1996-160 - Accepting the 1995-96 Annual Report for the Los Gatos Redevelopment AgencyRESOLUTION 1996 -160
RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF LOS GATOS
ACCEPTING THE 1995 -96 ANNUAL REPORT
FOR THE LOS GATOS REDEVELOPMENT AGENCY
WHEREAS:
The California Community Redevelopment Law ( §33080.1) requires every
redevelopment agency to present a report on financial and housing activity to its legislative body
within six months of the end of the agency's fiscal year.
2. Approval of the 1995 -96 Annual Report does not constitute a project for proposes of
the California Environmental Quality Act ( "CEQA ").
The audit issued by Maze and Associates, attached hereto as Exhibit A, gives an
unqualified opinion of the Redevelopment Agency's financial activities includes the auditor's
opinion of the agency's operations and financial position, and the agency's compliance with laws,
regulations and administrative requirements governing activities of the agency, including all
financial activities involving low- and moderate - income housing funds.
RESOLVED, that the Town Council hereby approves and adopts the 1995 -96 Annual
Report for the Los Gatos Redevelopment Agency, attached hereto as Exhibit B.
FURTHER RESOLVED, that the Town Council determines the planning and
administrative expenses from the Low and Moderate Income Housing Fund are necessary for the
production, improvement, or preservation of low- and moderate- income housing.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on the 16th day of December, 1996 by the following vote:
COUNCIL MEMBERS:
AYES: Randy Attaway, Steven Blanton, Jan Hutchins
NAYS: None
ABSENT: Joanne Benjamin
ABSTAIN: None
Agency Name and Address:
Los Gatos Redevelopment Agency
110 E. Main Street
Los Gatos, CA 95032
ANNUAL REPORT OF HOUSING ACTIVITY
OF COMMUNITY RL- DEVELOPMENT AGENCES
FOR FISCAL YEAR ENDED 6/30/96
Counn of Jurisdiction:
Santa Clara Counts
Puruant to Health and Safety Code Section 33080, k, redevelopment agencies must report ammmualle on their housine activities and Low & Moder ate
Income Housing Fund balances, and pursuant to Section 33080.3 tike a copy of this repots wi[h the Department of Housine and Community
De•relopment (HCD). Section 33080.6 requires HCD to compile and pubiish annualh a repot, of redevelopment agencies' housine activities.
Please answer each of he following questions in order to determine which HCD Sehedulas our aEenec must prepare to provide a eomnlete reoor[
of housing activity` and fund balances for he reporting period. -
How mam adopted project areas did the a� ev hate du �I:e z_ mot,,;,_ r,e; -.ed" I
If one or more, prepare and submit a separate : opv of SC =D[ LE i CD -\ :cr ch td;;pted ^roje area.
Ii none, do not submit Schedule HCD -A.
2. Did the a?enev conduct any housing acu%in outside of ade -, d red zto. i teru project areas?
_ Yes. Prepare and submit one cop% of SCT`lEDGLE HCD -B :or the a_enc%
`{ No. Do not submit Schedule HCD -13
3- Did the agencv have any adopted project areas, and /or ant funds in the Low & Moderate Income Housine Fund?
X Yes. Prepare and submit one copy of SCHEDULE HCD -C for the asenc,,
_ No. Do not submit Schedule HCD -C.
