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Commissioners approve $200,000 boost to MPDU revolving loan fund to help moderate‑income buyers
Summary
County approved Budget Amendment CC‑7 to add $200,000 to the Moderately Priced Dwelling Unit (MPDU) fee‑in‑lieu fund for FY2026, expanding availability of interest‑free $50,000 loans to qualifying buyers; staff said roughly 30–50 loans are outstanding and asked to return with an update.
The Board approved Budget Amendment CC‑7 to increase budget authority for the MPDU fee‑in‑lieu program by $200,000 in FY2026, expanding the county’s revolving loan pool for moderately priced housing.
Mike Clark, who spoke for the housing office, described the MPDU revolving loan: qualifying buyers (generally around 80% of median income) can receive loans typically in the neighborhood of $50,000. The loans carry no interest and remain on the property until the owner transfers title, at which point the principal is repaid to the county and reused for future borrowers. Clark said the funding approach has allowed the county to assist first‑time buyers and critical workforce households and estimated the county currently has between about 30 and 50 MPDU/critical‑workforce loans outstanding.
Commissioners asked staff to return with an update following a recent housing‑authority planning retreat. The amendment passed by voice vote; county staff said the additional $200,000 will be funded from available balances within the county’s housing fund and used for additional loan awards this fiscal year.
