SEC. 32.43. DESIGNATION OF RESIDENTIAL REHABILITATION AREAS BY THE BOARD OF SUPERVISORS.

   Residential Rehabilitation Areas shall be so designated by resolution of the Board of Supervisors following a public hearing and findings that:

   (a)   There is a substantial number of deteriorating structures in the area which do not conform to rehabilitation standards;

   (b)   Low-cost, long-term property owner loans are necessary to arrest the deterioration of the area; and

   (c)   Based upon currently available data and past experience with residential rehabilitation assistance projects (including experience with federally assisted code enforcement areas), financing of residential rehabilitation in the area is economically feasible.

(Added by Ord. 23-74, App. 1/9/74)

SEC. 32.44. PLAN FOR PUBLIC IMPROVEMENTS.

   With the participation of the Citizens Advisory Committee, and in consultation with other relevant City and County agencies, the Director of Planning shall develop a proposed plan for public improvements for each Residential Rehabilitation Area. The proposed plan for public improvements for each area shall include all items the Director of Planning deems necessary to the successful rehabilitation of the Residential Rehabilitation Area and shall include consideration of health, recreation, child care, education, culture and safety facilities and services. The Director of Planning shall submit the proposed plan for public improvements in a Residential Rehabilitation Area to the Board of Supervisors. Prior to submittal of the plan for public improvements to the Board of Supervisors, the Director of Planning shall transmit it to the Citizens Advisory Committee for its recommendations. The Citizens Advisory Committee's recommendations shall be transmitted to the Board of Supervisors along with the proposed plan. The Board of Supervisors shall consider the plan at a public hearing. After such modification of the proposed plan, if any, as the Board of Supervisors deems necessary, the Board shall adopt a plan for public improvements for that area.

(Added by Ord. 23-74, App. 1/9/74)

ARTICLE VI: LIMITATIONS ON AMOUNT OF LOAN

 

Sec. 32.50.	Maximum Indebtedness on Property.
Sec. 32.51.	Maximum Amount of Loan.
Sec. 32.52.	Limitations on Use of Loan for General Property Improvements.
Sec. 32.53.	Refinancing.
Sec. 32.54.	Limitation Based on Fair Market Value of Work.

 

SEC. 32.50. MAXIMUM INDEBTEDNESS ON PROPERTY.

   Outstanding loans on the property to be rehabilitated, including the amount of the loan for rehabilitation, shall not exceed 80 percent of the anticipated after-rehabilitation value of the property to be rehabilitated, as determined by the Chief Administrative Officer, except that the Chief Administrative Officer may authorize loans of up to 95 percent of the anticipated after-rehabilitation value of the property if:

   (a)   Such loans are made for the purpose of rehabilitating the property for residential purposes;

   (b)   There is demonstrated need for such higher limit; and

   (c)   There is a high probability that the value of the property will not be impaired during the term of the loan.

(Added by Ord. 23-74, App. 1/9/74)

SEC. 32.51. MAXIMUM AMOUNT OF LOAN.

   The maximum loan for rehabilitation shall be as follows: single family, $30,000; twounits, $10,000 per unit; four or more units, $7,500; commercial, $5,000 per unit; guest rooms, as defined in Section 203.7 of the Housing Code, $2,500 per unit.

   The Chief Administrative Officer may approve a loan in excess of these amounts following guidelines established by the Chief Administrative Officer; provided, that in no case may the loan exceed $17,500 per unit for dwelling units other than in single family dwellings and $11,500 per unit for guest rooms.

(Amended by Ord. 30-78, App. 1/13/78)