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AgdaPkt 2018-06-25 Joint SA PFA
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AgdaPkt 2018-06-25 Joint SA PFA
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Last modified
6/27/2018 2:01:05 PM
Creation date
6/21/2018 5:47:06 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/25/2018
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<br />Public Notification <br />The Community Participation Plan requires the City to provide a 30-day comment period <br />for the Substantial Amendment to the Annual Action Plan prior to review and adoption <br />by the Council. The HHCC held a public hearing on June 12, 2018 to review the <br />substantial amendments to the FY2018 Annual Action Plan. The comment period began <br />on May 11, 2018 and concluded on June 12, 2018. No comments were received during <br />this time period. <br /> <br /> <br /> <br /> <br /> <br />Non-Housing Community Development <br />Renaissance–Entrepreneurship 27,500 27,500 0 <br />CORA-Connie’s House 0 58,467 58,467 <br />Housing – Minor Housing Rehabilitation <br />CIID– Housing Accessibility Program 15,000 15,000 0 <br />Rebuilding Together- Minor Home Repair 15,000 20,000 5,000 <br />Rebuilding Together - Rebuilding Day 20,000 20,000 0 <br />City Home Improvement Loan Program <br />Administration, Single & Multifamily Loans <br />0 48,353 48,353 <br />Housing – Capital Project <br />HIP Housing – Refinance (330 Redwood Ave) 275,000 210,661 64,339 <br />TOTAL CDBG ENTITLEMENT 715,572 <br />CDBG REVOLVING LOAN FUND (PROGRAM INCOME) <br />Home Improvement Program Support 75,000 75,000 0 <br />Single Family Rehab Loan Program 75,000 75,000 0 <br />Multifamily Rehab Loan Program 50,000 50,000 0 <br />TOTAL CDBG REVOLVING LOAN FUND 200,000 <br />HOME ENTITLEMENT <br />HOME Administration 20,000 32,149 12,149 <br />Community Housing Development Organization <br />Set-aside: HIP Housing (Refinance Redwood Ave) <br />30,000 48,223 18,223 <br />Housing: HIP Housing (Refinance Redwood Ave) 150,000 241,488 91,116 <br />TOTAL HOME ENTITLEMENT 321,488 <br />TOTAL 1,237,060 <br /> <br />*20% statutory maximum of CDBG entitlement allocated for grant administration, planning, <br />and fair housing activities. These costs include but are not limited to: staff salaries, <br />environmental reviews, planning, general management, and implementation of grant <br />program. These grant funds reduce the impact on the City’s General Fund. <br />6.3.F. - Page 3
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