Oxnard—The City Council approved an amendment to the City’s Five-Year Permanent Local Housing Allocation Plan during its Tuesday, July 29 meeting.
HOUSING Director Emilio Ramirez presented the amendment and said Senate Bill 2, the Building Homes and Jobs Act, created the first permanent funding source for affordable housing in California in 2017.
“Revenue is generated through recording fees on real estate transactions that will fluctuate from year to year, depending on activity, and 70 percent of revenues collected are to be used to provide financial assistance to local governments and eligible housing and homelessness activities through the Permanent Housing Allocation Program,” he said.
Ramirez said the grant offers non-entitlement and entitlement jurisdictions for non-competitive awards, and the City of Oxnard is one of the jurisdictions.
“During the first period of five years, from 2018-23, the City was awarded $6.9 million,” he said. “In order to receive the funds, the City is required to produce a plan indicating to the State of California how we would be using those funds. We did so, and in that plan, there were four eligible uses. Including the development of affordable housing, the development of the Homeless Shelter on Second and B, the operation…
