Title
HEARING - Chief Administrative Office, Economic Development Division, Housing, Community and Economic Development Program recommending the Board consider the following:
1) Conduct a public hearing to consider adoption of Resolution 026-2014 amending the County’s Community Development Block Grant (CDBG) Program Housing Rehabilitation Loan Program Guidelines to comply with the California Department of Housing and Community Development program requirements; and
2) Authorize the Assistant Chief Administrative Officer, or designee, to submit the amended CDBG Housing Rehabilitation Loan Program Guidelines to the State Department of Housing and Community Development for approval and administer the Program on behalf of the County. (Est. Time: 5 Min.)
FUNDING: Federal Department of Housing and Urban Development and County Community Development Block Grant Revolving Loan Funds (Federal Funds).
Body
Fiscal Impact/Change to Net County Cost:
No change to Net County Cost.
Background:
The Housing, Community and Economic Development Block Grant Program (HCED), under the Chief Administrative Office, receives various Community Development Block Grant (CDBG) grants on behalf of the County to fund loan activities for Housing Rehabilitation, Housing Acquisition and Business Expansion and Retention. These programs help improve housing and employment conditions among eligible low-income residents of the county. Each CDBG-eligible activity is required to have County and State approved program guidelines.
The Board adopted the current Housing Rehabilitation Loan Program Guidelines in 2011. Amended program guidelines are being sought to update program activities, reflect changes in state law since 2011 and amend the approval process for loan subordination requests.
Reason for Recommendation:
Amendments to the Housing Rehabilitation Loan Program Guidelines must follow the proper CDBG Citizen Participation Public Hearing process. In addition, the State Department ...
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