HomeMy WebLinkAboutReso 2008-157
RESOLUTION NO. 2008-157
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AUTHORIZING THE SUBMITTAL OF AN
APPLICATION TO THE CALIFORNIA DEPARTMENT OF
HOUSING AND COMMUNITY DEVELOPMENT FOR
CALHOME PROGRAM FUNDS AND AUTHORIZING THE
CITY MANAGER TO EXECUTE ALL NECESSARY
AGREEMENTS AND RELATED DOCUMENTS
WHEREAS, pursuant to Health and Safety Code section 50650, et seq (the Statute), the
California Legislature created the CalHome Program to support existing homeownership
programs aimed at lower and very low-income households and operated by private nonprofit and
local government agencies; and
WHEREAS, the California Department of Housing and Community Development (HCD)
has issued a Notice of Funding Availability for the CalHome Program; and
WHEREAS, pursuant to the Statute, HCD is authorized to approve funding allocations
utilizing monies made available by the California Legislature to the CalHome Program, subject
to the terms and conditions of the Statute and the CalHome Program regulations adopted by
HCD on August 15, 2003 and revised in April 2004; and
WHEREAS, staff seeks the CalHome Program funds in order to leverage the HOME
Investment Partnership Program funds used in the City's First Time Homebuyer Down Payment
and Closing Costs Assistance Program; and
WHEREAS, the City and Cornmunity HousingWorks entered into to an agreement, dated
August 23,2007, for management of the City's First Time Homebuyer Down Payment and
Closing Cost Assistance Program; and
WHEREAS, Community HousingWorks will apply for the CalHome Program funds on
the City's behalf; and
WHEREAS, if approved, up to $900,000 in CalHome Program funds will be used by the
City to provide additional funding to low-income first-time homebuyers for downpayment
assistant in the form of deferred payment loans.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City ofChula Vista
as follows:
I. That it authorizes the submittal of an application to the California Department of Housing
and Community Development for CalHome Program funds.
2. That it authorizes the City Manager to execute all necessary agreements and related
documents.
Resolution No. 2008-157
Page 2
Presented by
Approved as to form by
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City Manager
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Bart C. Miesfeld '
Interim City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 17th day of June 2008 by the following vote:
AYES:
Councilmembers:
Castaneda, McCann, Ramirez, Rindone, and Cox
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
None
C1Ji#f:t
ATTEST:
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Donna R. Norris,'CM , nterim City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Donna R. Norris, Interim City Clerk of Chula Vista, California, do hereby certifY that the
foregoing Resolution No. 2008-157 was duly passed, approved, and adopted by the City Council
at a regular meeting of the Chula Vista City Council held on the 17th day of June 2008.
Executed this 17th day of June 2008.
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Donna R. Norri~, CMC, Interim City Clerk