HomeMy WebLinkAboutSummary FormDate: 3/12/2007
AGENDA ITEM SUMMARY FORM
FILE ID: 0 1, CAL 3 '6 1
Requesting Department: Community Development
Commission Meeting Date: 03/22/2007 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: DISTRICT 3 DOWNPAYMENT ASSISTANCE PILOT PROGRAM.
Purpose of Item:
AUTHORIZING THE CREATION OF THE DISTRICT 3 DOWNPAYMENT ASSISTANCE PILOT
PROGRAM; FURTHER AUTHORIZING THE TRANSFER OF FUNDS, IN THE AMOUNT OF
$1,000,000, FROM THE LITTLE HAVANA HOMEOWNERSHIP ADVISORY BOARD; ALLOCATING
SAID FUNDS, TO THE DISTRICT 3 DOWNPAYMENT ASSISTANCE PROGRAM
Background Information:
Currently the Downpayment Assistance Program is closed
There is a need to assist those individuals who submitted applications to the program but as of yet
have not been helped due to limited funding
The Administration is recommending the transfer of funds, in the amount of $1,000,000, from the
Little Havana Homeownership Advisory Board to create and fund the District 3 Downpayment
Assistance Pilot Program
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
C!P Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Final Approvals
(SIGN AND DATE)
CIP Budget
Risk Management
Grtfrifing or rcceiyii g capital funds
Purchas►g , Dept. Director.
Chief City Manager
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