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<br />STAFF RECOMMENDATION <br /> <br />Staff concurs W'ith the Housing Commission's recommendation and recommends that the <br />Council revieW' the proposed revisions to the DoW'n Payment Assistance program and approved <br />per the attached modifications (W'hich reflect the Commission's recommendation). <br /> <br />As an altemative the Council may consider removing the first-time buyer requirement altogether <br />to open the DP A program to all income-eligible buyers as originally recommended by staff. <br /> <br />Respectfully Submitted, <br /> <br />IL0 <br /> <br />~~'6 ~ <br /> <br />Steven Bocian <br />Assistant City Manager <br /> <br />Nelson Fialho <br />City Manager <br /> <br />Attachments: <br />1. DPA Program Guidelines (With Proposed Modifications) <br />2. Excerpt of the Minutes for the Housing Commission Meeting of October 20,2005 <br />3. Letter to CalHFA (Dated September 15,2005) <br />4. Letter from CalHFA (Dated October 27,2005) <br /> <br />CCSR DPA mods 120605.doc/SFE <br />11/30/05 9:20 AM <br /> <br />SR:05 :330 <br />