State of CA

HEART receives $2M grant from State Prop 1C funds

The California Department of Housing and Community Development (HCD) has awarded a $2 million matching grant to HEART as part of its competitive Local Housing Trust Fund Program funded by Proposition 1C, the housing bond measure approved by state voters in 2006. The funds, which should be available in 2012, provide $700,000 for affordable rental housing loans and $1.3 million for downpayment assistance loans to low and moderate-income families.

Valentines for HEART and possible state revenue

We had a tasty “friendraiser” event just before Valentine’s Day. You can see photos here. Many thanks to Borel Private Bank & Trust Co. for hosting the event at their San Mateo branch! Also, the State contemplates a permanent source of revenue for affordable housing.