CalHOME Reuse housing fund budget amendment
Summary
The city is lending $199,000 from reserves to fix up a qualifying homeowner's house, with loan repayments recycling into future loans. Council members called it one of the city's best programs.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 16, 2026.
Impact analysis
$199,000 from reserves, expected to return through loan repayment at 3–5% simple interest.
One qualifying low-income homeowner, and future applicants as loans recycle.
Mentions & discussions (3)
City Council Regular Meeting — September 16, 2026
The city is moving to amend its FY 2026-27 budget for the CalHOME Reuse fund, which supports affordable housing. The ordinance was introduced on first reading and will come back for final action.
Planning Commission Regular Meeting — September 10, 2026
The city gets state housing money automatically — $679,888 for 2019-2023 and $423,613 for 2024-2028 — and uses it for shelters and emergency rental assistance, mostly through countywide nonprofits. Only one Pacific Grove renter has used the rental assistance program so far; commissioners pushed for more local outreach.
City Council Regular Meeting — February 18, 2026
The city is lending $199,000 from reserves to fix up a qualifying homeowner's house, with loan repayments recycling into future loans. Council members called it one of the city's best programs.
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