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EDA discusses rehab funding options, small-space development program and income limits
Summary
Staff described potential funding sources for housing rehabilitation including a small-space development program and a state housing impact fund, but noted administrative burdens and income restrictions that limit eligibility.
Board members asked about grant funding options to support housing rehabilitation and making lots viable for home placement. Staff identified the small-space development program as a primary option and mentioned a state housing impact fund; staff emphasized both programs carry administrative burdens and strict income limits.
As staff explained, "The small space development program has 1 of the main ones" and cautioned that "The biggest piece is the income restrictions." Staff further noted few agencies are set up to administer these programs on behalf of the city and that program administration can be intensive.
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