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Escondido council opens hearing on HOME‑fund reallocation to expand rental subsidies
Summary
City staff proposed a substantial amendment to reallocate HOME funds to expand a tenant‑based rental subsidy program from 30 to 80 households and raise the monthly aid from $200 to $400 for lowest‑income households; council asked staff to return with details on asset caps and loan percentages before final approval in March.
Escondido’s city council heard a staff proposal to substantially amend the city’s HOME program on Thursday, directing more grant dollars toward rental subsidies aimed at people at immediate risk of homelessness.
Danielle Lopez, housing and neighborhood services manager, told the council the HOME allocation the council adopted in June had totaled roughly $590,000, with $72,000 then budgeted for a rental subsidy that served about 30 households. Under the staff recommendation, the city would raise that line item to $388,000, increase the monthly subsidy from $200 to $400 for the lowest‑income households and expand…
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