To the best of my knowledge the representations made in the above stat ��[ and [he disclosures contained in the HCD scheduie(s) submitted
herewith are true and correct. `
oh ('�\
U,ae /������ Sig ae re c[ .�utho zed Agency Representativz
E\ecuti%e Director
Tidc
(tOSI ;•_68;
Telephone number
9= 96
HCD -A
Page I of S
SCHEDULE HCD -A
Project Area Activitc
for Fiscal Year Ended 6/30/96
Agency Name: Los Gatos Redevelopment Agency Project Area Name: Central Los Gatos Redevelopment Area
Preparers Name, Title: Bud Lortz- Redevelopment Manager Preparer's Telephone No: 04081 364-6867
General Information
a. Year project area adopted: 1991 Duration of redevclopment plan: 11/2f/21331
b. If project area name has changed, give previous name(s) or number N/A
e. Year(s) project areas merged: N/A
Project areas merged: N/A
d. Year(s) real properiv was added or removed: N/A
2- Project areas adopted, or portions added thcreto. t ;� "�, are ;ac;a ,. at.o.�atic hoi.sin_ _.ioduci:on -cc "and
implementation plans pursuant to Sections 37 I rib;(!) an 14ition. h e a_c,:a i;:)�. c' reJ lution, ..te,; _o mate the project
area, or portions thereof adopted before 19767 sulrjact zo te. icn , I =. Check ifahl,, . area _- or am pc lion :hereof N /A, is
subject to the affordable housing production and plalimri2 requirements_
Tax Increment Set - asides
3. Report all actual revenues from dais project area added to the asenc %'s Housing Fund this fiscal pear. Any income related to aeencv-
assisted housing located outside the project area(s) should be reported as "Other RcN enues" (item 3d, below) if this project area is named
as beneticiar v in the authorizing resolution. Sho«- die fuil ICP, , of zi oss :av inc, e: ne , sc_a.;de, pnor to am pass [Hough, less exemptions
or deferrals only. Reductions for debt service should be reported as an expenditure on Schedule HCD -C.
a. Tax Increment:
20% of Gross: $ 1 18300
Amount Exempted: (S N/A )
Amount Deferred: (S N/A )
Tax Increment Deposit to Housing Fund
b. Debt or Bond Proceeds (including principal & interest):
C. Grants:
d. Other Revenues (e.g., rental income, loan repayments, piopern sales,
deferral repayments etc.); specific amount for each re%enue npe:
e. Interest
f. Total Housing Fund Deposits For this Project Area (add 3, n -e, above):
$ 118300
(S N/A )
(S N/A )
(S N/A )
5 9J0'
S 12' 7Q_
Ifless drat[ '0 °/o is being set - aside in this project area in accordance tt ith .Section 35;24 fo, indicate the actual gross percent here
(,VA %), enter the au+ount in 3a. above, and identih the cow? ihImm, project area(s) _
95,96
HCD -k
Page 2 of 3
H
5.
Agenev Name: Los Gatos Redevelooment Aeencv Project Area Name: Central Los Gatos Redeve!ooment : r
a. If you are claiming an exemption from making the `uil 200/9 set- aside, indicate the reason(s). Check the approprate Health and
Safety Code Section designation(s):
N/A Section 33334 2(a)(1): No need in conununit' to increase /improve supple of low /moderate - income hcusin?.
N/A Section 33334.2(a)(2): Less than 20% set -aside is sufficient to meet the need.
N/A Section 33334 2(a)(3): Cc=. unity is making substantial effon equi%,lent in value to 20% set -aside and has speculc contractual
obligations incurred before May f, 1991 requiting continued use of this funding.
N/A Other: Specify code section, reasons:
b. When were the necessary findings adopted, (Show month /da}-hear -)
N/A
a. If cou are deferring the setaside, indicate the reason(s). Check the appropriate Health and Safety Code Section deli "nation.
N/A Section 33334 6(d): Projcct was adopted bef ie ; 9i? h� ' tai inc: cut ents are nee, i ej to meateetstinedebts.
N/ A Section 333 34 6(e): Projecnva, ad opted bet i and ,c. :nv�.,hu t Q ,see J cu .ei � : :neFF coot p ie:: o n rt _ rojec is daich
aaencywas coritimitted before 19 So j
Ni k Other: Specite code section. reasons.
b-
d.
