For City Council Meeting [February 13, 2024]
TO: Honorable Mayor and City Council
FROM: David Carmany, City Manager
AUTHOR: Colby Cataldi, Director of Community Development
Title
Request City Council to: (1) Adopt Resolution No. 8186 to revise and replace Resolution No. 8048 authorizing an application for CalHome Program Funds; authorizing the City Manager to enter into, execute, and deliver all other documents required or deemed necessary or appropriate to evidence and secure the CalHome grant funds; and authorizing Avant-Garde, Inc. to act as the City's Administrative Subcontractor.
Body
BACKGROUND
On January 6, 2023, the California Department of Housing and Community Development (HCD) announced the release of approximately $135 million in funding for the CalHome Program through the 2023 Homeownership Super Notice of Funding Availability (NOFA). This Homeownership Super NOFA was issued to distribute funds for the CalHome Program which supports homeownership programs aimed at lower and very low-income households to increase homeownership, encourage neighborhood revitalization and sustainable development, and maximize use of existing homes.
On February 28, 2023, the City submitted an application in response to the 2023 Homeownership Super NOFA. The application requested $4,200,000 of CalHome funds to provide loans for Owner-Occupied Rehabilitation Assistance including loans of up to $100,000 to approximately 25 homeowners and loans of up to $20,000 to approximately 50 mobile-homeowners for rehabilitation of currently occupied residences.
As part of the application requirements, a resolution needed to be approved by the local jurisdiction's governing body authorizing submission of the application and execution of a Standard Agreement if awarded funds; and a contract needed to be executed with the proposed Administrative Subcontractor.
To satisfy these requirements, on February 14, 2023 the City Council adopted Resolution No. 8048.
On November 2, 2023, HC...
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