Improve Affordable Home Ownership

  • Recommend Council expand and promote Community Development Programs that address affordable housing including:

    • Down payment assistance programs (deferred loans or grants) for 1st time home buyers of existing homes

    • Expanding involvement with Housing Finance Agency for down payment funding assistance for new housing and other programs that become available

    • Expanding partnership with County through HUD's Consortium Partnership Agreement

  • Others:

    • Recommend that the City Council consider Housing Bonds for affordable home ownership 2nd mortgages.

    • Recommend that City Council consider additional CD staff to administer expanded programs and/or use existing staff as effectively as possible

Increase Decent, Affordable Housing

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