When were ''he necessan findirgsatoptra . 'n NQ ::: )
A deterred set-aside pursuant to Section 33 d) or (e) c r suture: an indebtedness to :he Housiaa -°und Lgda- to the
amount of the set -aside beir,a dcfsned. Suu n .i:« tite a ou �(s) ��� set -aside deferred dutin this asc tear and
cumulatively: `
Fiscal Year
Amount Deferred
Deferred
n
Amount of _ rior FY
Cumulative Amount
During FY
Defe: ais Repo;
Deter ed ( Less .Any
Dwins FY
Amount ReGaid)
94/95
S
( 3
� S - 0 _
95/96
S -0-
5 _p_
5 _p_
The cumulative amolml of deferred setaside should also be shown on Line 7b of Schedule HCD -C"
N/A
If the FY 94/93 cumulative deferral shomi herc differs from «hat %% as reported on the last HCD repots, indicate the amount
of and the reason for the difference :
N/A
Section 33334.6(8) requires any agenec %chich del2rs set - aside, to adopt a plan
to eliminate the deficit in suLsequent year,. It this agent: ':ha, del:::res
set- asides, has it adopted such a plan' iN /A Yes No
If yes, by %hut date is the deficit to be eliminated°
NA
„
wsuant to Sec;uon '3»», -., _ (b) or 33334.0 (t)(_), nttcch -roies of am hi .Jlr_ adopted in accordance kith items -t and 5 ❑bore for this
reporting period if rou hate not previoush submit[ed them to the De; game,[_
9596
HCD -A
Pagc 3 oCS
Agencv dame: Los Gatos Redevelopment Aeencv
Housing Units Lost and Households Displaced
Project Area Name: Central Los Gatos Redevelopment Area
6. Pursuant to Sections 33080.4(a)(1) and (a)(3), report the number of dwelling units and bedrooms destroved or removedh-om this project
area as a result of redevelopment activities; the number of those units or bedrooms the agencv is not required to replace; and the income
category and type of households displaced from the project area during the fiscal vear.
Household Income
and Type
Households
Displaced
Total No. Lost (Removed
or Destroyed)
Units /Bedroom
Number Lost Not
Required to be Replaced
Units "Bedrooms
Total Very Low
Subtotal Elderlv
Subtotal Other
0-
_0_
_p_
Low
- 0 -
I - 0 -
( - 0 -
Total Low
Subtotal Elderly
Subtotal Other
0 -
_ 0 _
_ o _
Above Moderate
- o - I
- 0 -
- 0 -
Total Mode. ate
Subtotal Elderly
Subtotal Other
_ 0- I
i
_
Total Above Moderate
Subtotal Ederh
Subtotal Odle:
- 0-
* Destroyed units which ��ete vacara but �etsonab!v uou 'uc expo be �6.,urJi�.: b�� low or moderate income housc'101Js o�.euld
be replaced.
As required in Section 33080.4(a)(2), estimate the ¢pe and ❑Umber of households. by income cetegon, to be displaced from this proiect
area during the next reporting period (the current fiscal year).
Income Level
Total Households
Subtotal Elderh'
Subtotal Other
Very Low
-0-
_0_
_p_
Low
- 0 -
I - 0 -
( - 0 -
Moderate
- 0 -
_ 0 _
_ o _
Above Moderate
- o - I
- 0 -
- 0 -
Sections ,35413(d) and 334135 specift that project at adopted ade: ! 9 5 or amended to add areas after 1995 are required to adopt
replacement housing plans at least 30 dais prior to entering cer,ain ameemert_; atPectine properties from which low- and moderate- income
d%i e!line units will be removed. Other project areas may adopt such plans.
If the agenc% has adopted a replacement housing plan for this proiect area, report tha date it
was adopted:
HCn -A
95 J6 Page 4 of 8
\/,-1
Agency Name: Los Gatos Redeveloument Agency Project.4rea Name : Centrai cos Gatos RedevelonmenE Area
Current Housing Activitv
9- I'tnsuantto Sections 33080,4(a)(4), report all newly constructed and substanuail% rehabilitated units deveiooed or assisted by the agency
during the reporting period in the project area, which hm e occupancv and use restrictions pursuant to Section 33413(e). Also report any
multifamily units for which the agency purchased or otherwise acquired long -term affordability covenants pursuant to Section
33413(b)(2)(B). Report only those units for which the acquisition or work ��as comnleted during the repotting period. Do not report
the same units in more than one column. Information on assisted units located outside the project area, but that benefit the project area.
should be reported in Schedule HCD -B.
