Meeting Time: November 08, 2022 at 9:00am PST

Agenda Item

The County was allocated $71,185,473 in CDBG-ER funds from the U.S. Department of Housing and Urban Development (HUD), through the California Department of Housing and Community Development (HCD) for the Multifamily Housing Program (MHP). The County is slated to provide funding for nine multifamily housing projects, of which two are already under construction. Additionally, the County was allocated $72,772,679 from HCD for the CDBG-DR Infrastructure Program. The Board of Supervisors set project priorities on October 25, 2022 and staff are working on project implementation. CDBG-DR project expenses must first be paid by the County and then reimbursed by HCD. The Board previously provided authority to advance cash from the General Fund to the CDBG Program Grants Fund for community development projects. Given that CDBG-DR funds are related to the Camp Fire and the significant costs for the MHP and DR-Infrastructure projects, staff recommend the Board authorize a cash advance from the PG&E Settlement Fund to the CDBG Program Grants Fund or the Capital Projects fund as needed for CDBG-DR MHP or DR-Infrastructure projects. The HCD could take between 60-120 days to reimburse the County for expenses. The cash advance impact to interest earnings in the PG&E Fund will be minimal as the advance will be for a short period of time. (County Administration)