HomeMy WebLinkAboutReso 2025-173RESOLUTION NO. 2025-173
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE CONTINUED USE OF
CALHOME PROGRAM INCOME FOR FIRST-TIME
HOMEBUYER LOANS, AMENDING THE FISCAL YEAR 2025-
26 BUDGET AND APPROPRIATING FUNDS THEREFOR
WHEREAS, the California Department of Housing and Community Development (HCD)
administers the CalHome Program, which provides grant funding to local jurisdictions to make
loans to low-income first-time homebuyers; and
WHEREAS, the City of Chula Vista applied for and received $1,000,000 of CalHome grant
funds from HCD in 2014; and
WHEREAS, these funds have been used to provide home loans to low-income first-time
homebuyers through a silent second mortgage, with the principal and interest due upon sale or
transfer of the home; and
WHEREAS, a portion of previous program participants have repaid their loans, generating
program income; and
WHEREAS, this program income can only be used for new first-time homebuyer program loans.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it approves the appropriation of $250,500.60 in CalHome program income to the supplies and
services category of the State Grants Fund for new first-time homebuyer loans, amending the
Fiscal Year 2025-26 budget and appropriating funds therefor.
BE IT FURTHER RESOLVED by the City Council of the City of Chula Vista, that all
future CalHome loan program income will be appropriated for new first-time homebuyer loans
therefor.
[SIGNATURES ON THE FOLLOWING PAGE]
Resolution No. 2025-173
Page No. 2
Presented by
St .c Kurz
Housing and Homeless Services
Approved as to form by
Marco A. Verdugo
City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 21st day of October 2025 by the following vote:
AYES: Councilmembers: Chavez, Fernandez, Inzunza, Preciado and McCann
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
U.
John McCann, ayor
ATTEST:
Kerry K. i elow, MMC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2025-173 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 21st day of October 2025.
Executed this 21st day of October 2025.
Kerry K. Bi ow, C, City Clerk