Report to Mayor and City Council
Tuesday, February 07, 2023
Consent
SUBJECT:
Title
CONSIDER ADOPTION OF PROGRAM GUIDELINES AND APPROVAL OF STANDARD TEMPLATE LOAN ACCEPTANCE AND CONTRACTOR AGREEMENT FOR THE CITY'S PERMANENT LOCAL HOUSING ALLOCATION (PLHA) FUNDED SINGLE-FAMILY HOUSING REHABILITATION PROGRAM (CITY COUNCIL)
Body
I. SUMMARY
The City and the State of Department Housing and Community Development (HCD) entered into a Grant Agreement in the amount of $1,059,349 to use of Permanent Local Housing Allocation (PLHA) funds for housing purposes for income-qualified residents. Previously, the City Council adopted the five-year PLHA plan allocating an even funding allocation to each of the following program:
* Rehabilitation, and preservation of affordable ownership housing (33.33% Allocation or $353,116);
* First time home buyer program (33.33% Allocation or $353,116); and
* Assisting persons who are experiencing or at risk of homelessness (33.33% Allocation or $353,116).
This item is to consider the adoption of the program guidelines for the PLHA-funded Single-Family Housing Rehabilitation Program (Exhibit No. 1). This program provides financial assistance to eligible owner-occupied and Carson resident single family homeowners for an amount up to $50,000 through the form a deferred 0% interest loan program (with no monthly payments). Repayment is not required unless the applicant sells or transfers title or discontinues occupying the home. Staff is also seeking Council approval of the standard template Loan Acceptance and Contractor Agreement and related forms (Exhibit No. 2) and authorization for the City's Loan Committee (Community Development Director and staff) to approve loans for eligible applicants.
Additionally, applicants must also meet income requirements of not exceeding 80% of Area Median Income (AMI) (Exhibit No. 3). Eligible activities for funding include health and safety repairs to provide homeowners with a healthy, safe, sanitary, and c...
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