California Redevelopment Law (section 33334.2) requires a redevelopment agency to set aside at least 20% of all tax increment generated from the project areas for the purpose of increasing, improving and preserving the community's supply of low- and moderate-income housing. The Economic Development Department is charged with administering this program on behalf of the Hesperia Community Redevelopment Agency.
Activities carried out by staff are directed at enticing private and public sector affordable housing investment within the City's Redevelopment and Community Development Block Grant (CDBG) target areas.
The Economic Development Department develops, manages and promotes programs and projects that improve the City's housing stock and provide affordable housing opportunities. Several affordable housing programs, including the Energy Efficiency and Minor Home Repair Program (CDBG-EEMR) Housing Rehabilitation Loan Program (CDBG-HRLP), Housing Rehabilitation Loan Program and Sewer Connection (HRLP-SCP) and numerous rental housing projects.
The Department provides initial on-going subsidies to affordable rental housing projects within city limits. These affordable housing projects are targeted to very low, low and moderate-income persons. The Department also contemplates participation in developer-based proposals for affordable housing projects throughout the year.
In December 2007, the Department created the Redevelopment Foreclosure Remediation Implementation Program (RDA FRIP) and approved the use of $12.5 million of Housing Fund moneys to purchase and rehabilitate foreclosed homes in Hesperia, $2.5 million of which were previously authorized in 2006 for use in the Township Area. The funds will be used for the acquisition and rehabilitation of foreclosed and vacant properties.