Title
Recommendation to Authorize the City Manager to Execute and Modify All Documents Deemed Necessary and Appropriate to Submit an Application for the CalHome Program to the California Department of Housing and Community Development;
Adoption of Resolution Authorizing the City Manager to Apply for, Accept, and Appropriate CalHome Program Grant Funds; and
Recommendation to Award a Grant Agreement to Rebuilding Together East Bay Network in an Amount Not-to-Exceed $1,250,000 to Administer CalHome Grant Eligible Activities, and Authorize the City Manager to Move Funds between CalHome and Community Development Block Grant Funds as Necessary to Meet Expenditure Deadlines for Eligible Expenses. (Housing and Human Services 10021830)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
The CalHome Program provides grants to local public agencies and nonprofit corporations for first-time homebuyer and housing rehabilitation assistance, homebuyer counseling and technical assistance activities to enable low- and very low-income households to become or remain homeowners. Grants to local public agencies and nonprofit developers may include programs to assist individual first-time homebuyers through deferred-payment loans for downpayment assistance, home rehabilitation, including manufactured homes not on permanent foundations, acquisition and rehabilitation, homebuyer counseling, self-help mortgage assistance, or technical assistance for self-help homeownership. All funds to individual homeowners will be in the form of loans.
If the City of Alameda's (City) application is successful, CalHome funds would be used to create more affordable housing through Accessory Dwelling Unit (ADU) development and increase the budget for the City's Residential Rehabilitation Program. The CalHome Program does not require the City to provide matching funds to participate in the program, however the City currently allocates Comm...
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