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Fiscal/Budget Item Printout
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Extracted
AI Summary
The source text indicates this attachment appears to be a draft document.
This document outlines a recommended action for the Board of Supervisors to approve a grant of $25,000 to the Latina Coalition of Silicon Valley for its Path to Yes pilot initiative, aimed at improving access to homeownership for first-generation and lower- to moderate-income households in Santa Clara County. The initiative seeks to address barriers to homeownership and increase participation in existing housing assistance programs. A report detailing the initiative's outcomes will be provided by February 28, 2027.
Key points
- Grant amount: $25,000 for the Latina Coalition of Silicon Valley.
- Purpose: Support the Path to Yes pilot initiative to enhance homeownership access.
- Target audience: First-generation and lower- to moderate-income households.
- Expected outcomes: Increase mortgage pre-approvals and home purchases.
- Report due by February 28, 2027, detailing engagement and outcomes.
Limitations
- The document appears to be a draft as it includes placeholders for dates and lacks final approval details.
- The document does not specify the exact date of the Board of Supervisors meeting for final consideration.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 4,066 chars
County of Santa Clara Board of Supervisors Supervisorial District Five Supervisor Margaret Abe-Koga 128303 DATE: May 13, 2026 TO: Board of Supervisors FROM: Margaret Abe-Koga, Supervisor SUBJECT: Budget Inventory Item No. 168 – Latina Coalition of Silicon Valley RECOMMENDED ACTION Approve Inventory Item No. 168 to provide a grant to Latina Coalition of Silicon Valley in the amount of $25,000 relating to its Path to Yes pilot initiative, and refer item for final consideration and approval on June 18, 2026. (Abe-Koga) FISCAL IMPLICATIONS There is a one-time cost of $25,000. REASONS FOR RECOMMENDATION The proposed pilot initiative, Path to Yes, is a strategic investment in expanding equitable access to homeownership across Santa Clara County, particularly for first-generation and lower- to moderate-income households who have historically been excluded from the region’s housing market. The initiative directly addresses key barriers identified in the application—fragmented information, lack of access to trustworthy guidance, and widespread misconceptions. The program benefits the County residents by converting complex, often inaccessible housing assistance systems into actionable...