TO: LINDA REICH, CITY MANAGER
FROM: WARREN MORELION, AICP, DIRECTOR OF DEVELOPMENT SERVICES
SUBJECT
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Home Improvement Policy Update.
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RECOMMENDATION
Approve updates to the City of Chino Home Improvement Policy Program.
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FISCAL IMPACT
There is no fiscal impact associated with the update of this policy.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above further the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Financial Stability
* Responsible Long-Range Planning
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BACKGROUND
The City continues to provide home improvement loan programs to assist seniors and low-income families with the completion of repairs to maintain safe and healthy homes. These programs also help ensure the preservation of local housing stock and remediation of slum and blight. Housing staff maintains an updated policy to correspond with new programs and housing goals. Our current policy includes loan and grant programs to assist eligible homeowners.
During a recent comprehensive review of the home improvement programs, agreements and policy, it was recommended by the City Attorney that we move towards further protecting the City's investment of our limited housing funds by establishing a 5-year minimum ownership requirement for loan recipients to remain in their homes. This will avoid allowing a property owner to obtain City funding, use the funding to improve the home and sell it for an appreciated value in the improved condition. The investment of housing funds is intended to alleviate substandard living conditions rather than allow a property owner to financially benefit from the City's loan [or grant]. Imposing covenants that require an owner to remain on the property for a sp...
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