Resolution No. 2021-045RESOLUTION NO. 2021-45
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON
APPROVING AND AUTHORIZING THE SUBMITTAL OF A PERMANENT
LOCAL HOUSING ALLOCATION (PLHA) PROGRAM APPLICATION TO
THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT AND ADOPTING THE PLHA PLAN FOR THE
PERMANENT LOCAL HOUSING PROGRAM
SECTION 1. Recitals.
A. On December 8, 2021. the Vernon Housing Commission voted to recommend the
City Council approve and authorize the submittal of a Permanent Local Housing
Allocation (PHLA) Program application to the California Department of Housing and
Community Development.
B. The State of California Department of Housing and Community Development
(HCD) is authorized to provide up to $304 million under the SB 2 Permanent Local
Housing Allocation Program Formula Component from the Building Homes and Jobs
Trust Fund for assistance to Cities and Counties (as described in Health and Safety Code
Section 50470 et seq. (Chapter 364, Statutes of 2017 (SB 2)).
C. HCD issued a Notice of Funding Availability (NOFA) dated May 3, 2021, under the
PLHA.
D. The City of Vernon (City) is an eligible local government that intends to apply for
program funds to administer one or more eligible activities.
E. HCD may approve funding allocations for PLHA Program, subject to the terms and
conditions of the Guidelines, NOFA, Program requirements, the Standard Agreement,
and other contracts between HCD and PLHA grant recipients.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF VERNON AS FOLLOWS:
SECTION 2. The City Council of the City of Vernon hereby finds and determines
that the above recitals are true and correct.
SECTION 3. If the City receives a grant of PLHA funds for HCD pursuant to the
above referenced PLHA NOFA, it represents and certifies that it will use all such funds
in a manner consistent and in compliance with all applicable state and federal statutes,
rules, and regulations, and laws, including without limitation all rules and laws regarding
the PLHA Program, as well as any and all contracts the City may have with HCD.
SECTION 4. The City Council hereby authorizes and directs the City to apply for
Resolution No. 2021-45
Page 2 of 3
_______________________
a PLHA grant, in an amount not to exceed the five-year estimate of the PLHA formula
allocations, as stated in Appendix C of the current NOFA.
SECTION 5. The City hereby agrees to use the PLHA funds for eligible activities
as approved by HCD and in accordance with all Program requirements, Guidelines, other
rules, and laws, as well as in a manner consistent and in compliance with the Standard
Agreement and other contracts between the City and HCD.
SECTION 6. In accordance Section 302(c)(4) of the Guidelines, the City Council
hereby adopts the City’s PLHA Plan for the 2019 -2023 Allocations and certifies
compliance with all public notice, public comment, and public hearing requirements in
accordance with the Guidelines.
SECTION 7. The City shall be subject to the terms and conditions as specified in
the Standard Agreement, the PLHA Program Guidelines and any other applicable SB2
Guidelines published by HCD.
SECTION 8. The City Council hereby authorizes the Director of Public Works to
execute the PLHA Program Application, the PLHA Standard Agreement and any
subsequent amendments or modification thereto, as well as any other documents which
are related to the Program to the PLHA grant awarded to the City, on behalf of, the City
of Vernon and the City Clerk is hereby authorized to attest thereto, as HCD may deem
appropriate.
SECTION 9. The City Clerk shall certify the passage and adoption of this resolution
and enter it into the book of original resolutions.
APPROVED AND ADOPTED this 15th day of December, 2021.
_____________________________
MELISSA YBARRA, Mayor
ATTEST:
LISA POPE, City Clerk
(seal)
APPROVED AS TO FORM:
ZAYNAH N. MOUSSA,
Interim City Attorney
Resolution No. 2021-45
Page 3 of 3
_______________________
I CERTIFY THAT THE FOREGOING RESOLUTION NO. 2021-45 was passed and
adopted by the City Council of the City of Vernon at the Special meeting on December
15, 2021 by the following vote:
AYES: 4 Council Members: Lopez, Merlo, Davis, Ybarra
NOES: 0
ABSENT: 1 Council Member: Larios
ABSTAIN: 0
________________________________
LISA POPE, City Clerk
(seal)
City Council Agenda Item Report
Submitted by: Daniel Wall
Submitting Department: Public Works
Meeting Date: December 15, 2021
SUBJECT
Permanent Local Housing Allocation Application to the Department of Housing and
Community Development
Recommendation:
Adopt Resolution No. 2021-45 approving and authorizing the submittal of a Permanent Local
Housing Allocation (PHLA) Program application to the California Department of Housing and
Community Development and adopting the PLHA plan for the Permanent Local Housing
Program.
