HomeMy WebLinkAboutPCDC Resolution 97-05 06/02/1997 RESOLUTION 97-05
PETALUMA COMMZJIVITY DEVELOPMENT COMMISSION
APPROVAL OF FX 1997-98
AFFORDABLE HOiJSING PROGRAM
WHEREAS, the Petaluma Community Development Commission (PCDC) has developed housing
goals 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;
W>FIEREAS,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 1997-98 Housing Program.
Adopted this 2nd day of June, 1997 by the following vote:
Commissioner A~~e No Absent
Read X
Keller X
Stompe X
Torliatt X
Maguire X
Vice Chairman Hamilton X
Chairman Hilligoss X
M. Patricia Hilligoss, Chairman I/
A EST:
Patricia E. Bernard, Recording Secretary
~ l •
~ ..1997-199'
~IOiJ~I`NG P,120G1tAl~` BURET
Part 1.
beginning Funds Available reallocation for continuing projects) $2,444,623
Beginning Reserves for- Proj'ecfs 7,220
FY 1997-98 Revenues:
H'ousing.In-lieu Contributions $200;000
PCDC 20% Tax Increment Set-aside 907,44Q
Interest 75,000
Rent Control fees 3;200
Other Revenue 10,000
Total 97=98 Revenues 1,195,640
FUNDS AVAII.~BLE FOR FY 1997=98 ALLOCATIONS 3,647;83'
Part 2. FY 1997-98 allocations: New projects. are in italics. '
Nonprofit Projects: _
1. Burbank /Pedestrian Pocket 71,000
2. Burbank'1 st Time Homebzn-er Program ~ 20, 000
3. COTS%Family Shelter 188,500
4. COTS/Cold Weather Singles :Shelter 61,500
5. "COTS/Opportunity .Center 131,750
6. Eden Hozising~Central Specific Plan Project 20, 0'00
7. PEP/Vallejo Street Sr. Apts.,Phase 2 399,000
8. PEP/Landbank Project 300, 000
9 PPSC/Mediaton and Rental Assistance. Programs 90,00.0
1O.NorthBay-Rehab/Salishan Apts. 142,400
11.Salvatiorz Army.,%support services 20, 000
$1,x,150
PCDC/City Projects
12. Housing Rehab("Christmas in April" ;and Clearinghouse) 25,000
13. City/LTneinforced Masonry 200,000
14. Armory Facility Setaside 700,000
i5. Central Petaluma Specific Plan 370,900 •
1,295,90Q
" Other Uses: "
1.5':Nlaintenance of:F_acilities 43.,000
1'7. LMI Loans. 29,400
18. Fund Administration 125,550
2i. Site Acquisition and;Reserves 510,000
. 22. Mortgage Credit Certificate Administration 2,500
'23. Mobile. Home Rent Control Administration 4,000
$714;450
TOTAL FUNDS ALLOCATED FOI2 FY 1997-98 PROJECTS $3,454,500
Ending funds available 192,983
96-9Zbud /wordw~3 '
