Agenda Item No. 6B September 24, Honorable Mayor and City Council Members Attn. Laura C. Kuhn, City Manager

Transcription

1 Agenda Item No. 6B September 24, 2013 TO: FROM: SUBJECT: Honorable Mayor and City Council Members Attn. Laura C. Kuhn, City Manager Emily Cantu, Interim Director of Housing Services RESOLUTION TO RESCIND RESOLUTION NO AND TO APPROVE AN APPLICATION FOR FUNDING AND ANY AMENDMENTS THERETO FROM THE STATE OF CALIFORNIA NEIGHBORHOOD STABILIZATION PROGRAM (NSP) UNDER A JOINT AGREEMENT WITH THE COUNTY OF SOLANO AND THE CITIES OF BENICIA, DIXON, RIO VISTA AND SUISUN; AND DISCUSSION: RESOLUTION TO RESCIND RESOLUTION NO AND TO APPROVE AN APPLICATION FOR FUNDING AND ANY AMENDMENTS THERETO FROM THE STATE OF CALIFORNIA NEIGHBORHOOD STABILIZATION PROGRAM; AND RESOLUTION TO RESCIND RESOLUTION NO AND APPROVE AN APPLICATION FOR FUNDING AND ANY AMENDMENTS THERETO FROM THE STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT UNDER THE CALHOME PROGRAM During 2009 and 2010, the City Council approved resolutions that allowed the City to apply for and implement state funding programs, including the Neighborhood Stabilization Program (NSP) and CalHOME Program. In August, 2013, the Housing Services Director retired and an Interim Director was appointed. Because of this change, the State Department of Housing & Community Development (HCD) is requiring the City to adopt new resolutions as they will not accept the existing resolutions as providing an Interim Director with the authority to execute necessary documents. The NSP provided funding to deal with foreclosed homes through a variety of allowable activities in order to address blight in affected neighborhoods. Under a Joint Agreement, the City serves as the lead agency for the Cities of Benicia, Dixon, Suisun, and Rio Vista. NSP funds were used in Vacaville to provide down payment assistance loans to 24 low- and moderate-income first time homebuyers who purchased foreclosed single-family homes. The CalHOME Program provides funding for low and very low income first time homebuyers to purchase homes through down payment assistance loans. Staff is currently completing the documents required by HCD to receive the funds for this program. It is anticipated that funds will be available in Winter, 2013 and that approximately 20 households will be served. In order to have flexibility in the future, it is recommended that the resolutions allow the City Manager, or her designee, to be authorized as the person to act on behalf of the City and on behalf of the cities under the Joint Agreement. This would include any application amendments, requests for funds, and other reporting forms required in connection with the programs.

2 FISCAL IMPACT: There is no impact to the General Fund. The NSP and CalHOME Programs are funded by the State of California and are used to fund loans. Staff support for these programs is funded by program administrative allowances. RECOMMENDATION: By simple motion, adopt the subject resolutions.

3 RESOLUTION NO RESOLUTION TO RESCIND RESOLUTION NO AND TO APPROVE AN APPLICATION FOR FUNDING AND ANY AMENDMENTS THERETO FROM THE STATE OF CALIFORNIA NEIGHBORHOOD STABILIZATION PROGRAM (NSP) UNDER A JOINT AGREEMENT WITH THE COUNTY OF SOLANO AND THE CITIES OF BENICIA, DIXON, RIO VISTA AND SUISUN WHEREAS, the City of Vacaville, a political subdivision of the State of California, wishes to continue to serve as the lead agency related to an allocation of funds through the Neighborhood Stabilization Program (hereinafter referred to as NSP ) on behalf of the County of Solano and the Cities of Suisun, Dixon, Benicia, and Rio Vista and assume all roles and responsibilities thereof; and WHEREAS, the California Department of Housing and Community Development (hereinafter referred to as the Department ) is authorized to approve funding allocations for the purposes set forth in the Joint Agreement; and WHEREAS, the allocation of funds through the NSP was and remains authorized for the following activities: 1. Financing mechanism in the forms of down payment assistance loans and shared equity loans to purchase foreclosed homes, 2. Rehabilitation loans to address potential blight in newly purchased foreclosed homes, 3. Acquisition and possible rehabilitation of foreclosed properties in order to sell or rent, 4. Demolition of blighted structures, 5. Landbanking properties that have been foreclosed upon (which may include demolition and redevelopment); and WHEREAS, the City Council of the City of Vacaville adopted Resolution No on June 9, 2009 providing certain authorizations related to the NSP application and any funding allocation; and WHEREAS, the Department requires the City of Vacaville to adopt a resolution that provides current staff the authority to execute any and all documents or instruments necessary or required by the Department or the U.S. Department of Housing and Urban Development for participation in the NSP Program. NOW, THEREFORE, BE IT RESOLVED that: Section 1. The City of Vacaville hereby rescinds Resolution No Section 2. The City Manager of the City of Vacaville, or her designee, is authorized to: 1. Act on behalf of the jurisdictions of the Joint Agreement in all matters pertaining to this allocation. 2. Sign any amendments to the grant agreement with the State of California for the purposes of the grant. 3. Sign Funds Requests and other required reporting forms.

