Minutes Housing 7 17 01MINUTES OF HOUSING COMMISSION MEETING
DATE:
TIME:
PLACE:
17 July 2001
12 Noon
Housing and Community Development Department Office
1805 Central Avenue / Dubuque, Iowa 52001
Chairperson Holz called the meeting to order at 12:05 p.m. following staff
assurance of compliance with Iowa Open Meeting Law.
Commissioners Present:
Commissioners Absent:
Staff Present:
Jim Holz Jim Stock
Dorothy Culbertson Danise Miller
Tom Swift, II Harry Neustadt
Dave Kapler (~a telephone)
Bea Bisenius-Soens Paula Stenlund
David Harris Janet Walker
Kris Neyen ~ude Bushman
Public Input
None.
New Business
Revised Voucher Program Payment Standards
Janet Walker stated that the purpose of the new voucher program payment
standards is to offset the increase in the costs of utilities. She requested that
approval be effective retroactive as of July 6 and effective until September 30.
Commissioner Kapler moved to approve the revised voucher payments standard
retroactive to July 6, 2001. Commissioner Stock seconded. Roll call. All
present in favor. Motion passed.
Request for Approval of Rehabilitation Loans Exceeding Maximum
Amounts
Joleen Patterson had previously presented to the Commission a loan in which
the property contained substantial lead based paint along with extensive
rehabilitation needs. The total cost of the project is $64,205 (which includes
$25,960 in lead paint assistance). She had stated that there is a first mortgage
in the amount of $47,653 at $428/mo. payments. Joleen had reported that if we
made a loan for $38,245, 3% interest, $360/mo. the owners would have a
negative cash flow of $81/mo. Commissioner Stock had previously
recommended to approve a loan in the amount of $85,898, paying off the
existing first mortgage of $47,653 and $38,245 for rehabilitation costs, monthly
payments at $428/mo., 3% interest to the City. Commissioner Stock motioned to
approve the loan. Commissioner Miller seconded. Roll call. All present in favor.
Motion passed.
Joleen Patterson had previously presented a second loan to the Commission for
a very small duplex, being converted into a single family home. The total cost of
the project is $61,000 (which includes $5,000 in lead paint assistance). There is
no first mortgage on the property. Commissioner Stock had expressed concern
about the applicant's credit card balances. Commissioner Stock previously
recommended to approve the $56,000 loan, however to defer payments for 6
months in order to apply the applicant's monthly payment to her credit card debt.
Once the credit card debt is cleared up owner is to pay $300/mo., 0% interest to
the City. Joleen Patterson had stated that the owner has agreed to bdng
statements showing the repayment status of the credit cards. Commissioner
Stock motioned to approve the loan. Commissioner Neustadt seconded. Roll
call. All present in favor. Motion passed.
Information Sharin.q
Janet Walker stated for information only that HUD has issued an interpretation of
the regulations requiring the City Council to have a resident member; or either a
pre-Council meeting would be held for Housing Commission business or the
Housing Commission would take over as the governing board pertaining to
housing issues. The issue is under discussion with HUD and Congressional
representatives.
Commissioner Neustadt requested that a copy of the Histodc Preservation grant
guidelines be mailed to the Commission along with the next agenda.
Commissioner Holz recommended the July meeting be canceled and the next
meeting held at the regular time of 4 p.m. on August 28, 2001.
Adiournment
There being no further business to come before the commission, Commissioner
Kapler moved to adjourn. Commissioner Miller seconded. Motion passed by
voice vote.
The meeting was adjourned at 12:20 p.m.
(~~tes taken by:
Laurie Bushman
Section 8 Secretary
Re, sj3ectfully submitted by:
David Harris
Department Director
LKB