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HomeMy WebLinkAboutAgenda Statement 1987/06/02 Item 11 COUNCIL AGENDA STATEMENT Item 11 Meeting Date 6/2/87 ITEM TITLE: Report: Application for Rental Rehabilitation Program funds for FY 1987-88 Resolution 13 b 3'4 Approving Rental Rehabilitation Program description and related documents, and authorizing submittal to HUD SUBMITTED BY: Community Development Director REVIEWED BY: City Manager (4/5ths Vote: Yes No X ) The City is participating in the HUD Rental Rehabilitation Program for FY 1986-87, having been allocated $60,000. Our allocation for FY 1987-88 is $78,000. To receive these funds we must submit an application to HUD. RECOMMENDATION: That Council approve the resolution approving the Rental Rehabilitation Program and documents for FY 1987-88, and authorizing submittal to HUD. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: The Rental Rehabilitation Program of the 1983 Housing and Urban-Rural Recovery Act is designed to increase the supply of standard housing rental units affordable to lower-income families. The program uses a dual approach: it provides grants to localities for rehabilitation assistance to private property owners of substandard multi-family units occupied by lower-income families; and it provides rental subsidies through the local housing authority to the low-income tenants of those rehabilitated units to assure housing affordability. The provision of the rental subsidies to the units' tenants avoids those frequent circumstances where debt service incurred by property owners is passed on to the tenants in higher rents to the degree that the tenant' s rents are no longer affordable. The Rental Rehabilitation Program's creation reflects the recent federal emphasis on improving and preserving the nation' s existing housing stock rather than underwriting new housing construction. The program also responds to the Federal trend towards local determination. After establishing basic benefit and management requirements, the enabling Act allows broad opportunities for local program design and flexibility. Page 2, Item 11 Meeting Date 6/2/87 Our allocation this year is $78,000. Last year we received $60,000. The amount of funds allocated to each jurisdiction is based on a formula which considers the following local factors: the number of low-income renter households, the number of rental units built prior to 1940, and the number of rental units with overcrowding, high rent costs, or incomplete kitchen facilities or incomplete plumbing. The attached program description which has previously been approved by Council , has been updated to incorporate information on our recent housing rehabilitation activities and qualifications (Sections I, XVI). FISCAL IMPACT: No general fund monies would be involved in the recommended action. Program expenses would be provided by the HUD grant. WPC 2943H / ,Ae.e.t .it ./The City Council of Chula Vista, California Dated 44Z.?