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FULL PACKET_2015-08-04
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FULL PACKET_2015-08-04
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7/21/2016 3:34:49 PM
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City Clerk
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Agenda Packet
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Clerk of the Council
Date
8/4/2015
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REQUEST FOR <br />COUNCIL ACTION <br />^urvn <br />CITY COUNCIL MEETING DATE: <br />AUGUST 4, 2015 <br />TITLE: <br />QUARTERLY REPORT FOR HOUSING <br />DIVISION PROJECTS AND ACTIVITIES <br />APRIL 2015 —JUNE 2015 <br />(STRATEGIC <br />/'4� �NO. 5,3) <br />W <br />�. &Yt}2p5• <br />C ITY MANAGER <br />RECOMMENDED ACTION <br />Receive and file. <br />CLERK OF COUNCIL USE ONLY: <br />011000: <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on a Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION ACTION <br />At its regular meeting on July 8, 2015, by a vote of 4:0 (Sandoval absent), the Community <br />Redevelopment and Housing Commission approved the recommended action. <br />DISCUSSION <br />The status report for the quarter ending on June 30, 2015 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. During this quarter, staff reviewed and processed four Loan <br />Subordination requests. Table 1 shows the number of inquiries, applications sent out, received <br />and approved by type for the quarter and the total fiscal year. <br />Table 1: Applications Sent Out, Received & Approved <br />Program <br />Inquiries <br />Applications <br />Sent Out <br />Applications <br />Received <br />Applications <br />App roved <br />04 <br />Total <br />FY <br />04 <br />Total <br />FY <br />Q4 Total <br />FY <br />Q4 <br />Total <br />FY <br />Single-Family Rehabilitation <br />28 <br />147 <br />21 <br />85 <br />8 18 <br />2 <br />9 <br />Mobile Home Rehabilitation <br />4 <br />14 <br />4 <br />8 <br />3 5 <br />2 <br />4 <br />Homeownershl <br />52 <br />374 <br />38 <br />201 <br />4 18 <br />31 <br />12 <br />19E -1 <br />
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