Household Income and
Type
Built with
Age cv
Aa�ismnce
Substanr ill
R� rabbo t «/
P.LCaa_ Ass3t�nc,e
bill v
Covenants Acquired
b� Aa enc:
Total Very Low
Subtotal Elderly
Subtotal Other
0-
Total Low
Subtotal Elderly
Subtotal Other
p _
-0-
Total Low
Subtotal Elderh
Subtotal Other
Total Moderate
Subtotal Elderh
Subtotal Other
-0 _
.0-
Total Moderate
Subtotal Elderly
Subtotal Other
10. Indicate how many of the units listed m item 9 ve replacaments tot unit; precious',} remced duough redevelopment activities, as reauired
in Section 33080.4(a)(4):
Household Income and
Type
_
BuiIt-,% ith
Agenc
Asrstc
Substantial]v
Rehabbed w/
1_,er.cc As., ;tang.
Total Very Lotr
Subtotal EldeiI%
Subtotal Other
-0.
Total Low
Subtotal Elderly
Subtotal Other
p _
-0-
Total Moderate
Subtotal Elderh
Subtotal Other
-0 _
.0-
*Only rehabilitated nnas that were previousle uninhahitah/e tnoe be
used to san.sfi, the replacement housing requi'eniems o�Sccuon
33413(67),
}IC D -A
9f 96
Page 5 of 3
Agency Name: Los Gatos Redevelopment Aeencv Project ,lea Nine: Central Los Gatos Redevelopment Area
L Pursuant to Sections 33080.4(a)(5), report all newly const uctad and substantial!,, rehabilitated units developed in the project area during
the reporting period by persons other than the aeencv, which ha%'e occupancy and use resn'ictions pursuant to Section 33,113(c). Report
only those units for which the work was completed during the reportng period Do not report the same units in more than. one column,
Household Fncome and Type
Units Constructed
Units Substantially
Rehabilitate`
Very Low
Subtotal Elderly
Subtotal Other
p _
_ p _
I
-0-
-0-
-0-
Total Low
Subtotal Elderly
Subtotal Other
0-
0 -_
0-
0-
Total Moderate
Subtotal Elderly
Subtotal Othe,
%loderate
- 0 -
- 0
- 0 -
- 0 -
- 0 -
Pwsutnt to Section 33080.4(a)(4;, eport ail ne,,th on.� r u. ��a. G�:.'. �a�� 'spas de% Mooed or a . Z : be the asc^c,
i, the ptoiect area during the repoiline pe::oa. ah,ut ha,, C,',ITJ' r.. - apc u,,, „ :.i. t Mrs pursuant to Section 33 and t,-:us are
: eporwd in item 9, above. Do not report L he snore urii mor h r une
Household income income and Tcpe
Built kith !, erc%:
Su'o ;[1:riai!� Rehabbed .
.A,sistance
Total Ven, Low
Subtotal Elderly
Subtotal Other
- 0-
Other Households
Assisted (Specifi i
I
-0-
-0-
-0-
Total Low
Subtotal Elderly
Subtotal Other
0-
0 -_
0-
0-
Total Moderate
Subtotal Elderly
Subtotal Other
%loderate
- 0 -
- 0
- 0 -
- 0 -
- 0 -
Pursuant to Section 33080.4(a)(4), repot! by income level all other units or households assisted in the project area daunt the reporting
period, which have occupancy or use restrictions. Do not report [he same units or households in more than one column. Do not report
an.- of the same units repotted in items t 9 -12, above_
EHou-se'hold ome
Mobileh omes
Maintained
Units Rehabbed
(not substantiai)
Households Recah'irg
Rental Assismacc or
Subsidies
Households Received
Home- ownership
Assistance
Other Households
Assisted (Specifi i
-0-
-0-
-0-
-0-
0-
0 -_
0-
0-
_ 0-
%loderate
- 0 -
- 0
- 0 -
- 0 -
- 0 -
Above Modcrare
- 0 -
- 0 -
_ 0 -
_ 0 -
- 0 _
H
9i 96 CD -A
Page 5 of 3
14.
