1,315 Families in 25 Counties Will Receive Affordable Housing Through California Department of Housing and Community Development Programs.SACRAMENTO, Calif. -- -- "Building Better Lives through Proposition 46 Funding" The California Department of Housing and Community Development (HCD HCD Housing and Community Development HCD Hardware Configuration Definition (IBM mainframes) HCD Human Capacity Development HCD Health Care Delivery HCD Hockey Club Davos (Swiss Ice Hockey Club) ) Director Lucetta Dunn announced awards of more than $39.2 million for housing development and homeownership assistance across the state. The awards will help meet California families' urgent affordable housing needs and boost the local economies in 25 counties providing the reality of affordable homeownership to low and moderate income Californians including young working families and the elderly. Awards made today are funded by Proposition 46, the housing bond approved by the voters in November 2002. Dunn stated, "Business, Transportation and Housing Agency Secretary Sunne Wright McPeak and I are passionate in providing solutions for California families to realize the dream of homeownership." Today's awards will help 1,315 families achieve this dream." Awards were made through the following HCD programs: --$7.5 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. These barriers can include such constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. as minimum lot or floor area sizes that make housing more expensive. The grants are used by cities and counties to make down payment assistance loans to low- and moderate-income first-time buyers first-time buyer n → persona que compra su primera vivienda first-time buyer n → personne achetant une maison ou un appartement pour la première fois first-time buyer of homes in BEGIN projects. --$31.7 million for the CalHome Program which awards funds to local governments and non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. to promote homeownership opportunities for first-time homebuyers First-Time Homebuyer An IRA owner who is exempt from the early-distribution penalty (which applies to IRA distributions that occur before the IRA owner reaches age 59.5) for distributing funds from his or her IRA to buy, build, or rebuild a home when having had no interest in a through acquisition of new or resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. homes. CalHome funds also help existing lower income homeowners remain in their homes through the rehabilitation rehabilitation: see physical therapy. of their existing home. Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Region In total, the Los Angeles Region was awarded $15.1 million in housing bond funds in 9 different cities in the greater Los Angeles Region, including $5.2 million within the City of Los Angeles
Trained by D. .) Central Valley The Central Valley applicants received over $7.8 million in housing bond funds for housing in 13 communities, including: $.4 million for the BEGIN Program and $7.4 for the CalHome Program which provides grants to local programs to assist low income families to become or remain homeowners. 195 families are being served in the Central Valley. (For details, see Editor's Note.) Greater Sacramento/Stockton Area The Greater Sacramento/Stockton Area applicants were awarded $7.6 million in housing bond funds for homeownership opportunities in five different communities in the region, including $2 million to create additional homeownership opportunities through the CalHome BEGIN Program and $5.6 million through the CalHome Program which provides grants to local programs to assist low income families to become or remain homeowners. 248 families are being served in the Greater Sacramento/Stockton Area. (For details, see Editor's Note.) San Francisco/Bay Area The San Francisco/Bay Area Region applicants were awarded $7.2 million in housing bond funds for the dream of homeownership or to remain homeowners in 8 different communities in the region, which includes $1 million for the BEGIN Program and $6.2 for the CalHome Program which provides grants to local programs to assist low income families to become or remain homeowners. 289 families are being served in the San Francisco/Bay Area. (For details, see Editor's Note.) Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. Region Inland Empire Region applicants were awarded $3.2 million in housing bond funds for five communities in the region through the CalHome Program which provides grants to local programs to assist low income families to become or remain homeowners. 152 families are being served in the Inland Empire Region. (For details, see Editor's Note.) San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Region City and County of San Diego applicants received $2.5 million in housing bond funds for the CalHome Program which provides grants to local programs to assist low income families to become or remain homeowners. 51 families are being served in the San Diego Region. (For details, see Editor's Note.) Editor's Note: For an electronic copy of this release, go to: http://www.hcd.ca.gov/news/release/Press_Release.pdf For a listing of total awards by Media Market, go to: http://www.hcd.ca.gov/news/release/BEGIN_CalHome_Media_Markets.pdf For a listing of total awards by Program, go to: http://www.hcd.ca.gov/news/release/ California_BEGIN_CalHome_Total_Awards.pdf (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) For further information, please contact: fradich@hcd.ca.gov |
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