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Planning and Building Department, Planning Division, Long Range Planning, Housing Unit, recommending the Board:
1) Authorize the Director of the Planning and Building Department to disencumber $983,000 for the Home Program Award Grant 19-HOME-14977 from State of California Department of Housing and Community Development;
2) Adopt and authorize the Chair to sign Resolution 049-2024 for the submittal of a 2024 HOME Investment Partnerships Program application to the State of California Department of Housing and Community Development to provide up to $1,500,000 as funding for First-Time Homebuyer Program and Owner-Occupied Rehabilitation Program; and
3) If awarded, authorize the Director of the Planning and Building Department, or designee, contingent upon approval by County Counsel and Risk Management, to execute the grant agreement and subsequent amendments thereto that do not affect the dollar amount and to sign other grant-related documents.
FUNDING: Federal Home Investment Partnerships Program Grant Funds.
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DISCUSSION / BACKGROUND
The State of California Department of Housing and Community Development (Department) issued a Notice of Funding Availability (NOFA) dated January 19, 2024, for the HOME Investment Partnerships Program (HOME).
Eligible applicants for HOME grant assistance include a city or county that does not receive a direct allocation of HOME funds from the United States Department of Housing and Urban Development (HUD).
The County was previously awarded $983,000 for HOME funding (Grant No. 19-HOME-14977) from State of California Department of Housing and Community Development (HCD) on January 25, 2022 (File No. 22-0063, Item No. 19) in the amount of $1,350,000; $450,000 for Tenant Based Rental Assistance (TBRA) and $900,000 for First-Time Home Buyer (FTHB).
In July of 2022, the State of California’s HOME Program was suspended by HUD because it required substantial updates to its FTHB program policies. This suspension affec...
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