Appendix H: Potential Funding Opportunities

According to Downey’s 2014-2021 Housing Element and the Homelessness Task Force Report prepared by the California State Association of Counties, League of California Cities, and Institute for Local Government, the City and City residents are eligible to access the Federal and State Funding Sources, Potential Future Funding Sources, and Local Funding Sources listed below. While the City may not be an eligible direct recipient for all sources listed, knowledge of available funding can assist with collaboration and advocacy efforts. For a complete list of funding options recommended by the Homelessness Task Force Report, see pages 11-15 of the Homelessness Task Force Report 2018.

Federal and State Funding Sources:

Provided by the Homelessness Task Force Report 2018

Item Funding Source

Shelters and Prevention Emergency Solutions Grant (ESG) Housing HOME Investment Partnerships Program (HOME) Housing and Services HUD Continuum of Care Program Housing Community Development Block Grant (CDBG) Housing Section 8 Housing Choice Vouchers Housing HUD-Veterans Affairs Supportive Housing (VASH) vouchers Behavioral Health Substance Abuse and Mental Health Services Administration (SAMHSA) Grants

Prevention

U.S. Department of Veterans Affairs’ Supportive Services for Veteran Families (SSVF) Prevention, Employment Temporary Assistance for Needy Families (TANF)/CalWORKs Housing, Case Management CalWORKs Housing Support Program Youth McKinney-Vento grants Law Enforcement Prevention Housing Behavioral Health Law Enforcement Assisted Diversion (LEAD) Grant Housing Rehabilitation Services Rental Assistance CalHFA Mental Health Services Act Funds

2015-2021 Consolidated Plan: “The Low-Income Housing Tax Credit is a significant source of equity for rental housing development. The credit serves as a valuable income tax benefit to corporate investors. Investors will contribute cash for the development cost of a low-income developent in order to obtain these dollar for dollar tax benefits from the federal government. The City’s 2012 50-unit affordable housing development, Downey View, has received more than $8 million in tax credit funding. The Downey View was one of only twelve developments in LA County to have been selected by the CA Tax Credit Allocation Committee to receive $8.8 million in 9% federal Low Income Housing Tax Credits. The Downey View will provide affordable high

quality rental units, which will include two and three bedroom apartments, a community center, gardens, computer lab and controlled access gates” (52).

Potential Future Funding Sources

Provided by the Homelessness Task Force Report 2018

SB 2: Passed in 2017, the details related to SB 2 funding are still emerging. SB 2 creates a permanent source of funding for affordable housing with 50 percent of the first year of funding specifically for people experiencing or at risk of homelessness. After the first year of funding, 70 percent of the funding will be allocated to local governments for uses including affordable housing development, matching funds for programs that assist people experiencing or at risk of homelessness.

SB 3: Passed in 2017, SB 3 places a $4 billion affordable housing and Veterans housing bond on the November 2018 statewide ballot. Cities and counties are eligible to apply for various programs that would be funded by the bond.

Local Funding Sources:

 Public safety funding and resources  Local sales and use tax  Animal care and regulation fees  Transit or transportation assistance  Development fees  Transient occupancy taxes  Bond proceeds  General Fund