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Council approves Porterville application for $1 million CalHome first-time buyer funds

2341434 · February 19, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The City Council authorized staff to apply for a $1 million CalHome program grant to support first-time homebuyers, with staff cautioning that larger requests risk underspending and future penalty from the state.

The council voted to authorize staff to apply for a $1,000,000 CalHome program grant to support first-time homebuyers and down-payment assistance. Staff explained the CalHome request is a competitive, state-administered award and that requesting more than the city can spend in the program period carries the risk of failing to expend funds and damaging future…

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