MEETING DATE:
JANUARY 27, 2014
SUBJECT:
Title
RESOLUTION NO. 2015-8029 - APPROVAL OF APPLICATION FOR HOUSING RELATED PARKS PROGRAM FUNDING
Body
Recommendation
Recommendation
ADOPT a resolution approving the submittal of the Housing Related Parks (HRP) Program grant application and authorizing the City to enter into an agreement with the California Department of Housing and Community Development (HCD) for the use of the HRP Program funds and designating the City Manager as the authorized signatory on all grant-related materials.
Body
Board or Commission Action
Not Applicable
Relevant Council Strategic Theme
Good Governance
Relevant Department Goal
Not Applicable
Introduction
As a result of the November 2006 passage of Proposition 1C (the Housing and Emergency Shelter Trust Fund Act of 2006) the State has announced the availability of $35 million in Housing Related Parks (HRP) program grant funds for Fiscal Year 2014/2015. This program is designed to reward Cities and Counties that approved and permitted the construction of affordable housing projects for low- and very low- income household. Grants are awarded on a non-competitive basis based on applications received by California's Department of Housing and Community Development (HCD). Grant reward funds can be used towards the construction, rehabilitation or acquisition of recreational assets that benefit the community. HCD plans to announce awards in June 2015, and funds are expected to be available between August 2015 and October 2015 upon execution of the standard agreement. The deadline to expend all funds is June 30, 2017.
In order for projects to qualify for the HRP program, they must have affordable housing units approved and permitted during a designated time period, which is January 1, 2010 through December 31, 2014. The affordable housing units must be deed restricted for 55 years. The City was successful in obtaining $1.4 million from the HRP Program d...
Click here for full text