State funds for affordable and first-time housing purchasing programs
The City of Roseville was awarded a check for $1,663,000 from the state July 12, which will go toward expanding its affordable housing and first time homebuyer programs.
The checks, presented in a ceremony in Stockton by the California Department of Housing and Community Development (HCD), will be used to help finish a development that will add 65 new affordable housing units in Roseville.
Jan Shonkwiler, Housing Programs Manager for the City, said the recognition of Roseville’s affordable housing effort will help its proactive efforts to make home ownership a reality for more residents than ever, when units at the subdivision recently named Monet and constructed by Standard Pacific Homes, located at 1501 Parkside Drive, become available for purchase early next year.
‘It’s gratifying that the State recognizes our firm dedication to affordable housing. Sixty five fortunate first time home buyers will have their buying power increased by $26,000 in order to purchase these new single family homes,’ Shonkwiler said.
The ceremony was part of $210.6 million distributed statewide to municipalities for housing programs eligible for Prop. 46 funds. Passed in 2002, Prop. 46 is a $2.1 billion housing bond designed to increase access to housing for Californians; the City received a check for $1,663,000 under HCD’s CalHome BEGIN (Building Equity and Growth in Neighborhoods) program, which assists cities like Roseville that have implemented affordable housing policies.
And in recognition of its proactive affordable housing policies, the City also was presented with a check for $81,739 from the state Workforce Housing Reward Fund — which was designed to recognize jurisdictions for producing affordable housing — to purchase 48 computers, along with printers and software for the new Mahany Library. The City applied for funds from the state programs earlier this year and succeeded on both counts.
‘These awards really show our commitment to affordable housing,’ added Shonkwiler.
Since its inception of the City of Roseville’s first-time homebuyer down payment assistance program, as well as the affordable purchase program in selected new subdivisions, these City programs have facilitated the purchase of 480 homes, with a total of $26.3 million in buyer assistance.
To learn more about the City of Roseville’s first-time homebuyer program, as well as other housing assistance programs, call (916) 774-5270 or go to www.roseville.ca.us/housing. Interested persons can also be added to the interest list for upcoming affordable units in new subdivisions (including this project