Title
HEARING - Planning and Building Department, Planning Division, Long Range Planning Unit, Housing Community and Economic Development Programs recommending the Board:
1) Conduct a public hearing to consider adopting and authorizing the Chair to sign Resolution 066-2022 amending the Program Guidelines for the First Time Homebuyer Loan Program to comply with the Home Investment Partnerships Program statutes and regulations pursuant to Title II of the Cranston-Gonzalez National Affordable Housing Act of 1990, in federal implementing regulations set forth in Title 24 of the Code of Federal Regulations, Part 92, and in Title 25 of the California Code of Regulations commencing with Section 8200; and
2) As part of the public hearing, consider adopting and authorizing the Chair to sign Resolution 067-2022 amending Program Guidelines for the County’s Community Development Block Grant (CDBG) First Time Homebuyer Loan Program to comply with the California Department of Housing and Community Development Program requirements under Code of Regulations Section 570.489 (e)(l) [CDBG Final Rule 2012]; and
3) Authorize the Planning and Building Department Director, or designee, to submit Program Guidelines and required documents to the California Department of Housing and Community Development.
FUNDING: Federal Department of Transportation, Housing and Urban Development, Home Investment Partnerships Program, and Community Development Block Grant Program Funds.
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DISCUSSION / BACKGROUND
The Board of Supervisors previously approved revisions to the First-Time Homebuyer Loan Program Guidelines and related adopting resolutions on December 14, 2021 (Agenda item 49, Legistar 21-1826).
On March 9, 2022, staff received notification from the state Department of Housing and Community Development (HCD) about important updates and two required changes to the First-Time Homebuyer (FTHB) Loan Program Guidelines.
These updates are required whether using an active HOME or CDBG gran...
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