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Home My WebLink About04 MthlyRptHsgDivProjAct I - ~ } i.;~r~ .~~~4. aGYl14V1h 3'~~ ~5 qq .T ~ GO~SC~iIK GIhY r. Ipi G]!6 INY EET~C DATA: ~~~~I~ ~CR~TARY USA NLY~ JANUARY X007 T~~L~: ~~~~~vE~ ? ~eo~me~dea Nl~NTEL PART FAR I~~UIN ? As Amended - DI~TII~1~ PRO~'ET AND A~TI~ITIE - NOVEMBER ~40G ~~T~r~~E~T~ E~E~JTI RECTOR RN~~~~L~ AT~N s Receive and file . CON~?![XN'IT~ REDE~TEL~PME~IT ~ ~~UIN ~NIl~IID~T RECO~ND~TIC~N . t ~eco?nended that the dousing Authority receive and file . Dy a vote of 0 ~welt~r absents at its Regular 1~eeting of December 19, - DICUI~N r' Tie November ~0~~ n~onthl~ status report provides statistics for the da~r-~ to-dad affordable housing activities of the Cit~r and tie community Redevelopment Agency. TI~e report i~s d~.vided into four eotions : Loan Activity, Loan Portfolio ar~age~nent, o~npliance Monitoring, and _ Development Projects. As the fiscai gear progresses the graphs will reflect the ~.ncreased activities. Loan Activity Appl i cat ions had ~ Applicativr~s The Housing Services Division offers ~~a~ rehabilitation loan pro~ras designed for homebuyer assistance ~Am.erican Drew. Down-pa~r~.ent Assistance, "ADDS" } and the rehab of owner occupied historic single - Mobile Hoye 90 Family 5 Monthly Repot For Mousing Division Projects And Activities - Nover~ber January 2, 2D07 Page ~ family, single faily and mobile homes. There are four different mobile hone programs: Mobile Hone Hardship Forgivable Loan Program, Federal Empowerment Zone Forgivable Loan Program, alHome Mobile Home Rehab Loan Program, and alHome Replaceent Loan Program. The Housing division reviews applications to determine which program. best fits the needs of the applicants. Applications are .ailed out and received for these programs on a continuing basis. chart 1 shows the number of applications sent out by type this fiscal gear. Loan Underwriting ar~d Approval Process Staff reviews applicant eliibilit~r, verifies income and assets, oversees chart ~ Leans in Underw~i~in underwriting, conducts an inspection of the unit, and prepares a work write up to determine rehabilitation in~~e Family work to be performed. Due to the owners complex funding requirements, applicant may be in underwriting as ~ long as several months . It is largely determined y the applicant to submit the necessar~r paperwork. once approved, staff prepares all ~ necessary loan documents, makes - arrangement for execution, and l~obi~e ~lorr~ ~ reserves the required loan funds. Rehabl~ep~acer~ent8 chart 2 ind~.cate the loans in the under-writing process as of November. Chart 3 Loans Approved hart ref~.ect the total s . - - - r .r - ~i i _ nu r ti:}:~ mbe of loan : - - a roved h t - - pp - - , • . . . - 4.. .\.t n ear b t -~t~ _ fiscal e o 0 ..............,;:•,r 1. - - . . - - -~°ti'> - - e level. Th - e alt :.::.:.M,:~,::,:~:.:~- - r:w~ . ::1 r. . - - - - I~ V+1 l4l l _ fun ~;:;.W;; tae asses - .r.. Lance - >~L - - - ' "-,w:4 - ~ - r . . ~ ~0 Io1~1M I _ _ -~ti;~: _ _ - . o ber f ede _ can in N vem us~n ral ¦IllR[ . _ .th4~ ~V J~IYI i `y~'l `..1'1 - a ment =F~~:>::~.