HomeMy WebLinkAboutCC Reso 2024-07 - Authorizing Application for Home Investment ProgramRESOLUTION NO. 2024-07
RESOLUTION OF THE UKIAH CITY COUNCIL AUTHORIZING THE SUBMITTAL OF AN
APPLICATION TO THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT FOR FUNDING UNDER THE HOME INVESTMENT PARTNERSHIPS
PROGRAM; AND IF SELECTED, THE EXECUTION OF A STANDARD AGREEMENT, ANY
AMENDMENTS THERETO, AND OF ANY RELATED DOCUMENTS NECESSARY TO
PARTICIPATE IN THE HOME INVESTMENT PARTNERSHIPS PROGRAM.
WHEREAS:
A.The California Department of Housing and Community Development (the
"Department") is authorized to allocate HOME Investment Partnerships Program
("HOME") funds made available from the U.S. Department of Housing and Urban
Development ("HUD"). HOME funds are to be used for the purposes set forth in Title
II of the Cranston-Gonzalez National Affordable Housing Act of 1990, in federal
implementing regulations set forth in Title 24 of the Code of Federal Regulations, part
92, and in Title 25 of the California Code of Regulations commencing with section
8200.
B.On January 19, 2024, 2021, the Department issued a Notice of Funding Availability
announcing the availability of funds under the HOME program (the "NOFA").
C.In response to the January 2024 HOME NOFA, City of Ukiah, a political subdivision of
the State of California (the "Applicant"), wishes to apply to the Department for, and
receive an allocation of, HOME funds.I NOW, THEREFORE, BE IT RESOLVED by the Ukiah City Council as follows:
2.
L
1.In response to the January 2024 HOME NOFA, the Applicant shall submit an
application to the Department to participate in the HOME program and for an
allocation of funds not to exceed Five Hundred Thousand Dollars ($500,000)
for the following activities and/or programs:
First-Time Homebuyer (FTHB) Program
Activity Delivery-FTHB Program
General Administr ation
Total
To be located in the incorporated area of the City of Ukiah.
$455,700
$ 31,800
$ 12,500
$500,000
If the application for funding is approved, then the Applicant hereby agrees to use
the HOME funds for eligible activities in the manner presented in its application as
approved by the Department in accordance with the statutes and regulations cited
above. The Applicant will also execute a Standard Agreement, any amendments
thereto, and any and all other documents or instruments necessary or required by
the Department or HUD for participation in the HOME program (collectively, the
required documents).
3.The Applicant authorizes the City Manager or their designee(s) to execute, in the
name of the Applicant, the HOME Standard Agreement.
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