Title:
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REPORT - FISCAL YEAR 2024-2025 NOTICES OF FUNDING AVAILABILITY - FUNDING RECOMMENDATIONS
BACKGROUND: In response to the Fiscal Year 2024-2025 Notice of Funding Availability (“NOFA”) announcing approximately $3,100,000 and the HOME Investment Partnership Program (HOME) NOFA announcing approximately $440,000 of funds for acquisition, development, and rehabilitation of affordable housing; the Housing Authority received five applications requesting approximately $4.6 million for 230 total affordable units. Four applications were received for new construction projects and one application was received for a rehabilitation project.
The projects were evaluated and ranked based on project readiness, affordability, bedroom size, special needs set asides, leveraging, project competitiveness, developer and management experience, services and amenities, and other factors. A NOFA Ad-Hoc Committee comprised of Commissioners Conte and Smith met on October 3, 2024, to review the projects and scorin...
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Code sections:
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15061(b)(3) - General Rule Exemption, 15378 - Not a Project
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