County housing element update to begin
On Wednesday, the Sierra Planning Organization board of directors adopted the 2014-2019 Regional Housing Need Plan for Sierra and Nevada counties, said Nevada County CEO Rick Haffey in his Friday memo.
As a result of this action, the county has approximately one year to update and have the Housing Element of the General Plan certified by the State Department of Housing and Community Development, Haffey said.
The adoption of the Regional Housing Need Plan is an important milestone in the Housing Element update process, because it provides each jurisdiction with its quantified housing objectives for the next five years, according to Haffey.
“As the board is aware, Nevada County has been allocated 764 units (174 very-low; 126 low; 150 moderate; and 314 above moderate) that must be accommodated for during the next planning period,” he wrote.
Upon receipt of the final Regional Housing Need Plan, the Planning Department will begin embarking on the update to the county’s Housing Element.
Questions regarding the upcoming Housing Element update can be directed to Principal Planner Tyler Barrington at 530-470-2723.
Nevada County treasurer receives certification of investment policy
Treasurer & Tax Collector Tina Vernon announced that her 2013-14 Nevada County Treasurer’s Investment Policy has been certified by the California Municipal Treasurer’s Association, and Nevada County is the first California county to receive this certificate.
The CMTA Investment Policy Certification Program provides professional guidance and assistance in developing and/or improving existing investment policies in California’s public sector agencies and districts.
Through active management, diversification and laddering of the investment portfolio, Vernon has transformed Nevada County’s portfolio into a low-risk, balanced portfolio that is positioned to meet the pool’s cash flow needs now and in the future and will be able to adapt and embrace the changing rate environment that is ever upon us, all while protecting capital and earning a fair rate of return, Haffey wrote in his memo.
Interest earnings are expected to reach $1.2 million for 2012-13, an increase of over $420,000 since 2010, and provide additional funds that can be put to work for county services, schools and special districts.
The Investment Policy and monthly Treasury reports can be found on the website at http://www.mynevadacounty.com/nc/ttc/Pages/Treasury-.aspx.
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