Meeting Summary
Present: 4-Nelson, 5-Lavagnino, 3-Hartmann, 2-Capps
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At a glance
2023 Home Key Program Application (First District)
- Staff recommended striking specific language to clarify the loan repayment term ends no later than December 31, 2023.
- The recommendation ensures the loan is not amended to match Home Key documents that may include longer terms.
- The Chair confirmed staff verification that the changes allow timely disbursement for affordable housing development.
- The board approved the staff recommendation with the identified changes to Recommended Actions A, B, and C.
Full summary
Administrative Item 1: 2023 Home Key Program Application (First District)
- Discussion: The item, sponsored by the Community Services Department, involved considering recommendations regarding the 2023 Home Key program application. A recommendation was made to strike specific language from Recommended Action A to clarify that the repayment term for the loan is no later than December 31, 2023, and to ensure the loan is not amended to be subject to the terms and conditions of Home Key matching loan documents, which may include longer terms. The Chair noted that staff had verified that the proposed changes would allow for disbursement in time to facilitate affordable housing development using budgeted district funds.
- Motion: A motion was made to approve the staff recommendation with the changes identified by the County Council, specifically regarding Recommended Actions A, B, and C.
- Second: The motion was seconded.
- Decision: The board voted on the motion.
- Outcome: The motion passed unanimously.