Background:
On May 3, 2021, the Department of Housing and Community Development (HCD) released
the Permanent Local Housing Allocation (PLHA) Program Entitlement and Non-Entitlement
Formula Component Notice of Funding Availability (NOFA). Under this formula, the City of
Vernon’s funding allocation (FA) is $392,000 of the total $304 million available to local
jurisdictions (Applicants). The PLHA program was established to assist local governments
fund housing-related projects and programs to address the unmet housing needs in their
communities. The application is due December 31, 2021.
The Vernon Housing Commission at its December 8, 2021 meeting voted to recommend the
City Council approve and authorize the submittal of a Permanent Local Housing Allocation
(PHLA) Program application to the California Department of Housing and Community
Development.
Eligible Activities
HCD has identified a wide range of activities eligible under this program and requests that the
applicant provide a plan (Plan) outlining their intended eligible activities.
1. Predevelopment, development, acquisition, rehabilitation, and preservation of multifamily,
residential live-work, rental housing;
2. Predevelopment, development, acquisition, rehabilitation, and preservation of affordable
rental and ownership housing, which includes accessory dwelling units (ADUs);
3. Matching funds to be placed local or regional housing trust funds;
4. Matching funds for the Housing Asset Fund;
5. Capitalized reserves for services connected to the preservation and creation of new
permanent supportive housing;
6. Assisting person who are experiencing or at risk of homelessness via Rapid Rehousing,
rental assistance, street outreach, and supportive services;
7. Accessibility modifications for lower-income owner-occupied housing;
8. Efforts to acquire and rehabilitate foreclosed or vacant homes and apartments;
9. Homeownership opportunities (I.e. down payment assistance); and
10. Fiscal incentives in the form of a grant or low-interest loan
If awarded, the City plans to use this funding towards homeownership opportunities including,
but not limited to, a down payment assistance program.
Threshold Requirements
HCD communicated that this is a low-barrier funding opportunity. As such, Applicants will
generally receive their funding allocations so as long as they submit a complete application
that meets threshold requirements. Applicants must have submitted their updated Housing
Element by the application deadline and have subsequently determined to follow state
Housing Element law. Applicants must also submit to HCD the Annual Progress Report
(APR). The completed application must include authorization from the governing body (via
Resolution) to submit an application. In addition to the Plan detailing how allocated funds will
be used for eligible activities, a description of the methods by which the applicant will prioritize
investments that will increase housing stock for households with an income at or below 60%
area median income (AMI) is also required. The Plan should also demonstrate consistency
with the applicant’s Housing Element.
The Plan shall be in effect for five (5) years. Plan years are based on the year during which
the funds were accrued by the state (2019-2023). After Applicants have been awarded their
first year FA, they must demonstrate all threshold requirements continue to be met in
subsequent years. HCD approval will be required for any amendments during the term.
The City of Vernon has a funding allocation under this grant and can adequately demonstrate
its ability to undergo projects that are considered eligible activities. If awarded, the City of
Vernon plans to use this funding towards homeownership opportunities. Next steps include
deliberating with necessary stakeholders to design a program to provide homeownership
opportunities. Resolution No. 2021-45 will approve and authorize the Director of Public Works
to apply for PLHA funding and, if awarded, will allow the Director to enter into, execute, and
deliver a Standard Agreement with the State of California and any and all other documents
required to evidence and secure PLHA Program funds.
Pursuant to the PLHA Program Final Guidelines Section 302 (4)(D), on November 25, 2021,
the public hearing notice was posted at City Hall and published in the Los Angeles Wave
(Huntington Park Bulletin) (Attachment 1).
Fiscal Impact:
There is no fiscal impact associated with this report. If the City's PLHA application is accepted,
Vernon will be awarded a funding allocation of $392,000.
