Loan and Grant Committee

City of Columbia, Missouri Meeting Minutes Loan and Grant Committee Tuesday, March 28, 2017 Room 1A, City Hall, 701 Regular Meeting E. Broadway, Columbia 2:00 PM I. CALL TO ORDER Mr. Kasmann called the meeting to order. II. INTRODUCTIONS Members present: Bill Kasmann, Mitchell Ritter, Chris Steuber Members absent: Lynn Limback Staff present: Gary Anspach, Jacob Amelunke Since no members of the public were present, introductions were dispensed with. Present 3- Bill Kasmann, Chris Steuber, and Mitchell Ritter Absent 1- Lynn Limback III. APPROVAL OF AGENDA Mr. Kasmann asked if there were any additions or corrections to the agenda; hearing none, Ms. Steuber made a motion to approve the agenda. Mr. Ritter seconded it; the motion passed by a unanimous voice vote. Ms. Steuber made a motion to approve the agenda; second by Mr. Ritter. The motion passed by a unanimous voice vote. IV. MOTION TO GO INTO CLOSED SESSION Mr. Kasmann asked for a motion to go into closed session; Mr. Ritter made the motion; second by Ms. Steuber; the motion passed by a unanimous voice vote. Mr. Ritter made a motion to go into closed session; second by Ms. Steuber. The motion passed by a unanimous voice vote. V. APPROVAL OF MINUTES OF DEC. 14, 2016 MEETING VI. NEW BUSINESS Rehab Project City of Columbia, Missouri Page 1 Printed on 8/16/2017 Loan and Grant Committee Meeting Minutes March 28, 2017 VII. MOTION TO GO INTO OPEN SESSION Mr. Kasmann asked for a motion to go into open session. Mr. Ritter made the motion; second by Ms. Steuber; the motion passed by a unanimous voice vote. Mr. Ritter made a motion to go into open session; second by Ms. Steuber. The motion passed by a unanimous voice vote. VIII. SPECIAL ITEMS Rehab Policy Revision Mr. Anspach said staff recently discussed making a small language change in Section 2 of the Owner Occupied Housing Rehabilitation eligibility and assistance section. He read the proposed new language: “#10-Owner Occupied Rehabilitation Loans may be made from either Community Development Block Grant (CDBG) or HOME funds. An applicant and/or structure may not be funded with a HOME funded loan more than once within a 20 year period, but can be paid out of CDBG as funds are available. Repeat applications from the same owner applicant for a different property will be accepted only if the debt from the first property has been repaid.” The current policy says we can’t do another Rehab loan within the last 20 years, regardless whether it was CDBG or HOME funded. The city recently has used up all of their CDBG funds and needs flexibility to use HOME or CDBG funds for Rehab projects. Currently, if a Rehab project uses HOME funds, they can’t use HOME funds again for the next 20 years, even for a minor repair like a sewer back-up, water heater goes out, etc. If it was a CDBG Rehab, they can go back multiple times, up to $35,000. Mr. Kasmann asked if that’s a new policy; Mr. Anspach and Mr. Amelunke said it’s been that way since they’ve been here; they think it’s a HUD policy. This would allow staff to do a HOME funded project and come back if CDBG funds were available for another Rehab if the cost exceeded $10,000, the Minor Home Repair limit. Staff asked the committee to approve the change in language to give them more flexibility in doing more than one Rehab on a property. Ms. Steuber made a motion to approve the change in language; second by Mr. Ritter. The motion passed by a unanimous voice vote. Ms. Steuber made a motion to approve a change in the Rehab policy language; second by Mr. Ritter. The motion passed by a unanimous voice vote. City of Columbia, Missouri Page 2 Printed on 8/16/2017 Loan and Grant Committee Meeting Minutes March 28, 2017 IX. GENERAL COMMENTS BY PUBLIC, MEMBERS AND STAFF There were no comments. X. NEXT MEETING DATE: TO BE DETERMINED Mr. Anspach said the next meeting will be mid- to late May. He plans to have 2 projects. Mr. Kasmann asked how many applications are pending. Mr. Anspach said 2 will be ready in May and 2 more in July. There should be several completed Rehabs by July. The Minor Home Repair program is on hold now due to lack of CDBG funds. They’re waiting for HUD funds in June or July. They’ve had 6 people close on new homes this year in the Homeownership Assistance program. 42 people have come to the Homebuyer classes so far this year. 7 homes are ready to be built on Lynn Street. CMCA and Job Point are building a house on Woodside Drive, off Oakland Gravel Road. XI. ADJOURNMENT The meeting was adjourned at 2:30 pm. Members of the public may attend any open meeting. For requests for accommodations related to disability, please call 573-874-7214. In order to assist staff in making the appropriate arrangements for your accommodation, please make your request as far in advance of the posted meeting date as possible. City of Columbia, Missouri Page 3 Printed on 8/16/2017