Housing Development

County Affordable Housing Update Presentation 12-4-14 for Kennedy Commission

2014 Affordable Housing Project Based Voucher (PBV)

NOTICE OF FUNDING AVAILABILITY

The County of Orange has released the 2014 Affordable Housing Project Based Voucher (PBV) NOTICE OF FUNDING AVAILABILITY.

The purpose of this Notice of Funding Availability (NOFA) is to make available up to 30 Project Based Housing and Urban Development Veterans Affairs Supportive Housing (HUD-VASH) vouchers and/or up to 100 Housing Choice vouchers, as authorized in HUD Notice PIH 2011-50 and the Orange County Housing Authority’s (OCHA) Administrative Plan, to provide supportive housing for homeless veterans with disabling health conditions. These subsidies are prioritized for applicants pursuing funding under the State VHHP program. Interested and qualified applicants who can successfully demonstrate their ability to provide supportive housing for veterans are encouraged to submit proposals.

OC Community Services will accept submissions for this NOFA on an over the counter basis. Phase I applications will be accepted through January 20, 2015 or until the vouchers are committed whichever occurs first (based on continuous review of applications submitted, Phase I could close prior to January 20, 2015). Should there be any additional remaining subsidies after Phase I, this NOFA may have a Phase II. If there is a Phase II, it will be subsequently noticed to the public through the County’s BidSync system and on this website.

Please refer any questions to:

Kevin Fincher
Housing Development Administrator
OC Community Services
1300 S. Grand Ave., Bldg. B
Santa Ana, CA 92705
kevin.fincher@occr.ocgov.com
714-480-2994

Announcement – Mortgage Assistance Program is Reopening!!!

The County’s Mortgage Assistance Program (MAP) provides silent (deferred payment) downpayment assistance loans to assist low-income first-time homebuyers (FTHB).  Eligible FTHB’s annual income must not exceed 80% of the Area Median Income (AMI).  The loans are designed to help with the down payment to purchase a home.  The 3% simple interest, deferred payment loan has a 30 year term and a maximum loan amount of $40,000.  Homebuyers must occupy the property as their primary residence.  There is a 1% minimum down payment requirement for this program and the total sales prices shall not exceed 85% of the Orange County median sales price for all homes, which as of May 2013 is $459,000 (85% of $540,000).  All applicants are required to attend a homebuyer education workshop.

If you are interested in the obtaining more information or an application for the MAP program, please contact our administration for the program, Affordable Housing Clearinghouse at (949) 859-9255 or view their website at http://www.affordable-housing.org/.