Attachments:
1. Resolution No. 2021-45
2. PLHA - Notice of Public Hearing
3. Appendix C of PLHA NOFA
4. PLHA PLAN
5. PLHA Program Application
City of Vernon
NOTICE OF CITY COUNCIL PUBLIC HEARING
The City Council of the City of Vernon will conduct a public hearing, which you may attend, at Vernon City Hall, City
Council Chamber, 4305 Santa Fe Avenue, Vernon, CA 90058, on Tuesday, December 7, 2021,at 9:00 a.m.(or as soon
thereafter as the matter can be heard), to:
Consider adoption of a resolution approving and authorizing the submittal of a Permanent Local Housing
Allocation Program (PLHA) application to the California Department of Housing and Community Development
and adopting the PLHA Plan for the Permanent Local Housing Program.
The proposed resolution will be available for public review on the City’s website once the agenda for the meeting is
posted or from the City Clerk at CityClerk@ci.vernon.ca.us or 323-583-8811, ext. 546.
Please send your comments or questions to:
Daniel Wall, Director of Public Works
City of Vernon
4305 Santa Fe Avenue
Vernon, CA 90058
(323) 583-8811 Ext. 305
Email: dwall@ci.vernon.ca.us
If you challenge adoption of the proposed resolution or any provision thereof in court, you may be limited to raising only
those issues you or someone else raised at the hearing described in this notice or in written correspondence delivered to
the City of Vernon at, or prior to, the meeting.
In compliance with the Americans with Disabilities Act (ADA), if you need special assistance to participate in the
meeting, please contact the Office of the City Clerk at (323)583-8811 ext. 546.
The hearing may be continued, adjourned, or cancelled and rescheduled to a stated time and place without further
notice of a public hearing.
__________________________________
Lisa Pope, City Clerk
Posted: November 22, 2021
Publish:November 25,2021
4305 Santa Fe Avenue
Vernon, CA 90058
(323) 583-8811
Department of Housing and Community Development
Permanent Local Housing Allocation
2021 Entitlement and Non-Entitlement Local government Formula Allocation NOFA
Appendix C
Estimate of Five-Year PLHA Allocation for Entitlement and
Non-Entitlement Local government
Entitlement Local government Non-Entitlement Local government
Local government Estimate 5-Year
Funding Amount Local government Estimate 5-Year
Funding Amount
Alameda $3,352,590 Alpine County $408,390
Alhambra $2,793,768 Alturas $475,835
Aliso Viejo $715,062 Amador City $395,168
Anaheim $12,931,710 Amador County $805,115
Antioch $2,365,410 American Canyon $704,612
Apple Valley $1,725,366 Anderson $622,622
Bakersfield $10,385,412 Angels $487,737
Baldwin Park $2,929,068 Arcata $1,056,372
Bellflower $3,081,744 Artesia $814,372
Berkeley $7,761,504 Arvin $831,563
Buena Park $2,215,452 Atwater $949,257
Burbank $2,863,092 Auburn $719,158
Camarillo $812,124 Avenal $627,912
Carlsbad $1,635,492 Benicia $848,754
Carson $2,488,380 Biggs $424,261
Cathedral City $1,699,338 Bishop $502,283
Cerritos $655,278 Blue Lake $409,715
Chico $2,342,088 Brawley $906,940
Chino $1,496,190 Butte County $2,000,572
Chino Hills $1,063,710 Calaveras County $1,238,865
Chula Vista $6,356,898 Calexico $1,222,996
Citrus Heights $1,876,554 Calimesa $532,699
Clovis City $2,193,654 Calipatria $462,611
Compton $4,618,320 Calistoga $511,540
Concord $2,932,710 Capitola $630,557
Corona $3,492,018 Carmel-by-the-Sea $491,704
Costa Mesa $3,171,486 Chowchilla $662,295
Cupertino City $993,060 Clearlake $875,203
Daly City $3,070,926 Coalinga $618,655
Davis $1,817,544 Colfax $432,196
Delano City $1,950,744 Colusa $515,507
Downey $3,121,674 Colusa County $500,961
El Cajon $3,872,292 Corcoran $683,453
El Centro $1,475,988 Corning $555,180
Elk Grove $2,638,722 Crescent City $485,092
