(a) (1) In this subdivision, âeligible jurisdictionsâ shall mean the following jurisdictions: (A) The councils of governments in Los Angeles County, excluding the jurisdictions described in subparagraphs (B) through (F), inclusive. (i) Funds, or a portion of the funds, provided to the San Gabriel Valley Council of Governments may be allocated by the council to the San Gabriel Valley Regional Housing Trust, and the trust shall use the funds pursuant to the same requirements as funding provided to the councils of governments. (ii) A council of government that creates and operates a regional housing trust that is consistent with the San Gabriel Valley Regional Housing Trust model shall be eligible to receive a direct allocation. If any regional housing trust is created that does not correspond to an existing council of government, the board shall have discretion to determine the appropriate pro rata funding allocation. (B) The City of Los Angeles. (C) The City of Long Beach. (D) The City of Glendale. (E) The unincorporated areas of Los Angeles County. (F) The City of Santa Clarita. (2) Revenue generated pursuant to this part shall be allocated according to the following geographic distribution schedule: (A) (i) Seventy percent of annual funding for the purpose of affordable housing preservation, affordable housing production, income assistance for extremely low-income households, and long-term, project-based rental assistance shall be allocated, based on the eligible jurisdictionâs pro rata lower income housing need, to the eligible jurisdictions, provided that the allocation is consistent with the eligible uses of the funding set forth in paragraph (1) of subdivision (d) of Section 64830. (ii) (I) Thirty percent of annual funding for the purpose of affordable housing preservation, affordable housing production, and long-term rental assistance, with no time limit, shall be allocated by the agency to the eligible jurisdictions consistent with the guiding principles of the agency and the eligible uses outlined in Section 64830. (II) At least 5 percent of funds allocated pursuant to subclause (I) shall be used for technical assistance grants to cities with a population under 50,000. (iii) If an eligible jurisdiction is found to be out of compliance with affordability targets at the end of a two-year period, the board may take any of the following actions: (I) Limit the funding for the jurisdiction to extremely low and very low income housing units only until compliance is reestablished. (II) Require the funding allocated to the jurisdiction to be administered by the agency instead of the jurisdiction. (III) Increase funding incentives as needed to meet project and programmatic targets. (iv) (I) Any eligible jurisdiction may receive a direct allocation of all or part of the jurisdictionâs funding described in this subparagraph if all of the following conditions are met: (ia) The jurisdiction agrees to adopt and adhere to agency financing policies and guidelines, including public engagement and notice provisions outlined in this chapter. (ib) All funded projects are in compliance with the agencyâs eligible uses and affordability requirements. (ic) The jurisdiction agrees to allocate its funding within 12 months through administrative processes without being subject to additional legislative process. (id) The jurisdiction is in compliance with Affirmatively Furthering Fair Housing in California guidelines. (II) (ia) Once committed to a specific project, funds shall remain available for expenditure for an additional five years, unless an extension is authorized pursuant to sub-subclause (ib). (ib) If the funds have not been expended within five years of receipt as required in sub-subclause (ia), the jurisdiction shall show that it has made adequate progress towards completing the project. If the agency finds that the city has made adequate progress, the agency shall authorize an additional 24 months to grant entitlements to th
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.