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Pacific Grove Council Approves $199,000 CalHome Loan Transfer for Home Rehab
Summary
The City Council voted unanimously to move $199,000 from CalHome reserves to fund an approved rehabilitation loan while staff pursues a CDBG grant; council members praised the loan program's sustainability and record protections.
The Pacific Grove City Council voted unanimously Wednesday to approve a budget amendment to move $199,000 from CalHome reserves to fund an approved homeowner rehabilitation loan while staff awaits potential CDBG funding.
Lede facts: Staff told the council a qualifying homeowner has been approved for a housing rehabilitation loan; the requested $199,000 transfer would allow the rehabilitation to proceed immediately while staff completes a competitive grant application. Staff said…
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