To: Board of Supervisors
From: Planning and Building Department
Agenda Section: Consent
Vote Requirement: 4/5th
SUBJECT:
title
Supplemental Budget in the Amount of $4,100 for Community Development Block Grant (CDBG) Program Income (4/5 Vote Required)
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the supplemental budget (Attachment 1) in the amount of $4,100 for the CDBG Program Income budget unit 3613-551 for fiscal year 2025-26 (4/5 Vote Required); and
2. Provide the Planning and Building Department with the notice of action.
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STRATEGIC PLAN:
This action supports the following areas of your Board's Strategic Plan.
Area of Focus: Housing for All
Strategic Plan Category: 4002 - Increase and prioritize housing development
DISCUSSION:
This item is requesting your Board approve a supplemental budget action to move $4,100 of project income (not General Fund money) from the CDBG Special Revenue Fund 3613 into operating budget 551 and increase appropriations in this budget unit's professional services line (3613551-2118) (Attachment 2) to allow payment of a foreclosure vendor to conduct a foreclosure.
The Housing and Grants Division of the Planning and Building Department services a residential loan portfolio created through administration of past CDBG grants. Loan servicing follows a Loan Servicing Policy reviewed and approved by CDBG and by the California Department of Housing and Community Development (HCD). The Loan Servicing Policy includes a Foreclosure Policy for loans that are in default. Loan servicing and foreclosure activities are paid for with Program Income, which comes from loans that are repaid.
There is currently one loan in default. The borrower is unresponsive to staff's efforts to bring them into compliance. The department's foreclosure vendor provided an estimate of $4,100 to conduct a foreclosure (Attachment 1). The expectation is that initiation of the Foreclosure Policy will motivate ...
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