15,
Agency Name: Los Gatos Redevelopment Aaencv Project Area Name: Central Lo> Gatos Redevelopment A ea
Pursuan[ to Section 33080.4(a)(10), report the number of units to be constructed in the project area (with agency assistance), within the
next tvo vears, pursuant' an executed contract or agreement Also include the -estimated completion dates of the units. Do not report
any units shown in items 9 or 12, above.
N/A
Name of Contract or Agreement
Execution
Date
Est. Date of
Completion
Numbers of Units to be Bu It
Total Vert Low Low Mod Other
Pursuant to Sections 33080.4(a)(7) and 33418, provide an inventor, of all housine prciects or unitss in [he projec[ area which have
occupancy or affordability restrictions imposed by aer ents or:ccou.ed:,or -� :vns co%e .anis. or ze ructions. Lee '.:e form on page
to report any additions or corrections to the pre,'iou.s cee.r s is,enton.
95 96
HCD -A
Page 7 ,f 3
NiA
71
I
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Is
IC
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IA
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In
71
I
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SCHEDULE HCD -C
Agency -,vide Activity
for Fiscal Year Ended 6/30/96
Agency Name: Los Gatos Redevelooment Aaenc,;
Preparers Name, Title: Bud Lort7. Redevelooment Manneer Preparer's Telephone No: (,108)354-6867
Low & Moderate Income Housine Funds
Report on the "status and use of the agenev's Low and Mode, ate Income Housing Fund," including information developed to comply
with Sections 33080.4(a)(6) and (a)(8). Information reported here should be based on that reported to the State Controller.
1. Beginning Balance: S 146.669
If Beginning Balance is not the same as the sum of lines 4a & 5 from Schedule HCD -C on fast year's report, indicate the amount of, and
reason(s) for, the difference:
2.
3
5
6
Revenues:
a.
Total Receipts From Project Areas:
(Sum of amount(s) from line 3f on Schedule HCD -Ais))
S 12790"
b.
Other revenues not reported on Schedule i- ICD -A(s)
(Spec;
Subtotal
of Expenditures and ITses (combine a -n. beic�i ;:
(S
a.
Acquisition of pi sites j 333.1.2 e
S
-
b.
On/ofl- site improvements (33334 2(e)(21)
S
c.
Housing construction (33334.2(e)(5)):
S
_ 0 -
d.
Housing acquisition (333342(e)(6)):
S
e.
Housing rehabilitation (333342(e)(7)):
S
- 1) -
f
Housing subsidies (33334.2(e)(8)):
S
-0-
9
Debt service (333342(e)(9)):
S
- 0 -
h.
Maintenance ofmobilehome parks (3337-'2(e)(10)),
S
- 0 -
i.
Preservation of at -:isle units (33334,2(e)(7 1 ) :
S
- 0 -
j.
Planning (33334.2(e)(9)):
S
-0-
k.
Direct agency salzry costs (33334.3(e)( I)(A)):
S
- 0 -
l.
Indirect nonprofit costs (333343(e)(1)(13)):
S
-0-
M.
Transfer to Housing Authority (33334.12(a)(1)(A)):
S
-o-
n.
