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CHC 02-29-96 MINUTES OF THE REGULAR MEETING OF THE AFFORDABLE HOUSING COMMITTEE FEBRUARY 29, 1996 CALL TO ORDER Kathy Robinson called the meeting to order at 3:30 p.m. Members Present: Kathy Robinson, Steve Smith, Sylvia Machamer, Dick Schuster Members Absent: None Staff Present: Vera Gil, Yvorme Kelley Others Present: Mary Ellen Chell, Andrew Estigoy Approval of Minutes: Vera Gil stated there were a few corrections to the meeting of February 8; the year should be 1996 instead of 1995; Instead of Nancy Souders, Bob Cowan for staff present. Steve Smith made motion to approve both sets of minutes, Dick seconded. Vote: 3-0 Written Communications: · John Hailey, Tandem Computers asking for consideration to be given regarding housing bank and proposed housing project on future sale of Tandem property. This item will be agendized for the March 14 meeting. · Gertrude Welch, Letter of Support for Cupertino Community Services Oral Communications: None New Business: 1. Request from CCS for funding of $320,000 for Transistional Housing: Vcra presented staff report regarding CCS's desire to purchase a 4-plex on Greenwood Drive. Mary Ellen Cheil provided committee members with a 2 page proposal outlining the proposed use of the 4-plex. Two units will be used for rotating shelter program and 1 unit t'or women or women with children and the remaining unit will be a catch all serving anyone with low or very low income. Vera Gil stated that in CCS's proposal there were some terms that staff is uncomfortable with, but will wait until financing has been secured before making a recommendation on terms of the loan. Mary Ellen would like to defer $100,000; and the interest calculated on $220,000 with payments beginning on the 1 lth year. Vera went on to say that there may be some relocation costs associated with this proposal. These costs could be costly depending upon the individuals income and whether or not they meet the income guidelines. Kathy Robinson stated that HUD guidelines require an agency pay tbr moving costs, and 42 months of rent differential from current housing to wherever they are going. This includes finding comparable housing, which is sometimes better than the housing they currently have il' they are currently underhoused. Steve Smith made a motion to approve the loan to CCS in the amount of $320~000 with a contingency that relocation costs cannot exceed $30,000. Sylvia Machamer seconded. VOTE: 4-0 Adjournment: 5:05 SUBMITTED BY: APPROVED BY: Yvonne Kelley, Admin. Secretary ATTEST: Kathy Robinson, Chairperson Pro-Tem Kimbefly Smith, City Clerk c/windows/housing/afla22996