HomeMy WebLinkAboutMINUTES - 08121986 - 1.32 TO BOARD OF SUPERVISORS
FROM : Harvey E. Bragdon Contra
Director of Community Development CJ�. JIQ
DATE: July 30, 1986 Cx) �
�rty
SUBJECT: Approval of the Twelfth Year (1986-87) Community Development Block Grant
(CDBG) Program Project Agreement; ECHO
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION `
RECOMMENDATION:
Authorize the Chair to approve the twelfth year CDBG Program Project Agreement
with the Eden Council for Hope & Opportunity, Inc. , to implement activity 12-11
Reverse Annuity Mortgage Program with a payment limit of $18,400.
FINANCIAL IMPACT:
None (100% HUD Funds)
BACKGROUND:
Eden Council for Hope & Opportunity has operated a reverse annuity mortgage
(RAM) program in Alameda County and surrounding areas for several years. This
project will fund a staff person to expand the RAM program through local
speaking engagement, newspaper ads and press releases and off indepth in-home
counseling on the option of converting home equity into monthly income.
CONTINUED ON ATTACHMENT: YES SIGNATURE
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMM TION F B D COMMITTEE
APPROVE OTHER
SIGNATURE S :
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
1 HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ABSENT _) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES. AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC: Community Development Dept. ATTESTED
County Administrator - --- - l - ----
` PHIL BATC LOR, CLERK OF THE BOARD OF
County Counsel SUPERVISORS AND COUNTY ADMINISTRATOR
Auditory (Betty Dreyer)'
Contractor
BY ,DEPUTY
M382/7-83
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