HomeMy WebLinkAboutReso 2014-061 - Calhome Program j f • •
RESOLUTION NO. 2014-061
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, IF SELECTED, THE EXECUTION OF A STANDARD
AGREEMENT, ANY AMENDMENTS THERETO, AND ANY RELATED
DOCUMENTS NECESSARY TO PARTICIPATE IN THE CALHOME
PROGRAM
WHEREAS, the.City of Redding, a municipal corporation and general law city, 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 of 2000(SB 1656 Alarcon), and codified in
Chapter 6 (commencing with Section 50650) 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 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 THAT:
1. The City of Redding shall submit to HCD an application to participate in the
CalHome Program in response to the NOFA issued on April 29, 2014, 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)
Projects will be 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 Q
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 Q
participation in the CalHome Program.
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3. The City Council of the City of Redding 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.
I HEREBY ATTEST AND CERTIFY that the foregoing is a true and full copy of a
resolution was introduced and read at a regular meeting of the City Council of the City of Redding
on the 17 Ill day of June, 2014, and was duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBER: Cadd,Jones,McArthur, Sullivan, &Bosetti
NOES: COUNCIL MEMBER: None
ABSENT: COUNCIL MEMBER: None
ABSTAIN: COUNCIL MEMBER: None
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RICK BOSETTI, Mayor
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ATTEST: _ APPROVED AS TO FORM:
PAMELA IZE; City erk RICHARD A. DUVERNAY>,City Attorney
NAStaff Reports\2014 Staff Reports\Resolutions\CalHome Program Resolution 2014.docx