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Home My WebLink About04 MthlyRptHsgDivProjActREQUEST FOR HOUSING AUTHORITY ACTION .. MEETING a-~TE: ~~s~~AA~~ ~, ~oo~ TITLE: DNTHLY REPORT ~o~t HoC~SING DIVISION PROJET A~TD P~~TI~TITI~ DEF~BEIt ~ a o s ^ A ~e~ommended ~ As ~r~ended CoNT~NUED To ~~ ECUTIVE 1RECTOR RECOMMENDED ACTION Receive and file . o1+~J~TITY R~DE~TEL~PINT AND HoDING CD~II~N ~TION At its Regular Meting of January and ~ouing Commiion recorne~ded file this report by a vote of :~. ~.6, 207, the Community Rev~lopment that ~~~ Housing Authority receive end DIC~UI01~ The December 2005 monthly status report provides t~t~.~tics for the day- to~day affordable hous~.ng ~otivities of the City and the omrr~~znity Redevelopment Agency. The report ~. divided into four seotior~ Loan Aoti~r~.ty, Loan Portfol~.o Management, Compliance Monitoring, and Development Prod ect . As the ~~.cal year progresses, the graphs ~r~.ll reflect the increased activities. Loan Ativit~ Applications the Housing Services Division offers rehabilitat~.on loan programs des~.gned for homebuyer assistance American Dream Dorn-- payment Assistance, "ADDI"} and the rehab of o~rner occupied historic single am.ily, single family and mobile homes. There are four different mobile home programs: Mobile Home Chaff ~ ~~Q~ ~a 4~ Ma~ile Ffome s~ ~~~~~~~ EI~ETA~ USE o~~~: APPRo1lEU Monthly Report fog Housing Divilan Projects Tend at~.vitie - Deen~ber ~ ~ a ~`ebruary ~ , 2 ~ a 7 . Page 2 Hardship Fargi~r~ble loan Program, ~`ederal Empowerment bane Forgivable Loin Program, alHome Mobile Home Rehab ~o~n Program, and alHame Replacement Loin Program. The Housing Division re~riews applications to determine which pragr~m best fits tie needs of the applicants. ~pplic~tians are mailed out end recei~red far these programs on ~ continuing basis. chart 1 shags the number of applic~.tlans sent out by type this fiscal year. ~,oan Underwriting end approval Process Stiff reviews applicant eligibility, verifies ~.ncame and assets, oversees underwriting, conduits ~n ~.nspection of the unit, and prepares a wor]~ write up to determine reh~bl~~.tation work to be performed, Due to the aomple~ funding requirements, applicants may be ire underwriting ~s long as several mant.s. It is largely determined by the applicant to sub~.t the necessary paperwork. Once approved, stiff prepares all necessary loan documents, makes arrangements far e~eoutian, and reserves the required lawn funds. chart ~ ind~.oates the 1o~ns in the underwriting process ~ of December. G~art 3 L~a~s Approved z 1 ingie Family M agile Hanle Mabiie Hame Homepuyer Rehabilitation ~ep~acement ~ehahilitation ~rflgra~ Ch~r# 2 I~oar~ ire Underwriting NCabiie F6a ReY~ab~Repiacement S ir~~ie Far~ly owner s chart reflects the total number of loans approved this fiscal year by type of loan and inoa~ne level. To date, there as~~A~E ®~ae~~~~ have been seventeen lams [.4]3a°IaAMG funded . ~~ Monthly deport for Housing Division Projects And Activities - December ~O~ February 5, ~~D7 ... gage construction ~'rooes During this phase, staff ~non~.tors the construction word, approves payments to contractors, and trac]~s expenditures to ensure they do not exceed available funds. Multifamily projects often involve additional issues such as compliance w~.th prevailing wage requ~.ren~ents ad~or Davis- Bacon, chart 4 shows the types of un~.ts under construction. As of Deoem~er, there were a total of 11~ units underway. Ch~r~ 4 ~nifs l~nderway X40 ~2~ ~0~ H~ ~~ 40 ~0 Q L~ar~ Fo~tfolio Management D MH Replacement ® Rental Uni# ^ ~F Rehab MH Rehab ~'he Housi~.g Division is responsible for ensuring the integrity of the residential loan portfolio. As of December, the principal balance was ~~ . million. ~'h~.s ,is comprised of 4~.4 ioans of which ~1 were deferred payment loans. T`he loan portfolio has generated ~08,~04 in repayments of principal and interest since the beginning of this fiscal gear. ~mpliane Monitv~~.ng fiver the years, the City a.nd Agency have received funds from various state and ~'edera~. programs . These funds each have specific restrictions and requirements. ~'he Division is responsible for ensuring that the projects are in compliance with these requirements, and that the units Meet the City's municipal code as it relates to hea~.th and safety requirements. Monitoring includes case fi1.e review, unit inspections, non-profit certifications and or~site auditing. ~~ ~~ g duly A~g~t dept Oct Nou Dec Manthl~ Report for Housing Di~~.sion Pro~eat And Activities - Deaezr~.ber ~00~ _.:...._ ~ebruar ~, 20D7 `..... Page 4 De~rel~pr~ent P~v~e~t f Multi-Family ~~habili~~.~io~ Raitt Street Infill Site Staff continues to negatiate with ivio tenter Barr~.a Housing ~arparatian ~CBHC}. It is anticipated that rental units gill be devela~ed for ver~r law and law-income fai~.ies. The number of units that will be develaed an the site has het to be determined. Hawever, CBH~ has now selected a ro~eat architect. x.000 Blank of N Logan The Logan inf~.ll project consists of three vacant lats located at la~E, x.012, and 101 forth Logan Street, grange Caunt~r ~omrnunity Housing orparation ~~~H~} has naw reached an agreement with the Planning and Building Agency concerning site plan, elevation and facades of the three single-family hares to be developed on these lots . A full cot analysis is now underway by aHC; and anae finalised, staff anticipates bring,zng a Dispait~.on and Develapment Agreement to the Redeveiopment Agency far approval. O~HC i partnering with Ta11er San dose on this project and i ~~aking extensive use of pro bana services. . Mu1ti~~ite Inf~.ll In September, the I~ausing Division released a Request for ~ualifiaations far the developrent of thirteen sites throughout the pity, The process was .initiated by the distribution of ~ letter to morn than 100 develapers. A total of seven .Statement of ual~.fiaations were received. ~ team of staff mer~bers has reviewed and rated the submittals . The team wi~.l be checking references and znterviewing the tap three submittals. FISCAL IP~CT Thane is no fiscal impact associated with this cation. belly andr~r-Ba e Housing Di~ri ion Manager ammunity Development Agency H/LBIsr x;1~C~'I4N~Sr~~~7 xA1M~n~~Rp~risg~rojsAc~ivi~i~ Dec xx 2~5-Q7.do~ ~~.