DATE: January 21, 2020
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Budget Resolutions - CalHOME Program
RECOMMENDED ACTION(S):
TITLE
1. Adopt Budget Resolution increasing FY 2019-20 appropriations for Public Works and Planning - CalHOME Reuse Account, Fund 0086, Subclass 17504, Org 1204, in the amount of $450,000 (4/5 vote); and
2. Adopt Budget Resolution increasing FY 2019-20 appropriations and estimated revenues for Public Works and Planning - Grants Org 5512 in the amount of $450,000 to use for affordable single-family housing developments (4/5 vote).
REPORT
Approval of the recommended actions is necessary to allow the use of the funds for affordable single-family housing development projects in the unincorporated areas of the County. This item is countywide.
ALTERNATIVE ACTION(S):
Your Board may choose to not approve the recommended actions; however, CalHOME Reuse Account funds would remain unallocated, and unavailable for use in FY 2019-20.
FISCAL IMPACT:
There is no Net County Cost associated with the recommended actions. Approval of recommended actions will increase appropriations and corresponding estimated revenues for FY 2019-20 for the Department of Public Works and Planning - CalHOME Reuse Account Org 1204, and corresponding Department’s - Grants Org 5512. The CalHOME Reuse Account currently has in excess of $450,000, which must be moved to the CalHOME Grant Program to enable its use for affordable single-family housing development projects.
DISCUSSION:
The funding for the CalHOME Program is a result of payments from a series of closed grants provided by the State to the County, which were used for zero-interest loans for repairs or down-payment assistance to eligible low-income homeowners in the unincorporated areas of the County. Repayments received from the loans were deposited by the County in its CalHOME Reuse Account and may be used by the County for further housing activities which directly benefit low-income residents of the unincorporated areas of the County. For example, an allowable use of the CalHOME Reuse Account funds is to provide funding for the construction of new low-income single-family housing.
The Department has been working with local developers to identify potential affordable single-family housing development opportunities in the unincorporated areas of the County.
Approval of the recommended actions will allow the use of the funds for an eligible affordable housing project. Projects proposed to receive CalHOME Reuse Account funds would be brought to your Board for consideration prior to a distribution of funds.
ATTACHMENTS INCLUDED AND/OR ON FILE:
On file with Clerk - Resolution (Org 1204)
On file with Clerk - Resolution (Org 5512)
CAO ANALYST:
Sonia M. De La Rosa