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Home My WebLink AboutMINUTES - 03141995 - 1.36 ' (Rev.) 124 �= Contra �i Costa TO: BOARD OF SUPERVISORS . _J. FROM: Harvey E. Bragdon �� County Director of Community Development DATE: March 14, 1995 SUBJECT: Mortgage Credit Certificate Program SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS Authorize the Chair of the Board of Supervisors to execute and submit a letter to the members of the California Debt Limit Allocation Committee (CDLAC) , the Acting Executive Director of CDLAC, and the local legislative delegation to encourage support of the Mortgage Credit Certificate (MCC) Program. FISCAL IMPACT None. BACKGROUND/REASONS FOR RECOMMENDATIONS Contra Costa County has been an active participant in the Mortgage Credit Certificate Program since 1991. Since the inception of the program, Contra Costa County has provided assistance to over 1,200 first time homebuyers. On February 23 , 1995, without prior notice to local housing jurisdictions, CDLAC announced that local (MCC) Programs would be phased out. The recommended 1995 MCC allocation was reduced to $146.7 million, 15% of the 1994 MCC allocation. Contra Costa County's recent allocation request for our existing MCC Program has been reduced from $60, 000, 000 to $14, 000, 000. This is an abrupp change in//Previous CDLAC policy. Because of the overwhelming resp nse of l housing CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECO ENDATION F BOARD CO ITTEE APPROVE OTHER i •SIGNATURE(S) : ACTION OF BOARD ON March 14 , 1995 APPROVED AS RECOMMENDED x OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A x UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. Source: Kelly Calhoun 646-4208 ATTESTED March 14 , 1995 Orig. Dept. Community Development PHIL BATCHELOR, CLERK OF cc: County Administrator THE BOARD OF SUPERVISORS County Counsel AND COUNTY ADMINISTRATOR via Community Development. Cal-ALPHA KC3/jb/cdlac.bos BY " , DEPUTY jurisdictions, the vote on this policy issue has been postponed for a meeting scheduled on March 22, 1995. This meeting has been scheduled to hear concerns of local housing jurisdictions. Contra Costa County is working cooperatively with other housing jurisdictions and the California Association of Local Housing Finance Agencies to provide information to CDLAC on this issue. The recommendations that need to be sent to CDLAC prior to a final decision on this issue can be summarized as follows: 1. No reduction in the 1995 allocation for local housing programs; 2 . Local programs more effectively address local conditions; 3. Local officials should have the ability to choose the programs that are the most effective for their specific areas; and 4. Local communities should have prior notice for drastic changes in State housing policy. I I I The Board of Supervisors Contra �erkBaneBoad and County Administration BuildingCOSta Cou toy dministr for 651 Pine Street, Room 106 646-2371 Martinez, California 94553-1293 County Tom Powers,1 st District Jeff Smith,2nd District aE_s""L•_,o� Gayle Bishop,3rd District =_ Mark DeSaulnier,4th District Tom Torlakson,5th District sra.coup March 14, 1995 Representative Bill Baker U.S. House of Representatives Washington, DC 20515 Dear Representative Baker: RE: CONTRA COSTA COUNTY MORTGAGE CREDIT CERTIFICATE PROGRAM The members of the California Debt Limit Allocation Committee (CDLAC), Governor Pete Wilson, State Treasurer Matt Fong, and State Controller Kathleen Connell have scheduled a meeting for March 22, 1995, to vote on the proposed reduction and possible elimination of all California Mortgage Credit Certificate (MCC) Programs. In 1994 MCC programs in California received 64% ($1 billion), of the statewide allocation. This year in a surprise move, the State has proposed cutting the MCC allocation to 9% ($146 million) of the total $1.6 billion in statewide allocation. The announcement of this proposed reduction and possible elimination of the MCC program was made at the February 23, 1995 CDLAC meeting, without prior notice to many housing agencies. The recommendation for elimination of the MCC program is being made based on an unusually high demand for allocation authority in the 1995 calendar year. The proposed reduction in California MCC programs is an abrupt change from previous CDLAC policy. Previous policy and legislative priority of CDLAC has been to promote housing affordability for lower income families and individuals. The MCC program has been an effective vehicle for providing housing affordability for lower income families in Contra Costa County. The MCC program in Contra