File #: 04-00584    Version: 1
Type: Agenda Item Status: Passed
File created: 6/3/2004 In control: BOARD OF SUPERVISORS
On agenda: 6/15/2004 Final action: 6/15/2004
Title: Consider recommendations regarding an Update of Affordability Provisions for 2105 Summerland Heights Lane, Summerland, First District, as follows: a) Approve the update of the affordability provisions of the real property located at 2105 Summerland Heights Lane, Assessor Parcel No. 005-680-019, from Very Low (50%) of Area Median Income to Upper-Moderate (above 100-120 %) of Area Median Income; b) Approve the affordability encumbrance of the property for an additional 45 years from the date of transfer to a new owner.
Sponsors: HOUSING AND COMMUNITY DEVELOPMENT
Attachments: 1. Board Letter
Title
Consider recommendations regarding an Update of Affordability Provisions for 2105 Summerland Heights Lane, Summerland, First District, as follows:
 
a)  Approve the update of the affordability provisions of the real property located at 2105 Summerland Heights Lane, Assessor Parcel No. 005-680-019, from Very Low (50%) of Area Median Income to Upper-Moderate (above 100-120 %) of Area Median Income;
 
b)  Approve the affordability encumbrance of the property for an additional 45 years from the date of transfer to a new owner.    
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