Resolution 2010-20
RESOLUTION NO. 2010-20
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY HEREBY
AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE CALIFORNIA
STATE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT 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:
A. The City of Gilroy, a municipal corporation herein referenced as "City", wishes to apply
for and receive an allocation of funds through the Cal Home Program; and
B. 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 (SB1656 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 Guidelines adopted as adopted by HCD in April 2004; and
C. The City wishes to submit an application to obtain from HCD an allocation of CalHome
funds in the amount of$ 540,000.
IT IS NOW THEREFORE RESOLVED THAT:
1. The City shall submit to HCD an application to participate in the CalHome Program in
response to the NO FA issued on April 19,2010 which will request a funding allocation
for the following activities:
Provide downpayment assistance to 9 very low and low income homebuyers in the form
of deferred, low interest loans over a three year period. Loans shall be distributed
citywide to eligible low and very low income homebuyers in an amount of $60,000 per
unit.
RESOLUTION NO. 2010-20
2. If the application for funding is approved, the City, 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 Guidelines cited above. The City Administrator is
authorized to execute the application, the Standard Agreement, and any and all other
instruments necessary or required by HCD for participation in the CalHome Program.
PASSED AND ADOPTED this 7th day of June, 2010 by the following vote:
AYES:
COUNCILMEMBERS: ARELLANO, BRACCO, DILLON,
GARTMAN ,TUCKER, WOODWARD and PINHEIRO
NOES:
COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
APPROVED:
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RESOLUTION NO. 2010-20
I, SHA WNA FREELS, City Clerk of the City of Gilroy, do hereby certify that the
attached Resolution No. 2010-20 is an original resolution, or true and correct copy of a city
resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council
held on the 7th day of June, 2010, at which meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this 10th day of June, 2010.
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Shawna Freels, CMC
City Clerk of the City of Gilroy
(Seal)