Resolution Number 04-10-05-02RESOLUTION NO. 04-10-05-02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, AUTHORIZING SUBMITTAL OF AN
APPLICATION TO THE CALIFORNIA STATE DEPARTMENT OF HOUSING
AND COMMUNITY DEVELOPMENT FOR FUNDING UNDER THE HOME
INVESTMENT PARTNERSHIPS PROGRAM; AND IF SELECTED, THE
EXECUTION OF A STANDARD AGREEMENT, ANY AMENDMENTS
THERETO, AND OF ANY RELATED DOCUMENTS NECESSARY TO
PARTICIPATE IN THE HOME INVESTMENT PARTNERSHIPS PROGRAM
WHEREAS, the California Department of Housing and Community
Development (the "Department') is authorized to allocate HOME Investment Partnerships
Program ("HOME") funds made available from the U.S. Department of Housing and Urban
Development ("HUD"). HOME funds are to be used for the purposes set forth in Title II of
the Cranston -Gonzalez National Affordable Housing Act of 1990, in federal implementing
regulations set forth in Title 24 of the Code of Federal Regulations, part 92, and in Title 25
of the California Code of Regulations commencing with section 8200.
WHEREAS, on July 30, 2004, the Department issued a 2004 Notice of
Funding Availability announcing the availability of funds under the HOME program (the
"NOFA").
WHEREAS, in response to the 2004 NOFA, the City of San Juan Capistrano,
a municipal corporation, wishes to apply to the Department for, and receive an allocation
of, HOME funds.
NOW, THEREFORE, BE IT RESOLVED, that:
1. In response to the 2004 NOFA, the City Council of the City of San
Juan Capistrano shall submit an application to the Department to participate in the HOME
program and for an allocation of funds not to exceed Eight Hundred Thousand Dollars
($800,000) for the following activities and/or programs located in the City of San Juan
Capistrano:
First Time Home Buyer Program: To assist eligible low-income first-time
home buyers with up to $100,000 in down payment 30 -year second mortgage loans.
American Dream Down Payment Initiative Program — To assist eligible
low-income first-time home buyers with up to $10,000 in down payment 30 -year second
mortgage loans.
10-05-2004
Owner -Occupied Rehabilitation Program — To assist low-income owners
with zero percent deferred payment loans for housing rehabilitation health and safety
repairs for up to $30,000 for single-family homeowners and up to $20,000 for mobile home
owners.
2. If the application for funding is approved, then the City of San Juan
Capistrano hereby agrees to use the HOME funds for eligible activities in the manner
presented in its application as approved by the Department in accordance with the statutes
and regulations cited above. The City of San Juan Capistrano may also execute a
standard agreement, any amendments thereto, and any and all other documents or
instruments necessary or required by the Department or HUD for participation in the HOME
program (collectively, the required documents).
3. The City of San Juan Capistrano authorizes the City Manager, the
Planning Director, the Director of Administrative Services or his/her designee(s) to execute,
in the name of the applicant, the required documents.
PASSED,APPROVED,
JOE SOTO, MA
ATTEST: 7 n/ /
A ARET R. MONAHAN, CITY CLERK_
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
of October 2004.
I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do
hereby certify that the foregoing Resolution No. 04-10-05-03 was duly adopted by the City
Council of the City of San Juan Capistrano at a regular meeting thereof, held the 5th day of
October 2004, by the following vote:
AYES: COUNCIL MEMBERS: Allevato, Bathgate, Swerdlin, Hart & Mayor Soto
NOES: COUNCIL MEM ERS: None
ABSTAIN: COUNCIL ME7 one
MARPAT R. MONAHAN, City Clerk
10-05-2004