Title
Establishment of a First Time Home Buyer Mortgage Down Payment Assistance Program
Recommended Action
Approve a Resolution establishing the First Time Home Buyer, Mortgage Down Payment Assistance Program (MDPAP); and increasing the estimated Permanent Local Housing Allocation (PLHA) grant revenue from allocation years 2021 and 2022 by $1,034,137; and authorizing the City Manager, or designee, to promulgate the MDPAP guidelines, and negotiate and execute all applicable forms, conditional commitment letters, agreements, and subsequent amendments as needed to implement the MDPAP Program.