2240 Dept of Housing & Community Development
Major Program Changes
  • The Budget continues the implementation of Proposition 1C, reflecting a decrease of $202 million, from $973 million in 2007-08 to $771 million in 2008-09. This includes $30 million in planned awards for the Housing Urban-Suburban-and-Rural Parks Program, as well as 2.0 positions and $583,000 for implementation. Proposition 1C expenditures reflect HCD's best estimate as to how much funding can be spent during the year.

  • The Budget reflects a one-time encumbrance in 2007-08 of $170 million for the California Homebuyers Downpayment Assistance Program and the Residential Development Loan Program, which are administered by the California Housing Finance Agency. The CalHFA will use these funds over the next several years to increase lending for home development and ownership.