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HomeMy WebLinkAboutMINUTES - 09081992 - 1.144 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA TO: - BOARD OF COMMISSIONERS DATE: September 8, 1992 FROM: Richard J. Martinez, Acting Interim Executive Director AUTHORIZATION TO SUBMIT CDBG APPLICATION FOR SUBJECT: FUNDING OF THE RENTAL REHABILITATION PROGRAM I. RECOMMENDED ACTION: Authorize the Acting Interim Executive Director of the Housing Authority of the County of Contra Costa to submit a $250,000 Commmunity Development Block Grant (CDBG) funding application for 1993-94 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 $250,000 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 $40,000 through either the operating budget for 1993/94 or the Local Management Fund. It is estimated that the investment of $250,000 in CDBG funds for 1993/94 and $40,000 in Housing Authority funds will yield $540,000 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 other funding sources are leveraged. To date, the Rental Rehabilitation Program has committed $2,325,494 in funds which has generated $3,974,491 of rehabilitation activity. The average cost of rehabilitation per unit has been under $12,000. 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 1993-94 funding. At its Regular Meeting on August 17, 1992 the Advisory Housing Commission removed to recommend approval of a $250,000 CDBG funding application for 1993/94 to continue the Rental Rehabilitation Program. CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION 04 BOARD MMITTEE APPROVE OTHER SIGNATURE(S) ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER VOTE OF COMMISSIONERS _„ 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. CC: County Administrator ATTESTED a/ (mz County Counsel Phil Batchelor, Clerk of the Housing Authority Board of Commissioners M3e2/7-e3 BY , DEPUTY Board of Commissioners September 8, 1992 Page -2- IV. CONSEQUENCES OF NEGATIVE ACTION: Should the Board of Commissioners fail to respond positively to this request to submit an application for $250,000 in Community Development Block Grant Program funds, the Rental Rehabilitation Program would be severely jeopardized and funding would not be available to administer the Programs. Additionally, the Board of Commissioners would be adopting a posture contrary to its position of using these funds top provide decent, safe and sanitary housing for low-income families.