For City Council Meeting [September 27, 2022]
TO: Honorable City Council
APPROVAL: Marcus Fuller, City Manager
FROM: Kathy Brann, Economic Development Manager
Lissette Montoya, Avant Garde, Inc.
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Request City Council to: (1) Hold a Public Hearing to Consider the 5-Year Allocation Plan for Use of Permanent Local Housing Allocation (PLHA) Program Funds; (2) Adopt Resolution No. 7982 Authorizing the Submission of an Application For, and Receipt Of, Permanent Local Housing Allocation (PLHA) Program Funds; and (3) Authorize the City Manager to Execute All Documents.
(ACTION)
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BACKGROUND
The California Department of Housing and Community Development (HCD) announced the release of $195 million in funding for the Permanent Local Housing Allocation (PLHA) program. PLHA provides funding to local governments in California for housing-related projects and programs that assist in addressing the unmet housing needs of their local communities. The PLHA program is intended to increase the supply of housing for households at or below 60 percent of the Area Median Income (AMI), increase assistance to affordable owner-occupied workforce housing, assist persons experiencing risk of homelessness, facilitate housing affordability, and promote projects and programs to meet regional housing need allocations.
The Notice of Funding Availability (NOFA) for the PLHA program was re-opened on October 23, 2020. The Department determined thresholds and requirements for Entitlement and Non-entitlement Local governments. Grant allocation amounts are based on the formula prescribed under federal law for the Community Development Block Grant. The City of Rialto (the "City") is eligible to apply for a total estimated five (5) year allocation amount of $3,586,716.00.
Funds allocated to eligible applicants must be used to carry out one or more of the following eligible activities:
1. The predevelopment, development, acquisition, rehabilitation and preservation of multifamily...
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