Title
Chief Administrative Office and Health and Human Services Agency recommending the Board conceptually approve the transfer of Housing, Community and Economic Development (HCED) programs to the Office of Economic Development within the Chief Administrative Office.
FUNDING: HCED programs are funded primarily with State and Federal funds.
Body
Fiscal Impact/Change to Net County Cost
No change to Net County Cost.
Background
The Housing, Community and Economic Development (HCED) Program is currently housed in the Health and Human Services Agency. For approximately seventeen years, the HCED unit has focused on and delivered housing, community, and economic development grant funded programs as well as General Plan Housing Element implementation activities. HCED programs assist communities in the County by helping to provide financial assistance to the County as well as individual businesses, developers and residents in support of decent, affordable housing, suitable living environments and expanding economic opportunities to predominately low or moderate-income persons through greater efficiencies.
HCED Programs
HCED Programs currently include the TIM Fee Offset Program for Affordable Housing, the Housing Rehabilitation Loan Program, the Homeownership Assistance Loan Program, the Business Loan Program, the Microenterprise Loan Program, the Business Facade Improvement Loan Program, and the management of Board Policy B-11, “Affordable Housing Fee Structure”. HCED may assist individuals and businesses by providing loans to homeowners and businesses that are at or below 80% of the area median income. HCED may also apply for financial assistance on behalf of developers and non-profit organizations through a variety of state and federal funding sources, including:
· Community Development Block Grants (CDBG) and HOME Investment Partnerships Program (HOME) grants provide low interest loans to qualifying low-income homeowners in the unincorporated areas of th...
Click here for full text