HomeMy WebLinkAboutMINUTES - 05031994 - 1.53 �• 5
TO: BOARD OF SUPERVISORS
FROM: Franklin Lew, Director of Building Inspection
By: Mickie Perez, Chief, Property Conservation Division
DATE: April 20, 1994
SUBJECT: Waiver 'of Maximum Loan Amount Under the Housing Rehabilitation
Program Policies.
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Request a waiver of' the maximum loan amount for a Housing Rehabilitation
Loan to be made to Mr. Walter Hicks of 1857 7th Street, Richmond, CA 94803.
The request is for a loan of $36, 190. 00
FISCAL IMPACT
No County Funds used.
BACKGROUND
The Board has adopted policy guidelines for the Community Development Block
Grant funded Housing Rehabilitation Program with the maximum amount of loan
to be at $25, 000.
The program has determined that the loan amount should exceed the maximum
loan amount because of several factors; a fire which caused extensive damage
to the house; the property is in a Low Income Target Area and a Redevelopment
area; and when repaired the structure will be valued at 25% higher than
assessed value.
CONTINUED ON ATTACHMENT: YES SIGNATUR
RECOMMENDATION OF COUNTY ADMINISTRATOR
RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE (S) :
ACTION OF BOARD ON 5/3/94 APPROVED AS RECOMMENDED x OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS
x UNANIMOUS (ABSENT ) IS A TRUE AND CORRECT COPY
AYES: NOES: OF AN ACTION TAKEN AND ENTERED
ABSENT: ABSTAIN ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE
SHOWN.
cc: Community Development ATTESTED May 3 , 1994
Building Inspection Dept. Phil Batchelor,
Clerk of the Board
of Supervisors and
C.01inty dministrator
BY: D , DEPUTY