HomeMy WebLinkAboutMinutes Corpus Christi Community Improvement Corporation/Loan Review Committee - 01/20/2016 CORPUS CHRISTI COMMUNITY IMPROVEMENT
CORPORATION
LOAN REVIEW COMMITTEE .......... ......... ......11�111' �11 alIIIA
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January 20, 2016
MINUTES
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STAFF PRESENT
Felicia Lopez, Loan Processor
Melissa DeLeon, management Aide
MEMBERS PRESENT MEMBERS ABSENT
Alice Vaughn (Chairwoman) Maria Clarissa Lopez-Briseno
Barry Lobell
David Cantu
Monique Espinosa
Cathy Mehne
Call to Order:
Melissa DeLeon, Management Aide, called the meeting to order at 12:10p.m., 1st Floor
Staff Conference Room, 1201 Leopard St., of City Hall.
Roll Call:
Mrs. Melissa DeLeon called roll reflecting five (5) members present.
Approval of Minutes: 5
A motion was made to approve the minutes for JaAuaPj-20-,-241-&- by board member Mr.
David Cantu and seconded by board member Ms. Cathy Mehne. Chairwoman Alice
Vaughn moved to accept the minutes as written. Motion carried.
Single Family Loan Requests:
Rqdy R. & Gloria G. Trevino-
Mrs. Felicia Lopez presented a revised loan application for Rudy R. & Gloria G. Trevino,
4726 Rogerson that was previously approved, under the Demo Replacement Loan
Program for $89,990.00. Right before closing, it was discovered that medically they
were in need of an additional half bath. They will have an 884 sq. ft., 2 bedrooms, 1 1/2
bath home constructed. Mr. & Mrs. Trevino will be receiving a 3% loan in thea ount of
$51,190.00, with a $25,000 Deferred Forgivable loan. Also, included is a $7,000
Relocation Grant and a Demolition Grant in the amount of$6,800. Leaving the total loan
amount to be $89,990.00.
Mrs. Lopez recommending this loan for re-approval, states that their credit remained the
same. Their purposed housing ratio is 13% and debt to income is 22%. Their new home
payment will be $290.82.
A motion was made by board member Mr. David Cantu to approve the loan as
presented, and seconded by board member Mr. Barry Lobell. Chairwoman Alice
Vaughn states it's been moved and seconded that this loan has been approved as
presented. She then asked if there was any further discussion regarding this loan
application.
ADJOURN:
A motion to adjourn was made by Barry Lobell and seconded by David Cantu. Motion
passed unanimously.