RECOMMENDATION(S):
APPROVE and AUTHORIZE the Conservation and Development Interim Director, or designee, to execute an agreement with the City of Walnut Creek to transfer to County an amount not to exceed $159,858 for purposes of the City's Housing Rehabilitation Loan and Grant Program, for the period January 1, 2015 through June 30, 2015.
FISCAL IMPACT:
No fiscal impact to the General Fund. All funds are City of Walnut Creek funds.
BACKGROUND:
The Department of Conservation and Development administers a housing rehabilitation loan program through its Neighborhood Preservation Program (NPP). NPP offers low interest loans and grants to low-income households who own and occupy their home. The loan recipients qualify for loan assistance under County guidelines and U.S. Department of Housing and Urban Development (HUD) regulations.
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