4 BE IT FURTHER RESOLVED that all steps authorized by this resolution shall be performed consistent with the approved Joint Agreement, dated April 24, I HEREBY CERTIFY that the foregoing resolution was introduced and passed by the City Council of the City of Vacaville, at its regular meeting of September 24, 2013, by the following vote. ATTEST: AYES: NOES: ABSENT: Michelle A. Thornbrugh, City Clerk

5 RESOLUTION NO RESOLUTION TO RESCIND RESOLUTION NO AND APPROVE AN APPLICATION FOR FUNDING AND ANY AMENDMENTS THERETO FROM THE STATE OF CALIFORNIA NEIGHBORHOOD STABILIZATION PROGRAM (NSP) WHEREAS, the City of Vacaville, a political subdivision of the State of California, wishes to administer an allocation of funds through the Neighborhood Stabilization Program (hereinafter referred to as NSP ); and WHEREAS, the California Department of Housing and Community Development (hereinafter referred to as the Department ) is authorized to approve funding allocations for the purposes set forth in the Standard Agreement for this allocation; and WHEREAS, the allocation of funds through the NSP was and remains authorized for the following activities: 1. Financing mechanism in the forms of down payment assistance loans and shared equity loans to purchase foreclosed homes, 2. Rehabilitation loans to address potential blight in newly purchased foreclosed homes, 3. Acquisition and possible rehabilitation of foreclosed properties in order to sell or rent, 4. Demolition of blighted structures, 5. Landbanking properties that have been foreclosed upon (which may include demolition and redevelopment); and WHEREAS, the City Council of the City of Vacaville adopted Resolution No on June 9, 2009 providing certain authorizations related to the NSP application and any funding allocation; and WHEREAS, the Department requires the City of Vacaville to adopt a resolution that provides current staff the authority to execute any and all documents or instruments necessary or required by the Department or the U.S. Department of Housing and Urban Development for participation in the NSP Program. NOW, THEREFORE, BE IT RESOLVED that: Section 1. The City of Vacaville hereby rescinds Resolution No Section 2. The City Manager of the City of Vacaville, or her designee, is authorized to: 1. Sign any amendments to the grant agreement with the State of California for the purposes of the grant. 2. Sign Funds Requests and other required reporting forms.

6 I HEREBY CERTIFY that the foregoing resolution was introduced and passed by the City Council of the City of Vacaville, at its regular meeting of September 24, 2013, by the following vote. ATTEST: AYES: NOES: ABSENT: Michelle A. Thornbrugh, City Clerk

7 RESOLUTION NO RESOLUTION TO RESCIND RESOLUTION NO AND APPROVE AN APPLICATION FOR FUNDING AND ANY AMENDMENTS THERETO FROM THE STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT UNDER THE CALHOME PROGRAM WHEREAS, the City of Vacaville, a political subdivision of the State of California, received an allocation of funds through the CalHOME Program; and WHEREAS, the California Department of Housing and Community Development (hereinafter referred to as the Department ) is authorized to approve funding allocations for the purposes set forth in the Standard Agreement for this allocation; and WHEREAS, the allocation of funds through the CalHOME Program is authorized for mortgage assistance to low and very-low income first-time homebuyers of new or existing homes; and WHEREAS, the City Council of the City of Vacaville adopted Resolution No on June 22, 2010 providing certain authorizations related to the CalHOME application and any funding allocation; and WHEREAS, the Department requires the City of Vacaville to adopt a resolution that provides current staff the authority to execute any and all documents or instruments necessary or required by the Department or the U.S. Department of Housing and Urban Development for participation in the CalHOME Program. NOW, THEREFORE, BE IT RESOLVED that: Section 1. The City of Vacaville hereby rescinds Resolution No Section 2. The City Manager of the City of Vacaville, or her designee, is authorized to: 1. Sign any amendments to the grant agreement with the State of California for the purposes of the grant. 2. Sign Funds Requests and other required reporting forms. I HEREBY CERTIFY that the foregoing resolution was introduced and passed by the City Council of the City of Vacaville, at its regular meeting of September 24, 2013, by the following vote. ATTEST: AYES: NOES: ABSENT: Michelle A. Thornbrugh, City Clerk