The progressive OC Supervisor Katrina Foley pushed to allocate $5 million to help fund county employees purchasing new homes with a homebuyer program
Orange County’s Supervisor Katrina Foley is looking to allocate $5 million of the county’s budget surplus to fund a homebuyer program for Orange County public employees looking to buy a home in the county.
“I am pleased that our county is planning to adopt a budget that is fiscally prudent, while making key investments into our most valuable assets – our residents, employees, and communities,” said Foley in a statement. “Addressing encampments in our flood channels has been a top priority, which is why I am grateful that this budget includes funding for two dedicated positions in the Sheriff’s Department to address these hotbeds of crime and assist those who want help. I am grateful for our combined efforts creating this budget and would like to thank our Board and County staff for their hard work.”
“This budget includes unprecedented investments in housing and homelessness, but there was a missing gap in homeownership assistance,” Foley continued. “That is why I proposed that the Board invest $5,000,000 to create a homebuyer program for first time homebuyers, first responders, and County of Orange public employees. I am disappointed that my colleagues did not support this initial proposal in the budget, but I intend to continue advocating with our coalition, which includes the Association of Orange.”
This comes after the county has a $49 million surplus in its budget. The homebuyer program will also consist of first time homebuyers and first responders buying homes in the county.
Recently, Rep. Michelle Steel has called on California leaders to allocate portions of the state’s surplus to alleviate high gas prices.