The County shall, in collaboration with community partners, provide down payment assistance to expand homeownership opportunities in Ventura County. Down payment assistance funds provided by the County may be used to leverage monies from other grants to provide additional assistance with the intent to make homeownership more attainable for families living in rental property.
Beginning in the FY 2022-23 County budget cycle and based upon the annual funding cycles thereafter, the CEO-Community Development shall implement notice of funding availability and application acceptance process per year during the Housing Element cycle. Priority application points shall be given to applications received from households from low opportunity and/or disadvantaged communities.
The County shall target an average of 12 down payment assistance each year, approximately $300,000, utilizing CDBG funds throughout the Entitlement Area.
TIMEFRAME AS CERTIFIED BY THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT