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CC Resolution No. 7307 " , RESOWl'Iaf ro. 7307 A RESOWl'Iaf OF 'mE CI'lY CXXJNCIL OF THE CI'lY OF aJPERl'nÐ APPR:JVING A !lXJSIOO ASSISmlCE PIAN RIa THE PERIOD OF 0Cl0:aœ 1, 1987 'lO SEPlÐœER 30, 1988 WHEREAS, tÌ1e City of 0Jpertin0 participates in several ha1sin;r 1JoLU:II.aIDS. WHEREAS, the City of 0Jpertin0 supports c:reatin; new haJain;r ~'bJnities far law and mcd8ratei:noaDø :1nåiviAl..'A. WHEREAS, the City of 0Jpertin0 is requ1re:i to adept a Hcusin;r Assistance Plan to qualify far o--o"'\ity Devel~,~ Bleck Grant fIIn:1s. NOW, 'IhI:;&<u\Jt<lS BE rr RESOLVED, that the City oouncil of the City of 0Jpertin0 høreDy adepts the attach8d Hcusin;r Assistance Plan far the period of oc:t.c:bu' 1, 1987 to SepteIIbIr 30, 1988 and autl1crizes sul:JDittal of said plan to the 0::Amty of San'f:a Clara. PIS"""" AND ADOPl'ED this 8th day of September , 1987, at a regular 1IIEIIiIt:in;r of tha City oouncil of the City of 0Jpertin0 D:i the followirq rcU call vote: ~ n'rINr'TT, ~ AYæ: NOES: AærAIN: ABSENl': Johnson, P1ungy, Rogers, Sparks None None Gatto APPRJVED: Isl W. Reed Sparks MAYeR _ CI'lY OF aJPERl".nÐ NI!I:ESr: /s/ Dorothv CornP-lil1A CI'lY CIERI( CI'lY OF aJPERl".nÐ RESHAP(saaA) -- - -- - ~ 1'""\ , torn¡ U,S DEPARTMENT OF HOUSINGÄÑ[ IAN DEVElOPMENT OMU No. '2S1 COMMUNITY DE VELOPMENT BLOL ,.RANT PkOGRAM 1. NAME OF COMMUNITY ENTITLEMENT PROGRAM HOUSING ASSISTANCE PLAN 2. GRANT NUM~ 81-1 I I-I I l-lIEJIIT 3. 'ERIOO Of AP'LICABILlTY 4, . $. INCAEMEN1"AL YEAR OF ti, HUD APPROVAL ' SUBMISSION FROM: 10/1/87TO: 9/30/88 o Original ORevi.ion OAmendment 01 [h . 1113 - ¡Sion.,ure of AUlhofiud Ollic;~1} IO~~'}- )'INCORPORATlON OF HAP, PARTS I - III, BY REFERENCE, Parts..!J.! and III of the HAP approved Ire incorporlted by reference and are not contained in thi. Isecond){Jhir~ear submi..ion, (Lalest am;;;;¡;;;;;;¡ dale of ,he HÃP. p.~i;¡ -:: ,ï¡if a~-;.~__n__-=~:_u -~- ; -- PART IV· ANNUAL .IOUSING ASSISTANCE GOALS '. PROGRAM OR PROJECT .- UNITS TO BE ASSISTED LOWER INCOME HOUSEHOLDS TO BE ASS,STW Lill HUD á;j¡,ed RënrM Housing PI."'" tÚ.,. '::. other R,m,., HUD NUMBER OF HOUSING -- r- SMALL _n....__ LARGE I'IDØlMnI Mtd OwtH:r p{0l'.~~.~~'.r~ . _'!!j!JL --I:!!~ ELDERLY FAMILY fAMILY TOT A~ 1--. A . "li- e 0 . F '. - - , G Ii -;-J . 'Section 8 Rental Sub~idy X 7(3) existin 1 4 2 7 Mortgage Revenue Bonds - Rental 0 ----- ----- ----- ----- 0 Mortgage Revenue Bonds - Ownership 0 .'~--- ----- ----- ----- 0 Housing Rehabilitation for Owner Occupied X 7(8**' ) Rehab 3 3 1 7 Cupertino Affordable Housing Program X" 0(2l*' )----- ----- ----- ----- 0 ~ - *Funding Source 86/87: CDBG - $101,630 CIty - $4,15,802 \, **projects 86/87 : Adults Toward Independent Living ($75,000) -,Remodel/Rehab of residence housing 7 disabled adults. Community Housing Developers ($315,000) - Acquisition of tow fourplexes to benefit 16 low income senic rs· ~ SPARK ($125,000) \ -Acquisition of residence to provide group home for 6 . I disabled young adults. r *** Estimate only. Four contracts signed (asof 7/31/87. ! --.1- '-' , - Narrative for &,."..,.,,,1 "J\a1: Mortaaae Rsvenua Bends ~.., am Ownershi:o units} - 'Ihe City has entered into ()()O(JC'atiw ~--ats with Santa Clara CXIUI1ty for the iswance of Rental am ownership Mort:gag8 Reverua Bends, hcw8ver, due to lack of interest, the CXIUI1ty dces net anticipate an¡ borñ ia.al1Aa for 1987/88. HcmIim Rehabilitation for owner ooo""ied - 'Ihe City intends to contirnJe its HcmIinJ Rehabilitaticn pr~..... for owner occupied ho.1sinJ. 'Ihe ~'"":I"'''''' is exclusively for lower incaDa people. Hcuseholc1 inccme is verified and DUSt be below 80t of _b". 'Ihe ~~..... is designed to brinq ~ units up to'·'at least IIIin:IJII.DI standards for HtJD sec:ticn 8. Sacticn 8 1I'vi~i1"<7 _.., S..-t.dv - 'D1e City of Q p8rt1no participates in the secticn 8 existinÇJ ~~ad\ in OJ~Iaticn with the Santa Clara CXIUI1ty Ht::usinq Authority. 'Ihe City wlcaœs as 1IIal¥ units as certificate holl"l.." am ownørs can satisfactorily prtNide. 'I!1a di.sprcport:ia1tely higher rents in 0Jpertin0 cx:ntiraJa to be a prcblem in attractinJ the rn""¡.,,.... of units the City holds as a goal. ~ n......1+i"""' Mt,.,..,..¡..k'.. HcmIim ilL.............. - 'I!1a City's HousinJ El~ .includes a policy '<Ihic:h spec"iries that City turxùI will be used to help supply aff<X'åable rental ho.1sinJ to low and very low inccme hcuseho1ds, partic:ular1y senior citizens and l"Ii....k'ed !n:iivit'l....,... 'I!1a Element: establishes a gcal to prtNide 60 units r:Ner a five-year period. With revenues of $517,432 ~ 10/1/86 and 9/30/87, the City prtIVidad loans am grants to varicus ra......ufit 9l'CUP8 to prtIVida 21 affordable "units" benefitin¡ 29 !n:iivit'l....,... Additia1al revenues totalinJ $100,000 to $300,000 are anticipateci betw8IIn 10/1/87 to 9l30/88. 'Ihe City dces not plan to å)ligate ~ new rums until after september 1988. hapannIJal eNl) .. ~ -' 51-3