Permanent Local Housing Allocation (PLHA)
The purpose of the Permanent Local Housing Allocation is to provide a permanent source of funding to all local governments in California to help cities and counties implement plans to increase the affordable housing stock. The County will receive approximately $3,890,000 over the five-year term of the grant. The County’s grant application allocates these funds to the following activities:
- Direct financial support for the development, acquisition, and preservation of multifamily housing that is affordable to households up to moderate-income. Moderate-income for the PLHA program is defined as households earning up to 150% of Area Median Income, adjusted for household size. For a household of 4, this means an annual income of up to $122,400.
- Capitalizing the Local Housing Trust Fund.
- Providing Capitalized Reserves for Services connected to the preservation and creation of new affordable housing. A capitalized operating reserve refers to funding that is set aside at the beginning of a project to cover potential or projected operating deficits over time. These costs are “capitalized” because the funding to cover them is included up- front as a capital cost within the project's development budget.
- Assisting persons who are experiencing or at-risk of homelessness.
ii) Grant Applications & Reports
PLHA 20-21 Award Letter 2022-03-15