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HomeMy WebLinkAboutMINUTES - 08161994 - 1.92 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA TO: BOARD OF COMMISSIONERS FROM: Richard J. Martinez, Executive Director DATE: August 16, 1994 SUBJECT: AUTHORIZATION TO SUBMIT CDBG APPLICATION FOR FUNDING OF THE RENTAL REHABILITATION PROGRAM SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION I. RECOMMENDED ACTION: Authorize the Executive Director of the Housing Authority of the County of Contra Costa to submit a $275,000 Commmunity Development Block Grant (CDBG ) funding application for 1995-96 to continue the Rental Rehabilitation Program; and to. execute all forms necessary in this endeavor, as recommended by the Advisory Housing Commission. II. FINANCIAL IMPACT: The $275,000 being requested in a CDBG application is necessary to cover administration and to leverage the implementation costs of the Rental Rehabilitation Program. The Housing Authority will provide matching funds of $20,000 through either the operating budget for 1995/96 or the Local Management Fund. Without the $275,000 in CDBG funding, the continuation of this established, successful program would be jeopardized. It is estimated that the investment of $275,060 in CDBG funds for 1995/96 and $20,000 in Housing Authority funds will yield $640;000 in rehabilitation activity. III. REASONS FOR RECOMMENDATION/BACKGROUND: In the past eight years the Housing Authority has been successful in obtaining funding from the Contra Costa County Community Development Block Grant (CDBG) Progam to develop and implement a countywide Rental Rehabilitation Program. Continued CDBG funding is vital as it provides a program base from which federal , state and private funding sources are leveraged. To date, the Rental Rehabilitation Program has committed $3,138,012 in funds which has generated $5,896,777 of rehabi'li;tation activity. The average cost of rehabilitation per unit is $12,259.00. This program has expanded the supply of affordable rental housing units available for low income families in Contra Costa County and it is estimated that 30 rental units could be rehabilitated with 1995-96 funding. At its Regular Meeting on August 15, 1994 the Advisory Housing Commission ,.;_:moved to recommend approval of a $275,000 CDBG funding application for 1995/96 to continue the Rental Rehabilitation Program. CONTINUED ON ATTACHMENT: YES SIGNATURE ' RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE . APPROVE OTHER SIGNATURE(S) : ACTION OF BOARD ON ,,,fl��-(- //� . Jg9� APPROVED AS RECOMMENDED ✓ OTHER VOTE OF COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A UNANIMOUS (ABSENT 1 TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF COMMISSIONERS ON THE DATE SHOWN. ATTESTED HILATCHELO , CLERK OF THE OARD OF COMMISSIONERS AND COUNTY ADM\INISTRATOR BYY� ( at �.x-I1 Qet�J , DEPUTY Board of Commissioners August 16, 1994 Page -2- IV. CONSEQUENCES OF NEGATIVE ACTION: Should the Board of Commissioners fail to respond positively to this request to submit an application for $275,000 in Community Development Block Grant Program funds, the Rental Rehabilitation Program would be severely jeopardized and funding would not be available to administer the Program. Additionally, the Board of Commissioners would be adopting a posture contrary to its position of using these funds to provide decent, safe and sanitary housing for low-income families.