Single-Family New Construction Program

The Single-Family New Construction Program provides funds to acquire and/or develop turnkey, affordable homes for first-time homebuyers or leaseholders earning up to 120% of the Area Median Income (AMI).  The County will provide funds to developers, as defined in eligible applicants, for projects in the form of a subsidy or loan. Affordable housing units may be developed on lands that include, but is not limited to, County acquired/ owned land, or long-term land stewardship models. Homes will be constructed and sold at affordable prices to eligible households. To ensure long-term affordability, the County will evaluate project proposals for cost reasonableness and may subsidize infrastructure or construction materials as needed.

For this program, the County will recoup all or a portion of the CDBG-DR subsidy provided to the homebuyer(s)/leaseholder(s) if the unit ceases to be the principal residence of the homebuyer(s)/leaseholder(s) during the required affordability period.

All subsidy amounts that directly benefit the homebuyer are subject to recapture, including development subsidies used to reduce the sales price below market. The affordability period and recapture terms will be defined in a written agreement and recorded in the property title.

The total allocation amount is $92,500,000.00