To: Board of Supervisors
From: Planning and Building Department
Agenda Section: Consent
SUBJECT:
title
Resolution Authorizing the Submittal and Signature of a CalHome Program Grant Application for a First Time Homebuyer Loan Program and an Accessory Dwelling Unit Construction Loan Program
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Adopt the attached Resolution No. ____:
a. Authorizing an application to be submitted to the Department of Housing and Community Development (HCD) for the 2019 CalHome Grant Program for up to $4,800,000; and
b. Authorizing and directing the Planning and Building Department Director to execute in the name of the County of Humboldt the application, the Standard Agreement, and all other documents required by HCD for participation in the CalHome Program, and any amendments.
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SOURCE OF FUNDING:
California State Department of Housing and Community Development CalHome Grant; funded by the Affordable Housing Bond Act Trust Fund of 2018.
DISCUSSION:
On December 23, 2019 the State of California's Department of Housing and Community Development (HCD) CalHome Program issued a Notice of Funding Availability (NOFA). The purpose of the CalHome Program is to support existing homeownership programs aimed at low- and very low-income households to increase homeownership, encourage neighborhood revitalization and sustainable development, and maximize the use of existing homes. The 2019 NOFA has modified the CalHome program to allow loans to qualified borrowers to develop accessory dwelling units (ADUs) with loan funds.
Staff is recommending that the county apply for first-time homebuyer (FTHB) and ADU program loan funding. The county has operated a FTHB program, with funding from three sources for the last 16 years. The demand for FTHB loans is high; the county's waiting list is currently closed with 45 families and individuals in line to apply for funding. FTHB funds provide a subordinated, defe...
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