Memorandum
Date: June 28, 2022
To: The Honorable Lake County Board of Supervisors
From: Todd Metcalf, Director Behavioral Health Services
Subject: Consideration of Resolution of the Lake County Board of Supervisors Authorizing the Application for the Permanent Local Housing Allocation Program for the Collier Avenue Apartment Project.
Executive Summary:
Background
In 2017, after many years of advocacy by California's affordable housing proponents, the state's legislature established a permanent source of funding intended to increase the affordable housing stock in California. Revenue is collected from a fee assessed recorded real estate transactions. Effective in 2019, the California Department of Housing and Community Development (HCD) is directed to use 70 percent of collected revenue to provide financial assistance to local governments for eligible housing-related projects and programs to assist in addressing the unmet housing needs of their local communities. This program is now named the Permanent Local Housing Allocation (PLHA) program.
Funding Allocations
The first Notice of Funding Availability (NOFA) for the PLHA program was released by HCD in 2020, with a second NOFA release in 2021. A third NOFA is anticipated in June 2022. These NOFAs provided a formula-based noncompetitive allocation for each California local government, to be accessed over a five-year period through a formal application process with certain threshold requirements listed in the attached draft Housing Plan. Local governments may transfer some or all of their allocations to other local governments of a local or regional housing trust fund, also to be used for an eligible purpose. Additional funding is available through a competitive application.
Lake County's noncompetitive, or formula, PLHA allocations authorized through the respective Notice of Funding Availability were $241,741 for 2019-2020 Year One and $360,728 for 2020/2021 Year Two. The current estimate for the total...
Click here for full text