HomeMy WebLinkAboutReso 2008-271RESOLUTION NO. 2008-271
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ALLOCATING $452,936 OF HOME
INVESTMENT PARTNERSHIP ACT (HOME) FUNDS TO THE
PILOT HOMEOWNERSHIP PROGRAM FOR REAL ESTATE
OWNED PROPERTIES
WHEREAS, on April 16, 2002, pursuant to Resolution No. 2002-118, the City Council
approved a First-Time Homebuyer Downpayment and Closing Cost Assistance (DCCA)
Program to assist low-income homebuyers; and
WHEREAS, the City and Community Housing Works have entered into an agreement for
the management of the DCCA program; and
WHEREAS, Community Housing Works offered an innovative pilot program that would
provide an incentive for low-income families wishing to enter the homeownership market to
purchase abandoned foreclosed property; and
WHEREAS, on June 17, 2008, the City Council adopted Resolution No. 2008-158
establishing a new non-CIP project for this pilot homeownership program for real estate owned
properties and appropriating $300,000 of available HOME Investment Partnership Act funds to
that project; and
WHEREAS, staff wishes to allocate $452,936 in additional HOME Investment
Partnership (HOME) funds to that pilot homeownership program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista
that it allocates $452,936 of available HOME Investment Partnership (HOME) funds to the pilot
homeownership program for real estate owned properties.
Presented by
Approved as to form by
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Eric Crockett Bart C. Miesfeld
Assistant Director of Redevelopment and Interim City Attorney
Housing
Resolution No. 2008-27]
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 25th day of November 2008 by the following vote:
AYES: Councilmembers: Castaneda, McCann, Ramirez, Rindone, and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
G
Cheryl Cox ay r
ATTEST:
U
Donna R. No is, CMC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2008-271 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 25th day of November 2008.
Executed this 25th day of November 2008.
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Donna R. Norris, CMC, City Clerk