Section 7156 - Application Process(a) For New Local Housing Trust Funds, the Department periodically shall issue a NOFA that specifies, among other things, the total amount of funds available, the total amount of funds available for New Local Housing Trust Funds in counties of less than 425,000 persons, the terms and conditions of the award of Program Funds and the final deadline for application. Applications will be accepted on an over-the-counter basis, and "complete" applications, as described in subsection (b)(1), will be funded on a first come-first serve basis until funds are exhausted, or the final deadline has expired, whichever occurs sooner. In the event that insufficient funds are available to fund all complete applications received on the same date, the applications will be evaluated and funded based on the criteria set forth in subdivision (b)(2), except there will be no preference given for meeting the requirement of subdivision (b)(2)(A).(b) For Existing Local Housing Trust Funds, the Department shall periodically issue a NOFA that specifies, among other things, the amount of funds available, the terms and conditions of the award of Program Funds, and the application deadline. (1) Only complete applications shall be considered for funding. In order to be considered "complete" an application must have substantially all of the information requested and provide adequate documentation and information for the Department to determine the Local Housing Trust Fund's eligibility for funding pursuant to Health and Safety Code Section 50843.5 and this subsection. The applicant shall bear the burden of demonstrating compliance with these requirements.(2) In the event that the amount of funding requested in complete applications exceeds the funds available, applications shall be evaluated and funded using criteria published in the NOFA, including, but not limited to the following, with a preference given to applications to the extent they meet the requirements of (A) and (B); (A) The extent to which the applicant agrees to expend more than 65 percent of its Program Funds for the purpose of providing downpayment assistance to First-time Homebuyers.(B) The extent to which the applicant agrees to provide Matching Funds from sources other than residential Local Impact Fees.(C) The extent to which the applicant agrees to expend more than 30 percent of the total amount of its Program Funds and Matching Funds to serve persons and families of Extremely Low Income.(D) The extent to which the applicant agrees to expend less than 20 percent of the total amount of its Program Funds and Matching Funds to serve persons and families with incomes exceeding 120 percent of the area median income.(E) The extent to which the applicant agrees to provide Matching Funds in excess of the amount of Program Funds.Cal. Code Regs. Tit. 25, § 7156
1. New section filed 12-5-2008; operative 12-5-2008 pursuant to Government Code section 11343.4 (Register 2008, No. 49). Note: Authority cited: Section 50406(n), Health and Safety Code. Reference: Sections 50843.5 and 53545.9(c), Health and Safety Code.
1. New section filed 12-5-2008; operative 12-5-2008 pursuant to Government Code section 11343.4 (Register 2008, No. 49).