MEETING DATE:
NOVEMBER 10, 2026
SUBJECT:
Title
RESOLUTION NO. 2026-9680 - AUTHORIZING LOAN EXTENSION OPTIONS FOR DEFERRED LOAN BORROWERS, ESTABLISHING A LOAN MODIFICATION FEE, AND PROGRAM MODIFICATIONS LOAN EXTENSION OPTIONS FOR DEFERRED LOAN BORROWERS
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Recommendation
Recommendation
ADOPT a resolution authorizing a hardship pathway of loan extension options for income qualifying deferred loan borrowers and a passthrough of the Loan Application Fee onto borrowers.
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Board or Commission Action
City Council Resolution No. 2000-5415 adopting the 1999-2024 Housing Element, which included applicable homebuyer assistance programs.
City Council Resolution No. 2005-6639 adopting the 2005-2010 Housing Element, which included applicable homebuyer assistance programs.
City Council Resolution No. 2013-7805 adopting the 2013-2021 Housing Element, which included applicable homebuyer assistance programs.
City Council Resolution No. 2021-8906 adopting the 2021-2029 Housing Element, which included applicable homebuyer assistance programs.
City Council Resolution No. 2012-7654 authorized the application for CalHome funding for the Down Payment Assistance Program (DAP).
City Council Resolution No. 2014-7953 authorized an application for CalHome funding for the Down Payment Assistance Program (DAP).
Executive Summary
The City of San Marcos and the Successor Housing Agency have provided housing programs including the first-time homebuyer program, down-payment assistance program, mortgage assistance program and residential rehabilitation loan programs since 1996. These programs are targeted at providing access to permanent housing solutions for low to moderate income qualifying families. Funding for these programs have been funded through the former Redevelopment Agency, the current Successor Housing Agency (SHA), federal HOME funds and state CalHome funds. These programs have provided over 150 households with long-term affordable home owne...
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