DEPARTMENT: Neighborhood and Housing Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Briefing on the City's Affordable Housing Business Plan progress for the months of October and November.
SUMMARY:
Briefing on the monthly progress regarding the implementation of the City's Affordable Housing Business Plan.
BACKGROUND INFORMATION:
The FY 2019 Adopted Budget includes $25 million for Affordable Housing initiatives including $17 million in new funding. The $25 million budget includes $11.7 million for housing preservation and repair, $3.2 million for homebuyer assistance, $1.4 million to develop a coordinated housing system, $7.7 million for gap financing, and a $1 million risk mitigation fund. In November, the City received a $1 million private sector donation for additional funding for our Under 1 Roof program.
ISSUE:
The table below provides a summary of the work scheduled and completed in the months of October and November for four program areas.
Activity
Oct/Nov Target
Oct/Nov Actual
Variance
Under 1 Roof (Completed) 1
40
33
-7
Owner Occupied Rehabilitation (Qualification of clients) 2
57
47
-10
Homebuyer Assistance (Number of actual home closings) 3
19
13
-6
Risk Mitigation Fund Public Input Meetings|101010 10|Notes:
1 Contractors were unable to replace roofs 13 out of 43 work days due to excessive rain in October and November. A large volume of client contracts that needed approval in November required additional staff to meet the demand. That staff was provided in mid-November and they will continue into FY 2019 as necessary. There are a total of 15 roofs scheduled to be completed before December 14 and an additional 18 applicants are in the final stage of qualification for December roof installations. These actions will eliminate the variance and satisfy the target goal through December.
2 The Neighborhood and Housing Services Department (NHSD) worked to qualify 100 applicants for the...
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