HomeMy WebLinkAboutAGENDA REPORT 2013 0306 CCSA REG ITEM 10G ITEM 10.G.
A013
MOORPARK CITY COUNCIL
AGENDA REPORT _._..._
TO: Honorable City Council
FROM: Jessica Sandifer, Management An ly
DATE: February 27, 2013 (CC Meeting of 031 6 3)
SUBJECT: Consider Resolution Authorizing Submittal of CalHome Grant
Application for First Time Home Buyer Downpayment Assistance
Program and Housing Rehabilitation Program and Authorizing City
Manager to Execute All Documents Required to Participate in
Program
BACKGROUND
The California Department of Housing and Community Development (HCD) is accepting
applications for Downpayment Assistance funding and Housing Rehabilitation funding
under the CalHome Program. Approximately $49,000,000 is available through funding
created by Proposition 1C, the Housing and Emergency Shelter Trust Fund Act of 2006.
DISCUSSION
Funds are available through HCD for first time home buyer downpayment assistance
funding and housing rehabilitation funding for owner-occupied homes of low and very-
low income homeowners. For both programs the funds will provide deferred loans up to
a maximum of 3% interest. When the CalHome loans are repaid, the principal funds and
any accrued deferred interest will return to the City to be deposited into an established
housing reuse account and may be reused for the same programs. The maximum loan
amount per property is $60,000 and only one CalHome loan can be recorded per
property. Staff recommends applying for $600,000 with $240,000 dedicated for first-time
home buyer downpayment assistance and $360,000 dedicated to owner-occupied
housing rehabilitation. Both programs are going to be targeted within the City's newly
defined Qualified Census Tract, which is generally the area between Los Angeles
Avenue to the south, the railroad tracks to the north, the Arroyo Simi to the east and the
westerly city limit line. Funds awarded must be used with 36 months of award.
CalHome Program regulations include an activity delivery fee which can be used toward
the cost to administer the program. The activity delivery fee is included within the
$60,000 loan cap, and is provided as a grant to the City.
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Honorable City Council
March 6, 2013
Page 2
FISCAL IMPACT
None.
STAFF RECOMMENDATION
Adopt Resolution No. 2013- , authorizing an application for CalHome funds for
homebuyer assistance funds and housing rehabilitation loans, and authorizing the City
Manager to execute all documents required to participate in the program.
Attachment 1: Resolution No. 2013-
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ATTACHMENT 1
RESOLUTION NO. 2013 -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AUTHORIZING THE SUBMITTAL
OF AN APPLICATION TO THE CALIFORNIA STATE
DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT (HCD) FOR FUNDING UNDER THE CALHOME
PROGRAM; THE EXECUTION OF A STANDARD AGREEMENT
IF SELECTED FOR SUCH FUNDING AND ANY AMENDMENTS
THERETO; AND ANY RELATED DOCUMENTS NECESSARY
TO PARTICIPATE IN THE CALHOME PROGRAM
WHEREAS, the City of Moorpark wishes to apply for and receive an allocation of
funds through the CalHome Program; and
WHEREAS, the California Department of Housing and Community Development
(HCD) has issued a Notice of Funding Availability (NOFA) for the CalHome program
established by Chapter 84, Statutes of 2000 (S13 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 City of Moorpark wishes to submit an application to obtain from
HCD an allocation of CalHome Funds in the amount of six hundred thousand dollars
($600,000).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City of Moorpark shall submit to HCD an application to
participate in the CalHome Program in response to the NOFA issued on January 22,
2013, which will request a funding allocation for the following activities located in the
City of Moorpark:
First Time Home Buyer Downpayment Assistance $240,000
Owner-occupied Housing Rehabilitation $360,000
SECTION 2. If the application for funding is approved, the City of Moorpark
hereby agrees to use the CalHome funds for eligible activities in the manner presented
in the application as approved by HCD and in accordance with program regulations
cited above. It also may execute any and all other instruments necessary or required by
HCD for participation in the CalHome Program.
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Resolution No. 2013 —
Page 2
SECTION 3. The City of Moorpark authorizes Steven Kueny, City Manager to
execute in the name of the City of Moorpark, the application, the Standard Agreement,
and all other documents required by HCD for participation in the CalHome Program,
and any amendments thereto.
SECTION 4. The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 6th day of March, 2013.
Janice S. Parvin, Mayor
ATTEST:
Maureen Benson, City Clerk
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