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San Fernando accepts $5 million conditional CalHome award with state-set allocations
Summary
Council voted to accept a conditional $5 million CalHome award with state-prescribed allocations (about $2.754M for first-time homebuyer mortgage assistance and $2.245M for owner-occupied rehabilitation); staff clarified the $200,000 per-household cap and that allocation thresholds came from HCD.
San Fernando — The City Council voted Jan. 6 to accept a conditional CalHome grant award totaling $5 million. Staff told the council that the California Department of Housing and Community Development (HCD) provided the award with thresholds dividing funds roughly $2,754,000 for first-time…
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