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Item 4.6 Housing Program Updates.pdf

Chula Vista City Council
December 6, 2022

Document
Item 4.6 Housing Program Updates.pdf
Meeting
December 6, 2022
Body
Chula Vista City Council
Original file
1.4 MB
Text extracted from the city's file for reading and search. Open the original on pub-chulavista.escribemeetings.com. That file is the official record.

HOUSING &

HOMELESS SERVICES
Item 4.6 - Special Orders of the Day
Housing Program Updates
Presented by:

Stacey Kurz, Director of Housing & Homeless Services
Naader Ho, Management Analyst
COVID-19 Emergency Rental
Assistance Program (ERAP)
• Funds from State & Federal totaling
$42,237,983
• 8,522 residents in Chula Vista stabilized
• 755 landlords impacted

Rental Assistance
• Continued partnership with
SBCS to provide homeless
prevention resources
Homeless Prevention
Programs
Shallow Rent Subsidy Program
• CCDC funded $350,000 for 2 years
• Currently 25 older adults receiving
an average $300 monthly in rental
subsidy

First-Time Homebuyer
Program
Administered by the San
Diego Housing
Commission:
https://www.sdhc.org/housing
-opportunities/first-time-
homebuyers/
Gap financing available up to
$120,000 to be used toward
down payment and closing
costs.

Eligible Household Criteria
• No ownership interest in residential property within the past three years.
• Total household annual income at or below (per HUD 04/18/22):
• Home must be owner-occupied as Principal Residence.
• Must be a U.S. citizen or Permanent Resident.
• Household must qualify for a mortgage loan through a
participating lender.
• A minimum of 3% of the total purchase price must be contributed by buyer.
• Maximum liquid assets after close may not exceed $25,000. • Applicants must attend a HUD certified homebuyer education class and pre-purchase counseling.

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