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CRA outlines housing initiatives: ARPA allocations, resiliency program opening and county loan support
Summary
Staff described ARPA-funded allocations for homebuyer assistance, a January opening for a residential application program using Neighborly, limited resiliency funds with emergency flexibility, and the county'9s $225 million low-interest loan program supporting housing.
CRA staff updated the board on several housing initiatives. The city is pursuing an ARPA agreement with the Union Land Trust for $30,000 per property to support long-term affordable for-sale units; staff indicated the funding will likely be used for down-payment assistance and listed several addresses included in the…
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