My WebLink
|
Help
|
About
|
Sign Out
Home
3A Public Hearing 2007 0917
CityHall
>
City Clerk
>
City Council
>
Agenda Packets
>
2007
>
Packet 2007 0917
>
3A Public Hearing 2007 0917
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/15/2008 12:46:06 PM
Creation date
9/12/2007 4:38:54 PM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
9/17/2007
Retention
PERM
Document Relationships
_CC Agenda 2007 0917
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2007\Packet 2007 0917
Reso 2007-122
(Reference)
Path:
\City Clerk\City Council\Resolutions\2007
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
56
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />FY2006-2007 CAPER <br /> <br />-2- <br /> <br />September 17,2007 <br /> <br />National Objective: Provide Decent Housin2, <br /> <br />Priority # 1. Increase the availability of affordable rental housing for extremely low-, very <br />low-, low- and moderate-income families. <br /> <br />. New construction of affordable housing <br />Ongoing discussions about City funding for land acquisitions and new construction of 51 units of <br />affordable senior rental housing by Eden Housing, Inc., a non-profit developer, have occurred <br />and City Council funding and Redevelopment Agency approval occurred in late July 2007. <br /> <br />. Acquisition and rehabilitation of affordable housing <br />. Islander Motel/Casa Verde Rehabilitation: The City has been working closely with <br />Mercy Housing Corporation (MHC), the developer and property manager for the Islander <br />Motel, now known as Casa Verde, a 68-unit property that is being transformed from a <br />motel into permanent affordable rental housing. These units will count as new affordable <br />housing units produced by the City, because they changed from commercial use (e.g., <br />motel) to residential. MHC began rehabilitation in February 2007 and will be accepting <br />tenant applications during the fall of 2007. This proposal will assist very low- and <br />extremely low-income renters. No HUD funds were used on this project. <br /> <br />Priority # 2. Preserve existing affordable rental and ownership housing for low- and <br />moderate-income households. <br /> <br />. Housing Rehabilitation Program <br />The Housing Rehabilitation Program provides low-interest rehabilitation loans up to $35,000 for <br />single-family houses. This program provided seven loans totaling $219,258, using <br />Redevelopment Housing Set Aside Funds. Of these seven loans, five were for seniors, three <br />were for extremely low-income, three for very low-income, and one for low-income households. <br /> <br />. The Housing Rehabilitation Program, which also has six types of grant programs for <br />minor home repairs, provided 22 grants totaling $90,758, using Redevelopment Housing <br />Set Aside Funds, for lower-income home owners. Of these 22 grants, 18 were for <br />seniors, 11 were for extremely low-income and 11 for very low-income households. The <br />breakdown for the types of services is: <br />· 7 Accessibility <br />· 1 Asbestos abatement <br />· 3 Exterior paint <br />· 9 Mobile home repair <br />· 2 Seismic strengthening <br /> <br />Priority # 3. Assist low- and moderate-income first-time homebuyers. <br /> <br />. Two homebuyer loans were approved in FY2006-07 under the City's First-Time <br />Homebuyer down payment/closing loan program to allow two moderate-income families <br />to purchase homes. One other family purchased a below-market rate home, too, through <br />a Resale Agreement. <br /> <br />. City staff sponsored and provided three homebuyer education seminars for potential first- <br />time buyers. Local mortgage lenders, realtors, appraisers, escrow officers, and home <br />inspectors helped teach the seminars. Eighty-five (85) people received certificates of <br />
The URL can be used to link to this page
Your browser does not support the video tag.