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Attachment B - PLHA Proposed Amendment

Visalia City Council
November 7, 2022

Document
Attachment B - PLHA Proposed Amendment
Meeting
November 7, 2022
Body
Visalia City Council
Original file
1.3 MB
Text extracted from the city's file for reading and search. Open the original on visalia.legistar1.com. That file is the official record.

Proposed PLHA Amendment
City Council Meeting
November 7th, 2022

Permanent Local Housing Allocation (PLHA)
City receives an annual allocation of PLHA funds from HCD. PLHA funds are 70% of the revenue generated by a $75 recording fee on real estate documents to address the shortage of affordable housing.

Original Projected PLHA Plan Years 1-3

Proposed PLHA Amendment I Actual Annual Allocations

Available Reallocation - $106,865
$70,965 in FY 20/21 is committed for FY 22/23, FY 23/24, and FY 24/25.

Warming Center requested additional PLHA funds for a year-round lease to operate Warming and Cooling Center, but not eligible use of PLHA funds.

Proposed PLHA Amendment II
Transfer a total of $808,209 for the Development of the Navigation Center.

Transfer FY 22-23 Navigation Center Operating to Development $701,344.

Reallocate unspent prior year funds from the Warming Center $106,865.

PLHA Proposed Amendment

City Navigation Center Development Funding

Proposed Amendment Benefits

Other Eligible ActivitiesRequires Formal Amendment to HCD

Other ActivitiesNot Recommended

Recommendation

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