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San Diego County directs 90‑day feasibility study for a county-run first‑time homebuyer program
Summary
The Board of Supervisors voted to have county staff study a county-funded first‑time homebuyer program, including interest‑rate buy‑down options and a 90‑day report-back; the board added direction to oppose federal policies it said raise construction costs. Supervisor Jim Desmond introduced the item but later voted against the amended motion.
Supervisor Jim Desmond introduced a board letter asking county staff to study the feasibility of a county‑funded first‑time homebuyer program designed to complement existing state and federal down‑payment assistance.
"Only 13% of San Diego households can afford to purchase a median priced home," Desmond said in opening remarks, arguing that the county should explore ways to increase utilization of existing programs and consider interest‑rate buy‑downs to lower monthly payments.
The motion as finally approved directs the chief administrative officer to return to the board with a feasibility report in 90 days and added a second recommendation directing the county’s legislative program to oppose federal policies the board identified as increasing construction costs, including…
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