Caroline Winter
Aug 24, 20221 min
Opportunity Title:
Permanent Local Housing Allocation (PLHA)
Description:
In 2017, Governor Brown signed a 15-bill housing package aimed at addressing the state’s housing shortage and high housing costs. Specifically, it included the Building Homes and Jobs Act (SB 2, 2017), which established a $75 recording fee on real estate documents to increase the supply of affordable homes in California.
Because the number of real estate transactions recorded in each county will vary from year to year, the revenues collected will fluctuate. The chart below shows how revenues will be allocated.
There are two types of assistance under PLHA:
Formula grants to entitlement and non-entitlement jurisdictions based on the formula prescribed under federal law for the Community Development Block Grant.
Competitive grants to non-entitlement jurisdictions. Funding amounts will vary based on annual revenues to the Building Homes and Jobs Trust Fund.
Eligibility:
Eligible Applicants for the entitlement formula component are limited to the metropolitan cities and urban counties allocated a grant for the federal fiscal year 2017 pursuant to the federal CDBG formula specified in 42 USC, Section 5306. Eligible Applicants for the non-entitlement formula component and the competitive grant program component are limited to the non-entitlement jurisdictions.
Total Amount Available:
$335,000,000
Application Deadline:
October 31, 2022
Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.