To: Honorable Board of Supervisors
From: Raymond Hodges, Director, Department of Housing
Subject: Allocation of Measure K from the County Housing Voucher Program (CHV Program) to permanent supportive housing projects
RECOMMENDATION:
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Measure K: Adopt a resolution:
A) Approving County Housing Voucher Program commitments of up to ninety-seven (97) rental subsidies for an ongoing term of fifteen (15) years, consisting of Measure K funds, approved by the Board of Supervisors for permanent supportive housing purposes; and
B) Authorizing the Director of the Department of Housing, or designee, to negotiate contracts and other documents that are necessary to provide funding to the permanent supportive housing projects, subject to review and approval as to form by the County Attorney, and to execute them on the County's behalf, as indicated in Attachment A to this resolution.
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BACKGROUND:
On March 22, 2022, the Board of Supervisors (Board) approved the FY 2022-2023 Measure K Budget including a $4 million commitment to the County Housing Voucher program (CHV Program). The CHV Program provides $4 million annually over a minimum term of 15 years to subsidize monthly rents for formerly homeless households in the County.
Under the new CHV Program, a fixed monthly subsidy is paid directly to property owners and/or operators to cover a portion of the tenant's rent. In the first year of the Program, the subsidy is valued at approximately $2,000 a month per unit, in alignment with the maximum rent limits for a 60% Area Median Income (AMI) unit published annually by the State's California Tax Credit Allocation Committee (TCAC). Tenants will contribute no more than 30% of their gross income towards the payment of rent and utilities. The affordable housing owner and/or operator will also be responsible for providing access to high quality, on-site supportive services to tenants in coordination with any pre-existing ...
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