~ . ale r l c a n D r ears Down =..h':::::. . . -'lam t _ ~ } _ stance AD - D I r - o ram ~ lei. - - - r:'~: v r`: _ i . . fund - - - ~:~t _ _ - - _ _ _ ;~t: _ - - n - SEr~gle Famiiy M abile h~om~ Mobile Home H~mebuyer Rehabilitatiar~ Re~lace~mer~t Re~~bil~tat~~n Pro~~am Il~~a-~~16~'~hdat~~ATrDN12~07 HAI~Vtar~ly~p~~sgDivPr~ j&Act NOV ~ -2-~7.d~c Monthly Ra~ort For I~ausing ~ivi ion P~`oj act And ~ati~ities - avader 2~~~ January 2, aa7 Page ~anstruction Process during this phase, staff monitors the construction wa~c~, appro~r~s payments to oontractars, ~r~d tracks o~pendit~ros to ensure they do not axoaad mailable funds. Multifamily projects often involve additional issues suoh ~s camplianao with prev~i~.ing wago raquire~nent adlor Davie Bacon. chart 4 shawl the types of units under aanstruct~.on, ~s of No~ron~ber, there were ~ total of ~~9 units undorway. Chan 4 Units Underway . X44 1 ~ ~ ~H Rep~acerner~t - ~ 00 ~ Reel Units 80 - ? F lhab 6~ _ MH Rehab _ , 40 0 ,I~~r A~,gut dept ocI Nov - L~a~ Portf~li~ M~n~g~mr~~ 5 The dousing Di~~.sian is rospansible far ensuring the integrity of the rasidantial lawn portfolio. As of ~Iovemba~, the principal balanco was r~illia, This i comprised of 412 loans of which X17 wire deferrod payment loans, The loan po~tfalia has generated 19,55 in repayments of p~i~cipal and ~.nterest sinoo the beginning of this fiscal year. C~mpli~r~ M~~,i~a~ir~g ~vr the gears, the pity and ~g~ncy ha~ro received funds f roan ~r~~iaus t~to aid Federal programs. These funds eaoh have specific retriotions and require.ents. The Division is responsible for ensuring that the projects are in car~pliance with these requirements, and that the units meet the pity's municipal Dodo as it relates to health and safety reguireme~t Monitoring includes case file re~riew, unit inspections, non-profit aertificatian end ansite auditing. ~~~rlop~~~t ~~a~~ts/Nl~~.t~.-~'~mil~ eha~ili~~t~.on Raitt street Tnfill bite 5 l~~da-~~IGfchdatalATI0N~1~4~7 HA1N~or~t~l~RptHsgI~iv~r~~c~A~~NO~ I-2-0?.day s Monthly Report For Housing Division ~rojeots And Activities - November 200E January ~oD~ Page 4 staff continuing to negot~.ate with uric tenter . Barrio dousing Corporation ~~~Bc}. Tt is anticipated that rental units will be developed far very low and low-income fam~.lies . The number of units that _ will be developed on the site has yet to be determined, ~'he City is also i~ the process of final~.~ing an agreement with pity. CCBHC i currently working with an architect and is finalising the proposal. 100 Block of N Logan The Logan infill project cons~.sts of three ~racant lets ~.oeated at 1~~E, - 1012, and 1D1.5 North Logan Street. Staff continues to negot~.ate with - Orange County Community Housing Corpo~~.tian to develop a single- fa~n~.~.y home on each of the parcels . oCHC is partnering with Taller San Jose to develop the parcels, oCCHC is in the process of deve~.oping the project budget and continues to wor]~ with Planning on the design. The _ team is also In the process of defining the proce~s.s to be used for the selection of the homeowner, Staff anticipates bringing ~ DDA to the Rede~relopment Agency in January of 207. Multi-Site ~nfill In epte~nber, the Housing Division released a bequest for Qua~.~.fications ~RFQ} for the de~elopr~ent of thirteen sites throughout the city. The process was initiated by the distribution of a letter to more than 1QD developers. A mandatory pre-submission conference was held on Wednesday, l~ove~nber l~, 200E. A total of ~ individuals attended the meeting representing 1 different companies and organisations. taf ~ has responded to multiple quest~.ons and inquiries since the mandatory meeting. A total of eight Statement of Qualifications were recei~red. Staff is reviewing the submittals. I~CAL I~lF~~~ - There ~.s no fiscal impact associated with this action. ~ elly andry- ayle H using Division Manager omn~unity Development Agency SCH/~B1sr ll~~a-c1~16~c~datalA~T~~N~u0~7 HA1M~ntk~~y~ptHsgDiv~~oj&~ct N~ ~-2~~7.doc