HomeMy WebLinkAbout1993-09-28; Housing & Redevelopment Commission; Resolution 236Vr ll 0 e
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HOUSING & REDEVELOPMENT COMMISSION RESOLUTION NO. 2:
A RESOLUTION OF THE HOUSING AND REDEVELOPMENT
COMMISSION OF THE CITY OF CARLSBAD, CALIFORNIA
TO APPROVE THE APPROPRIATION OF $250,000 IN
MATCHING FUNDS FROM THE REDEVELOPMENT LOW
AND MODERATE INCOME HOUSING SET-ASIDE FUNDS
FOR A TENANT-BASED RENTAL ASSISTANCE PROGRAM
TO BE FUNDED ADDITIONALLY WITH HOME FUNDS AND
AUTHORIZING THE HOUSING AND REDEVELOPMENT
DIRECTOR TO EXECUTE DOCUMENTS
WHEREAS, the Redevelopment Agency of the City of
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and existing under the Community Redevelopment Law, Health and Sz
hereinafter referred to as "Agency", is a Community Redevelopment Agencj
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12 It Section 33000, etseq., hereinafter referred to as the "Act"; and
l3 I1 WHEREAS, the Agency is authorized to implement the Redej
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WHEREAS, Section 33334.2 of the Act requires that not 15
Plan for the Carlsbad Village Redevelopment Project Area; and
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twenty percent (20%) of all taxes which are allocated to the Agency for PI
increasing and improving the community's supply of low and moderai
housing; and
WHEREAS, pursuant to Section 33334.2 of the Act, the 1
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used to improve and increase housing in the community; and 22
declares its intent that the Low and Moderate Income Housing Set-aside FUI
23 11 WHEREAS, to carry out the purposes of increasing and imp
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community's supply of low and moderate income housing, Section 33334.2
II Act states that the Agency may exercise any or all of its powers, includin 26
27 I1 limitations, acquiring land or building sites, improving land or building sites v
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or offsite improvements, donating land to private or public persons o
constructing buildings or structures, acquiring buildings or structures,
subsidies to, or for the benefit of, very low income households, low(
households, or persons or families of low and moderate income, or other I
carry out the purposes of the Act; and
WHEREAS, the Housing and Redevelopment Commission APPA
expenditure of $250,000 from the Low and Moderate Income Housing Set-a
both inside and outside the Redevelopment Project Area for the purposes of
rental subsidies to lower income households;
NOW, THEREFORE, BE IT HEREBY RESOLVED by the HOL
Redevelopment Commission of the City of Carlsbad, California, as follows
1. The above recitations are true and correct.
14 11 2. That the exDenditures of monies from the Low and Moderatl 15
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Housing Fund for the purposes of providing rental subsidies
income households both inside and outside the Redevelopmer
Area, in which such funds are generated, are and will be of bent
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respective Project Area.
3. The Housing and Redevelopment Commission authorizes the P
expend a maximum of $250,000 from the Low and Moderat
Housing Set-aside Fund for the purposes of providing a rental a
program for lower income households.
4. That the Low and Moderate Income Housing Set-Aside Fund
used in combination with Federal Home Investment Partnership
Funds (HOME) to finance the costs of providing rental subsidies
income households.
5. The Housing and Redevelopment Commission hereby autho
Housing and Redevelopment Director to execute documents re(
the appropriation of $250,000 in matching funds fr
Redevelopment Low and Moderate Income Housing Set-aside
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order to provide rental assistance opportunities for low incomc
within the City of Carlsbad.
PASSED, APPROVED, AND ADOPTED at a regular meeti
Housing and Redevelopment Commission of the City of Carlsbad, Californ
the 28th day of September, 1993, by the following vote, to wit:
AYES: Commission Members Lewis, Stanton, Kulchin
NOES: None
ABSENT: None
1 ABSTAIN: None
W V CLkUDE A. LEWIS, Chairpel
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ATTEST:
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{Seal)
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