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Department of Human Services recommending conceptual approval to submit two HOME Investment Partnerships Program Grant applications to the California Department of Housing and Community Development under the 2010 Notice of Funding Availability:
1) Program Activities allocation application in an amount up to $800,000 to provide additional funding resources for the ongoing County Housing Rehabilitation and First-Time Homebuyer Loan Programs; and
2) Rental Project allocation application in an amount up to $5,000,000 for an affordable rental housing project on behalf of Mercy Housing California.
FUNDING: Federal HOME Grant Funds.
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Fiscal Impact/Change to Net County Cost: There is no cost associated with the application process, other than the staff time to complete the grant application. No County match will be required for the HOME grant if funded.
Background:
The County's Housing Rehabilitation program was established in 1994 through a California State Department of Housing and Community Development (HCD) Community Development Block Grant (CDBG) award approved for submittal on April 5, 1994 by Board of Supervisors Resolution #86-94. The County established a First-Time Homebuyer Program with an HCD CDBG application approved for submittal on February 4, 2003 by Board of Supervisors Resolution #024-2003. Through subsequent CDBG and HOME grant awards, the County has continued to provide loans to low-income persons in the unincorporated area of El Dorado County. To date, the First Time Homebuyer Program has provided $1.88 million in loans to twenty-three (23) low-income homebuyers and has a wait list with one hundred forty-seven (147) eligible households. The Housing Rehabilitation Program has provided $1.78 million in loans to sixty-four (64) homeowners to eliminate health and safety hazards, and has a wait list of seventy-six (76) homeowners.
In addition to programs funded by the HOME Program, the County has supported the development of affordable h...
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