El Monte $5,083,752 Del Norte County $844,787
21
Department of Housing and Community Development
Permanent Local Housing Allocation
2021 Entitlement and Non-Entitlement Local government Formula Allocation NOFA
Entitlement Local government Non-Entitlement Local government
Local government Estimate 5-Year
Funding Amount Local government Estimate 5-Year
Funding Amount
Encinitas $936,264 Dinuba $889,749
Escondido $5,057,466 Dixon $692,710
Fairfield $2,345,460 Dorris $399,135
Fontana $5,886,732 Dos Palos $496,994
Fountain Valley $867,648 Dunsmuir $432,196
Fremont $3,846,960 El Centro $1,297,051
Fresno $20,445,618 El Dorado County $2,879,974
Fullerton $4,130,712 Etna $403,103
Gardena $1,979,262 Eureka $1,125,138
Garden Grove $5,966,058 Exeter $586,917
Gilroy City $1,465,554 Farmersville $589,562
Glendale $5,202,150 Ferndale $426,906
Glendora City $781,548 Firebaugh $572,371
Goleta $564,090 Fort Bragg $641,136
Hanford $1,772,808 Fort Jones $415,004
Hawthorne $3,676,914 Fortuna $651,715
Hayward $3,910,410 Fowler $486,414
Hemet $2,415,216 Glenn County $641,136
Hesperia $3,034,662 Grass Valley $813,049
Huntington Beach $3,290,970 Greenfield $839,497
Huntington Park $3,910,068 Gridley $555,180
Indio City $2,735,772 Grover Beach $727,093
Inglewood $4,414,656 Guadalupe $606,754
Irvine $4,547,862 Gustine $441,452
Laguna Niguel $920,484 Hidden Hills $428,228
La Habra $2,333,202 Hollister $1,081,498
Lake Forest $1,326,420 Holtville $495,671
Lake Elsinore $1,491,162 Humboldt County $2,066,693
Lakewood $1,625,082 Huron $597,497
La Mesa $1,132,854 Imperial $548,568
Lancaster $4,169,130 Imperial County $1,043,148
Livermore $1,251,240 Indian Wells $532,699
Lodi $2,017,590 Industry $393,581
Lompoc $1,362,162 Inyo County $622,622
Long Beach $17,560,704 Ione $452,032
Los Angeles $157,317,438 Jackson $524,764
Lynwood $3,788,322 King City $805,115
Madera $2,533,914 Kings County $980,995
Menifee $1,509,624 Lake County $1,450,450
Merced $3,112,314 Lakeport $475,835
Milpitas City $1,431,570 Lassen County $612,043
Mission Viejo $1,240,098 Lemoore $871,235
22
Department of Housing and Community Development
Permanent Local Housing Allocation
2021 Entitlement and Non-Entitlement Local government Formula Allocation NOFA
Entitlement Local government Non-Entitlement Local government
Local government Estimate 5-Year
Funding Amount Local government Estimate 5-Year
Funding Amount
Modesto $5,818,482 Lincoln $1,219,029
Montebello $1,900,548 Lindsay $703,289
Monterey $698,514 Live Oak $537,988
Monterey Park $1,913,226 Livingston $653,038
Moreno Valley $6,178,854 Loomis $490,382
Mountain View $1,539,306 Los Banos $1,129,105
Napa City $1,909,260 Loyalton $405,747
National City $2,359,146 Madera County $1,643,522
Newport Beach $1,017,678 Mammoth Lakes $490,382
Norwalk $3,556,572 Maricopa $400,458
Oakland $22,226,850 Marina $945,290
Oceanside $3,894,906 Mariposa County $770,732
Ontario $5,520,108 Marysville $662,295
Orange $3,644,898 McFarland $676,841
Oxnard $6,950,574 Mendocino County $2,099,753
Palmdale $4,674,384 Merced County $1,865,687
Palm Desert $1,027,836 Modoc County $458,644
Palm Springs $1,153,422 Mono County $462,611
Palo Alto $1,388,976 Montague $412,359
Paradise $561,576 Mount Shasta $539,311
Paramount City $2,629,182 Napa County $859,334
Pasadena $5,616,456 Nevada City $473,190
Perris City $2,799,192 Nevada County $1,837,916
Petaluma $1,106,142 Orange Cove $608,076
Pico Rivera $2,033,838 Orland $555,180
Pittsburg $1,906,098 Oroville $822,306
Placentia $1,288,644 Pacific Grove $712,546
Pleasanton City $906,534 Palos Verdes Estates $580,305
Pomona $6,410,670 Parlier $801,148
Porterville $2,056,524 Pismo Beach $597,497
Rancho Cordova City $1,712,196 Placer County $2,730,542
Rancho Cucamonga $2,702,856 Placerville $664,940
