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Planning and Building Department, Long Range Planning, Housing, Community and Economic Development Program, recommending the Board:
1) In accordance with Board Policy A-6, accept the grant award for Home Investment Partnerships Program Grant 19-HOME-14977 in the amount of $983,000 for the County’s ongoing First-Time Homebuyer Loan Program and a new Tenant Based Rental Assistance Program; and
2) Authorize the Chair to execute a letter for submittal to the California Department of Housing and Community Development authorizing the Planning and Building Department Director, Karen Garner, or successor, to execute all National Environmental Policy Act documents associated with the Home Investment Partnerships Program Grant activity.
FUNDING: Federal Home Investment Partnerships Program Grant Funds.
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DISCUSSION / BACKGROUND
The County’s First-Time Homebuyer Program was established through a California State Department of Housing and Community Development (HCD) Community Development Block Grant (CDBG) award approved for submittal on February 4, 2003, by Board of Supervisors Resolution #024-2003. Through subsequent CDBG and HOME Investment Partnership program (HOME) grant awards, the County has continued to provide low-interest, deferred payment loans to low-income persons in the unincorporated area of El Dorado County. The Housing, Community and Economic Development (HCED) Program, under Long Range Planning, is the administrator for the grant program. To date, the First Time Homebuyer Program has provided $5.4 million in loans to sixty-two (62) low-income homebuyers and has a wait list of 56 interested households. The continuation of the First-Time Homebuyer Loan Program supports the goals of the General Plan Housing Element Policy HO-1.22 "to continue to support a first-time homebuyer’s program.”
In response to the federally declared disaster on March 13, 2020, due to the COVID-19 pandemic, the County of El Dorado was able to amend its 2019 HOME applicat...
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