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Commissioner Lopez questioned whether the$118,000 in LIHF could be increased to allow for the full$119,500 requested in funding. Commissioner Casey indicated that he thought there was approximately$16 million total in the Lower Income Housing Fund at the present time with$10 million of it being earmarked for the Kottinger Gardens project. Mr. Bolan advised the City typically does not pre-establish a targeted amount from the LIHF to be used to fund HHSG applications but rather the amount Is reviewed each year in conjunction with the applications that are received. Chairperson Welsh was advised by Mr. Erickson that most of the agencies did not receive 100% of their requested amounts in 2013. Commissioner Casey questioned whether any remaining HOME funds ate uncommitted. Mr. Erickson responded that the rationale In staffs overall recommendation is to ensure that all uncommitted HOME funds are committed as quickly as possible so that they do not revert to the County. He further advised that the challenge for the City is that the only a small amount of HOME funds are received each year and it is difficult for the City to accumulate enough funding to put toward a major project while still meeting timeliness guidelines and related requirements. Chairperson Welsh dosed the meeting for agency presentations at 7:45 p.m. Commissioner Mermelstein had questions pertaining to the impact of utilizing Lower Income Housing Funds. Commissioner Lopez suggested increasing the CRIL funding to the full amount requested ($14,494). Mr. Bocian advised Commissioner Casey that it might be possible to use kinds from the LIHF to meet some of the funding requests. Commissioner Casey indicated he was thinking of the possibility of agencies asking for a line of credit from the LIHF. Mr..Erickson suggested staff provide information to the Commission at a later meeting and Commissioner Casey agreed he would like staff to bring some recommendations to the Commission for consideration. Mr. Bocian discussed the City of Pleasanton's current policy on loans and monies going back into the program making more funds available. A motion was made by Commissioner Lopez, seconded by Commissioner Casey, recommending approval of the staff recommendation with the exception of CRIL being Increased to $14,494. ROLL CALL VOTE: AYES: Commissioners Casey, Lopez, Mermelstein; and Chairperson Welsh. NOES: None ABSENT: None ABSTAIN: None Page-4-