HomeMy WebLinkAboutReso 2007-044 - Cal Home program
'.
e
e
RESOLUTION NO. 2007 - 44
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE
CALIFORNIA STATE DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT FOR FUNDING UNDER THE CALHOME PROGRAM;
THE EXECUTION OF A STANDARD AGREEMENT IF SELECTED FOR
SUCH FUNDING AND ANY AMENDMENTS THERETO; AND ANY
RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE
CALHOME PROGRAM.
WHEREAS, the City of Redding, a municipal corporation, wishes to apply for and receive
an allocation offunds through the CalHome Program; and
WHEREAS, the California Department of Housing and Community Development
(hereinafter referred to as "HCD") has issued a Notice of Funding Availability ("NOFA") for the
CalHome Program established by Chapter 84, Statutes of2000 (SB 1656 Alarcon), and codified in
Chapter 6 (commencing with Section 59650) of Part 2 of Division 31 of the Health and Safety Code
(the "statute"). Pursuant to the statute, HCD is authorized to approve funding allocations utilizing
monies made available by the State Legislature to the CalHome Program, subject to the terms and
conditions of the statute and the CalHome Program Guidelines adopted and amended by HCD on
August 15,2003; and
WHEREAS, the City of Redding wishes to submit an application to obtain from HCD an
allocation of CalHome funds in the amount of $600,000.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDDING DOES
HEREBY RESOLVE, DETERMINE, AND FIND AS FOLLOWS:
1. The City of Redding shall submit to HCD an application to participate in the
CalHome Program in response to the NOF A issued on February 13,2007, which will
request a funding allocation for the following activity:
A. First-Time Homebuyer Mortgage Assistance for 8 units at
$40,000 each ($320,000 total) and
B. Owner-Occupied Rehabilitation for 7 units at $40,000 each ($280,000
total)
2.
If the application for funding is approved, the City of Redding hereby agrees to use
the CalHome funds for eligible activities in the manner presented in the application
as approved by HCD and in accordance with program Guidelines cited above. It also
may execute any and all other instruments necessary or required by HCD for
participation in the CalHome Program.
g
,
..c:
--c::.
3.
The City Manager or his designee is authorized to execute in the name of the City of
Redding the application, the Standard Agreement, and all other documents required
by RCD for participation in the CalHome Program, and any amendments thereto.
e
e
I HEREBY CERTIFY that the foregoing resolution was introduced and read at a Regular
Meeting ofthe City Council ofthe City of Redding on the 20th day of March, 2007, and was duly
adopted at said meeting by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
Jones, Murray, Stegall, and Dickerson
None
Bosetti
None
iDR~ ~
CK DICKERSON, Mayor
v
APPROVED AS TO FORM:
'r-
{, "
JI ,:'_
~fis\~~~c~~
~A7
RICHARD A. DUVERNAY,
,
< -
" '