AgdaPkt 2002-12-02 - Laserfiche WebLink

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BUDGET SHORTFALL from page I ....................................... Many of the options and fiscal tools used to close this year's gap are gone, or at least very limited in any future imple- mentation, Of the record $23.6B current year deficit solution, $4.5B was achieved through securitization of tobacco settlement funds, and $4.25B was achieved through loans and fund shifts and transfers. Program reductions totaled $7.458B and debt restructuring amounted to another $1.083B. LOCAL Lives! Last year the League's efforts to protect local services from state budget cuts focused on a parmership with the California State Association of Counties (CSAC) and the California Special Districts Association (CSDA). The LOCAL coalition ("Leave Our Community Assets Local") rallied local officials and literally hundreds of local law enforcement, labor, business, public health and other organizations to educate legislators about the impacts that cuts to local services would have on communities around the state. Although counties were ultimately hit with more than $1B. in cuts and cost shifts, the coalition was generally successful in heading off more significant cuts to local services in the 2002~)3 budget. The League, CSAC and CSDA will work again through the LOCAL coalition this year - more determined than ever to protect essential local services. It will be critical for all local officials to become actively involved in moving the debate forward, if we are to succeed in ensuring our priorities are met this year. To learn more about the impact of the 2002-03 budget on local governments, go to www.cacities.org and click on "State Budget Alert". You can link directly to the LAO full report from this page. The LAO's Web site address is: www. lao.ca.gov. HOUSING BONDFUNDSfrompagel.,....,.,,..,.,.,........,.,.,..,,,, City officials should also check HCD's website periodically for mom information on each program, including eligibility requirements (vvww.l~cd.ca.gov). The primary contact person: HCD Deputy Director of Community Affairs Bill Pavao. If you have general questions contac~ Mr. Pavao at (936) 322-1560. The following provides initial information obtained by the League about the individual programs through which funds will be dispersed, along with any available contact information. Multi family Housing Program $65 Million to be released in January:. Multifamily Housing Program. This program assists the new construction, rehabilita- tron and prese~/ation of permanent and transitional rental housing for lower income households through deferred payment loans. Proposition 46 allocates $910 million for multifamily housing programs, including $50 million to preserve units built under previous federal pro, rams, $25 million for local housing tndst funds, $20 million for non-residential space for supportive services in multifamily housing developments, and $15 million for either on or off campus housing for University of Califomia and Califomia State University students. Notices of Funding Availability for $65 million will be released in January for costs related to the Multifamily Housing Program. MHP funds will be provided for post-construction permanent financing only. Eligible costs include the cost of child care, after-school care and social service facilities integrally linked to the assisted housing units; real property acquisition; refinancing to retain affordable rents: necessary onsite and offsite improvements; reasonable fees and consulting costs; and capitalized reserves. Priority will be awarded to ~nfill proJects built close to rail transit,job centers, and other urban amenities, For more information contact Anne Gilroy at (916) 327-2886 or agilroy@hcd.ca.gov. Continued on Page 3 PAGE 2/PRIORITY FOCUS Visit the League's Official Web Site--www.cacities.org