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UID:Indybay-44553
SEQUENCE:44553
CREATED:20040811T095800Z
DESCRIPTION: WORKING ON  S O L U T I O N S   U N I T E D              Supportive  &   
 Affordabble   Housing  Bond                  Y e s   o n   P r o p o s i t 
 i o n   A  Supportive, affordable, rental and homeownership  This is a $200 
 million affordable housing bond that will be presented to voters on the 
 November ballot, that will create affordable housing opportunities at all 
 income levels.  The proposal tragets three specific types of programs with 
 the homeownership component containing two subprograms:            Y e s   
 o n   P r o p o s i t i o n   A  $90 million Supportive Housing  Targeted 
 population:   Extremely low income individuals and families who are 
 homeless or at risk of homelessness.   Targeted Household income:  0-30% of 
 area median income (AMI)  Type of Assistance:  Loan or Grants to housing 
 developers            Y e s   o n   P r o p o s i t i o n   A  $60 million 
 Affordable Rental Housing  Targeted population:   Low and very low income 
 households  Targeted Household income:  0-60% of (AMI)   Type of 
 Assistance:  Loan or Grants to housing developers          Y e s   o n   P 
 r o p o s i t i o n   A                  H o m e o w n e r s h i p  $25 
 million Housing Purchasing Assistance  Targeted population:   Low income 
 and moderate income first time homebuyers  Targeted Household income:  
 60-100% of area median income (AMI)  Type of Assistance:  Deferred 
 repayment loans to first time homebuyer households            Y e s   o n   
 P r o p o s i t i o n   A  $25 New Housing Developements  Targeted 
 population:   Low income and moderate income first time homebuyers  
 Targeted Household income:  60-90% of area median income (AMI)  Type of 
 Assistance:  Loans to housing developers    The loan will be committed to 
 qualified developers over a five-years period.  Home purchase assistance 
 funds will be available on a first-come first served basis to qualifying 
 housholds, and will probably be disbursed in less tha five years.  The 
 Mayor's Office of Housing expects that about 3,359 affordable housing units 
 will result from the program.  Because loans made under the programs will 
 usually be deferred repayment loans with terms of up to 50 years, the loand 
 must be repaid by the tax levy authorized for general obligation bonds.  
 When repayments are eventually received, they will be programmed to make 
 anew lons, enabling the program to assist multiple borrowers indefinitely 
 into the future.         V o t e   Y e s   o n   P r o p   A  Love it, 
 enable it, support it, endorse it, help it, donate money to it, donate your 
 time to it, enjoy it and talk about it to family, friends, neighborgs and 
 strengers as a conversation piece  Have any questions?    whant to help?   
 want to donate? or just come and visit?  Call us:               V o t e   Y 
 e s   o n   P r o p   A  We have many people ready to answer your call      
 Give us a call to:         4 1 5 - 8 6 3 - 6 5 6 6  Send mail to:  Prop A  
 Bond  409 Clayton SF 94117   E-mail us to:  write to us at 
 SFIC98@pacbell.net        Ana B.   \n 
 https://www.indybay.org/newsitems/2004/08/11/44553.php
SUMMARY:Yes on Prop A
LOCATION:Prop A Bond  Mercy Housing  1360 Mission St./9th Street.  
URL:https://www.indybay.org/newsitems/2004/08/11/44553.php
DTSTART:20040811T190000Z
DTEND:20040811T200000Z
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