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DATE SUBMITTED: 3/18/2008
BILL# DB -0 $=3 0
AGE~DA BILL
CITY OF BREMERTON
CITY COUNCIL
........................................................................................
SUBJECT: Resolution No. 3053
adopting the City of Bremerton Down
Payment Assistance Program.
Committee Meeting Date: J/26/200~ 3/1.;;t./t:>8
COUNCIL MEETING Date: 4/2/2008 ·
Department: DCD - CDBG/HOME
Presenter: Phedra Elliott
Phone: 360-473-5211
SUMMARY: The Down Payment Assistance Program will use HOME funds to provide low interest
loans for down-payment assistance to low and very-low income residents of the City of Bremerton
purchasing their first home within the City limits.
ATTACHMENTS:
Proposed Resolution
Memo to Council
Program Summary
FISCAL IMPACTS (Include Budgeted Amount): None
Pass-through funding from the annual HUD HOME entitlement
APPROVALS:
DEP ARTMENT DIRECTOR:
CITY ATTORNEY:
FINANCE DIRECTOR:
MAYOR:
COMMITTEE CHAIR
COUNCIL PRESIDENT:
CONSENT AGENDA 0
GENERAL BUSINESS ~
PUBLIC HEARING 0
RECOMMENDED MOTION: Move to pass Resolution No. 305'3 to adopt the City of
Bremerton Down Payment Assistance Program and authorizing CDBG staffto execute a contract with
Washington State Housing Finance Commission.
COUNCIL ACTION: lpprove D Deny D Table
o Continue
o No Action