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Mayor’s Office to apply for $1.5M in CalHome funds as HUD cuts loom

Budget and Finance Committee · November 16, 2011
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 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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