File #: 07-00210    Version: 1
Type: Agenda Item Status: Passed
File created: 3/1/2007 In control: BOARD OF SUPERVISORS
On agenda: 3/13/2007 Final action: 3/20/2007
Title: Consider recommendations regarding the update of affordability provisions and encumbrance for 24 South Glen Annie, Third District, as follows: a) Approve the update of affordability provisions of the real property located in Pacific Glen at 24 South Glen Annie (APN 073-480-025) from Upper Moderate (100-120% of Area Median Income) to Workforce (121-150% of Area Median Income); and b) Approve the affordability encumbrance of the property for an additional 45 years from the date of transfer to the new owner.
Sponsors: HOUSING AND COMMUNITY DEVELOPMENT
Attachments: 1. Board Letter
Title
Consider recommendations regarding the update of affordability provisions and encumbrance for 24 South Glen Annie, Third District, as follows:
 
a) Approve the update of affordability provisions of the real property located in Pacific Glen at 24 South Glen Annie (APN 073-480-025) from Upper Moderate (100-120% of Area Median Income) to Workforce (121-150% of Area Median Income); and
 
b) Approve the affordability encumbrance of the property for an additional 45 years from the date of transfer to the new owner.
 
Body
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