AgdaPkt 2002-12-02 - Laserfiche WebLink

Browse Search

HOUSING BOND FUNDSfrom page 3 .................................... for insurance for singl~family mortgages, $50 million to reimburse fi~t-Ume homebuye~ for the payment of specif~d school fees, $25 million in deferred loans of up to $7,500 to teachers purchasing homes in oammunities where they l:~ch, $12.5 million to assist , first-time homebuy~ who have received homeownership counseling. For information about homeowne~ip programs administered by the California Housing Finance Agency call (916) 324~088. Programs administered by the Department of Housing and Community Development include~ $2 Million to be released in January. C~lifomia Self, Help Housi~j Procjr~ This program provides funding to local public agencies or nonprof~, corporations that provide technical and superviso~ assistance to Iow- or ve~j Iow-income households to build their own homes. The program is administered through the CalHome Progam. Any California city, county, city and county, or nonprofit corporation (including limited-equity housing cooperatives) is eligible to apply. In order to be eligible for funding, the applicant must have been operating as a housing developer or housing program adminisb~or for a minimum of four (4) years prior to the date of application. Applicants must also have staff that will be committed to the proposed program that possess the knowledge, skills and ability to provide technical assistance for seif~nelp housing. For more information call (916) 445~877. $25 Million to be releesed inJar~ar~. C~lHome. CalHome is a horneownership program designed to make funds available to local public agencies and nonprofit corporations to support existing homeowne~ip programs assisting Iow- and very Iow-income households. This program provides grants to local public agencies and nonprofit developers to assist individual households through deferred-payment loans. These are direcE forgivable loans to assist development projects involving multiple ownership units, including single-family subdivisions. Eligible activities include predevelopment~ site development, new consl:Tu~on, rehabilitation, acquisition and rehabilitation, down payment assistance, mortgage financing, homebuyer counseling, and technical assistance for serf-help pro~ects or shared housing. A share of funds is allocated for the rehabilitation, replacement and repair of manufactured homes. Proposition 46 also allocates $5 million in grants for lower income tenants with disabilities for the purpose of making exterior modifications to rental housing in order to make that housing accessible to persons with disabilities. For more information call (916) 445-9584. $24 Million to be released in July: Building Equity and Growth in Neighberhoo~ (BEGIN). The BEGIN program assists Iow and moderate income homebuyers by providing deferred second mortgage loans in an amount not to exceed 20 percent of the ~le price of the residence, or $30,000, and can be forgiven after 10 years. AB 1170 (Firebaugh, Chapter 724) provides the implemen- tation language for this program. Priority points are awarded for housing element compliance. For more information call (916) 327- 3717. Code Enforcement. Proposition 46 provides $5 million for capital expenditures in supoort of local code enforcement and compliance programs through the state's Code Enforcement Incentive Program. AB 1008 (Lowenthal, Chapter 723) provides the implementation language for this program. For more information contact Chris Anderson or Teresa Grossi (916) 445-9471. STRENGTHENING CITIES' RETAIL OPPORTUNITIES ~ y Way',: 4. $chell, Presidenc/CEO, California Association flor Local Economic Development DO you want to know more about attracting and maintaining retail in your community? Come to Retail Workshops sponsored by the California Association for Local Economic Development (CALED): WORKSHOP #1: WORKSHOP #2: WORKSHOP #3: November 6, 2002; Burbank Hilton February 5, 2003; Burbank Hilton February 6, 2003; Burbank Hilton Getting Your Community On Track Attracting and Developing New Retail How to Work With Existing Retail for Attracting Retail Opportunity Pro~ects For more information, log on to http://www.edacademy.org/fall_02.html. A PDF of the brochure can be found at http:// www.edacademy.org/retail_02.pdf. PAGE 4/PRIORITY FOCUS Visit the League's Official Web Site--www.cacities.org