RECOMMENDATION(S):
APPROVE the Affordable Housing Finance Committee (AHFC) recommendations for the allocation of $5,543,307 in FY 2022/23 Permanent Local Housing Allocation (PLHA) funds.
FISCAL IMPACT:
No General Fund impact. The County has already been awarded $5.5 million in PLHA funding, which will cover the cost of funding these recommendations as well as the County's administrative costs up to 5% of the total grant.
BACKGROUND:
PLHA is a newer State program with entitlement and competitive components intended to fund more affordable housing. The State designated Contra Costa County as the administrator of the entitlement grant award for the Contra Costa "Urban County," which includes the unincorporated communities and all the cities except for Antioch, Pittsburg, Walnut Creek, and Concord, which have their own entitlements.
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