HomeMy WebLinkAboutPCDC Resolution 98-02 05/04/1998 PCDC RESOLUTION NO. 98-2
PETALUMA COMMUNITY' DEVELOPMENT COMMISSION
APPROVAL OF FY 1998-99
AFFORDABLE HOUSING PROGRAM
WHEREAS, the Petaluma Community Development Commission (PCDC) has developed
housing golas to address the broad range of needs within our community; and
WHEREAS, funding to address certain of these goals is available from the Housing Fund; and
WHEREAS, Requests for Proposals are distributed annually to utilize the Housing Fund to
implement affordable housing projects and programs which address PCDC and City Council goals;
and
WHEREAS, a schedule of housing activities has been presented, reviewed, and approved;
NOW, THEREFORE, BE IT RESOLVED by the Petaluma Community Development Commission
that those projects and allocations, as listed in Exhibit A to this Resolution, be adopted as the PCDC
1998-99 Housing Program.
Adopted this 4th day of May, 1998 by the following vote:
Commissioner A,~e No Absent
Keller X
Torliatt X
Hamilton X
Read X
Stompe X
Chairman Hilligoss X
Vice Chairman Maguire X ~
,
~fiairman M. Patricia Hilligoss
ATTES
Fraulette Lyon, Deputy Recording Secretary
EX~-II~I'T E1
1~99~-1999 ~
' ~ H®USING PI~OGI~IVI ~JDGE1'
Part 1.
lgeginaeing Funds Available (For on-going programs): $1,468,576
1997-98' lt'eserves 222,945
F~' 1998-99 lteveneaes: .
Housing In-lieu. Contributions ~ $350,000
PCDC.20% Tax Increment Set-aside ~ 982,040
Interest 100,000
Rent Control. Fees 3,900
Other Revenue - 11,200
Total 1,447,140
FundsAvailable.For Fy,1998-99 Allocations $3,138,661
IPart 2. '
Projects/proga~ams administered.by nonprolat agenciies:
1. Burbank /Old Elm Village Family~Rental Apts. 548,750
2. COTS/Famly Shelter ~ 260,600
3. COTS/Cold Weather Singles Shelter 59,100
4. COTS/Opportunity Center 162,400
5. PEPBdith Street Senior Apts. 300,000
6. PPSC/1Vlediation and Rental Assistance Programs 91;250
7. Salvation Army/Transitional Housing 12,000
$1,434,100
Projects/programs administered by PCDC:
8. Housing Rehab Services (Inc. Christmas `in April) 25,000
9. Unreinforced Masonry/Seismic Retrofitting Fund 200,000
10. Site Acquisition/Homeless Services 750,000
11. Community Support/Neighborhood Revitalization Program 75;000
12. Central.Petaluma Specific Plan%Consulfing Services 153;600
13. Disaster Recovery Assistance Program 100,000
1,303,6®0
1V:on-project.specific expenditeares:
14; Maintenance.of Facilities (Inc. undergound tank monitoring) 45,000
15. LMI Loans' 29;400
16. Housing Projects Management 150,000
17. 1Vlortgage Cedit Certificate Administration 2,500
18, Mobile Home Rent Control.Administration ~ 4,000
$230,900
TOTAL FUNDS ALiJ®CA~'ED F®lt 1998-99 PROTECTS $2,968,600
FiTNI) BAI.AI~TCE $170,061
Reserve for Mobile Home Rent Control $8,565 '
AVAII,A~><.E FUND BALANCE $161,496
96-976ud /wordwin3