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
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