HomeMy WebLinkAboutMINUTES - 09221998 - C110 cwo
Contra
Costa
TO: BOARD OF SUPERVISORS
FROM: Dennis M. Barry, AICP W County
Interim Community Development Director
DATE: September 22, 1998
SUBJECT: Request for Transfer of Community Development Block Grant (CDBG)
Funds
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
( 1 ) AUTHORIZE the Auditor-Controller to carry forward $80,000 in
unexpended FY 1997/98 CDBG funds previously allocated to the City of
San Pablo for the Residential . Rehabilitation and Neighborhood
Preservation (RRNP) Program under CDBG Project Agreement 97-03 HSG to
CDBG Project Agreement 98-7 HSG for the City's FY 1998/99 RRNP
Program; (2 ) increase the payment limit under CDBG Agreement 98-7 to
a maximum of $250,000; and (3) reallocate $116,701 remaining from CDBG
Agreement 97-03 HSG to the FY 1998/99 CDBG Housing Development
Assistance Fund.
FISCAL IMPACT
No General Fund impact. CDBG funds are allocated to the County on an
annual basis by the U. S. Department of Housing and Urban Development.
BACKGROUND/REASONS- FOR RECOMMENDATIONS
The purpose of the Residential Rehabilitation and Neighborhood
Preservation Program operated ,by the City of San Pablo is to mai ain
CONTINUED ON ATTACHMENT: X YES SIGNATURE: j
RECOMMENDATION OF COUN'T'Y ADMINISTRATOR RECOMMENDAIO OF B A D COMMIT
APPROVE OTHER
1
' t �
SIGNATURE(S) :
ACTION OF BOARD ONS 22, 1998 APPROVED AS RECOMMENDED X /
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS {ABSENT N ) '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.
Contact: Kathleen K. Hamm
335-1257 ATTESTED-_A �MAt.) 19
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller AND COUNTY ADMINISTRATOR
Community Development
City of San Pablo BY �cvL ,tJ �� , DEPUTY
and improve the City' s affordable housing stock and neighborhoods.
CDBG funds are used to provide low-interest deferred loans,
emergency grants, and paint rebates for the rehabilitation of
housing owned and occupied by low-income households in San Pablo.
The program generates CDBG program income through loan repayments .
The Residential Rehabilitation and Neighborhood Preservation
Program is an ongoing program. On April 28, 1998, the Board of
Supervisors approved $70,000 in FY 1998/99 CDBG funds for this
Program to be combined with an estimated $117,000 in carryover
funds from FY 1997/98 and program income of approximately $63,000
for a total FY 1998/99 CDBG budget of $250,000. This level of
funding is adequate to provide an estimated 12 housing
rehabilitation loans, 12 paint rebates, and eight emergency
rehabilitation grants for low-income homeowners in San Pablo.
At the close of FY 1997/98, the City of San Pablo had a total of
$196 ,701 in unexpended CDBG funds under CDBG Project Agreement 97-
03 HSG plus an additional $58, 300 in accumulated program income.
Taking into account existing loan commitments of $9,594 , at the
close of the fiscal year the program had uncommitted, unexpended
resources remaining of $245,407 . In order to provide a budget of
$250,000 in CDBG funds for additional loans, grants and rebates
under the FY 1998/99 RRNP Program, the following resources are
required.
FY 1998/99 CDBG funds as approved by the
Board on April 28, 1998 $ 70,000
CDBG carryover funds from CDBG Project
Agreement 97-03 HSG $ 80,000
CDBG program income $100,000 (a)
TOTAL CDBG funds $250,000
(a) Includes program income of $58, 300 remaining at the close
of FY 1997/98 less obligated loan funds of $9,594 plus
anticipated FY 1998/99 program income of $51,294 . The CDBG
payment limit for CDBG Project Agreement 98--7 will total
$259,594 to include funds obligated but unexpended at the
close of FY 1997/98 .
It is further recommended that the remaining $116, 701 in unexpended
FY 1997/98 funds under CDBG Project Agreement 97-03 be reallocated
to the CDBG Housing Development Assistance Fund (CDBG/HDAF) for use
in funding additional affordable housing projects as they develop
during the program year. The current balance of the CDBG/HDAF is
$1,202,678. Approval of the additional funds will bring the
balance up to $1, 319,379 . Based on current and potential
applications, the potential demand for CDBG/HDAF funds is over $1
million.
kh/18/HOS98-7