Habitat for Humanity given funding for six Temecula homes

Joe Naiman Writer

The U.S. Department of Housing and Urban Development provides Neighborhood Stabilization Program funding to local governments including counties which administer the NSP program for incorporated cities. The Riverside County Board of Supervisors has authorized the use of $1,379,087

Answers for puzzle on page B-4 of NSP funding for six singlefamily homes to be built by Habitat for Humanity Inland Valley in Temecula.

The supervisors’ 5-0 vote Tuesday, July 11, approved a loan agreement with Habitat for Humanity Inland Valley for the use of the NSP funds. The interest-free loan is for $1,313,417, and the supervisors’ action also allocated $65,670 for county staff and deliv- ery costs. Because federal funding is involved the project is subject to the National Environmental Policy Act as well as the California Environmental Quality Act, and the supervisors made a Finding of No Significant Impact for the NEPA documentation.

The development will be on two legal parcels totaling approximately 0.46 acres in the 28700 block of Pujol Street. Each single-family townhome unit will be approximately 1,255 square feet with three bedrooms and 2 1/2 bathrooms.

The homes will be sold to and occupied by qualified very-low income or low-income, first-time homebuyers within the designated Neighborhood Stabilization Program target area in Temecula. The income of the homebuyers may not exceed 80% of the area median income for Riverside County, and the occupancy of the units will be income-restricted for a period of at least 15 years. The maximum purchase price may not exceed $551,000 for new homes and may not exceed the appraised value of the property. Habitat for Humanity will provide each homebuyer with a fixed-rate mortgage loan.

Joe Naiman can be reached by email at jnaiman@reedermedia. com.