Minutes Housing Commission 4 2 08MINUTES OF THE HOUSING COMMISSION
TRUST FUND COMMITTEE
DATE: Wednesday, April 2, 2008
TIME: 7:30 a.m.
PLACE: Housing and Community Development Department
350 W. 6th Street, Suite 312, Dubuque IA 52001
Chairperson Jim Holz called the meeting to order at approximately 7:30 a.m. following staff
assurance of compliance with Iowa Open Meeting Law.
Committee Members Present: Doris Hingtgen Jim Holz
Char Eddy Dorothy Culbertson
Committee Members Absent: John Walsh
Staff Present: David Harris Joleen Patterson Lisa Barton
Correspondence /Public Input
None
Certification of Minutes: 7 September, 2007 Trust Fund Committee Meeting
Dorothy Culbertson reported an error in the minutes. The motion to approve Commissioner
Terms/Re-appointments was made by Doris Hingtgen, not Dorothy Hingtgen. Doris Hingtgen
moved to approve the 7 September, 2007 Housing Trust Fund meeting minutes with this
change. Char Eddy seconded. Roll Call. All present in favor. Motion passed.
Old Business
None
New Business
Request from Four Mounds Foundation: Renegotiation of HEART Contract to sell to
Section 8 Homeownership Buyer.
At the 7 September 2007 Trust Fund Committee meeting, a decision regarding the HEART
contract was tabled until a buyer and an offer to purchase was ready for approval. Joleen
Patterson reported a Section 8 Homeowner family has been identified for purchase of the
HEART home at 2060 Washington Street. Four Mounds is requesting the original forgivable
funds of $47,066.66 to become a grant and add an additional $12,028.19. Chris Olsen and
John Gronen spoke in favor of this request. Staff recommends that the Housing Trust Fund
Committee approve the $59,094.85 in the form of a 5-year forgivable loan. However, if an
emergency arises and the homeowner needs to move within the five year period, it will be
brought back to the Commission for review. After discussion, Char Eddy moved to approve
staff recommendation of $59,094.85 in the form of a 5-year forgivable loan. Doris Hingtgen
seconded. Roll Call. All present in favor. Motion passed.
Request from staff to waive Iowa Finance Authority (IFA) Housing Trust Fund
guidelines regarding two homeowner projects in Washington Neighborhood
Joleen presented a drawing to Commissioners showing a new front porch and dormers for
the owner-occupied tri-plex located at 1664 Washington Street. The owner lives here and
allows his mother and disabled brother to live in 1668 and 1670 Washington Street; both
families are below the 50% median income. Joleen is requesting $20,000 of the IFA
homeowner funds to rehab the property accordingly. Terri Rosonke, from the IFA office, was
contacted and reported the Housing Trust Fund Committee could approve this request.
Motion to approve the request of $20,000 to be used to rehab the property of 1668 and 1670
Washington Street by Doris Hingtgen. Seconded by Char Eddy. All present in favor. Motion
passed.
Joleen stated she has been working with a client who is eligible for $5,000 of IFA funds to
help purchase the property located at 1326 Elm Street. The client's lender insisted she close
or lose the property; however we weren't notified until after the closing. Joleen is requesting
$5,000 of the IFA homeowner purchase funds to be applied to the client's first mortgage.
Terri Rosonke was contacted and reported the Housing Trust Fund Committee could
approve this request. Motion to approve the request of $5,000 to be applied to the first
mortgage loan on 1326 Elm Street by Doris Hingtgen. Seconded by Dorothy Culbertson. All
present in favor. Motion passed.
Status Report: Step by Step Trust Fund Project
David Harris gave an update on the status of the Step by Step funding project. David
reported the following: total project cost is $1.6 million; Step by Step has purchased the
building; Portzen Construction was hired as the construction management firm; construction
should begin within the next couple of weeks. David reported we were able to draw down
funds from IFA with City Rental Rehab funds to purchase the building.
Information Sharing
None
Adjournment
There being no further business to come before the Committee, the meeting was adjourned
by voice vote at 8:15 a.m.
Minutes taken by:
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1,00.
Lisa Barton
Housing Secretary
Respectfully submitted by:
David Harris
Department Director