Cal. Code Regs. Tit. 25, § 8212.1 - Allocation by Type of Activity and Rural Location

(a) HOME funds will be divided into three separate allocations, one for rental projects, one for programs, and one for first-time homebuyer projects, with the percentage of each allocation based on the actual application demand expressed as a dollar amount requested in response to the initial NOFA of a funding cycle. However, under the initial NOFA, in no event shall the allocation for rental projects or the allocation for programs decline below 40 percent of the total funds available, and in no event shall the allocation for first-time homebuyer projects decline below 5 percent of the total funds available.

(b) If the minimum allocation is not fully subscribed for applications submitted under the initial NOFA, the remaining funds may be:

(i) transferred to another allocation;

(ii) made available under a subsequent NOFA; or

(iii) a combination of both (i) and (ii). Funds made available under a subsequent NOFA may be:

(A) made available on a first come-first served basis for a maximum of nine months from the application deadline under the initial NOFA, or

(B) for programs, may be divided equally among all eligible applicants requesting funds.

(c) In making its determination of how to allocate remaining funds pursuant to subsection (b), the Department shall, at a minimum, consider: (i) the amount of funds remaining; (ii) any remaining demands under a fully subscribed allocation; (iii) the potential future demand for program funds based on expenditure information on file with the Department; and (iv) the anticipated timing and amount of the initial NOFA for the next funding cycle.

(d) Rental projects will compete against rental projects, first-time homebuyer projects will compete against first-time homebuyer projects and programs will compete against programs.

(e) At least 50 percent of HOME funds awarded will be reserved for applicants qualifying for rural points, as stated in 8212(b)(3). However, if an insufficient number of applications that qualify for rural points are eligible for funding pursuant to 8212(c) and 8212(d)(5), the remaining rural funding reservation will be used to fund any non-rural applications that are eligible for funding.

Notes

Cal. Code Regs. Tit. 25, § 8212.1

Note: Authority cited: Sections 50406 and 50896.3(b), Health and Safety Code. Reference: 24 CFR Section 92.150; and Sections 50896, 50896.1 and 50896.3, Health and Safety Code.

1. New section filed 1-22-2001; operative 1-22-2001 pursuant to Government Code section 11343.4(c) (Register 2001, No. 4).
2. Amendment of section heading, designation of existing section as subsection (a) and new subsection (b) filed 12-19-2001; operative 12-19-2001 pursuant to Government Code section 11343.4 (Register 2001, No. 51).
3. Amendment filed 9-9-2004; operative 9-9-2004 pursuant to Government Code section 11343.4 (Register 2004, No. 37).
4. Amendment filed 8-12-2005; operative 9-11-2005 (Register 2005, No. 32).
5. Amendment filed 12-10-2007; operative 12-10-2007 pursuant to Government Code section 11343.4 (Register 2007, No. 50).