HomeMy WebLinkAboutMINUTES - 12011987 - 1.137 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS DATE: November 17, 1987
FROM: perfecto Villarreal , Executive Director cc: N
SUBJECT: PROPOSED PROGRAM GUIDELINES FOR THE
RENTAL REHABILITATION PROGRAM, DATED 9/87
I . RECOMMENDED ACTION:
ADOPT proposed Program Guidelines for the Rental Rehabilitation Program, dated
9/87, as recommended by the Advisory Housing Commission.
II. FINANCIAL IMPACT:
None.
III . REASONS FOR RECOMMENDATION/BACKGROUND:
The Housing Authority has operated a very successful rental rehabilitation loan
program since 1984 using CDBG funds and HUD Rental Rehabilitation funds providing
loan subsidies to rehabilitate substandard rental units. Two loan packages have been
used to implement these subsidies, a deferred/matching funds loan and an interest
subsidy loan through a commercial lender. Many units have been rehabilitated under
these loan packages; however, in order to improve the program we are proposing new
loan packages to replace the existing ones. These guidelines were adopted by the
County' s Housing & Community Development Advisory Committee on October 28, 1987.
We believe the changes proposed will enhance an already successful program and
help use funds allocated for the intended purpose--rehabilitation of substandard ren-
tal units. They provide a greater subsidy to investors but will result in better
program performance, more units rehabilitated and more lower income families
assisted.
At its Regular Meeting on November 16, 1987, the Advisory Housing Commission
voted to adopt the Program Guidelines for the Rental Rehabilitation Program, dated
9/87, as presented by Staff,
IV. CONSEQUENCES OF NEGATIVE ACTION:
Should the Board of Commissioners elect to not adopt the proposed Program
Guidelines for the Rental Rehabilitation Program, fewer rehabilitated rental units
would be available for low income families requiring assistance, and program perfor-
mance could be curtailed.
CONTINUED ON ATTACHMENT: YES SIGNATURE: LP" ^P"
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDA ON OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON NW APPROVED AS RECOMMENDED X OTHER
ry
VOTE: OF COMMISSIONERS
X__ UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS A TRUE AND
AYES: _ NOES: CORRECT COPY OF AN ACTION TAKEN AND
ABSENT: ABSTAIN: ENTERED ON THE MINUTES OF THE BOARD
OF COMMISSIONERS ON THE DATE SHOWN.
i
C-ount Ad,ninistrator DEC 11987
C C: y ATTESTED
County Counsel. Phil Batchelor, Clerk of the
Housing Aut.r.ority Board of Commissioners
IDEPUTY
j Mse2h•es BY �i%G�iG�%%�G>(X.(.U' _.