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Resolution 2013-10RESOLUTION NO. 2013-10 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY HEREBY SETTING FORTH A DEFINITION OF AFFORDABLE RENTS FOR GILROY'S COMMUNITY DEVELOPMENT BLOCK GRANT HOUSING REHABILITATION PROJECTS WHEREAS: A. The City of Gilroy wishes to include rental units in its housing rehabilitation projects that are funded through its Community Development Block Grant (CDBG) received from the federal Department of Housing and Urban Development (HUD); and B. HUD regulations require that in order to use its funds for rehabilitation of rental properties, a jurisdiction must define, make public, and adopt affordable rents for its CDBG funded housing rehabilitation programs. IT IS NOW THEREFORE RESOLVED THAT: 1. The City of Gilroy shall adopt the following definition of affordable rents for its Community Development Block Grant funded housing rehabilitation programs: The rent of the unit to be rehabilitated cannot exceed the rents for the 50% income level as published by the California Tax Credit Allocation Committee (CTCAC) for the year in which the rehabilitation takes place; or The unit to be rehabilitated is one that is subsidized through a program operated by the Housing Authority of Santa Clara County such as the Section 8 Housing Choice Voucher Program and Project -Based Rental Assistance in which subsidies are used to ensure that the tenants' share of rent is affordable; and To be consistent with HUD regulations in multi -unit rental properties at least 51% of the units shall meet the City's adopted definition of affordable rents before any of the units may be rehabilitated through the use of CDBG funds. 1 RESOLUTION NO. 2013 -10 them. These guidelines shall remain in place until such time as the City Council elects to amend PASSED AND ADOPTED on this 6th day of May, 2013, by the following roll call vote: AYES: COUNCILMEMBERS: AULMAN, BRACCO, LEROE- MUNOZ, TUCKER, WOODWARD and GAGE NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: ARELLANO APPROVED: — �ajLj r Donald Gage, Mayor ATTE a a Freels, 41erk The undersigned City Clerk of the City of Gilroy there before named does hereby certify that the foregoing is a true and full copy of a resolution of the City Council of the City of Gilroy, adopted at a duly convened meeting on the date above - mentioned, which has not been altered, amended or. repealed. Freels, City 2 RESOLUTION NO. 2013 -10 I, SHAWNA FREELS, City Clerk of the City of Gilroy, do hereby certify that the attached Resolution No. 2013 -10 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 6t' day of May, 2013, 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 7t° day of May, 2013. �X ��4'k S a Freels, MMC City Clerk of the City of Gilroy (Seal)