HomeMy WebLinkAboutReso 2011-185 - Calhome Program
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RESOLUTION NO. 2011-185
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO
EXECUTE AND SUBMIT AN APPLICATION TO THE CALIFORNIA
STATE DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT FOR FUNDING UNDER THE CALHOME PROGRAM;
AND 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 of funds 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 (NOF A) for the
CalHome Program established by Chapter 84, Statutes of 2000 (SB 1656 Alarcon), and codified in
Chapter 6 (commencing with Section 50650) of Part 2 of Division 31 ofthe 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 ofthe statute and the CalHome Program Regulations adopted by HCD in April 2004; and
WHEREAS, the City of Redding wishes to submit an application to obtain from HCD an
allocation of CalHome funds in the amount of $1 ,000,000.
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 NOFA issued on October 3,2011, which will request a funding
allocation for the following activities:
A. First-Time Home Buyer Mortgage Assistance for 20 units at $30,000 each ($600,000
total); and
B. Owner-Occupied Rehabilitation for 10 units at $40,000 each ($400,000 total) located in
the State of California, County of Shasta, City of Redding.
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 regulations cited above. It also may execute any
and all other instruments necessary or required by HCD for participation in the CalHome
Program.
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3.
The City Council authorizes the City Manager, or his designee, to execute in the name ofthe
City of Redding, the application, the Standard Agreement, and all other documents required
by HCD for participation in the CalHome Program, and any amendments thereto.
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I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular
meeting of the City Council of the City of Redding on the 151 day of November, 2011, and was duly
adopted at said meeting by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
Bosetti, Dickerson, Jones, Sullivan, and McArthur
None
None
None
ATTEST: APPROVED AS TO FORM:
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