RECOMMENDATION(S):
APPROVE and AUTHORIZE the Health Services Director or his designee, the Behavioral Health Director, to, 1) Request the annual release and return of all MHSA funds in the County’s CalHFA MHSA account that may include unencumbered MHSA Housing Funds, MHSA residual receipt loan payments, and accrued interest. 2) Request the release and return of the current balance of MHSA Housing Loan Program funds on deposit with CalHFA as of May 31, 2016, and 3) Execute and submit to the State of California Department of Healthcare Services the necessary certifications and assurances necessary to release the funds.
FISCAL IMPACT:
County will receive the remaining unencumbered balance of $1,722,486.54 to be used for eligible housing activities. Additionally, it is anticipated that the County will receive up to $12,000 per year in residual receipts and accrued interest. No negative fiscal impact to the County.
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