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Mayor’s Office to apply for $1.5M in CalHome funds as HUD cuts loom
Summary
The Mayor’s Office of Housing will seek $1.5 million from the state CalHome program for mortgage assistance and home rehab; staff warned of potential federal cuts to HOME (~38%) and another estimated ~15% reduction to CDBG that could affect local grants and RFP awards.
The Mayor’s Office of Housing told the Budget and Finance Committee it will apply for up to $1.5 million in state CalHome funds to support mortgage-assistance and home-rehabilitation activities targeted to low- and moderate-income households.
Bridal Chu said the office plans to seek the maximum available award, splitting a potential $1.5 million roughly evenly between mortgage assistance and home…
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