HomeMy WebLinkAboutAGENDA REPORT 1999 0217 CC REG ITEM 10KI'T'EM 0
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CITY OF MOORPARK
AGENDA REPORT
TO: Honorable City Council
FROM: Nancy Burns, Senior Management Analyst
DATE: January 29, 1999 (Meeting of February 17, 1999)
SUBJECT: Consider Co- Sponsorship of First -time Home Buyer
Workshops
Background
Cabrillo Economic Development Corporation (CEDC) provides home ownership
counseling for Low and Very Low Income first time buyers. In June 1998, the
organization sponsored a set of First -time Home Buyer Workshops in Moorpark, with
approximately twenty -six (26) individuals in attendance. One of those who completed
the June workshops has since become a homeowner in Moorpark. Participants
continue to receive personal counseling from CEDC staff after the workshop.
Discussion
CEDC anticipates providing two (2) or three (3) sets of First -time Home Buyer
Workshops this year in Moorpark, the first of which tentatively has been scheduled for
April 10 and 17, 1999. The HUD - certified program enables those who complete the set
of workshops to receive a discount on mortgage insurance if they obtain an FHA loan,
and can add two to three (2 -3) points to their overall credit score.
The City has been asked to waive the fees normally charged for a room in the
Community Center on two consecutive Saturdays in April, to enable CEDC to provide
the training here. (Letter attached.) There is no charge to participants for the program.
Fees to a non - profit organization such as CEDC for a group of the size anticipated (25-
35 people) would normally be twenty -five dollars ($25) per hour, for a total of five
hundred dollars ($500) for two ten hour days, including set -up time and clean -up after
the workshop.
AGNDARPT /Gabrillo Request for Room Waiver of Fees - January 29, 19WOV03M
00020S
The City may wish to co- sponsor this training, to encourage potential home buyers to
prepare themselves for the responsibilities of home ownership. (The City's Down
Payment Assistance Program using HOME funds requires participants to receive HUD -
approved home buyer counseling.)
Recommendation
Direct staff as deemed appropriate.
AGNOARPT/Cabrillo Request for Roam Waiver of Fees- January 29, 1999-02/03/99
000207
PRESIDENT
DAVID J. SABEDRA
Channel Islands
National Bank
VICE PRESIDENT
MARLA SANDALL
Community Representative
Apricot Ranch
Simi Valley
TREASURER
KENNETH R. MERIDETH
Scares, Sandell,
Bernacchi & Petrovich
SECRETARY
SISTER CARMEN RODRIGUEZ
St. John's
Community Outreach
Oxnard
RENE CORADO
Community Representative
Casa Velasquez
Camarillo
RICHARD FRANCIS
Attorney
ERNIE MORALES
Community Representative
Rllmore
JESSICA MURRAY
Community Representative
Montgomery Oaks Community
Homes, Inc., Ojai
DEAN A. PALIUS
People Helping People
ADVISORY BOARD
RON L. HERTEL
Hertel Constructors
BARBARA JOURNET
Community Representative
Oxnard
BARBARA MACRI -ORTIZ
Channel Counties
Legal Services
Assaciat on
RICHARD McNISH
Strathmore Homes
AL ZAPANTA
Atlantic Richfield
C-1P"
RODNEY E. FERNANDEZ
011-1
A United Way Agency
January 29, 1999
Ms. Nancy Burns
City of Moorpark
799 Moorpark Avenue
Moorpark, CA 93021
Dear Nancy:
Cabrillo Economic Development Corporation
11011 Azahar Street, Saticoy, California 93004 (805) 659 -3791 Fax (805) 659 -3195
RECEIVED
FEB -1 jg99
amity of .kloorpark.
�dministrativ� Sefvices Department
This letter is to request authorization to use one of City's community meeting rooms to
conduct an eight hour workshop for first -time home buyers. The workshop is held in
two four -hour sessions. The proposed dates are April 10 and April 17 from 8:00 to
noon in English and 1:30 -5:30 in Spanish. The purpose of the workshops is to
promote home ownership and walk families and/or individuals through the process of
purchasing a home. Some topics include loan processing, importance of good credit,
availability of mortgage products, budgeting, and home maintenance. The participants
will receive a certificate of completion at the end of the course. Because there is no
charge to the participants, we are respectfully requesting that the City waive any fees
for the use of the facility, including the kitchen. The kitchen will only be used to rinse
our coffee pot. We anticipate a minimum of 25 -35 people per session.
It is our intention to conduct at least two other workshops throughout this year.
Should you have any questions, please feel free to call me and thank you again for your
consideration.
Sincerely,
Bertha M. Garcia
Counseling Manager
Via fax: 529 -8270
A community economic development corporation serving Ventura County
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