LA County Board

1-D. Approve Acceptance of State of California First Time Homebuyer Mortgage Assistance Grant Recommendation as submitted by Supervisor Barger: Authorize the Executive Director of the Los Angeles County Development Authority to enter into a standard agreement with the State of California, through its Department of Housing and Community Development, on behalf of the County, and any related documents, to receive an amount not to exceed $4,999,675 in CalHome Program funds to provide downpayment assistance to households impacted by the wildfires or other disasters. Authorize the Executive Director to take the following actions: (Relates to Agenda No. 25) Execute agreements, and any necessary amendments with homeowners for eligible activities and CalHome Program requirements. Incorporate these funds into the Los Angeles County Development Authority Fiscal Year 2025-26 budget. (26-1608)