Costa County has operated on a multijurisdictional (Countywide) basis since 1991. During this period the MCC program in Contra Costa County has provided assistance to over 1,450 first-time homebuyers. In addition, approximately 50% of the individuals and families assisted have had incomes at or below 80% of the area median income. The average income of households assisted in the County's MCC program has been $39,700, well below the average County median income (approximately $55,000). Representative Baker March 14, 1995 Page 2 The MCC program has been instrumental in reaching the housing goals of Contra Costa County. We urge your support in continuing the Mortgage Credit Certificate programs at a statewide allocation level sufficient to assure their viability in our County and throughout the State. If your office could contact the members of CDLAC to make your opinions known, it would be of substantial help. If you require additional insight, please contact Kelly Calhoun in the County's Community Development Department at (510) 646-4208. Sincerely, Lys cs XC41� Chair, /Board of Supervisors Contra Costa County GB/KC/jb cc: Don Maddy, Acting Executive Director, CDLAC CDLAC Committee Members Darlene Houk, Government Relations Building Industry Association Gary Hambley, Building Industry Association nWkgaei.m Phil Batchelor The Board of Supervisors Con:tlra Clerk of the Board and County Administration Building County Administrator 651 Pine Street, Room 106 Costa (510)646-2371 Martinez,California 94553-1293 County Tom Powers,1st District Jeff Smith,2nd District _.s------- Gayle Bishop,3rd District Mark DeSaulnier,4th District Tom Torlakson,5th District ----- ----- March 14, 1995 Senator Nicholas Petris Capitol Building 5080 Sacramento, CA 95814 Dear Senator Petris: RE: CONTRA COSTA COUNTY MORTGAGE CREDIT CERTIFICATE PROGRAM The members of the California Debt Limit Allocation Committee (CDLAC), Governor Pete Wilson, State Treasurer Matt Fong, and State Controller Kathleen Connell have scheduled a meeting for March 22, 1995, to vote on the proposed reduction and possible elimination of all California Mortgage Credit Certificate (MCC) Programs. In 1994 MCC programs in California received 64% ($1 billion), of the statewide allocation. This year in a surprise move, the State has proposed cutting the MCC allocation to 9% ($146 million) of the total $1.6 billion in statewide allocation. The announcement of this proposed reduction and possible elimination of the MCC program was made at the February 23, 1995 CDLAC meeting, without prior notice to many housing agencies. The recommendation for elimination of the MCC program is being made based on an unusually high demand for allocation authority in the 1995 calendar year. The proposed reduction in California MCC programs is an abrupt change from previous CDLAC policy. Previous policy and legislative priority of CDLAC has been to promote housing affordability for lower income families and individuals. The MCC program has been an effective vehicle for providing housing affordability for lower income families in Contra Costa County. The MCC program in Contra Costa County has operated on a multi-jurisdictional (Countywide) basis since 1991. During this period the MCC program in Contra Costa County has provided assistance to over 1,450 first-time homebuyers. In addition, approximately 50% of the individuals and families assisted have had incomes at or below 80% of the area median income. The average income of households assisted in the County's MCC program has been $39,700, well below the average County median income (approximately $55,000). Senator Petris March 14, 1995 Page 2 The MCC program has been instrumental in reaching the housing goals of Contra Costa County. We urge your support in continuing the Mortgage Credit Certificate programs at a statewide allocation level sufficient to assure their viability in our County and throughout the State. If your office could contact the members of CDLAC to make your opinions known, it would be of substantial help. If you require additional insight, please contact Kelly Calhoun in the County's Community Development Department at (510) 646-4208. Sincerely, Chair, Board of Supervisors Contra Costa County GB/KC/jb cc: Don Maddy, Acting Executive Director, CDLAC CDLAC Committee Members Darlene Houk, Government Relations Building Industry Association Gary Hambley, Building Industry Association lulacg&l.hr Phil Batchelor The Board of Supervisors Contra Clerk of the Board and County Administration Building County Administrator 651 Pine Street, Room 106 Costa (510)646-2371 