AB 325, as amended, Wood. Community Development Block Grant Program: funds.
Existing law requires the Department of Housing and Community Development to allocate funds under the federal Community Development Block Grant Program to cities and counties. Existing law requires the department to determine, and announce in the applicable Notice of Funding Availability, the maximum amount of grant funds that may be used for economic development projects and programs, housing for persons and families of low or moderate income or for purposes directly related to the provision or improvement of housing opportunities for these persons and families, and for cities and counties that apply on behalf of certain Indian tribes. Existing law requires the department to develop and use certain eligibility criteria and requirements for certain economic development fund applications.
This bill would require the department, no later than 60 days after the department notifies an applicant that the department has approved the applicant’s application for those grant funds, to enter into a grant agreement with the applicant. The bill would require the department, when the department enters into a grant agreement with an applicant, to provide the applicant with a complete and final list of activities the applicant must complete in order to receive a disbursement of funds pursuant to the agreement. The bill would also require the department, no later than 30 days after receiving a grantee’s request for disbursement of funds, to notify the grantee that the department has approved disbursement or to provide the grantee with a complete and final list of all of the remaining activities the grantee must complete, as specified.
begin deleteno end delete.
Fiscal committee: yes.
State-mandated local program: no.
The people of the State of California do enact as follows:
Section 50832.2 is added to the Health and Safety
7Code, to read:
(a) (1) No later than 60 days after the department
9notifies an applicant that the department has approved the
10applicant’s application for funds pursuant to this chapter, the
11department shall enter into a grant agreement with the applicant.
P3 1(2) When the department enters into a grant agreement with an
2applicant, the department shall provide the applicant with a
3complete and final list of all of the activities the applicant must
4complete in order to receive a disbursement of funds pursuant to
6(b) No later than 30 days after the department receives a request
7for the disbursement of funds from a grantee, the department shall
8take either of the following actions:
9(1) Notify the grantee that the department has approved
10disbursement of the funds.
11(2) Provide the applicant with a complete and final list of all of
12the remaining activities the applicant must complete in order for
13the department to approve disbursement of the funds.
(a) The Building Equity and Growth in Neighborhoods
17(BEGIN) Program and the Building Equity and Growth in
18Neighborhoods (BEGIN) Fund are hereby created.
19(b) Except as otherwise provided in this chapter, moneys in the
20BEGIN Fund shall be made available upon appropriation by the
21Legislature to the department and administered by the department
22pursuant to the CalHome Program (Chapter 6 (commencing with
23Section 50650), to make grants to qualifying cities, counties, or
24cities and counties that provide incentives or reduce or remove
25regulatory barriers as set forth in this chapter. These grants shall,
26except as otherwise provided by this chapter, be used for
27downpayment assistance to qualifying first-time home buyers of
28low- and moderate-incomes purchasing newly constructed homes
29in a BEGIN project.
30(c) Any loan repayments shall be retained by the qualifying
31city, county, or city and county and reused for first-time home
32buyer downpayment assistance, home rehabilitation, home buyer
33counseling, home acquisition and rehabilitation, or self-help
34mortgage assistance for persons and families of low- or
35moderate-income, as defined in Section 50093.