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Consider awarding Solano County Housing Trust Fund allocations as a result of a Notice of Funding Availability as follows: a $93,000 grant to Solano-Napa Habitat for Humanity; and a $3,200,000 loan to The Hampstead Companies for 107 affordable housing units in Dixon; and Authorize the County Administrator to execute any and all documents related to the awards
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The County Administrator's Office recommends the Board of Supervisors consider awarding Solano County Housing Trust Fund allocations as a result of a Notice of Funding Availability as follows: a $93,000 grant to Solano-Napa Habitat for Humanity; and a $3,200,000 loan to The Hampstead Companies for 107 affordable housing units in Dixon; and Authorize the County Administrator to execute any and all documents related to the awards.
SUMMARY:
On September 12, 2023, the Board of Supervisors approved a Notice of Funding Availability (NOFA) for the Solano County Housing Trust Fund (SCHTF) in the amount of $3.2 million, the balance of available funds in the SCHTF at that time. Since that date, the Board has approved an additional $1.7 million to be added to the housing trust fund, bringing the total available to $4.9 million.
The County received four applications totaling nearly $7.3 million in requested funds. The evaluation committee reviewed and scored the applications, and staff is recommending the Board consider awarding funding to the two highest scoring applications: Solano-Napa Habitat for Humanity for three units for purchase by low-income households and The Hampstead Companies, for the development of 107 affordable housing units for households with incomes at or below 60% of the area median income for the applicable household size. These units are located in Dixon in the Homestead Master Plan Community, southwest of W. "A" Street.
Funding these two applicatio...
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