Martinez, California 94553-1293 County Tom Powers,1st District Jeff Smith,2nd District ............. Gayle Bishop,3rd District Mark DeSaulnier,4th District Tom Tortakson,5th District coul March 14, 1995 Senator Daniel Boatwright Capitol Building #3086 Sacramento, CA 95814 Dear Senator Boatwright: RE: CONTRA COSTA COUNTY MORTGAGE CREDIT CERTIFICATE PROGRAM The members of the California Debt Limit Allocation Committee (CDLAC), Governor Pete Wilson, State Treasurer Matt Fong, and State Controller Kathleen Connell have scheduled a meeting for March 22, 1995, to vote on the proposed reduction and possible elimination of all California Mortgage Credit Certificate (MCC) Programs. In 1994 MCC programs in California received 64% ($1 billion), of the statewide allocation. This year in a surprise move, the State has proposed cutting the MCC allocation to 9% ($146 million) of the total $1.6 billion in statewide allocation. The announcement of this proposed reduction and possible elimination of the MCC program was made at the February 23, 1995 CDLAC meeting, without prior notice to many housing agencies. The recommendation for elimination of the MCC program is being made based on an unusually high demand for allocation authority in the 1995 calendar year. The proposed reduction in California MCC programs is an abrupt change from previous CDLAC policy. Previous policy and legislative priority of CDLAC has been to promote housing affordability for lower income families and individuals. The MCC program has been an effective vehicle for providing housing affordability for lower income families in Contra Costa County. The MCC program in Contra Costa County has operated on a multi-jurisdictional (Countywide) basis since 1991. During this period the MCC program in Contra Costa County has provided assistance to over 1,450 first-time homebuyers. In addition, approximately 50% of the individuals and families assisted have had incomes at or below 80% of the area median income. The average income of households assisted in the County's MCC program has been $39,700, well below the average County median income (approximately $55,000). Senator Boatwright March 14, 1995 Page 2 The MCC program has been instrumental in reaching the housing goals of Contra Costa County. We urge your support in continuing the Mortgage Credit Certificate programs at a statewide allocation level sufficient to assure their viability in our County and throughout the State. If your office could contact the members of CDLAC to make your opinions known, it would be of substantial help. If you require additional insight, please contact Kelly Calhoun in the County's Community Development Department at (510) 646-4208. Sincerely, Chair, Board of Supervisors Contra Costa County GB/KC/jb cc: Don Maddy, Acting Executive Director, CDLAC CDLAC Committee Members Darlene Houk, Government Relations Building Industry Association Gary Hambley, Building Industry Association hWkgad.hr The Board of SupervisorsPhil Batche ontra Clerk of the Boardlor and County Administration Building County Administrator 651 Pine Street, Room 106 Costa', (510)646-2371 Martinez,California 94553-1293 County Tom Powers,1st District Jeff Smith,2nd District Gayle Bishop,3rd District Mark DeSaulnier,4th District Tom Torlakson,5th District March 14, 1995 Assemblyman Phillip Isenberg Capitol Building #6005 Sacramento, CA 95814 Dear Assemblyman Isenberg: RE: CONTRA COSTA COUNTY MORTGAGE CREDIT CERTIFICATE PROGRAM The members of the California Debt Limit Allocation Committee (CDLAC), Governor Pete Wilson, State Treasurer Matt Fong, and State Controller Kathleen Connell have scheduled a. meeting for March 22, 1995, to vote on the proposed reduction and possible elimination of all California Mortgage Credit Certificate (MCC) Programs. In 1994 MCC programs in California received 64% ($1 billion), of the statewide allocation. This year in a surprise move, the State has proposed cutting the MCC allocation to 9% ($146 million) of the total $1.6 billion in statewide allocation. The announcement of this proposed reduction and possible elimination of the MCC program was made at the February 23, 1995 CDLAC meeting, without prior notice to many housing agencies. The recommendation for elimination of the MCC program is being made based on an unusually high demand for allocation authority in the 1995 calendar year. The proposed reduction in California MCC programs is an abrupt change from previous CDLAC policy. Previous policy and legislative priority of CDLAC has been to promote housing affordability for lower income families and individuals. The MCC program has