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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 of Housing representative explained CalHome funds must be used for down‑payment assistance for low‑income first‑time homebuyers or rehabilitation loans for owner‑occupied single‑family homes; the representative said foreclosure prevention or mortgage assistance is not an approved use under the state guidelines. Supervisors asked whether other city funding sources could be adapted for foreclosure assistance; the representative said she could not address that in the context of this item but noted bond‑funded down‑payment assistance exists and that referral resources and brochures are available on the office website.
The committee had no public comment and moved to forward the resolution to the full Board with recommendation.
Next steps: the full Board will consider acceptance of the CalHome grant; supervisors requested the Mayor's Office of Housing provide referral materials and brochures on local assistance resources to supervisors.
