FULL PACKET_2013-09-03 - Laserfiche WebLink

Home Browse Search

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