The Department of Housing and Community Development Awards $42.9 Million
in Proposition 46 Funding to Create Housing Opportunities for the Los Angeles Region
(BURBANK) – California Department of Housing and Community Development (HCD) Director Lynn L. Jacobs today was joined by Business, Transportation and Housing Agency Secretary Sunne Wright McPeak in announcing over $42.9 million in Proposition 46 funds. The awards provide housing opportunities for more than 2,577 of California’s hardworking families and neediest residents. Proposition 46 is the $2.1 billion housing bond approved by voters in November 2002.
"When I became Governor, I ordered that Proposition 46 funding be expedited so homes and shelters could be built more quickly," said Gov. Schwarzenegger. "I am also proud to announce the first award of funds from my Initiative to End Chronic Homelessness. The award is given to a project in the city of Santa Cruz dedicated to helping chronically homeless individuals receive the shelter and services they need to regain a healthy and productive life." The Initiative to End Chronic Homelessness offers $40 million to assist homeless individuals and families transition to permanent, stable housing and lives.
"Gov. Schwarzenegger is committed to making affordable housing a reality for hardworking Californians and our neediest residents," said Secretary McPeak. "Today’s awards will help 2,577 families or individuals achieve that dream while supporting local economies through construction related activities.
Awards were made through the following HCD programs:
- $19.5 million in awards through the Multifamily Housing Program will provide permanent low-interest loans for the construction of new affordable apartment homes and rehabilitation of existing affordable units. Californians who make up the vital workforce that is the backbone of our economy, including seniors, the disabled, homeless and those transitioning from homelessness, are among the future residents of the homes that will be constructed or rehabilitated. The awards will help 272 California families or individuals realize the dream of an affordable rental home.
- $9.5 million through the Emergency Housing Assistance Program – Capital Development Component which awards funds capital development activities for emergency shelters, transitional housing and safe havens that provide shelter and supportive services for homeless individuals and families with 481 shelter spaces.
- $7.8 million through the CalHome Building Equity and Growth in Neighborhoods Program (BEGIN), which makes grants to cities and counties that have reduced regulatory barriers to the construction of new, affordable ownership housing. Barriers can include such constraints as minimum lot or floor area sizes that make housing more expensive. The grants are for down payment assistance loans to low- and moderate-income first-time buyers of 261 homes in BEGIN projects.
- $6.1 million is awarded through the Workforce Housing Reward Program which provides financial incentives to cities and counties for issuance of building permits for 1,563 new homes affordable to lower income households.
"The awards announced today will help local communities remove regulatory barriers and increase homeownership, "said Director Jacobs. "They will also provide California’s essential workforce and their families the safe and affordable housing they urgently need to live and work in their communities."
HCD provides leadership, policies and programs to preserve and expand safe and affordable housing opportunities and promote strong communities for all Californians. The Department also supports increasing the supply of housing, especially affordable housing and works to improve the state’s housing conditions and the health and safety of its residents. As the lead housing department, HCD is part of the state Business, Transportation and Housing Agency.
"The financing of an affordable housing project requires commitments from various elements of the community including the sponsor, city, county, state and private foundations. Without the availability of sources of funds for affordable housing developments, many projects would not be feasible and many members of the community would be denied the opportunity to obtain affordable housing.
It is because of Proposition 46 funds, that today, 18 individuals with significant disabilities live in our community, in the 18-unit apartment project recently built by United Cerebral Palsy of Los Angeles. The completion of the apartments simply would not have been possible without the state’s participation".
Ronald S. Cohen, Ph.D.
Chief Executive Officer
United Cerebral Palsy
Woodland Hills, CA 91367