HomeMy WebLinkAboutResolutions - No. 2014-113RESOLUTION NO. 2014-113
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO
SUBMIT AN APPLICATION TO THE CALIFORNIA STATE DEPARTMENT OF HOUSING AND
COMMUNITY DEVELOPMENT FOR CALHOME PROGRAM FUNDING; AND IF SELECTED, THE
EXECUTION OF A STANDARD AGREEMENT, ANY AMENDMENTS THERETO, AND ANY
RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE CALHOME PROGRAM
WHEREAS, the City of Lodi, a municipal corporation, (hereinto referred to as the "Applicant')
wishes to apply for and receive an allocation of funds through the CalHome Program; and
WHEREAS, the California Department of Housing and Community Development (hereinafter
referred to as "HCD") has issued a Notice of Funding Availability ("NOFA") for the CalHome program
established by Chapter 84, Statutes of 2000 (SB 1656 Alarcon), and codified in Chapter 6 (commencing
with Section 50650) of Part 2 of Division 31 of the Health and Safety Code (the "statute"). Pursuant to the
statute, HCD is authorized to approve funding allocations utilizing monies made available by the State
Legislature to the CalHome program, subject to the terms and conditions of the statute and the CalHome
Program Regulations adopted by HCD in April 2004; and
WHEREAS, the Applicant wishes to apply to the California State Department of Housing and
Community Development for, and receive an allocation of, CalHome funds in the amount of $1,000,000.
NOW, THEREFORE, BE IT RESOLVED that the City of Lodi shall, in response to the 2014
NOFA issued on April 29, 2014, submit an application to HCD to participate in the CalHome Program for
an allocation of funds not to exceed One Million Dollars ($1,000,000) for the following activity and/or
program:
• Mortgage Assistance for low- or very low-income first-time homebuyers for the purchase of
qualified homes within the City of Lodi.
BE IT FURTHER RESOLVED, if the application for funding is approved, the Lodi City Council
hereby agrees to use CalHome funds for eligible activities in the manner presented in the application as
approved by HCD and in accordance with the statutes and regulations stated above. It also may execute
any and all other instruments necessary or required by HCD for participation in the CalHome Program;
and
FURTHER RESOLVED that the Lodi City Council authorizes the City Manager to execute in the
name of the City of Lodi, the application, the Standard Agreement, any and all other documents or
instruments necessary or required by HCD for participation in the CalHome Program (collectively, the
required documents), and any amendments thereto.
Dated: June 18, 2014
I hereby certify that Resolution No. 2014-113 was passed and adopted by the Lodi City Council in
a regular meeting held June 18, 2014, by the following vote:
AYES: COUNCIL MEMBERS — Hansen, Johnson, Mounce, Nakanishi, and
Mayor Katzakian
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — Non!&HL-OLSON
City Clerk/Legislative Affairs Officer
2014-113