To: Board of Supervisors
From: Planning and Building Department
Agenda Section: Consent
SUBJECT:
title
Resolution Authorizing the Submittal and Signature of a Local Housing Trust Fund Program Grant Application to Establish a Humboldt County Housing Trust Fund.
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Adopt the attached Resolution No. 22-___:
a. Authorizing an application to be submitted to the Department of Housing and Community Development (HCD) for the 2022 Local Housing Trust Fund (LHTF) Program for up to $1.5 million; and
b. Reserving and authorizing $1.5 million of American Rescue Plan Act (ARPA) funding (3232-120200) to be used as a 1:1 match for the establishment of Humboldt County Housing Trust Fund; and
c. 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 Local Housing Trust Fund Program, and any amendments; and
d. Authorize the Auditor-Controller, upon notice of award of the LHTF grant, to create a trust fund for the LHTF Program.
Body
SOURCE OF FUNDING:
California State Department of Housing and Community Development's Local Housing Trust Fund Program; established by Health and Safety Code (HSC) Section 50842.2.; American Rescue Plan Act/State and Local Fiscal Relief Fund (3232-120200)
DISCUSSION:
The Resolution in Attachment 1 authorizes the Planning and Building Department to submit a grant application to the competitive California Local Housing Trust Fund Program for $1.5 million to do one or more of the following activities:
1. To provide construction loans and/or permanent financing loans for predevelopment costs, acquisition, construction, or rehabilitation of affordable multifamily rental housing projects, emergency shelters, transitional housing, or permanent supportive housing,
2. To provide financing for low-inco...
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