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APPLICANT: Town of Otis (Town of Akron) APPLICATION NO: 85-613 OVERALL STAFF RATING Low Medium-Minus - Medium Medium-Plus X High PROJECT TITLE: Otis-Akron Community Development Block Grant Housing Rehabilitation Program AMOUNT REQUESTED: $472,000 PROJECT TYPE: X SP MP X MJ PROJECT DESCRIPTION: . Housing rehabilitation program for the rehabilitation of about 35 single family owner-occupied housing units, about 17 within the Town of Otis and about 17 within the Town of Akron, for the benefit of low/moderate income households. PROPOSED PROJECT ACTIVITIES AND BUDGET IBrd.ICDBGI I Project INat.I$L/M1 Project I State I Acti vi ti es - I Obj. I % I Costs 1 CDBG 1 I I I I I Hsg. Rehabi1itationlL/M 1100%1$ 413,0001$ 413,0001 1 'I I I Administration 1 I 1 71,0001 59,0001$ 1 1 I 1 I 1 1 I 1 I I I 1 , , 1 I 1 I 1 I I 1 1 1 I I 1 1 I , I 1 1 I 1 1 1 1 I I 1 1 I I 1 I I I 1 Totals I~ 484,OOOI~ 472,OOOI~ Project Funding Other Amount I Source I 1 I 2,OOOIOtis/Akron 10,OOOIOtis/Akron I 1 I , I I , 1 I 12,0001 I Status I 1 I I Cash-Firm 'In-Kind I I I I I 1 I I 1 . BACKGROUND INFORMATION: a. 1980 population: b. # L/M Persons: c. % L/M Persons: d. Current Co. Unemp1. %: e. 3 Year Co. Unemp1. %: f. Assessed Valuation: g. Mill Levy/Overlapping: h. Bonded Indebtedness: i. Sales Tax %/Revenue: Oti s Akron "S'34 1 , 71 6 301 629 54.43 37.2 4.0 (Washington Co.l4.0 (Washington Co.l 4.8 (Washington Co.l4.8 (Washington Co.l $1,241,075 $5,557,135 21.247/96.304 42.15/96.827 $304,000 $31 ,000 1%/$8,000 1%/$90,000 ************************************************************************************** PROJECT REVIEW FACTORS . a. Low/Mod Income Benefit L I M I H I I I X 1 The portion of funds directly benefitting L/M income persons 100%, with principal assistance considertion to low income persons. 1 1 I I I 1 I An identified need for owner-occupied houslng rehab. has beenl established. A sliding-scale, deferred-loan program (repay- 1 ments from zero to full amount) would assist those house- I holds exhibiting ,the greatest need as determined by house- I hold income and condition of structure. Priority considera- I tion would be given to low-income households. program-incomel will be used to continue ~rogram. I Proposed actions are conslstent with community development 1 plan and local development strategies. I I I I 1. PROJECT IMPACT b. Need and Extent Addressed c. Consistency/ Coordi nati on - ,I