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Committee to forward $1.5 million CalHome award to Board to assist low-income homebuyers
Summary
The Mayor’s Office of Housing requested acceptance and expenditure of $1.5 million in CalHome funds to provide down-payment assistance and owner-occupied rehabilitation; no budget analyst report was presented and the committee forwarded the item with recommendation.
Theresa Yonge of the Mayor’s Office of Housing told the Budget and Finance Committee that the resolution before the panel would accept and expend $1,500,000 in CalHome state financing from the California Department of Housing and Community Development to assist first-time low-income homebuyers with down-payment assistance and to fund rehabilitation for owner-occupied units.
Yonge described this as the office’s fifth CalHome allocation and said the funding will be used for down-payment assistance and rehabilitation programs for eligible homeowners. There was no budget analyst report on the item; public comment was opened and closed with no speakers.
Supervisor Avalos moved to send the item forward with recommendation; the committee approved the motion without objection. The resolution will be scheduled on the Board of Supervisors agenda.
Next steps: Forward to full Board for adoption and implementation by the Mayor’s Office of Housing.
