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AHA-2011-003 RESOLUTION NO. AHA- 2011 -003 A RESOLUTION OF THE GOVERNING BOARD OF THE ANAHEIM HOUSING AUTHORITY (1) AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE CALIFORNIA STATE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR FUNDING UNDER THE CALHOME PROGRAM, (2) IF SELECTED FOR SUCH FUNDING, AUTHORIZING THE EXECUTION OF A STANDARD AGREEMENT, ANY AMENDMENTS THERETO AND ANY RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE CALHOME PROGRAM, AND (3) IF SELECTED FOR SUCH FUNDING, AMENDING THE BUDGET FOR FISCAL YEAR 2011 -12 ACCORDINGLY. WHEREAS, the California Department of Housing and Community Development ( "HCD ") has issued a Notice of Funding Availability dated October 3, 2011 (the "NOFA ") under the CalHome Program, which is administered by HCD subject to Section 50650 et seq. of the California Health and Safety Code (the "Program Statutes ") and Section 7715 et seq. of Title 25 of the California Code of Regulations (the "CalHome Program Regulations "); and WHEREAS, pursuant to the Program Statutes, 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 Program Statutes and the CalHome Program Regulations; and WHEREAS, funding made available under the NOFA ( "CalHome Program Funding ") could be used to provide, among other things, down payment assistance to first -time homebuyers and assistance to owner- occupied rehabilitation projects in Anaheim with household incomes that do not exceed eighty percent (80 %) of area median income; and WHEREAS, the Anaheim Housing Authority (the "Authority ") desires to submit an application to HCD for CalHome Program Funding to be used to provide One Million Dollars ($1,000,000) in down payment assistance to first -time homebuyers in Anaheim with household incomes that do not exceed eighty percent (80 %) of area median income (the "Application "). NOW, THEREFORE, BE IT RESOLVED: Section 1. The foregoing recitals are incorporated into this Resolution by this reference, and constitute a material part of this Resolution. Section 2. Authority to Prepare, Execute and Submit Application. The Acting Executive Director of the City's Community Development Department (or his designee) is hereby authorized and directed, as agent of the City, to prepare, execute and submit the Application to HCD. Section 3. Authority to Execute Documents and Take Further Actions. The Acting Executive Director of the City's Community Development Department (or his designee) is hereby further authorized and directed, if the City is selected by HCD to receive CalHome Program Funding, to take such other actions as are consistent with the Application, including the execution of a Standard Agreement and all documents required by HCD for participation in the CalHome Program and deemed necessary and appropriate by the Acting Executive Director to consummate the transaction contemplated by the adoption of this Resolution and to administer the City's obligations, responsibilities and duties to be performed hereunder and under any agreement entered into with HCD in connection with the CalHome Program. Section 4. Agreement to Utilize CalHome Program Funding in a Manner Consistent with the Application and the CalHome Program Guidelines. The Acting Executive Director (or his designee) is hereby authorized and directed, if the Authority is selected by HCD to receive CalHome Program Funding, to use such finding for eligible activities in the manner presented in the Application as approved by HCD and in accordance with the Program Statutes and the CalHome Program Regulations. Section 5. Amendment of Budget. Contingent upon the award and receipt of CalHome Program Funding, the annual budget of the Authority shall be amended by increasing the appropriations and authorized expenditures in the amount equal to the amount of the CalHome Program Funding received by the Authority. Section 6. This Resolution shall be effective immediately upon adoption. [Remainder of page intentionally left blank.] 2 THE FOREGOING RESOLUTION is approved and adopted by the Governing Board of the Housing Authority of the City of Anaheim this 15th day of November , 2011, by the following roll call vote: AYES: Chairman Tait, Authority Members Sidhu, Eastman and Murray NOES: None ABSENT: Authority Member Galloway ABSTAIN: None ANAHEIM HOUSING AUTHORITY CH RMAN ATTEST: AAAA • SECR TARY OF THE ANAH' IM HOUSING AUTHORITY 86789 3