Other (Specify
S
- 0 -
Transfers Out: The specific use of transferred funds should be repol:od in item a -n, above
Total Available Balance (I+2a-2b-3): S 2;5861
Total Encumbrances:
(A-.mount of line 4 encumbered per written aLl-eemcnt or cons: ;ietl (S - 0 - )
Unencumbered Balance (4S): $_23� , 61
HCD -C
95,96 Pege I of
Agency Name: Los Gatos Redevelopment Acme%
Other Housing Fund Asses (not included on Line 4, above):
a. Value of land purchased with housing funds and
held for development of affordable housing:
b. Indebtedness for setasides deferred (Sec. 33334.6):
C. Loans receivable for housing activities:
d. ER-6,17 loans (all vears) receivabie (Sec. 33681):
e. Other assets (Specify
8. Total Housing Fund Balance (4 +7a through 7e):
Excess Surnlus
11oiect.4rca Name: Central Los Gatos Redevelopment Arco
S -0-
S -0-
S -0-
S -0-
S 235 861
Pursuant to Section 33080.7, report any excess surplus funds (as- defined in Section 33334.12). An excess surplus exists for a fiscal year if
the unencumbered balance in the Housing Fund at year end e.�ceeds the 2reatcr of S 1-000,000 or the aggregate amount of tai; increments
deposited into the Fund during the preceding four fiscal }'ems. "=C"1r-PQ ::'MZ means committing funds pursuant to a le2ally enforceable
contract or agreement for expenditure for authorized redeve;opment housing activities. In accordance with Scction 333341 -"Y, "(A) and
(B), the unencumbered balance mac be adjusted to account tot arue idu�d from Sind ptoc eds or the difference be c, e2 the sales price
o'i Iand for affordable housing and its fair market value '
Fail in the following table to calculate and track you .tgero wess amounts tot Luc - mescal veal loc-mn.mL with 9 -,9 -_
NiA $1.000,000
* Unencumbered balance for FY 95 -96 should equal item 6 on precious page unless adjustments are made per 9.1b.; below.
Are cou eligible to adjust the total unencumbered balance? If %es, identify Lhe bpe and amount of the adjustment bellow:
1. Unencumbered balance from Line 6 on precious page: S N7
2. Adjustments:
Bond proceeds (33334.12(g)(3)(B): S - 0 -
Land Sales (33334.13(g)(3)(A): (S - 0 _
3 Adjusted Balance: S 0 _
If you reported an excess surplus For the ize tha aLcnci's plan (authorized in Section 3333-1.10) for
encumbering or espendinL that amount
NIA
9596
HCD -C
Pip '- of i
Agencv Name: Los Gatos Redeve? rent Agercv
If plan described in 9.c. was adopted, give adoption date-
Misc. Uses orFunds
Project A ea Name: Centr' ' os Gatos Redevelopment Area
N/A
10. Pursuant to Section 33050.4(a)(6), report the total number of very low -, low -, and moderate- income households directly benetitted by
expenditures for onsiieto "site imorovemer si which resulted m ne,.v construction, rehabilitation, or the elimination of health and safety hazards.
(If line 3b of this schedule does not show expenditures for improvements, no units should be reported here.)
Income Level
Construction
Rehabilitation
Health and Safety
[Duration of Deed
Res rn
io
Very Low
-0-
p-
0-
0-
Low
-0-
0-
-0-
Moderate
.0-
0 _
-0
If the a2eney is holdmg land for futm e housing deelopm< e ie , b. n , ne aos . �� , eg acreu2e, dal of
purchase. zoning, and anticipated star- data tot the nousi e :op�;e:a. `
Site Name /?.ovation"
I No of Acres
I Zori n,
i ? rc 7atc
Date I Comore s
Av tileble
-o-
12.
It
Please attach a separate sheer ofpaper listing anc addirinnnl sires nor reperrc d above.
Seaton 33334.13 requires agencies which have used the e us g � t o assist IrM tga2ot s in a homeownership mor ease revenue bond
p og<am, or home financing program described in that Se on :o pro< <4e :he ioh<«in, in bimati )
a. Has your agency used the authority related to detiri6ons of income or farnih size adjustment factors provided in Section
33334.13(a)?
