HomeMy WebLinkAboutMINUTES - 05222001 - C.125 T(1: BOARD OF SUPERVISORS Contra
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FROM: Dennis M. Barry, AICP '' Count
Community Development Director _._-.. J y
r' c'il:yS
DATE: May 22, 2001
SUBJECT: Deposit of California Autism Foundation Loan Repayments into the CDBG Housing
Development Assistance Fund.
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE the allocation of$6,104 in annual loan repayments from California Autism Foundation to the
Community Development Block Grant Housing Development Assistance Fund (CDBG/HDAF).
FISCAL IMPACT
No General Fund impact. CDBG funds are provided to the County annually on a formula allocation basis
through the U.S. Department of Housing and Urban Development (HUD).
BACKGROUND/REASONS FOR RECOMMENDATIONS
On April 25, 2000, the Board of Supervisors allocated $125,000 in Community Development Block Grant
(CDBG) funds to California Autism Foundation for A Better Chance IX in El Sobrante. These funds were
provided to CAF as a 3 percent interest, amortizing 30-year loan. The loan will be repaid in quarterly payments
of$1,526 ($6,104 annually) for 30 years. These loan repayments are defined as CDBG ro am income under
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
ECOMMENDATION OF COUNTY ADMINISTRATORMMEN TION OF BOARb
COMMITTEE
--'APPROVE OTHER
SIGNATURE(S): ,
ACTION
OF BOARD ON May 22, 2001 APPROVED AS RECOMMENDEDXX OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
XX 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: Kara Douglas, 335-1253 ATTESTED May 22, 2001
Orig: Community Development JOHN SWEETEN, CLERK
cc: County Administrator OF THE BOARD OF SUPERVISORS
County Counsel AND COUNTY ADMINISTRATOR
Auditor-Controller `
B , DEPUTY
�I
federal regulations. Program income is required to be used in a manner consistent with CDBG program
regulations. Therefore, staff recommends payments made on this loan be deposited into the CDBG/HDAF.
The purpose of the CDBG/HDAF is to provide resources to assist affordable housing projects that develop
during the current program year. The current balance of the FY2000/01 CDBG/HDAF is $330,231. These funds
have been used to assist a variety of projects, including affordable rental housing for extremely low and very-
low income households, seniors and special needs populations; and transitional housing for homeless families.
Based on current letters of intent and discussions with affordable housing developers, the Community
Development Department has identified potential requests for FY 2000/01 CDBG/HADF funds of
approximately $1.5 million.
KD W:\kdouglas\New\Board Orders\2001\CAF_CDBG HDAF.doc