Memorandum
Date: January 9, 2024
To: The Honorable Lake County Board of Supervisors
From: Lisa Judd, Deputy County Administrative Officer - Housing
Subject: Presentation and consideration of the Housing Work Plan and Proposed Lake County Housing Trust Fund
Executive Summary:
The Housing Work Plan is structured into four primary focus areas: Housing Action and Implementation Plan, Housing Trust Fund creation, Prohousing Designation, and effective communication between community partners to increase and preserve housing supply throughout Lake County.
With the assistance of a consultant and community participation, a Housing Action and Implementation plan will be created for your Board's consideration. The initial part of this process will be community engagement to obtain valuable input from community partners including an analysis of current conditions will be performed, identification of gaps analysis, creation of goals, the action steps to attain these goals as well as a comprehensive manual which is basically a "how to" manual to be used to administer the plan. This manual will also identify funding sources and include all needed forms including legal instruments and documentation needed to implement the action steps. Additionally, sites for housing development and rehabilitation for the full spectrum of types of housing will be identified.
The creation of the Housing Trust Fund (HTF) is another element of the work plan.
The Housing Trust Fund will support and preserve housing projects. The Housing Trust Fund will create a revolving funding source to allow for a funding match required to secure low-income housing projects or other gaps identified in the Housing Action and Implementation Plan. Additionally, it will increase opportunities for low-income families and individuals to access decent, safe, and affordable homes. Lastly, it provides flexibility over state and federal funding sources. Funding sources will be identified, and a Board o...
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