Yes _ No _ Not Applicable X
b" H;s the agency complied with requirements in Section 33334. ! 3(1,) related to assistance for very low- income households equal to
twice that provided for above moderate- income households'
Yes _ No _ Not Applicable X
Section 50336(1h) allows redevelopment funds to be used as matching funds fix federal HOME ur HOPE program support. Did the agency
use any" redevelopment funds tot this propose during [he repotting period" -
Yes _ Nu _ Not Applicable F
Ryes, please indicate the amount of housing (ut';, andtol tw ttx eithe, HOME or HOPE provnam support .
95 96
Housing Funds used
Non - housing funds used
1711,0 ME S
HOMES
HOPE S
1 -IOPL S
HC D -C
Pugs 3 of 5
14.
15.
Agency Name: Los Gatos Rzdevel, gent Agerce Project Area Name: Cents os Gatos Redevelooment Area
a. Did the agency borrow from the I- Iousine Fund to make its FY 9419� transfer to the Educational Revenue Assessment Fund? (]f ves,
this amount should also be included on line 77d, above -)
b. If yes, specify the amount borrowed for FY 94/95
Yes _ No _ Not Applicable X
3-
Per Section 33080.4(a)(11) attach to this schedule a summary showing the date and amount of all deposits to and withdrawals from the
agency's Housing Fund during the reporting period.
See attached Audit, General Ledger Transaction Anah'sis
Account 10400
Year 1996
Fund 440
Programs
ce u£ coot agency's cunenth aonve housin t roman � .:.: ho c �. t, ,,kc, !' le, nnt: 1, i n It :n other ,.._ -n l o,paczs
provided, as needed. `
Program Type
Acquisition:
Land
Housina
Other Bldg.
Rehab., Owner:
Substantial
Major
Minor
Rehab., Rental:
Substantial
Major
Minor
New Construction:
Owner
Self -Help Owner
Rental Acts.
2nd units
SRO's
Mobilehome Park Conversions:
Ownership Assistance:
Downnayments
MCC's
2nd Mortgage
Renter Assistance:
Emergency
Household
Projec.
Presen ation of At -Risk Units:
On/Off Site ttnproyemer,ts:
Other
95.96
HC D-C
Page 4 of 5
Agcncv Name: Los Gatos Redeye) tent Agencv Project Area Name: Canty os Gatos Redevelopment Area
Achievements
1 I On a separate sheet of paper, please briefly describe one outstanding or innovative project, practice, or program the agency participated in
during this reporting period to increase, improve or m
preserve the community's affordable housing supply. Please provide me following
information along with the program or project description-
N/A
a. Name of Project or Program:
b. Description:
No. and type of units provided:
Resident incomes:
Services provided:
Agency funding provided:
Financing arrangements:
c. Aeencv's Role:
Nature and extent of the Agency's role.
Financial participation in the project or profit anr:
BriefHistoiy
Housing need or problem addressed:
Successful aspects:
Unusual features:
Problems encountered:
Lessons learned:
e. Contact Person and Telephone Number:
The following year, several agencies will be selected to receive a Governor's "Recta, elonmer,t Housing Achievement" Award. This new award
wdl , gh rent the important role of redeyelopmert a c e;e, !n a d hot _ ng problems. Ascneres will be selected based upon
the description of an exemplary project or program in con,i.lemiion of the c_der,t„p tole of he agent %, the creativity or innovative nature
of the project or program, and the overall merit of the project or pro_icnr in addressing an idrntit-le, housing problem or need.
Use of Other Redevelopment Funds for Housing
13. Please briefly describe the use of anv non - housing redev e'.opmeut funds (i e., cone ibuuous tiom the other 30 °/n of tax increment revenue) to
construct, improve, assist, or preserve housing in the conmsunun,
N/A
Resource Needs
19. What additional training, information, authotin., or other resources "could help vour agencv more quickly and effectively use its : -lousing Funds
to inc, ase, improve, and preser� e affordable housing? `
None at this time.
9596
HC D-C
Page 5 of 5
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