Lake County commissioners back Prop 1.23 application, delegate signatory authority for Housing at 102 project

The Lake County Board of County Commissioners voted unanimously to support an application for Proposition 1.23 funding for the Housing at 102 project and to delegate signature authority for the application.

The action, taken at a special meeting, authorizes county staff to apply for up to $980,000 in gap financing that would discount 14 units by up to $70,000 each for buyers below a specified area median income (AMI) level; the exact AMI percentage was not specified in the meeting. The board recorded a grant match of $604,520 for the application and delegated signatory authority to county officials for the Prop 1.23 application paperwork.

Why it matters: county staff said the Prop 1.23 award would reduce purchase prices for lower-income buyers and help complete a 24-unit Oakwood Homes development the county has supported with prior site remediation and state/federal grant dollars.

Project history and finances County staff described a multi-year funding and development timeline that began in 2022 with site analysis and grew through subsequent budget cycles. Michael Yerman, county project staff, said the project has already used previous grant funds and closed out a related ARPA-derived award (described in the meeting as IHOY funding administered through DOLA). He told commissioners, "No. We we we used up the entire grant," referring to…