HomeMy WebLinkAboutItem 3.1 LeasePurchaseHomeProg CITY CLERK
AG EN DA STATEMENT
CITY COUNCIL MEETING DATE: January 20, 2004
SUBJECT: Presentation on the Lease-Purchase Home Ownership Program by
representative of Association of Bay Area Governments (ABAG)
Report Prepared by Julia Abdala, Housing Specialist
ATTACHMENTS: None
RECOMMENDATION:/~ View Presentation.
FINANCIAL STATEMENT: None at this time.
DESCRIPTION:
In November 2003 City Council requested information on the Bay Area Lease-Purchase Home Ownership
Program. In response to this request, Clarke Howatt of ABAG will make a brief presentation on the
Lease-Purchase Home Ownership Program administered by California Home SourCe. This program
assists with home purchases to lower-income households by purchasing the home for them and providing
a leasing that transitions into ownership in 39 months.
COPIES TO: Stacey Wells, League of CA Cities
ITEM NO. ~
FSDocuments from old computer, Agreements & StaffRpts\CC Staff Report. Lease Purchase Pgm 1-20-04.doc