Title[NS1]
Resolution of the City Council of the City of South San Francisco authorizing the City's application to the State of California's Local Housing Trust Fund Program for $5,000,000 to support affordable housing production within the City.
Body
A quorum and majority of the City Councilmembers of the City of South San Francisco ("Applicant") hereby consents to, adopts, and ratifies the following resolution:
A. WHEREAS, the State of California (the "State") Department of Housing and Community Development ("Department") is authorized to provide up to $53 million under the Local Housing Trust Fund ("LHTF") Program from the Veterans and Affordable Housing Bond Act of 2018 (Proposition 1) (as described in Health and Safety Code section 50842.2 et seq. (Chapter 365, Statutes of 2017 (SB 3)) ("Program");
B. WHEREAS, the Department issued a Notice of Funding Availability ("NOFA") dated 7/9/2024 under the LHTF Program;
C. WHEREAS, the Applicant is an eligible Local or Regional Housing Trust Fund applying to the Program to administer one or more eligible activities using Program Fund; and.
D. WHEREAS the Department may approve funding allocations for the LHTF Program, subject to the terms and conditions of H&S Code Section 50842.2, the LHTF Program Guidelines, NOFA, Program requirements, the Standard Agreement and other related contracts between the Department and LHTF award recipients.
NOW THEREFORE BE IT RESOLVED THAT:
1. If Applicant receives an award of LHTF funds from the Department pursuant to the above referenced LHTF NOFA, it represents and certifies that it will use all such funds on Eligible Projects in a manner consistent and in compliance with all applicable state and federal statutes, rules, regulations, and laws, including, without limitation, all rules and laws regarding the LHTF Program, as well as any and all contracts Applicant may have with the Department ("Eligible Project").
2. NOW, THEREFORE, IT IS RESOLVED: That the City of Sout...
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