Fifth District Update_Jan 2020

First Time Home Buyer Program:

 The First Time Home Buyer (FTHB) Program provides assistance to lower income persons in the purchase of their first home. Assistance may be provided for the down payment in the purchase of a home. The amount of assistance available depends upon the buyer’s qualifications and the price of the home. In general, a buyer may only receive what they need, up to 20% of the purchase price of the home.  As of December 16, 2019, a total of 4 FTHB applications have been received since the beginning of the fiscal year, allocating a total funds of $190,700.00. All 4 applications have closed or are scheduled to close this month. ESG Housing First Program o Monthly rental, utility, security & utility deposit, and emergency assistance provided: $3K o # of households assisted: 2  HOPWA Tenant Based Rental Assistance Program o Monthly rental assistance provided: $55K o # of households assisted:107  Security Deposit Assistance Program o Monthly security deposit assistance provided: $7K o # of households assisted: 6  CDBG Homeless Prevention Program o Monthly security deposit assistance provided: $2K o # of households assisted: 1  HUD VASH Tenant Based Vouchers o Monthly rental assistance provided: $231K o # of Households assisted: 355  HUD VASH Project Based Vouchers o Monthly rental assistance provided: $61K o # of Households assisted: 89  Shelter Plus Care o Monthly rental assistance provided: $72K o # of households assisted: 95  CalWORKs Housing Support Program o Monthly rental, utility, security & utility deposit, storage assistance provided: $143K o # of households assisted: 142 

Housing Authority Homeless Programs:

Total monthly assistance provided: $574K Total # of households assisted: 797

Affordable Housing Production FY 2019/2020 Completed Units: 80 Pre-Development: 81

Perris Park Apartments, City of Perris (Developer – Riverside Community Housing Corp.):  80 unit multi-family low income housing for families  The housing authority acquired this apartment complex on October 2019.  Now that the Housing Authority owns the project the next step is to stabilize the project, staff is currently processing eligible applications to place project based vouchers on the property.  Staff is also looking at applying for 4% tax credits in March 2020 to completely rehabilitate the project and bring it to County standards.

Courtyard at Cottonwood, Moreno Valley (Developer – Rancho Belago):  81 unit multi-family low income housing for families