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Fiscal commission votes to forward DPA report to council with corrections
Summary
The fiscal commission voted unanimously to place the down payment assistance memo on next month's consent calendar for transmission to City Council, asking staff to correct a numeric example and add a short executive summary and references to existing state and federal DPA programs.
The fiscal commission voted unanimously to forward a subcommittee's down payment assistance (DPA) research memo to the City Council, with two requested corrections: add a concise executive summary and fix a numeric example in the memo''s scenario calculations. Staff said the council previously adopted an ordinance establishing authority to run a DPA program but that the ordinance currently has no program rules or funding attached.
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