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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JUNE 3, 2014 <br />TITLE: <br />QUARTERLY REPORT FOR HOUSING <br />DIVISION PROJECTS AND ACTIVITIES <br />JANUARY 2014 — MARCH 2014 <br />CITY MAN R <br />RECOMMENDED ACTION <br />Receive and file. <br />DISCUSSION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on t' Reading <br />❑ Ordinance on 2n° 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, 2014 provides statistics for the day -to -day <br />affordable housing activities. The report is divided into three sections: Loan Activity, Loan <br />Portfolio Management and Monitoring, and Development Projects. <br />Loan Activity <br />Applications <br />The Housing Division offers several different programs including homebuyer down payment <br />assistance and rehabilitation loans for historic single - family, single - family and mobile homes. <br />Inquiries are received from the public and applications are mailed out and received for these <br />programs on a continuing basis. Table 1 shows the number of inquiries, applications sent out, <br />received and approved by type for the quarter and the fiscal year to date. <br />Table 1: Applications Sent Out, Received & Approved <br />Program <br />Inquiries <br />Applications <br />Sent Out <br />Applications <br />Received <br />Applications <br />Approved <br />Q3 <br />FYTD <br />Q3 <br />FYTD <br />Q3 <br />FYTD <br />Q3 <br />FYTD <br />Single-Family Rehabilitation <br />40 <br />156 <br />38 <br />130 <br />2 <br />9 <br />1 <br />5 <br />Mobile Home Rehabilitation <br />9 <br />33 <br />7 <br />25 <br />1 <br />4 <br />1 <br />1 <br />Homeownership <br />381 <br />411 <br />309 <br />333 <br />4 <br />4 <br />1 <br />1 <br />19C -1 <br />