REPORT TO THE CITY COUNCIL
FROM: JENNIFER CLARK, Director
Planning & Development Department
BY: SOPHIA PAGOULATOS, Planning Manager
Planning & Development Department
SUBJECT
Title
***RESOLUTION - Authorizing and directing submission of an application for and acceptance of State of California Prohousing Incentive Pilot Program funds (Subject to Mayor's veto)
Body
RECOMMENDATION
Staff recommends approval of a resolution to authorize and direct submission of an application and acceptance of State of California Prohousing Incentive Pilot Program funds allowing the City to receive up to $2,500,000 for the City of Fresno Local Housing Trust Fund.
EXECUTIVE SUMMARY
The State of California Department of Housing and Community Development (HCD) created the Prohousing Incentive Pilot (PIP) Program to reward Prohousing Designated local governments with additional funding to accelerate affordable housing production and preservation. Among the eligible uses is a matching contribution to an established local housing trust fund. Funding is determined through a formula based on population, geographic region, and the prohousing designation score that is conferred by the Prohousing Designation application. The application is due March 15, 2023.
BACKGROUND
The Prohousing Incentive Pilot Program Guidelines and Notice of Funding Availability were released by HCD on December 15, 2022. The Program is designed to incentivize local governments to obtain Prohousing Designation. Funding is determined through a formula based on population, geographic region, and the score that is conferred by the Prohousing Designation application. Staff anticipates that the City of Fresno, through this formula, will be eligible for up to $2,500,000. The PIP application will request for this funding to be placed in the City of Fresno Local Housing Trust Fund (LHTF).
The City of Fresno submitted its Prohousing Designation application on November 30, 2022. HCD completed its initial revi...
Click here for full text