HomeMy WebLinkAboutRDA 00-6 ~ RESOLUTION NO. RDA 00-6
2
3 A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY, AUTHORIZING THE EXECUTIVE
4 DIRECTOR TO APPLY FOR HOUSING ENABLED BY LOCAL
5 PARTNERSHIPS PROGRAM ("HELP") FUNDS FROM THE
CALIFORNIA HOUSING FINANCE AGENCY FOR THE
6 REHABILITATION, CONVERSION OR CONSTRUCTION OF
AFFORDABLE HOUSING UN ITS
7
The Tustin Community Redevelopment Agency DOES HEREBY RESOLVE as
follows:
i0
n I. The Tustin Community Redevelopment Agency finds and determines as follows:
~2 A. Pursuant to the California Community Redevelopment Law (Health and
Safety code Section 33000 et sea.), the Tustin Community Redevelopment
is Agency is engaged in activities necessary to execute and implement a
redevelopment plan; and
]4
B. The California Housing Finance Agency ("CHFA') has initiated the Housing
~5 Enabled by Local Partnerships Program ("HELP" Program) to provide
affordable housing opportunities through program partnerships with Ioca
~6 government entities consistent with affordable housing priorities of the
z? locality;
C. The HELP Program provides funds to local government entities as an
~s unsecured loan from CHFA for up to ten (10) years at three percent 3%
~9 simple interest per annum with certain minimalrestrictions and conditions(; )
20 D. The HELP Program stipulates that the repayment of such loans is required
no later than ten (10) years from the date a commitmentJloan agreement is
:~ signed between CHFA and a government entity;
22 E. The HELP Program funds must be used by local govemment entities for
current unmet affordable housing needs and priorities as determined by each.
23 participating locality through Housing Elements, Consolidated Plans and
24 other documentation as required by the HELP Program;
F. Participating local jurisdictions must have general housing elements that
25 conform with requirements of Article 10.6 of Chapter 3 of Division I of Title 7
26 of the Government Code (Government Code 65580 et seq.); and
27 G. The Tustin Community Redevelopment Agency wishes to apply for an
allocation of funds through the HELP Program as a tool to facilitate a more
2s comprehensive revitalizat on and construction efforts that includes
conversion and construction of family ownership housing and special needs
-~ housing opportunities.
Resolution No. RDA 00-6
Page 2
NOW THEREFORE, BE IT RESOLVED that the Tustin Community Redevelopment
Agency:
1. Authorizes the submission of an application to the California Housing Finance
Agency for $2,000,000 in Housing Enabled by Local partnerships Program (HELP) funds.
The Executive Director is authorized to submit an application necessary to meet the
requirements of the HELP Program.
2. If the application for fund ngs approved, the Community Redevelopment
PASSED AND ADOPTED at a regular meeting of the Tustin Community
,pment Agency held on the 2nd day of October 2000.
Tustin Community Redevelopment Agency
pAMELA STOKER
Recording Secretary
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF TUSTIN )
RESOLUTION NO, RDA 00-6
Pamela Stoker, Recording Secretary of the Tustin Community Redevelopment Agency
of the City of Tustin, California, does hereby certify that the whole number of the
members of the Tustin Community Redevelopment Agency is five; that the above and
foregoing resolution was passed and adopted at a regular meeting of the Tustin
Community Redevelopmerit Agency held on the 2nd day of October, 2000, by the
24 following vote:
AGENCY MEMBER AYES:
AGENCY MEMBER NOES:
AGENCY MEMBER ABSTAINED:
Pamela Stoker, Recording Secretary
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