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MO 2012-003
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1/19/2012 1:43:40 PM
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1/19/2012 1:40:55 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Minute Order
Document Date (6)
1/17/2012
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8J Consent 2012 0117
(Reference)
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\City Clerk\City Council\Agenda Packets\2012\Packet 2012 0117
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c ry+ Ibp M OM ; Ag*r <br />CAS fM"1Cf1�6tiY£f1�Q <br />' AT <br />Achievement Information (Unaudited) <br />ig -term affordability of Las Palmas. In addition, current affordability <br />:tions on 45 of the 91 units for low- income households at or below 60% AMI <br />:xtended for an additional fifteen years (15) from 2015 to 2030, while the <br />oan also restricted an additional five (5) units for very-low income <br />iholds (50% AMI) for a 55 -year period until 2066. <br />5) low interest loans and thirty (30) grants were awarded through the <br />ential Rehabilitation Program, which is funded by Set -Aside Funds. All of the <br />ans went to senior homeowners: two (2) of the loans were for extremely low - <br />ie seniors and three (3) were for very low income seniors. Of the 30 grants <br />nor home repairs, fourteen (14) were for extremely low- income and twelve <br />sere for very low- income and four (4) were for low income. Twenty -two (22) of <br />ants were for seniors. <br />agency approved ten loans under the First Time Home Buyer (FTHB) down <br />ent/closing cost assistance program. Seven (7) were for low- income and <br />(3) for moderate - income first -time homebuyers. <br />r the FTHB Program, the Agency conducted two free homebuyer education <br />iars for potential first -time buyers. Overall, there were 43 certificates of <br />letion awarded to households completing the seminars. The Agency also <br />Jed free one -on -one homebuyer counseling to 25 households all of whom <br />low- to moderate - income San Leandro residents and /or employed in the City. <br />Achievement Information (Unaudited) Page 7 12/15/2011 <br />
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