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1-045
TO: BOARD OF SUPERVISORS
FROM: Harvey E. Bragdon
Director of Community Development Costa
/
DATE: July 14, 1987 CC _'
SUBJECT: Approval of the 1987-88 Community Development Block Grant (CDBG)
Program Project Agreement; Najera Estates Homeowners Association
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Authorize the Chair to approve the 1987-88 CDBG Program Project
Agreement with the Najera Estates Homeowners Association with a
payment limit of $103, 600 from the Housing Development Assistance
Fund.
FISCAL IMPACT
None. ( 100% HUD Funds)
BACKGROUND/REASONS FOR RECOMMENDATIONS
The Najera Estates is a single family residential development in
the unincorporated community of Oakley. The funds in this
agreement will be used to provide mortgage assistance to low and
moderate income homebuyers in the form of deferred second deeds of
trust.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI F B'AJ COMMITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON T„ �r 28 1987 APPROVED AS RECOMMENDED X_ OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
x UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
cc: Community Development ATTESTED July 28, 1987
Auditor-Controller (c/o Nona) PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS.
County Administrator Office Via Risk Mgmt. AND COUNTY ADMINISTRATOR
Contractor
DEPUTY
SE/mb
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