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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MAY 2, 2017 <br />TITLE: <br />QUARTERLY REPORT FOR HOUSING <br />DIVISION PROJECTS AND ACTIVITIES <br />JANUARY 2017 — MARCH 2017 <br />{STRATEGIC PLAN NO. 5,3) <br />ACING CIT Y-MA NAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />:-•;• o <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on 2i0 Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Receive and file the quarterly report for Housing Division Projects and Activities for the period of <br />January 2017 — March 2017. <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION ACTION <br />At its regular meeting on April 26, 2017, by a vote of 5:0 (A. Cano absent), the Community <br />Redevelopment and Housing Commission approved the recommended action. <br />DISCUSSION <br />This report for the quarter ending on March 31, 2017 provides statistics for all of the affordable <br />housing projects and activities for our Housing Division. The report is divided into three sections: <br />Loan Activity, Loan Portfolio Management and Monitoring, Affordable Housing Funds and <br />Commitments, and Development Projects. <br />Loan Activity <br />Applications <br />The Housing Division offers several different programs including down payment assistance for <br />first -time homebuyers and rehabilitation loans for mobile homes, single - family, multi - family, and <br />historic homes. Inquiries are received from the public and applications are mailed out, received <br />and approved for these programs on a continual basis. During this quarter staff attended the <br />Wilshire Square Homeowners' Association Meeting to promote the City's Rehabilitation Loan <br />Program. Two Loan Subordination requests were processed during this quarter. Table 1 shows <br />the number of inquiries, applications sent out, received and approved by type for the quarter and <br />the total fiscal year. <br />191 -1 <br />