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Clear Lake council backs exploring homebuyer assistance for city employees
Summary
Councilmembers signaled support for a program to help city employees buy homes within Clear Lake, asking staff to return with a detailed proposal; staff floated a $20,000–$25,000 baseline and a 5-year recapture term as starting points.
Clear Lake councilmembers on Oct. 6 directed city staff to return with a detailed homebuyer assistance program aimed at recruiting and retaining municipal employees, after a staff presentation outlined options for loan-like assistance, income limits and recapture provisions.
City Manager Mr. Flora introduced the idea as a retention tool and said staff found only a handful of comparable California programs. He outlined key design choices: require…
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