed for rental hr munity Housing Development <br /> Organizations (CHDOs). The yxx =is to create affordable housing <br /> opportunities for househo _ _eery Low-incomes. Detailed housing <br /> ~z <br /> accomplishment inform - <br /> - <br /> As previously statF ally identified in the City's Consolidated Plan has <br /> been lost. T' = governor took action in late 2011 to eliminate <br /> redevelop - ornia. In addition to funding significant non-housing <br /> improv ere a significant funding source for affordable housing <br /> finance project/program funding, the City lost significant resources for <br /> staffing. _ pity to see to completion certain projects that had enforceable <br /> agreements ce completed all redevelopment activity will cease. The loss of <br /> redevelopment tedly have an impact on the City's ability to meet Consolidated Plan <br /> goals. <br /> <br /> While the City dealt with the loss of redevelopment funding, it was able to utilize ADDI and <br /> Neighborhood Stabilization Program (NSP) resources to assist qualified households purchase <br /> <br /> homes. NSP regulations allow the City to assist households with incomes up to 120% of the area <br /> median income. During the report period, City also used ADDI funds (a sub-fund of the HOME <br /> program) to assist one household purchase a home. NSP funds were used to assist with the <br /> acquisition, rehabilitation and the resale of eight housing units. <br /> <br /> 08/11/2013 9 <br /> <br /> 19E-17 <br />