 Welcome to the Cal Home Disaster Assistance Loan Program Overview. I'm Nancy Manchester, Program Specialist with the Department of Housing and Community Services of the City of Santa Rosa. The program was created via a grant to the Housing Authority of $1.2 million by the State of California Housing and Community Development Department, or HCD, for disaster recovery loans. The purpose of the loans is to provide gap funding loans for up to $100,000 per household, and the money is to be used to rebuild or rehabilitate homes in the Coffee Park area damaged or destroyed in the 2017 wildfires. So the eligibility area for the program is roughly the Coffee Park Resilient City Zone, and you can see that's kind of a small map. There's another map on page 26 of your application packet that doesn't go down to the minute street detail, but it gives you a pretty good idea of where we're focusing the program. To be an eligible household, you have to be earning 80% or less than the area median income, and that's adjusted for household size. You have to have owned and occupied the home at the time of the fire, and you have to have all your other reconstruction or rehabilitation funds in place. So like I said before, it's gap funding only. The eligible costs are the actual rehab or reconstruction of your property, permits or related government fees, consultant services like architects and engineers, and non-recurring loan closing costs. The loan terms are 3% central simple interest for a 30-year term, and those are deferred payment. You have to own and occupy the property for the term of the loan. We will ask you to verify that in writing annually, and the loan is not assumable, so you would have to pay it off when you sell the home. Applications will be accepted starting on March 18th and will go through April 15th. If we don't get sufficient applications by April 15th, we may extend that deadline. There are paper applications here, I think most of you picked one up, or you can get it online at the city's website. You can pick them up at the City Hall Annex or at the city manager's office, and you can submit it by mail or in person. And that would go to the Housing and Community Services Department, Attention Cal Home Disaster Assistance Loan Program, and that's at 90 San Rosa Avenue. That's right across from the Roxy Theater, it's called the City Hall Annex, if you've ever heard that reference. And then the zip code is 95404. Applications will be processed on a first-come, first-served basis, and that will be based on the date that we receive your application, combined with the date that your application is deemed complete. And completeness means all the required information has been provided to us, and we will confirm that in writing to you that we have everything we need to go ahead and process your application. A list of all the required information is in the application form for you to refer to. So successful boroughs will be notified in writing as loans are approved, and we anticipate having that process, or at least started making the first couple of loans by the summer. So some frequently asked questions, and then I'll open it up for other questions you may have. Title to my home is in a revocable or non-revocable trust. Am I eligible? Yes. You can still apply for a loan. You should look at the program guidelines. For the most part, you have to have the authority to encumber the home as the trustee. I have a reverse mortgage. Am I eligible to apply for a loan? No. State statutes do not allow those with reverse mortgages to qualify. I have bad credit. Am I eligible for a loan? We might approve your loan based on an analysis of the circumstances that led you to have bad credit. So that would probably require a written explanation of whatever the issues were that led you to that place. And how do I access the money? Well, funds will be placed in escrow, and then progress payments are made by the title company as you approve progress disbursements to your contractor. It's probably a process that you might already be familiar with from most of any rebuild activities. For more information, a loan application, and a list of frequently asked questions, including those asked at the community meeting, please visit the city's website at srcity.org slash rebuilding financial assistance.