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Resolution approving a Second Amendment to Cooperation Agreement of the San Mateo County HOME Consortium under the Cranston-Gonzales National Affordable Housing Act (Alvina Condon, Management Analyst II)
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WHEREAS, staff recommends that City Council adopt a resolution to authorize the City Manager to execute a Second Amendment to Cooperation Agreement among the County of San Mateo, City of South San Francisco, the City of San Mateo and the City of Redwood City, and the U.S. Department of Housing and Urban Development (HUD), to amend the Cooperation Agreement between the County of San Mateo, the City of South San Francisco and the City of San Mateo, under the Cranston-Gonzalez National Affordable Housing Act; and
WHEREAS, the original agreement was signed June 21, 2005 to establish a San Mateo HOME Consortium for purposes of receiving HOME funds under the National Affordable Housing Act and promoting affordable housing and enabled the County and the City of South San Francisco to continue to cooperate in undertaking public-private partnerships to provide more affordable housing within San Mateo County though use of HOME funds to carry out multi-year housing, tenant-based rental assistance and financing of rental housing and first-time homeowners programs, primarily to benefit low and very low income households; and
WHEREAS, the term of the original agreement was for the Federal fiscal years 2006, 2007 and 2008, and renews automatically every three years for a new three-year period on the same terms and conditions unless the Consortium membership has changed, or a Consortium member expressly chooses not to participate; and
WHEREAS, the County of San Mateo and the City of San Mateo signed a First Amendment on July 21, 2015 to add the City of San Mateo as a member of the San Mateo County HOME Consortium and to incorporate the HUD required changes in CPD Notice 13-002 to the automatic renewal provisions of cooperation agreements which automati...
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