HomeMy WebLinkAboutReso 2013-019 - Calhome Program Application
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RESOLUTION NO. 2013-019
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;
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 ("NOFA") for the
CalHome Program established by Chapter 84, Statutes of2000 (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 of the 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 RESOL VE THAT:
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 January 22,2013, which will
request a funding allocation for the following activities:
A. First-Time Homebuyer 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 of the 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 ofthe City Council ofthe City of Redding on the 19th day of February, 2013, and was duly
adopted at said meeting by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
Cadd, Jones, McArthur, Sullivan, and Bosetti
None
None
None
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R:\General\Deena\Resolutions & Ordinances\Resos\2013\02-19-13\Reso 2013-019.wpd
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RI K BOSETTI, Mayor
APPROVED AS TO FORM: