California Code of Regulations › Title 25 - Housing and Community Development › Division 1 - Housing and Community Development › Chapter 7 - Department of Housing and Community Development Programs › Subchapter 2.5 - Local Housing Trust Fund Program › Section 7156 - Application Process

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  For New Local Housing Trust Funds, the Department periodically shall issue a
				  NOFA that specifies, among other things, the total amount of funds available,
				  the total amount of funds available for New Local Housing Trust Funds in
				  counties of less than 425,000 persons, the terms and conditions of the award of
				  Program Funds and the final deadline for application. Applications will be
				  accepted on an over-the-counter basis, and "complete" applications, as
				  described in subsection (b)(1), will be funded on a first come-first serve
				  basis until funds are exhausted, or the final deadline has expired, whichever
				  occurs sooner. In the event that insufficient funds are available to fund all
				  complete applications received on the same date, the applications will be
				  evaluated and funded based on the criteria set forth in subdivision (b)(2),
				  except there will be no preference given for meeting the requirement of
				  subdivision (b)(2)(A).
(b) For
				  Existing Local Housing Trust Funds, the Department shall periodically issue a
				  NOFA that specifies, among other things, the amount of funds available, the
				  terms and conditions of the award of Program Funds, and the application
				  deadline.
(1) Only complete applications
				  shall be considered for funding. In order to be considered "complete" an
				  application must have substantially all of the information requested and
				  provide adequate documentation and information for the Department to determine
				  the Local Housing Trust Fund's eligibility for funding pursuant to Health and
				  Safety Code Section 50843.5 and this subsection. The applicant shall bear the
				  burden of demonstrating compliance with these requirements.
(2) In the event that the amount of funding
				  requested in complete applications exceeds the funds available, applications
				  shall be evaluated and funded using criteria published in the NOFA, including,
				  but not limited to the following, with a preference given to applications to
				  the extent they meet the requirements of (A) and (B);
(A) The extent to which the applicant agrees
				  to expend more than 65 percent of its Program Funds for the purpose of
				  providing downpayment assistance to First-time Homebuyers.
(B) The extent to which the applicant agrees
				  to provide Matching Funds from sources other than residential Local Impact
				  Fees.
(C) The extent to which the
				  applicant agrees to expend more than 30 percent of the total amount of its
				  Program Funds and Matching Funds to serve persons and families of Extremely Low
				  Income.
(D) The extent to which the
				  applicant agrees to expend less than 20 percent of the total amount of its
				  Program Funds and Matching Funds to serve persons and families with incomes
				  exceeding 120 percent of the area median income.
(E) The extent to which the applicant agrees
				  to provide Matching Funds in excess of the amount of Program
				  Funds.