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Mayor's Office of Housing to accept $1.5M CalHome grant; foreclosure assistance not eligible
Summary
A CalHome grant of up to $1.5 million for down‑payment assistance and rehabilitation loans was presented; Mayor's Office of Housing staff said state guidelines prohibit using CalHome funds for foreclosure prevention or mortgage assistance, and the committee forwarded the item to the full board.
The Budget & Finance subcommittee left Item 2 open briefly while the Mayor's Office of Housing representative arrived and then forwarded a resolution authorizing the mayor to accept and expend up to $1.5 million in CalHome funds from the California Department of Housing and Community Development.
A Mayor's Office…
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