Title
Human Services recommending conceptual approval to submit a Community Development Block Grant (CDBG) application to the California Department of Housing and Community Development for a grant in an amount up to $800,000 to provide additional funding resources for the County ongoing Housing Rehabilitation and Homeownership Assistance Loan Programs.
FUNDING: Federal CDBG Grant Funds.
Body
Fiscal Impact/Change to Net County Cost: No cost associated with the application process. The application would propose to utilize $6,000 of the administering departments County General Fund Housing Element Implementation dollars for staff time, to be budgeted for this purpose in FY 10-11, to meet the cash match and $1,500 in building permit fee waivers and $3,000 in Weatherization program as in-kind services during the three-year term.
Background:
The 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 also established a First-Time Homebuyer Loan Program through a HCD CDBG application approved for submittal on February 4, 2003 by Board of Supervisors Resolution #024-2003. Subsequent CDBG and HOME grant funding has been awarded to allow the County to continue to provide loans to low-income households on the programs wait lists.
Reason for Recommendation:
The Housing Rehabilitation and First-Time Homeownership Assistance Loan Programs provide funds to income eligible households, earning no more than 80% of the area median income based on household size, to rehabilitate or purchase homes in the unincorporated areas of El Dorado County. To date, the First-Time Homeownership Assistance Loan Program has enabled twenty-three (23) income qualified families to purchase homes. The Program wait list currently includes 174 households. Since 1994, the Housing...
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