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HomeMy WebLinkAboutR-2010-099 Single Family Rehabilitation and Senior/Disabled Home Repair Program - Policy UpdatesA RESOLUTION RESOLUTION NO. R 2010-99 authorizing the City Manager to execute program policy updates to the Single Family Rehabilitation Loan program and the Senior/Disabled Home repair programs WHEREAS, the City of Yakima uses CDBG funding for Single -Family Rehabilitation programs; and WHEREAS, The single Family Rehabilitation program and Senior/Disabled repair programs need updating to meet current demands within the community; and WHEREAS, the Single Family Rehabilitation loan program assists qualified applicants for up to a maximum amount of $15,000 to address emergency repairs to owner occupied single family dwellings to address such emergency repairs as, no heat, no water, no sewer, no power, leaking roofs to also include addressing lead based paint issues as per HUD regulations; and WHEREAS, The Senior/Disabled home repair program would benefit applicants with an increase in the lifetime benefit amount of $15,000, and a subdivision of programs to include a Senior/Disabled Energy Conservation program and a Senior/Disabled roof repair/replacement program would further benefit applicants; and WHEREAS, the Senior/Disabled repair programs would continue to be a grant, while the Single Family Rehabilitation Loan program will be secured by a lien against the property with an interest rate of 0% to 3% determined by the income affordability of the qualified applicant on a term of no longer than 15 years based on the loan amount; and WHEREAS, this action will allow for the continued affordability of housing for the low to moderate income homeowner applicants applying for assistance through the City of Yakima housing rehabilitation programs, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The program policy updates to the Single Family Rehabilitation Loan Program and the Senior/Disabled Home repair programs are hereby authorized and approved. The City Manager is hereby authorized and directed to execute program policy updates to the Single Family Rehabilitation Loan program and the Senior/Disabled Home repair programs. ADOPTED BY THE CITY COUNCIL this 3rd day of August, 2010 Micah Cawley, Mp'ayor ATTEST: BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. For Meeting of August 3, 2010 ITEM TITLE: A resolution adopting policy updates to the Single Family Rehabilitation and the Senior/Disabled Home repair program. SUBMITTED BY: Michael Morales, CED Director (575-3533) CONTACT PERSON: Archie M. Matthews, ONDS Manager (575-6101) SUMMARY EXPLANATION: The City of Yakima receives federal CDBG funds and assists qualified low to moderate income homeowners within the City of Yakima through the existing Single Family Rehabilitation programs for over 35 years. These programs were last updated over 12 years ago and ONDS proposes the following updates to those existing programs. The Single Family Rehabilitation Loan program would become a loan to qualified applicants for up to a maximum amount of $15,000 to address emergency repairs to owner occupied single family dwellings to address such emergency repairs as, no heat, no water, no sewer, no power, leaking roofs to also include addressing lead based paint issues as per HUD regulations. The Senior/Disabled home repair program would increase the lifetime benefit amount from a current $5,000 to expand to a $15,000 maximum lifetime benefit amount. This would also include a subdivision of programs to include a Senior/Disabled Energy Conservation Program to help with Heating/cooling, weatherization and insulation, to also include a Senior/Disabled roof repair program. The Senior/Disabled home repair programs would continue to be a grant, while the Single Family Rehabilitation loan program will be secured by a lien against the property with an interest rate of 0% to 3% determined by the income affordability of the qualified applicant on a term of no longer than 15 years based on the loan amount. Resolution X Ordinance Other (Specify) Agreement Mail to (name and address): Funding Source CDBG Funds APPROVED FOR SUBMITTAL: '`—� � V, City Manager STAFF RECOMMENDATION: Approve Agreement BOARD/COMMISSION/COMMITTEE RECOMMENDATION: the Neighborhood Development committee recommended on July 7, 2010 that this proposal be forwarded to the full Council for approval. COUNCIL ACTION: