HomeMy WebLinkAboutMINUTES - 06171997 - C108 Contra
: Costa
TO: BOARD OF SUPERVISORS `P County
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FROM: Harvey E. Bragdon
Director of Community Development
DATE: June 17, 1997
SUBJECT: Reallocation of FY 1994 HOME Funds from the Pittsburg Neighborhood
Homeownership Program to the FY 1997/98 HOME Housing Development
Assistance Fund
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE the reallocation of $160, 000 in FY 1994 HOME Investment
Partnership Act (HOME) funds originally allocated to -Pacific Community
Services, Inc. for a homeownership project to the FY 1997/98 HOME
Housing Development Assistance Fund.
FISCAL IMPACT
No General Funds are involved.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On September 13, 1994 , the County Board of Supervisors approved he
allocation of $160,000 in HOME funds to Pacific Comm nity Ser i es,
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDA OF BO D COMMITT
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON JUN � 9®TOa APPROVED AS RECOMMENDED OTHER '
�
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
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.
Contact: Kathleen K. Hamm 171997
335-1257 ATTESTED
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller (N. Garnett) AND COUNTY ADMINISTRATOR
Community Development
PCSI via Comm. Developmt. BY , DEPUTY
A9
Inc. (PCSI ) for a project to provide first-time homebuyer
assistance to low-income households in Pittsburg. Due to local
market conditions and organizational issues, PCSI has determined
that it is not feasible to proceed with the proposed homebuyer
project at this time. As a result, on March 26, 1997 , PCSI
requested that the County terminate this project and rescind the
$160,000 originally approved for this purpose.
It is therefore recommended that the $160,000 in FY 1994 HOME funds
previously approved by the Board for the Pittsburg homeownership
project be rescinded and reallocated to the FY 1997/98 HOME Housing
Development Assistance Fund (HDAF) for use in funding additional
affordable housing projects in the future.
kkh/k15b/PCSI1