3A Public Hearing 2007 0917 - Laserfiche WebLink

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FY2006-2007 CAPER -2- September 17,2007 National Objective: Provide Decent Housin2, Priority # 1. Increase the availability of affordable rental housing for extremely low-, very low-, low- and moderate-income families. . New construction of affordable housing Ongoing discussions about City funding for land acquisitions and new construction of 51 units of affordable senior rental housing by Eden Housing, Inc., a non-profit developer, have occurred and City Council funding and Redevelopment Agency approval occurred in late July 2007. . Acquisition and rehabilitation of affordable housing . Islander Motel/Casa Verde Rehabilitation: The City has been working closely with Mercy Housing Corporation (MHC), the developer and property manager for the Islander Motel, now known as Casa Verde, a 68-unit property that is being transformed from a motel into permanent affordable rental housing. These units will count as new affordable housing units produced by the City, because they changed from commercial use (e.g., motel) to residential. MHC began rehabilitation in February 2007 and will be accepting tenant applications during the fall of 2007. This proposal will assist very low- and extremely low-income renters. No HUD funds were used on this project. Priority # 2. Preserve existing affordable rental and ownership housing for low- and moderate-income households. . Housing Rehabilitation Program The Housing Rehabilitation Program provides low-interest rehabilitation loans up to $35,000 for single-family houses. This program provided seven loans totaling $219,258, using Redevelopment Housing Set Aside Funds. Of these seven loans, five were for seniors, three were for extremely low-income, three for very low-income, and one for low-income households. . The Housing Rehabilitation Program, which also has six types of grant programs for minor home repairs, provided 22 grants totaling $90,758, using Redevelopment Housing Set Aside Funds, for lower-income home owners. Of these 22 grants, 18 were for seniors, 11 were for extremely low-income and 11 for very low-income households. The breakdown for the types of services is: · 7 Accessibility · 1 Asbestos abatement · 3 Exterior paint · 9 Mobile home repair · 2 Seismic strengthening Priority # 3. Assist low- and moderate-income first-time homebuyers. . Two homebuyer loans were approved in FY2006-07 under the City's First-Time Homebuyer down payment/closing loan program to allow two moderate-income families to purchase homes. One other family purchased a below-market rate home, too, through a Resale Agreement. . City staff sponsored and provided three homebuyer education seminars for potential first- time buyers. Local mortgage lenders, realtors, appraisers, escrow officers, and home inspectors helped teach the seminars. Eighty-five (85) people received certificates of