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HomeMy WebLinkAboutMINUTES - 12062005 - HA2 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA YA TO: BOARD OF COMMISSIONERS 2oo FROM: Rudy Tamayo, Acting Executive Director DATE: December 6, 2005 SUBJECT: AUTHORIZE THE ACTING EXECUTIVE DIRECTOR TO SUBMIT AN APPLICATION TO THE CITY OF ANTIOCH FOR $200,000 OF THE CITY'S COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS FOR THE HOUSING AUTHORITY'S RENTAL REHABILITATION PROGRAM IN THE CITY OF ANTIOCH. SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION I. RECOMMENDED ACTION: AUTHORIZE the Acting Executive Director of the Housing Authority of the County of Contra Costa to submit an application for funds in the amount of$200,000 from the City of Antioch's Community Development Block Grant (CDBG) program, and to execute all forms necessary to provide an agreement with the City of Antioch for funds to continue operations of its' Rental Rehabilitation Program for the 2006-2007 Fiscal Year. II. FINANCIAL IMPACT: Successful award by the City of Antioch will provide $200,000 of CDBG funds to the Housing Authority for the City's Rental Rehabilitation Program. III. REASONS FOR RECOMMENDATION/BACKGROUND The Rental Rehabilitation Program operated by the Housing Authority will continue to provide loans to property owners in Antioch. The loans will be used to rehabilitate affordable rental housing units for low-income families. The $200,000 in CDBG funds will leverage approximately $200,000 more in private investment to repair approximately 15 to 20 rental-housing units. There is a continuing need for decent affordable rental housing for lower-income families countywide. Antioch's CDBG funding allocation for the Rental Rehabilitation Program will leverage private investment to rehabilitate affordable rental housing by providing financial incentives and technical assistance. IV. CONSEQUENCES OF NEGATIVE ACTION: Should the Board of Commissioners elect not to authorize the Acting Executive Director to submit the application fewer decent affordable rental-housing units will available to low-income families within the City of Antioch. CONTINUED ON ATTACHMENT: YES SIGNATOR RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF BOARD ON FEL �Ot COS APPROVED AS RECOMMENDED � Oy�1ER VOTE OF COMMISSIONERS t�,,_ ��� � HEREBY CERTIFY THAT THIS IS A V/ UNANIMOUS (ABSENT I"w/Le/ ) 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 beaN&�. �P� .200, JOHN SWEETEN, CLERK OF THE BOARD OF COMMISSIONERS AND COUNTY ADMINISTRATOR l BY DEPUTY H:WudyHayes\MSOFFICE\WINWORD\BOARD\BO-CDBG City ofAntioch.doc