To: Board of Supervisors
From: Planning and Building Department
Agenda Section: Consent
Vote Requirement: Majority
SUBJECT:
title
Resolution Authorizing the Signing and Submission of a HOME Investment Partnership Grant Application in the Amount of $1.25 Million for Continuation of the First-Time Home Buyer Deferred Loan Program and to Launch a Tenant-Based Rental Assistance Grant Program
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1.Adopt the attached Resolution (Attachment 1):
a. Authorizing an application submission to the California Department of Housing and Community Development (HCD) for the HOME Investment Partnership (HOME) Program in the amount of $1,250,000; and
b. Authorizing and directing the Planning and Building Department Director or his designee to execute in the name of the County of Humboldt the application, the Standard Agreement, and all other documents required by HCD for application to and participation in the HOME Program, and any amendments thereto.
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STRATEGIC PLAN:
This action supports the following areas of your Board's Strategic Plan.
Area of Focus: Housing for All
Strategic Plan Category: 4002 - Increase and prioritize housing development
DISCUSSION:
On Dec. 30, 2024, and amended Feb. 11, 2025, HCD issued a Notice of Funding Availability (NOFA) for the HOME Program. The purpose of the HOME Program is to support homeownership for moderate and low-income households and to increase housing opportunities for low to very-low-income households. The county will request a funding allocation to continue the First-Time Home Buyer (FTHB) deferred loan program ($1 million) and begin a Tenant-Based Rental Assistance (TBRA) grant program ($250,000) to assist renters with one-time security deposits.
First-Time Home Buyer
The county has operated the FTHB program with funding from four sources for the last 20 years. First-Time Home Buyer loans supplement out-of-pocket deposits and primary mortg...
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