FY 2024/25 Permanent Local Housing Allocation (PLHA) Plan City Council - December 16, 2023
Permanent Local Housing Allocation (PLHA)
Created to address the state’s housing shortage, which established a $75 recording fee on real estate documents to increase the supply of affordable housing.
Revenue is dependent on local real estate transaction with fluctuating activity. Thus, funding varies each year.
5-Year PLHA Funding
PLHA FY 2020/21 - 2024/25 Funding
Funding
FY 20/21 (2019 Allocation)
FY 21/22 (2020 Allocation)
FY 22/23 (2021 Allocation)
FY 23/24 (2022 Allocation)
FY 24/25
(2023 Allocation)
Total
PLHA
$630,815
$980,482
$1,078,990
$540,793
$414,999
$3,645,579
Approved FY 24/25 PLHA Activities
Activity
%
Administration
5%
Navigation Center Operational
65%
Warming Center
15%
Eden House
15%
Total
100%
FY 24/25 PLHA Amendment
On 10/16/24, HCD required all jurisdictions to prepare a FY 24/25 Amendment to allocate 40% to an Affordable Owner-Occupied Workforce Housing (AOWH) homeownership activity.
On 12/6/24, HCD notified the City that an amendment to the FY 24/25 plan is now only required for:
First-time applicants
Returning applicants who want or need to amend their FY 24/25 PLHA plan.
This means Visalia no longer needs to amend the FY 24/25 PLHA plan unless Council chooses. The 40% AOWH requirement will be part of the new 5 yr plan (25/26 – 29/30)
FY 24/25 PLHA Options
Activity
Current Budget
%
Optional Amendment Reduction
Amended Budget
%
Administration
$ 20,725
5%
$ (8,290)
$ 12,435
3%
AOWH Homeownership Activity
-
0%
165,800
165,800
40%
Navigation Center
269,425
65%
(107,771)
161,654
39%
Warming Center
62,175
15%
(24,870)
37,305
9%
Eden House
62,175
15%
(24,870)
37,305
9%
Total FY 2024/25 PLHA Funds
$ 414,499
100%
$ -
$ 414,499
100%
Public Comment Period
Reviewed on December 3, 2024 - Council Work Session.
10-day public comment: December 6, 2024 – December 16, 2024 Draft PLHA Amendment was on the City’s website for public review.
Public notice English and Spanish posted in the Visalia Times Delta.
Public hearing to allow public input tonight.
Staff Recommends
Conduct a Public Hearing.
Proceed with the approved FY 2024/25 PLHA Plan as approved by Council on July 20, 2020.
Affordable Owner-Occupied Workforce Housing (AOWH)
AOWH Activities:
Predevelopment, development, acquisition, or rehab of affordable ownership housing and/or down payment assistance.
Household Income Limit:
120% AMI or lower
Family of four $105,500