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<br />APPLICANT: Town of Romeo <br /> <br />APPLICATION NO: 85-610 <br /> <br />OVI::RALL STAH RAIINI> <br />X Low <br />Medium-Minus <br />Medium <br />Medium-Plus <br />High <br /> <br />PROJECT TITLE: Phase II CDBG Housing Rehabilitation <br /> <br />AMOUNT REQUESTED: $500,000 <br /> <br />PROJECT TYPE: <br /> <br />SP <br /> <br />X MP <br /> <br />MJ <br /> <br />PROJECT DESCRIPTION: <br /> <br />. <br /> <br />Completion of Phase I of CDBG Housing Rehabilitation grants to low and moderate <br />income households. To correct unfinished safety related housing deficiencies that <br />were not completed in Phase I of our housing rehabilitation project. <br /> <br />PROPOSED PROJECT ACTIVITIES AND BUDGET <br /> <br />IBrd.I~DBI>I I <br />Project INat.I$L/M1 Project I State I <br />Activi ti es- - I Obj. I ~ I Costs I CDBG I <br />I I I I I <br />Housing Rehab IL/M 110OtI$ 395,0001$ 395,0001 <br />I I I I I <br />Street ImprovementslL/M I 92%1 80,0001 80,0001 <br />Curb, Gutter I I I I I <br />I I I I I <br />Administration I I I 25,0001 25,0001 <br />I I I I I <br />I I I I I <br />I I I I I <br />I I I I I <br />I I I I I <br />I I I I I <br />I I I I I <br />Totals 1$ 500,0001$ 500,0001 <br /> <br />Proj ect Fundl ng <br />Other <br />Amount Source <br /> <br />Status <br /> <br />. <br /> <br />BACKGROUND INFORMATION: <br />a. 198U popu1atlon: <br />b. # L/M Persons: <br />c. ~ L/M Persons: <br />d. Current Co. Unempl. ~: <br />e. 3 Year Co. Unempl. ~: <br />f. Assessed Valuation: <br />g. Mill Levy/Overlapping: <br />h. Bonded Indebtedness: <br />i. Sales Tax ~/Revenue: <br /> <br />308 <br />153 <br />50 <br />13.5~ (Conejos Co.) <br />17.1~ (Conejos Co.) <br />$393,870 <br />7.774/ <br />$124,000 <br />1%/$1,000 <br /> <br />. <br /> <br />************************************************************************************** <br />PROJECT REVIEW FACTORS <br /> <br />L I M I H I I <br />1. PROJECT IMPACT X I I I I <br />I <br />a. Low/Mod Income Amount of and percentage of housing 'funds directly benefit- I <br />Benefit ting L/M income persons is high (lOot). Applicant projects al <br />92% benefit to L/M income persons for the street improve- I <br />ments. I <br />I <br />1 <br />b. Need and Extent A need for housing rehab has been identified; however, I <br />Addressed applicant proposes to rehab 58 owners housing units within a I <br />9 month timeframe. The timeframe for completion is very I <br />ambitious and the amount of 'funds budgeted for individual I <br />rehab work appears inadequate for substantial rehab. I <br />I <br />I <br />c. Consistency/ Consistent with Community Development Plan. I <br />Coordination I <br />I <br />I <br />