been an effective vehicle for providing housing affordability for lower income families in Contra Costa County. The MCC program in Contra Costa County has operated on a multi jurisdictional (Countywide) basis since 1991. During this period the MCC program in Contra Costa County has provided assistance to over 1,450 first-time homebuyers. In addition, approximately 50% of the individuals and families assisted have had incomes at or below 80% of the area median income. The average income of households assisted in the County's MCC program has been $39,700, well below the average County median income (approximately $55,000). Assemblyman Isenberg March 14, 1995 Page 2 The MCC program has been instrumental in reaching the housing goals of Contra Costa County. We urge your support in continuing the Mortgage Credit Certificate programs at a statewide allocation level sufficient to assure their viability in our County and throughout the State. If your office could contact the members of CDLAC to make your opinions known, it would be of substantial help. If you require additional insight, please contact Kelly Calhoun in the County's Community Development Department at (510) 646-4208. Sincerely, Chair, Board of Supervisors Contra Costa County GB/KC/jb cc: Don Maddy, Acting Executive Director, CDLAC CDLAC Committee Members Darlene Houk, Government Relations Building Industry Association Gary Hambley, Building Industry Association Phil The Board of Supervisors Contra Clerk oaheBolard Costa and County Administration Building County Administrator 651 Pine Street, Room 106 (510)646-2371 Martinez, California 94553-1293 County Tom Powers,1 st District Jeff Smith,2nd District aE:5- L• o f Gayle Bishop,3rd District Mark DeSaulnier,4th District Tom Torlakson,5th District x, 9 C'O•, - X Sr'9 POUN'� March 14, 1995 Assemblyman Robert Campbell Capitol Building i{#2163 Sacramento, CA 95814 Dear Assemblyman Campbell: RE: CONTRA COSTA COUNTY MORTGAGE CREDIT CERTIFICATE PROGRAM The members of the California Debt Limit Allocation Committee (CDLAC), Governor Pete Wilson, State Treasurer Matt Fong, and State Controller Kathleen Connell have scheduled a meeting for March 22, 1995, to vote on the proposed reduction and possible elimination of all California Mortgage Credit Certificate (MCC) Programs. In 1994 MCC programs in California received 64% ($1 billion), of the statewide allocation. This year in a surprise move, the State has proposed cutting the MCC allocation to 9% ($146 million) of the total $1.6 billion in statewide allocation. The announcement of this proposed reduction and possible elimination of the MCC program was made at the February 23, 1995 CDLAC meeting, without prior notice to many housing agencies. The recommendation for elimination of the MCC program is being made based on an unusually high demand for allocation authority in the 1995 calendar year. The proposed reduction in California MCC programs is an abrupt change from previous CDLAC policy. Previous policy and legislative priority of CDLAC has been to promote housing affordability for lower income families and individuals. The MCC program has been an effective vehicle for providing housing affordability for lower income families in Contra Costa County. The MCC program in Contra Costa County has operated on a multijurisdictional (Countywide) basis since 1991. During this period the MCC program in Contra Costa County has provided assistance to over 1,450 first-time homebuyers. In addition, approximately 50% of the individuals and families assisted have had incomes at or below 80% of the area median income. The average income of households assisted in the County's MCC program has been $39,700, well below the average County median income (approximately $55,000). Assemblyman Campbell March 14, 1995 Page 2 The MCC program has been instrumental in reaching the housing goals of Contra Costa County. We urge your support in continuing the Mortgage Credit Certificate programs at a statewide allocation level sufficient to assure their viability in our County and throughout the State. If your office could contact the members of CDLAC to make your opinions known, it would be of substantial help. If you require additional insight, please contact Kelly Calhoun in the County's Community Development Department at (510) 646-4208. Sincerely, Chair, Board of Supervisors Contra Costa County GB/KC/jb cc: Don Maddy, Acting Executive Director, CDLAC CDLAC Committee Members Darlene Houk, Government Relations Building Industry Association Gary Hambley, Building Industry Association Phil The Board of Supervisors Contra ClerkoaheBolard