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HOUSING BOND FUNDS from page 2 .................................... $ui~x~veServicesJnHousingProject~ An additional $20 million in Proposit~ 46 fa3ds have been allocated to fund projects that use non-residential space for sup~rtive services, includiogjob training, health services, and childcare near Multifamily Housing Program-funded projects. For more information call Diane Snyder at (916) 324-6756. $3 Million to be released in ~. Preservation Opportonity F~L Administered by the California Housing Finance Agency (CalHFA), this program is for the presmration of at<isk housing by providing interim loans to nonfxoff[ corporations and public agencies to purchase affordable housing projects that were previously com-tnx2,~ under federal loan programs, which are now in danger of converting to market-rate housing due to the termination of their original ~ with the federal govemmerrc SI] 372 (Dunn, Chapter 721) provides the implementation language for this program. For more information call (916) 322-3991. $13 Million ~o be released in JameS. Housing Trust Fund~ AB 1891 Diaz, Chapter 725) provides the imp~emmtatJon language for this program, which is the mechanism for funding and implementing local housing trust funds. The legislation establishes a matching grant program within the Department of Housing and Community Development to provide additional resources for both · existing and new local housing trust funds that are dedicated to the creation of rental housing affordable to lower-income households, Housing element compliance is required to access these funds. For more information call (916) 327-3646. Emergency Housing and Assistance $31 Million to be rel___~.'~-d_ in J, muarjc Emergent7 Housing andAssistar~e Program. This program provides funds emergency shelters, transitional housing, and services for homeless individuals and families. Proposition 46 allocates $390 million for emergency housing and assistance, including $195 million for housing projects for those moving from emergency shelters or trami- tional housing. $31 million will become available in January 2003. For more information call (916) 445~)845. Farm Worker Housing $15 Million to be released in January:. Joe 5erna, Jr. Farm Worker Housing Grants Pro.-am. The Farm Worker Housing program provides grants to local governments and nonproff~ organizations for the construction and rehabilitation of housing for fatuities of migratory agricultural workers, Proposition 46 allocates $200 million for the Joe Sema Farm Worker Housing Program, including $2.5 million for migrant worker housing, and $20 million to projects that also provide health services to farm workers. $15 million will become available in January 2003. AB 2043 (Salinas, Chapter 494) provides the implementation language for this program. In addition, $20 Million will be released in )uly 2003 for farm worker housing projects that also provide health sen/ices to the residents, For more information call (916) 324~)695, Jobs/Housing Balance Program $33 Million to be released in January. Jobs/Housing Balance Improvement A~x~t_ The bbs/Housing Balance Program provides capital grants to local governments as an incentive to increase housing by issuing building permits above their previous three- year average· Proposition 46 allocates $100 million for grants to local govemments which approve housing under this program. Of th~s amount. $25 million will be allocated to local governments that were eligible for awards under the 200,1 program. SB 423 (Torlakson. Chapter 482) contains the implementation language for this program. Housing element compliance is required to access tnb,sc, fun~s For more information contact Linda Nichols at (916) 323-3175 or Inichols@hcd.ca.gov. Homeownership/Homebuyer Programs Proposition 46 allocates $495 million distributed among the following homeownership and first-time homebuyer programs. Of this allocation, the Calfomia Housing Finance Agency will administering the following programs: $290 million for the Califomia Homebuyer Downpayment Assistance Program, including $117.5 million for deferred payment first time home buyer loans, $85 million Continued on Page 4 Visit the League's Official Web Site--www.cacities.org PRIORITY FOCUS/PAGE 3