TO: Board of Supervisors
FROM: Ryan J. Alsop, County Executive Officer
REPORT BY: Becky Craig, Assistant County Executive Officer
SUBJECT: Presentation from Rural County Representatives of California
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RECOMMENDATION
title
Receive presentation from Rural County Representatives of California affiliate Golden State Finance Authority regarding the ReCoverCA Housing Program. (No Fiscal Impact)
body
BACKGROUND
ReCoverCA Homebuyer Assistance Program is designed to assist families in purchasing homes outside of high fire hazard zones by providing low-to-moderate income households with a forgivable loan of up to $350,000 for down payment and closing costs. This loan accrues no interest, requires no monthly payments, and is forgiven after five years of ownership and occupancy.
Procedural Requirements:
1. Receive presentation
2. Board questions and discussion
Requested Action:
1. Receive presentation
FISCAL & STRATEGIC PLAN IMPACT
Is there a Fiscal Impact? |
No |
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.