and unty County Administration Building Costa Co(5 0)646.2371 for 651 Pine Street, Room 106 Martinez,California 94553-1293 County Tom Powers,1st District Jeff Smith,2nd District aE_ ------- Gayle -----Gayle Bishop,3rd District f = _ Mark DeSaulnier,4th District Tom Torlakson,5th District x, S>a coun`� March 14, 1995 State Controller Kathleen Connell 300 Capitol Mall, 18th Floor Sacramento, CA 95814 Dear Ms. Connell: RE: CONTRA COSTA COUNTY MORTGAGE CREDIT CERTIFICATE PROGRAM The members of the California Debt Limit Allocation Committee (CDLAC), Governor Pete Wilson, State Treasurer Matt Fong, and State Controller Kathleen Connell have scheduled a meeting for March 22, 1995, to vote on the proposed reduction and possible elimination of all California Mortgage Credit Certificate (MCC) Programs. In 1994 MCC programs in California received 64% ($1 billion), of the statewide allocation. This year in a surprise move, the State has proposed cutting the MCC allocation to 9% ,($146 million) of the total $1.6 billion in statewide allocation. The announcement of this proposed reduction and possible elimination of the MCC program was made at the February 23, 1995 CDLAC meeting, without prior notice to many housing agencies. The recommendation for elimination of the MCC program is being made based on an unusually high demand for allocation authority in the 1995 calendar year. The proposed reduction in California MCC programs is an abrupt change from previous CDLAC policy. Previous policy and legislative priority of CDLAC has been to promote housing affordability for lower income families and individuals. The MCC program has been an effective vehicle for providing housing affordability for lower income families in Contra Costa County. The MCC program in Contra Costa County has operated on a multijurisdictional (Countywide) basis since 1991. During this period the MCC program in Contra Costa County has provided assistance to over 1,450 first-time homebuyers. In addition, approximately 50% of the individuals and families assisted have had incomes at or below 80% of the area median income. The average income of households assisted in the County's MCC program has been $39,700, well below the average County median income (approximately $55,000). Kathleen Connell March 14, 1995 Page 2 The MCC program has been instrumental in reaching the housing goals of Contra Costa County. We urge your support in continuing the Mortgage Credit Certificate programs at a statewide allocation level sufficient to assure their viability in our County and throughout the State. If your office could contact the members of CDLAC to make your opinions known, it would be of substantial help. If you require additional insight, please contact Kelly Calhoun in the County's Community Development Department at (510) 646-4208. Sincerely, Chair, Board of Supervisors Contra Costa County GB/KC/jb cc: Don Maddy, Acting Executive Director, CDLAC CDLAC Committee Members Darlene Houk, Government Relations Building Industry Association Gary Hambley, Building Industry Association kW1egdc1 t Phil The Board of Supervisors Contra Clerk oaheBolard and County Administration BuildingCOSta County Administrator 651 Pine Street, Room 106 (510)646-2371 Martinez, California 94553-1293 County Tom Powers,1 st District Jeff Smith,2nd District -5- c o1 Gayle Bishop,3rd District s %" Mark DeSaulnier,4th District Tom Torlakson,5th District _ •vim sr'9 CUVN't'1 March 14, 1995 State Treasurer Matt Fong 915 Capitol Mall #110 Sacramento, CA 95814 Dear Mr. Fong: RE: CONTRA COSTA COUNTY MORTGAGE CREDIT CERTIFICATE PROGRAM The members of the California Debt Limit Allocation Committee (CDLAC), Governor Pete Wilson, State Treasurer Matt Fong, and State Controller Kathleen Connell have scheduled a meeting for March 22, 1995, to vote on the proposed reduction and possible elimination of all California Mortgage Credit Certificate (MCC) Programs. In 1994 MCC programs in California received 64% ($1 billion), of the statewide allocation. This year in a surprise move, the State has proposed cutting the MCC allocation to 9% ($146 million) of the total $1.6 billion in statewide allocation. The announcement of this proposed reduction and possible elimination of the MCC program was made at the February 23, 1995 CDLAC meeting, without prior notice to many housing agencies. The recommendation for elimination of the MCC program is being made based on an unusually high demand for allocation authority in the 1995 calendar year. The proposed reduction in California MCC programs is an abrupt change from previous CDLAC policy. Previous policy and