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19D - QUARTERLY REPORT DIV PROJ
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19D - QUARTERLY REPORT DIV PROJ
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11/2/2017 4:52:10 PM
Creation date
11/2/2017 4:41:19 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
19D
Date
11/7/2017
Destruction Year
2022
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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />NOVEMBER 7, 2017 <br />TITLE: <br />QUARTERLY REPORT FOR HOUSING <br />DIVISION PROJECTS AND ACTIVITIES <br />JULY 2017 — SEPTEMBER 2017 <br />(STRATEGIC PLAN NO. 5,3) <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />01IJ- 971vo: <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1a Reading <br />❑ Ordinance on 2nd 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 />July 2017 — September 2017. <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION ACTION <br />At its regular meeting on October 25, 2017, by a vote of 4:0 (De Leon, Ramos and Santana <br />absent), the Community Redevelopment and Housing Commission approved the recommended <br />action. <br />DISCUSSION <br />This report for the quarter ending ,on September 30, 2017 provides statistics for all of the <br />affordable housing projects and activities for the Housing Division. The report is divided into three <br />sections: Loan Activity, Loan Portfolio Management and Monitoring, Affordable Housing Funds <br />and 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. Table 1 shows the number of inquiries, <br />applications sent out, received and approved by type for the quarter and the total fiscal year. <br />19D-1 <br />
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