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Current City of Merced Affordable Housing Funding Resources

City Council/Public Finance and Economic Development Authority/Parking Authority
March 6, 2023

Document
Current City of Merced Affordable Housing Funding Resources
Meeting
March 6, 2023
Body
City Council/Public Finance and Economic Development Authority/Parking Authority
Original file
81 KB
Text extracted from the city's file for reading and search. Open the original on cityofmerced.legistar1.com. That file is the official record.

HUD Sources
HOME 707,000$ 678,389$ Available post HUD cleanup CDBG 758,000$ 76,128$ Available post HUD cleanup HOME ARP 1,988,000$ HOME ARP Plan required
HCD Sources
PLHA -$ -$ Future funding available PIP -$ 1,000,000$ Potential Award - Pro Housing Local Sources
Housing Successor 900,000$ Pledged for Gateway Terrace II Trust 500,000$
Total 4,853,000$ 1,754,517$
CAL Home 21 2,500,000$
Past program PI 1,300,000$ Requries state approvals 2,500,000$ 1,300,000$
Current Sources Future Sources and Notes
Housing Financial Resources
Current Sources Future Sources and Notes
Rentail - Mulit Family Assistance
Downpayment and Owner Occupied assistance

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