Council File: 07-2438 Subscribe via emailPrint this recordPublic Comment

Title
EMERGENCY FORECLOSURE ASSISTANCE PROGRAM / ESTABLISH
Subject
Motion - THEREFORE MOVE THAT THE CITY COUNCIL, instruct the General Manager, Los Angeles Housing Department (LAHD) to: 1. Report to the Housing and Community and Economic Development (HCED) Committee within 30 days on the development of an Emergency Foreclosure Assistance Program, including eligibility criteria. 2. Dedicate $5 million from the Affordable Housing Trust Fund to implement the Emergency Foreclosure Assistance Program.
Date Received / Introduced
08/01/2007
Last Changed Date
12/23/2008
Expiration Date
11/04/2010
Reference Numbers
City Administrative Officer 0220-04443-0001
Mover
RICHARD ALARCON
Second
HERB WESSON, JR.
File Activities
Date Activity  
12/23/2008 File closed.
11/25/2008 Mayor transmitted Council File to City Clerk.
11/24/2008 Mayor concurred with Council Action of November 18, 2008. Click to view online docs
11/20/2008 City Clerk transmitted file to Mayor. Last day for Mayor to act is December 1, 2008.
11/18/2008 Council adopted Housing, Community and Economic Development Committee report as amended; verbal motion (Rosendahl-Reyes) adopted. Click to view online docs
11/04/2008 City Clerk scheduled item for Council on November 18, 2008. Click to view online docs
10/29/2008 Housing, Community and Economic Development Committee approved item(s) . Click to view online docs
10/29/2008 City Administrative Officer document(s) referred to Housing, Community and Economic Development Committee. Click to view online docs
10/28/2008 Document(s) submitted by City Administrative Officer, as follows:

City Administrative Officer report 0220-04443-0001, dated October 28, 2008, relative to the Los Angeles Housing Department requesting approval of the results of the Homeownership Foreclosure Assistance Program Request for Proposals process and authority to execute a contract with the Los Angeles Neighborhood Housing Services.
Click to view online docs
10/24/2008 Housing, Community and Economic Development Committee scheduled item for committee meeting on October 29, 2008. Click to view online docs
10/15/2008 Housing, Community and Economic Development Committee continued item to/for . Click to view online docs
10/10/2008 Housing, Community and Economic Development Committee scheduled item for committee meeting on October 15, 2008. Click to view online docs
09/09/2008 Housing Department document(s) referred to Housing, Community and Economic Development Committee. Click to view online docs
09/08/2008 Document(s) submitted by Mayor, as follows:

Housing Department report, dated July 29, 2008, relative to a request for approval of funding recommendations for the Homeownership Foreclosure Assistance Request for Proposals (RFP) and authorization to execute corresponding contract.
Click to view online docs
File History
8-1-07 - This day's Council session
8-1-07 - Ref to Housing, Community and Economic Development Committee
8-1-07 - File to Housing, Community and Economic Development Committee Clerk
8-17-07 - Council Action - Housing, Community and Economic Development Committee report ADOPTED *AS AMENDED to:
1. INSTRUCT the General Manager, Los Angeles Housing Department (LAHD), or designee, *City Administrative Officer and Chief Legislative Analyst to report to the Housing, Community, and Economic Development Committee within 30 days relative to developing an Emergency Foreclosure Assistance Program, including eligibility criteria and options for funding. (*Alarcon - Wesson)
2. INSTRUCT the Chief Legislative Analyst (CLA) to report to the Housing, Community, and Economic Development Committee within 30 days relative to:
a. Locating $100,000 in City funds to augment the efforts and services of Operation HOPE, or another organization, to provide mortgage assistance services to City residents.
b. Determining whether or not the City should partner with a lending institution or fund to provide mortgage assistance services to City residents.
c. Determining whether or not the City should establish and maintain a loan loss reserve fund to protect City residents against mortgage default.
8-31-07 - File to Housing, Community and Economic Development Committee Clerk OK
9-5-07 - File in files

Scroll Vote Left Council Vote Information (2 Votes) Scroll Vote Right

Meeting Date: 11/18/2008
Meeting Type: Regular
Vote Action: Adopted
Vote Given: (12 - 0 - 3)
Member Name CD Vote
RICHARD ALARCON 7 ABSENT
TONY CARDENAS 6 YES
ERIC GARCETTI 13 YES
WENDY GREUEL 2 YES
JANICE HAHN 15 ABSENT
JOSE HUIZAR 14 YES
TOM LABONGE 4 YES
BERNARD C PARKS 8 YES
JAN PERRY 9 YES
ED REYES 1 YES
BILL ROSENDAHL 11 YES
GREIG SMITH 12 ABSENT
JACK WEISS 5 YES
HERB WESSON 10 YES
DENNIS ZINE 3 YES