legislative priority of CDLAC has been to promote housing affordability for lower income families and individuals. The MCC program has been an effective vehicle for providing housing affordability for lower income families in Contra Costa County. The MCC program in Contra Costa County has operated on a multijurisdictional (Countywide) basis since 1991. During this period the MCC program in Contra Costa County has provided assistance to over 1,450 first-time homebuyers. In addition, approximately 50% of the individuals and families assisted have had incomes at or below 80% of the area median income. The average income of households assisted in the County's MCC program has been $39,700, Matt Fong March 14, 1995 Page 2 The MCC program has been instrumental in reaching the housing goals of Contra Costa County. We urge your support in continuing the Mortgage Credit Certificate programs at a statewide allocation level sufficient to assure their viability in our County and throughout the State. If your office could contact the members of CDLAC to make your opinions known, it would be of substantial help. If you require additional insight, please contact Kelly Calhoun in the County's Community Development Department at (510) 646-4208. Sincerely, Chair, Board of Supervisors Contra Costa County GB/KC/jb cc: Don Maddy, Acting Executive Director, CDLAC CDLAC Committee Members Darlene Houk, Government Relations Building Industry Association Gary Hambley, Building Industry Association hWkgdd.ftr Phil The Board of Supervisors Contra Clerk ooffthe Board and County Administration BuildingCosta County Administrator 651 Pine Street, Room 106 (510)646-2371 Martinez, California 94553-1293 County Tom Powers,1st District Jeff Smith,2nd District aE•~S""" •,o„ Gayle Bishop,3rd District Mark DeSaulnier,4th District Tom Tortakson,5th District Sr'9 COUNT March 14, 1995 Governor Pete Wilson 1st Floor, State Capitol Sacramento, CA 95814 Dear Governor Wilson: RE: CONTRA COSTA COUNTY MORTGAGE CREDIT CERTIFICATE PROGRAM The members of the California Debt Limit Allocation Committee (CDLAC), Governor Pete Wilson, State Treasurer Matt Fong, and State Controller Kathleen Connell have scheduled a meeting for March 22, 1995, to vote on the proposed reduction and possible elimination of all California Mortgage Credit Certificate (MCC) Programs. In 1994 MCC programs in California received 64% ($1 billion), of the statewide allocation. This year in a surprise move, the State has proposed cutting the MCC allocation to 9% ($146 million) of the total $1.6 billion in statewide allocation. The announcement of this proposed reduction and possible elimination of the MCC program was made at the February 23, 1995 CDLAC meeting, without prior notice to many housing agencies. The recommendation for elimination of the MCC program is being made based on an unusually high demand for allocation authority in the 1995 calendar year. The proposed reduction in California MCC programs is an abrupt change from previous CDLAC policy. Previous policy and legislative priority of CDLAC has been to promote housing affordability for lower income families and individuals. The MCC program has been an effective vehicle for providing housing affordability for lower income families in Contra Costa County. The MCC program in Contra Costa County has operated on a multi jurisdictional (Countywide) basis since 1991. During this period the MCC program in Contra Costa County has provided assistance to over 1,450 first-time homebuyers. In addition, approximately 50% of the individuals and families assisted have had incomes at or below 80% of the area median income. The average income of households assisted in the County's MCC program has been $39,700, well below the average County median income (approximately $55,000). Governor Wilson March 14, 1995 Page 2 The MCC program has been instrumental in reaching the housing goals of Contra Costa County. We urge your support in continuing the Mortgage Credit Certificate programs at a statewide allocation level sufficient to assure their viability in our County and throughout the State. If your office could contact the members of CDLAC to make your opinions known, it would be of substantial help. If you require additional insight, please contact Kelly Calhoun in the County's Community Development Department at (510) 646-4208. Sincerely, Chair, Board of Supervisors Contra Costa County GB/KC/jb cc: Don Maddy, Acting Executive Director, CDLAC CDLAC Committee Members Darlene Houk, Government Relations Building Industry Association Gary Hambley, Building Industry Association taaneCdei.,a