HomeMy WebLinkAboutPCDC Resolution 96-10 06/03/1996PCDC RESOLUTION NO. 96-10
PETALUMA COMMUNITI' DEVELOPMENT COMMISSION
APPROVAL OF 1996-97
AFFORDABLE IIOUSING 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
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; and
WHEREAS, the approved schedule of projects and programs are consistent with
the PCDC 1995-1999 Implementation Plan (as required by AB 1290):
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 1996-97 Housing Program.
pcdc96re/wordwin3
Reso. 96-10 Page 1 of 3
Adopted this 3rd day of June, 1996 by the following vote:
Commissioner A~~e No Absent
Hamilton X
Maguire X
Read X
Shea X
Stompe X
Vice Chairman Barlas X
Chairman Hilligoss X
Vice Chairman Barlas
ATTEST:
Patricia E. Bernard, Recording Secretary
Reso. 96-10 Page 2 of 3
EXHI~I'T A
1`996-1997
H®IJSIN~G PR®GiZAIVI ~iJDGET
Beginning Funds (Est.): $1,948,000
FY 1996-97 Revenues:
Housing In-lieu Contributions $400,000
PCDC 20% Tax Increment Set-aside 813,200
Interest 30,000
Misc. Revenue Loan repayments 23,500
Rent Control .fees 4,000
Tota196-97 Revenues 1,270,700
FU1~1DS AVAILABLE FOR FY 1996-97 ALLOCATIONS 3,218,700
FY 1996-97 ALLOCATIONS
Nonprofit Projects:
1. Burbank/Pedestrian Pocket 81,000
2. COTS/Family Shelter 160,000
3. COTS/Singles Shelter 50,000
4. COTS/Opportunity Center(bldg + open) 122,230
5: PEP/Vallejo;Street Sr: Apts.,Phase 2 532,900
6., PPS.C/Mediation Assist 60,000
7. PPSC/Rent~~flssist _ 2,500
8. North Bay :Rehab/Salishan Apts. 61,650
$1,070,280
For-profit Projects
9. Hotel Petaluma 600,000
$600,000
PCDC/City Projects
10. "Christmas in July" housing rehab 35,000
11. City/LTnreinforced Masonry 160,000
12. Armory Facility Setaside 250,000
13: Infill/Mixed. Use Setaside 500,000
$945,000
Other Jses:
14. Maintenance of Facilities 45,000
15. LMI Loans 29,400
16. Fund Administration 125,550
17. Site Acquisition and Reserves 320,000
18. Mortgage Credit Certificate Administration 2,500
19. Mobile Home Rent Control Administration 4,000
$526,450
TOTAL FUNDS ALLOCATED FOR FY 1996-97 PROJECTS $3,091,730
Ending funds .available 76,970
96-97bud /wordwin3
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