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HomeMy WebLinkAboutMINUTES - 07082008 - C.108 Contra TO: REDEVELOPMENT AGENCY/ ' ' BOARD OF SUPERVISORS J ' _ . ; Costa FROM: DENNIS M. BARRY, AICP, INTERIM DIRECTOR County DEPARTMENT OF CONSERVATION AND DEVELOPMENT/ 3'' Co JOHN CULLEN EXECUTIVE DIRECTOR DATE: July 8, 2008 SUBJECT: Redevelopment Agency Funding of Housing Rehabilitation Loan Program SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATION: As the Governing Board of the Redevelopment Agency, APPROVE and AUTHORIZE the Redevelopment Director to execute a Project Agreement and Work Program with Contra Costa County, with a payment limit of $3 million and a term of July 1, 2008 to June 30, 2009 for implementation of the Redevelopment Housing Rehabilitation Loan Program for the Redevelopment Project areas in Montalvin Manor, North Richmond, and Rodeo. As the Board of Supervisors, APPROVE and AUTHORIZE the Interim Director, Department of Conservation and Development, or his designee, to execute a Project Agreement and Work Program with the Contra Costa County Redevelopment Agency, with a payment limit of $3 million and a term of July 1, 2008 to June 30, 2009 for the implementation of the Redevelopment Housing Rehabilitation Loan Program for the Redevelopment Project areas in Montalvin Manor, North Richmond, and Rodeo. FINANCIAL IMPACT: None. No General Funds would be utilized. Redevelopment Housing Set-Aside funds from Montalvin Manor ($780,000), North Richmond ($500,000), and Rodeo (1.72 million) will be utilized for the program. Portions of North Richmond's and Rodeo's Housing Set-Aside funds are budgeted for a prospective Multi-Family Housing Rehabilitation Program and will be under a separate contract with the Contra Costa County Housing Authority. CONTINUED ON ATTACHMENT: ® YES SIGNATURE: XRECONIMENDATION OF EXECUTIVE DIRECTOR ❑ REC MME ATION GENCY COMMI EE ❑APPROVE ❑ OTHER SIGNATURE(S): ACTION OF AGENCY ONy1, APPROVED AS RECOMMENDED ❑ OTHER ❑ VOTE OF COMMISSIONERS: I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN AND ,y UNANIMOUS(ABSENT YlU'i ) ENTERED ON THE MINUTES OF THE REDEVELOPMENT AGENCY ON THE DATE AYES:_ NOES: SHOWN. ABSENT:_ ABSTAIN: Q ATTESTED Contact: Gabriel Lemus (335-7229) JOHN CULLEN,AGENCY SECRETARY Orig: Redevelopment Agency cc: CAO County Counsel By: Deputy Conservation and Development Redevelopment Agency Building Inspection's=Neighborhood Preservation BACKGROUND: r The Redevelopment Agency's Plans for the Redevelopment Project areas of Montalvin Manor, North Richmond, and Rodeo, call for the establishment of a Homeowner Housing Rehabilitation Loan Program as part of the overall affordable housing programs of the Contra Costa Redevelopment Agency (Agency). The Agency's Housing Rehabilitation Loan Program would meet many of the Agency's goals, including the elimination of blight, the elimination of substandard buildings, preservation and enhancement of residential neighborhoods, and the expansion, improvement, and preservation of the supply of affordable housing. Currently the Neighborhood Preservation Program (NPP), under the Building Inspection Division of the Department of Conservation and Development, operates a County wide program that is primarily funded with Community Development Block Grant funds to help low- to moderate income households rehabilitate their homes. NPP staff would administer for the Agency the prospective Redevelopment Housing Rehabilitation Program and implement a programmatic approach for owner-occupied housing rehabilitation projects within the County's Redevelopment project areas. NPP staff would utilize budgeted Agency funds for general administration of the Redevelopment Housing Rehabilitation Program as well as ' to fund loans for respective rehabilitation projects within the Redevelopment Project areas in Montalvin Manor, North Richmond, and Rodeo. At this time, due to other project area priorities, the Redevelopment Project Area in Bay Point does not have funds budgeted for the prospective program. The project area in Bay Point: will be added to the program when project area funds are budgeted for the program in tho future.