HomeMy WebLinkAboutReso 2010-152RESOLUTION NO.2010-152
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 CAL-
HOME PROGRAM FUNDS AND AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL DOCUMENTS NECESSARY
TO APPLY FOR THE CAL-HOME FUNDS
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 Apri12004; and
WHEREAS, staff seeks the CalHome Program funds in order to leverage the HOME
Investment Partnership Program funds and Neighborhood Stabilization funds used in the City's
Homebuyer Assistance Program; and
WHEREAS, the City and Community 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, City will apply for the CalHome Program funds; and
WHEREAS, if approved, up to $1,000,000 in CalHome Program funds will be used by
the City to provide additional funding to low-income first-time homebuyers for homebuyer
assistance in the form of deferred payment loans.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista as
follows:
1. 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. 2010-152
Page 2
Presented by
i~~s~~
J es D. Sandoval
ty Manager
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 15th day of June 2010 by the following vote:
AYES: Councilmembers: Bensoussan, Castaneda, Ramirez, Thompson and
Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Cheryl Cox, M or
ATTEST:
Donna R. Norris, 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. 2010-152 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 15th day of June 2010.
Executed this 15th day of June 2010.
Donna R. Norris, CMC, City Clerk
Approved as to form by