Title
2024 California Department of Housing and Community Development Local Housing Trust Fund Application
Recommended Action
Approve a Resolution authorizing the submittal of a 2024 LHTF Application to the California Department of Housing and Community Development; the commitment of $1,500,000 from the General Fund as the City’s match fund; the use of Housing Successor Agency program, Permanent Local Housing Allocation Program and Prohousing Incentive Program funds as on-going revenues totaling at least an average of $100,000 per year for three years; authorizing the reallocation of $1,000,000 of General Funds from Capital Improvement Project 9001, reallocation of $500,000 of General Funds from Capital Improvement Project 9021 to the LHTF (Fund 2603) and appropriation of a LHTF budget in the amount of $1,500,000; and authorizing the City Manager to finalize and execute all applicable documents.