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HomeMy WebLinkAbout2024-01-11; Housing Commission; Resolution 2024-001RESOLUTION NO. 2024-001 A RESOLUTION OF THE HOUSING COMMISSION OF THE CITY OF CARLSBAD, CALIFORNIA, RECOMMENDING THAT THE CITY COUNCIL CONSIDER UPDATES TO THE CITY'S MINOR HOME REPAIR PROGRAM Exhibit 1 WHEREAS, the City Council of the City of Carlsbad, California approved the 2021-2029 Housing Element on April 6, 2021, and the state Department of Housing and Community Development found it substantially compliant with state Housing Element law on July 13, 2021; and WHEREAS, the approved Housing Element provides an assessment of both current and future housing needs and constraints in meeting these needs and provides a strategy that establishes housing goals, policies and programs; and WHEREAS, Housing Element Program 3.S(a) requires that city update the Minor Home Repair Program to expand eligible costs and increase maximum loan amounts; and WHEREAS, the Minor Home Repair Program was approved by the City Council in 2008, and offers forgivable loans not to exceed $5,000 to income-eligible households for eligible repairs; and WHEREAS, the Housing Commission on Jan. 11, 2024, held a noticed public meeting to consider updates to the Minor Home Repair Program; and NOW, THEREFORE, BE IT RESOLVED by the Housing Commission of the City of Carlsbad, California, as follows: 1. That the above recitations are true and correct. 2. The Housing Commission recommends that the City Council consider the program updates to the Minor Home Repair Program provided in Attachment A. PASSED, APPROVED AND ADOPTED at a Regular Meeting of the Housing Commission of the City of Carlsbad on the 11th day of January, 2024, by the following vote, to wit: AYES: NAYS: ABSTAIN: ABSENT: Chang, Horton, Ydigoras. Collins. None. Berger. T~LINS, Chair ~ fr'¥ MANDY MILLS, Director Attachment A Summary of Recommendations to Amend the City's Minor Home Repair Program Increase loan amount for single-family residences to $25,000 o Change loan term from forgivable to due upon sale, transfer, or default o Apply a 3% simple interest rate ■ Interest is due and payable upon sale, transfer, or default Increase loan amount for mobile home residences in which land is also owned to $10,000 o Change loan term from forgivable to due and payable upon sale, transfer, or default o Zero percent interest Expand eligible costs to include energy efficiencies Prioritize seniors, disabled and veterans.