Rancho Santa Margarita $608,376 Plumas County $727,093
Redding $2,020,884 Plymouth $404,425
Redondo Beach $784,980 Point Arena $404,425
Redwood City $2,086,314 Portola $452,032
Rialto $3,586,716 Rancho Mirage $1,032,569
Riverside $9,732,750 Red Bluff $744,284
Rocklin City $807,828 Rio Dell $474,513
Rosemead $2,059,428 Rio Vista $577,661
Roseville $1,880,196 Riverbank $732,382
Sacramento $14,142,402 San Benito County $727,093
23
Department of Housing and Community Development
Permanent Local Housing Allocation
2021 Entitlement and Non-Entitlement Local government Formula Allocation NOFA
Entitlement Local government Non-Entitlement Local government
Local government Estimate 5-Year
Funding Amount Local government Estimate 5-Year
Funding Amount
Salinas $6,041,082 San Joaquin $471,868
San Bernardino $9,732,162 San Juan Bautista $455,999
San Clemente $1,134,240 San Juan Capistrano $1,418,712
San Diego $34,741,098 Sand City $402,838
San Francisco $52,308,210 Santa Cruz County $3,395,713
San Jose $26,091,876 Scotts Valley $622,622
San Leandro $2,099,760 Shasta County $1,721,544
San Marcos City $1,915,068 Shasta Lake $613,366
San Mateo $2,051,364 Sierra County $405,747
Santa Ana $16,822,236 Siskiyou County $852,722
Santa Barbara $2,718,654 Solano County $769,410
Santa Clara $2,876,946 Soledad $725,770
Santa Clarita $3,529,554 Sonora $548,568
Santa Cruz $1,588,464 South Lake Tahoe $994,219
Santa Maria $4,400,826 St. Helena $534,021
Santa Monica $3,285,096 Suisun City $928,099
Santa Rosa $4,165,950 Susanville $559,147
Santee $806,244 Sutter County $698,000
Seaside $1,158,744 Sutter Creek $471,868
Simi Valley $1,742,142 Taft $543,278
South Gate $4,327,920 Tehama $393,581
South San Francisco $1,307,880 Tehama County $1,120,113
Stockton $10,268,580 Trinidad $396,491
Sunnyvale $3,198,138 Trinity County $729,738
Temecula $1,640,358 Truckee $627,912
Thousand Oaks $1,776,240 Tulare County $3,501,506
Torrance $2,666,244 Tulelake $411,037
Tulare $1,910,598 Tuolumne County $1,453,095
Turlock $1,859,124 Ukiah $778,667
Tustin $2,313,270 Vernon $392,259
Union City $1,523,610 Wasco $813,049
Upland $1,667,022 Weed $459,966
Vacaville $1,443,000 Westmorland $436,163
Vallejo $3,032,214 Wheatland $432,196
San Buenaventura $2,144,634 Williams $485,092
Victorville $3,796,620 Willits $553,857
Visalia $3,784,890 Willows $561,792
Vista $2,453,292 Winters $532,699
Walnut Creek $830,694 Woodlake $539,311
Watsonville $2,175,090 Yolo County $819,661
West Covina $2,332,578 Yountville $486,414
Westminster $3,063,462 Yreka $612,043
24
Department of Housing and Community Development
Permanent Local Housing Allocation
2021 Entitlement and Non-Entitlement Local government Formula Allocation NOFA
Entitlement Local government Non-Entitlement Local government
Local government Estimate 5-Year
Funding Amount Local government Estimate 5-Year
Funding Amount
West Sacramento $1,420,074 Yuba County $1,634,265
Whittier $2,299,140
Woodland $1,493,934
Yorba Linda $639,174
Yuba City $1,866,840
Alameda County $5,603,190
Contra Costa County $13,021,068
Fresno County $9,860,088
Kern County $12,962,064
Los Angeles County $66,150,756
Marin County $4,353,426
Monterey County $3,890,280
Orange County $7,632,984
Riverside County $23,977,026
Sacramento County $16,324,956
San Bernardino County $20,754,846
San Diego County $11,879,796
San Joaquin County $7,861,158
San Luis Obispo County $5,235,012
San Mateo County $7,257,300
Santa Barbara County $3,418,722
Santa Clara County $4,420,398
Sonoma County $5,396,358
Stanislaus County $6,929,892
Ventura County $5,158,494
25
PERMANENT LOCAL HOUSING ALLOCATION PROGRAM PLAN
§302(c)(4) Plan Rev. 5/14/21
§302(c)(4)(A) Describe the manner in which allocated funds will be used for eligible activities.
