267 / 534
267
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP
Housing Programs
(continued)
tices in a post-Redevelopment environment
o
Continue participation on County CDBG Technical Advisory Committee
o
Continue participation with the County Office of Supporting Housing
Improve Organizational Effectiveness and Transparency
o
Continue working with BMR non-profit Administrator NHSSV to improve BMR processes and increase com-
munity outreach and communication
o
Maintain Website and look for new, creative options to communicate information to the public about
housing opportunities
FY 15-16 Activity Goals
Negotiate with developers potential use of City housing funds to create new affordable housing development
Implement full policies and procedures with BMR Administrator
Refine BMR website
Continue outreach to BMR residents and potential applicants
Continue interdepartmental support including Planning & Finance assistance.
Continue BMR compliance monitoring
Complete financial review of all residual receipt generating developments
Continue aggressively defending BMR covenants
Continue sourcing other financial leveraging opportunities
Proactively prevent foreclosures to protect BMR covenants and City financial investment
Attend at least one training or networking event each month
FINANCIAL COMMENTS
The revenue needed to fund the City’s housing programs is now directly aligned with the health of two funds: The
Housing In-lieu Fee Fund (Fund 236) which is infused with payments from residential developers who opt to pay the
BMR In-lieu fee instead of building BMR units and the (former Successor Agency) Housing Fund (Fund 255), which