Supervisors approve $5 million supplemental appropriation for down-payment-assistance program on first reading
The Board of Supervisors approved on first reading a $5 million supplemental appropriation to the Down Payment Assistance Loan Program (DALP). Mayor's Office of Housing staff described program eligibility and shared-appreciation repayment; public speakers urged a $2 million set-aside for foreclosure prevention.
The full story
The board heard public comment and proposals before voting to appropriate $5 million from the general fund to the Down Payment Assistance Loan Program (DALP). Supervisor Sandoval introduced the item and asked the budget analyst and Mayor's Office of Housing to explain program details and anticipated effects.
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