Affordable Housing Loan Committee
Establishing Resolution No. 2007-261
Purpose:
In order to protect the health, safety and welfare for the community and ensure that adequate housing for very low and low income households is provided in the City of Elk Grove, the City provides loans to developers of affordable housing projects to assist in construction financing. The City of Elk Grove desires to modify the Affordable Housing Loan Program to include the participation of members of the affordable housing development community. The City Council desires to create the Affordable Housing Loan Committee, which Committee shall assist in the selection of projects to receive loans from the Affordable Housing Fund and Very Low Income Housing Trust Fund fee programs.
Meetings:
To be determined December 2008.
Members:
- Finance Director
- Individual and alternate recommended by a local non-profit affordable housing advocacy group.
- Individual and alternate selected by the No. Calif. Building Industry Assoc.
The committee will be a standing committee which consists of three members (and designated alternates). Each member and designated alternates must be approved by a majority vote of the City Council. The first member will be the City’s Finance Director or his or her designee. The second member will be an individual and alternate recommended by a local non-profit or not-for-profit affordable housing advocacy group. The third member will be an individual and alternate selected by the Northern California Building Industry Association. Alternate candidates shall meet the same criteria as appointee members and shall serve on the Committee in the event a regular member is a subcommittee of a loan request and is unable to review his or her own loan request.
Term:
The terms of the members shall be two years. There shall be no maximum number of terms that may be served by an individual member.
Qualifications:
Each member of the Affordable Housing Loan Committee must be at least 18 years of age, be registered to vote, and be a United States citizen in good standing. Each member must possess experience in affordable housing development and finance. Committee members are not required to be residents of the City, but must have an interest in promoting the development of affordable housing in the City.
Contact:
Jennifer Estrella, Planning Senior Finance Analyst, (916) 627-3409
2009 Agendas
The following is a list of all published Agendas in PDF format.
| Meeting Date | Type | Published File |
| 02-06-09 | Regular Meeting |  View |
2008 Agenda
| Meeting Date | Type | Published File |
| 12-12-08 | Regular Meeting | View |
Click here to download reader.
Last updated: 2/2/09 1:55 PM
