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Soledad council adopts homebuyer assistance, business loan guidelines to pursue state housing funds
Summary
The Soledad City Council on Oct. 2 approved Resolution No. 6164 adopting revised Homebuyer Assistance and Economic Development Business Assistance Loan Program guidelines to pursue state housing funds and expand locally managed micro‑loan options. The measure passed 4–1.
The Soledad City Council voted on Oct. 2 to adopt revised guidelines for a Homebuyer Assistance Program and an Economic Development Business Assistance Loan Program and directed staff to pursue state funding to implement them.
City staff said the two programs will be managed locally and use a mix of funding streams from the California Department of Housing and Community Development, including CDBG and CalHome. "We are getting ready to secure financial support from the California Department of Housing and Community Development," Beatrice Trujillo said during the staff presentation. The guideline changes were described to address gaps identified during earlier workshops and outreach.
Under the business loan guidelines, eligible projects include locally licensed existing…
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