With this funding, the City of Vernon plans to implement afirst-time homebuyers' downpayment assistance program. Staff will develop eligibility criteria, which will include income and credit threshold
requirements. Funds secured through this grant will be disbursed to qualifying individuals that are first-time homebuyers who meet eligibility critieria. With this funding, the City will provide and require that
applicants undergo afirst-time homebuyer educational program to learn the details of the homebuying process, including but not limitied to real estate and mortgage terminology, financial readiness, and fair
housing policy.
§302(c)(4)(B) Provide a description of the way the Local government will prioritize investments that increase the supply of housing for households with incomes at or below 60 percent of Area Median
Income (AMI).
The City of Vernon will develp a comprehensive application for its down payment assistance program. The application will apply additional weight to applications for households with incomes at or below 60
percent of Area Median Income to increase housing supply for this demograpic. Additionally, the City will continue to seek out additional financial resources that can be leveraged with this funding to assist
households within this demographic.
§302(c)(4)(C) Provide a description of how the Plan is consistent with the programs set forth in the Local Government's Housing Element.
The City of Vernon owns much of the housing within the City. Program 18 of the City's draft Housing Element calls for aCity-owned Housing Disposition Study. Afirst-time homebuyers' down payment
assistance program would be an important component in the dispostion of city-owned housing. The Housing Element contemplates diversified home ownership, and afirst-time homebuyers' down payment
assistance program would help ensure that ownership opportunites are available to a broad cross section of the population in the region.
Activities Detail (Activities Detail (Must Make a Selection on Formula Allocation Application worksheet under Eligible Activities, §301))
§301(a)(1) The predevelopment, development, acquisition, rehabilitation, and preservation of multifamily, residential live-work, rental housing that is affordable to extremely low-,very low-, low-, or moderate-
income households, including necessary Operating subsidies.
§301(a)(2) The predevelopment, development, acquisition, rehabilitation, and preservation of Affordable rental and ownership housing, including Accessory Dwelling Units (ADUs), that meets the needs of a
growing workforce earning up to 120 percent of AMI, or 150 percent of AMI in high -cost areas. ADUs shall be available for occupancy for a term of no less than 30 days.
§301(a)(3) Matching portions of funds placed into Local or Regional Housing Trust Funds.
§301(a)(4) Matching portions of funds available through the Low- and Moderate-Income Housing Asset Fund pursuant to subdivision (d) of HSC Section 34176.
§301(a)(5) Capitalized Reserves for Services connected to the preservation and creation of new permanent supportive housing.
§301(a)(6) Assisting persons who are experiencing or At risk of homelessness, including, but not limited to, providing rapid rehousing, rental assistance, supportive/case management services that allow
people to obtain and retain housing, operating and capital costs for navigation centers and emergency shelters, and the new construction, rehabilitation, and preservation of permanent and transitional
housing.
§301(a)(7) Accessibility modifications in Lower-income Owner-occupied housing.
§301 a 8 Efforts to ac uire and rehabilitate foreclosed or vacant homes and a artments.
§301(a)(9) Homeownership opportunities, including, but not limited to, down payment assistance.
PLHA Page 1 302(c)(4) Plan
PERMANENT LOCAL HOUSING ALLOCATION PROGRAM PLAN
§301(a)(10) Fiscal incentives made by a county to a city within the county to incentivize approval of one or more affordable housing Projects, or matching funds invested by a county in an affordable housing
development Project in a city within the county, provided that the city has made an equal or greater investment in the Project. The county fiscal incentives shall be in the form of a grant or low-interest loan to
an affordable housing Project. Matching funds investments by both the county and the city also shall be a grant or low-interest deferred loan to the affordable housing Project.
PLHA Page 2 302(c)(4) Plan