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Plumas Community Development Corporation seeks $500,000 seed from PG&E settlement for down‑payment program; board tables request to Feb. 4
Summary
The Plumas Community Development Corporation asked the board on Jan. 21 to commit $500,000 from the county’s PG&E settlement to seed a down‑payment assistance program, but the board tabled the request to Feb. 4 to allow partner matching commitments and program details to be finalized.
The Plumas Community Development Corporation (PCDC) asked the Plumas County Board of Supervisors on Jan. 21 to commit $500,000 from the county's PG&E settlement fund to seed a down‑payment assistance program the nonprofit would administer.
Roger Diefendorf, PCDC's executive director, presented a proposal that would use $200,000 for two years of startup and administration and reserve $800,000 for direct assistance if matched by other partners. The model PCDC described would make awards roughly in the $50,000 range to eligible households to support purchase of an existing or newly built starter home; Diefendorf said the pilot could fund about 16 families with that seed and that the nonprofit intends to…
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