HomeMy WebLinkAboutMINUTES - 10252005 - HA.1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
TO: BOARD OF COMMISSIONERS
FROM: Rudy Tamayo, Acting Executive Director
DATE: October 25, 2005
SUBJECT: ACCEPT REPORT ON THE HOUSING AUTHORITY OF THE COUNTY OF CONTRA
COSTA'S RENTAL REHABILITATION PROGRAM
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
I. RECOMMENDED ACTION:
ACCEPT report providing information regarding the Housing Authority's Rental Rehabilitation
Program.
11. FINANCIAL IMPACT:
None.
Ill. REASONS FOR RECOMMENDATION/BACKGROUND
Since 1985 the Housing Authority has been providing low cost loan funds to Landlords in the
County of Contra Costa. These funds have been used to repair rental housing for the benefit of low-
income families.
On an annual basis, the Housing Authority's Rental Rehabilitation Program (RRP) receives funds
from the County's allocation of Community Development Block Grant Program (CDBG) funds that are
provided from the Federal Department of Housing and Urban Development (HUD). The RRP also has a
revolving pool of funds known as the Rental Rehab Income (RRI). As the existing loans are paid off they
generate additional income and interest earnings for this RRI providing a steady stream of money for new
loans and administrative costs
Funds for the 2004/05 program year assisted in the rehabilitation of 30 rental units. The RRP has
been approved for$235,000 in CDBG funds for FY 2005/06. Currently there are 12 units under
construction and new applications are in process for the rehabilitation of an additional 15 units.
This report is to provide status to the Board of Commissioners on the Housing Authority of the
County of Contra Costa's Rental Rehabilitation Program.
CONTINUED ON ATTACHMENT: YES SIGNATU
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON 2,6 2606 APPROVED AS RECOMMENDED V O/HER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
*v/ UNANIMOUS (ABSENT 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 0CkbwI
"'N CLERK OF
Z�TQ,�j
4
JOHN SWEETEN,
THE BOARD OF COMMISSIONERS
AND COUNTY ADMINISTRATOR
cc: Jim Kennedy,Community Development Department
Kara Douglas,Community Development Department
BY DEPUTY
CADocurnents and Settings�jhayes\Local SettingsUernporary Internet Files\01-KF\130-Accept Report-RenalRehab Prograrn.doc