HomeMy WebLinkAbout2024-01-09; City Council; Resolution 2024-006RESOLUTION NO. 2024-006
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, AUTHORIZING THE CITY MANAGER TO EXECUTE ALL REQUIRED
DOCUMENTS TO COMPLETE THE PURCHASE AND RESALE OF EIGHT AT-RISK
AFFORDABLE HOUSING UNITS AS PART OF THE CITY'S AFFORDABLE
HOUSING RESALE PROGRAM AND AUTHORIZING THE DEPUTY CITY
MANAGER, ADMINISTRATIVE SERVICES TO APPROPRIATE $2,056,755 FROM
THE HOUSING TRUST FUND FOR RELATED COSTS
WHEREAS, the City Council of the City of Carlsbad, California has determined that it desires to
purchase and resell at-risk affordable housing units to eligible lower income buyers at an affordable
price to implement the city's affordable housing goals and policies; and
WHEREAS, on Dec. 8, 2020, the City Council approved Council Policy Statement No. 73 -City
Option to Purchase Resale Affordable Housing and the Affordable Housing Resale Program Guidelines
by Resolution No. 2020-234; and
WHEREAS, the property owners of seven at-risk affordable housing units provided notice of
their intent to sell or transfer ownership of the restricted affordable housing units; and
WHEREAS, the owner of one at-risk affordable housing unit is in default and city is pursuing
options to cure and acquire the unit to be resold to another low-income homebuyer at an affordable
sales price; and
WHEREAS, the purchase of the units enables the city to extend the affordability of the existing
units, and to resell them to another eligible lower-income buyer in accordance with the City of Carlsbad
Affordable Housing Resale Program; and
WHEREAS, City Council Policy No. 73 authorizes the City Manager or designee to exercise the
city's option to purchase existing at-risk affordable housing units, subject to City Council appropriation
of funds and acceptance of the grant deed; and
WHEREAS, the purchases are consistent with City Council Policy No. 73, the Affordable Housing
Program Guidelines, and consistent with City Council Policy 90, Administration of the Housing Trust
Fund,
WHEREAS, Community Development Block Grant funds are available to fund the purchases, the
acquisitions are consistent with FY 2020-2025 Consolidated Plan priorities and are approved activities
in the FY 2023-24 and FY 2022-23 CDBG Annual Action Plans; and
WHEREAS, the revenue generated from the sale of the properties will be deposited into the
Community Development Block Grant fund and Housing Trust Fund respectively as program income,
with the sale proceeds being available to create more affordable housing opportunities.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows:
1.That the above recitations are true and correct.
2.That the City Manager, or designee, is authorized to execute all required documents for
the purchases and make all future decisions and actions necessary to implement the
resale and disposition of eight at-risk affordable housing units in the City of Carlsbad
identified in Attachment A, in compliance with Council Policy No. 90, City Council Policy
No. 73, and the Affordable Housing Resale Program Guidelines, and to do so in full
compliance with the terms and conditions and to the satisfaction of the City Attorney.
3.That the Deputy City Manager, Administrative Services, is authorized to appropriate
$2,056,755 from the Housing Trust Fund for the property purchase of at-risk affordable
units authorized and for costs related to refurbishing and preparing the units for resale
identified in Attachment A.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 9th day of January, 2024, by the following vote, to wit:
AYES:
NAYS:
ABSTAIN:
ABSENT:
Blackburn, Bhat-Patel, Acosta, Burkholder, Luna.
None.
None.
None.
KEITH BLACKBURN, Mayor
SHERRY FREISINGER, City Clerk
{SEAL)
Attachment A
Property no. Location APN Development Source of Funding
17 Laguna Drive 203-101-37-14 Laguna Pointe CDBG
18 Leighton Circle 213-190-05-22 Mulberry CDBG
19 Carlsbad Boulevard 203-172-25-02 Village by the Sea Housing Trust Fund
20 Hosp Way 167-250-42-58 Hosp Grove Housing Trust Fund
21 Forsters Tern Drive 214-620-14-11 Rose Bay Housing Trust Fund
22 Forsters Tern Drive 214-620-14-21 Rose Bay Housing Trust Fund
23 Leighton Circle 213-190-05-28 Mulberry Housing Trust Fund
24 Alameda Circle 213-190-04-21 Mulberry Housing Trust Fund