RESOLUTION NO. 2024-136
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 TWO AT-RISK AFFORDABLE HOUSING UNITS, 2591 STATE STREET, NO. 200 AND 6042 COLT PLACE, NO. 301, AS PART OF THE CITY'S AFFORDABLE
HOUSING RESALE PROGRAM AND AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO APPROPRIATE $633,000 FROM THE COMMUNITY
DEVELOPMENT BLOCK GRANT 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 two at-risk affordable housing units, 2591 State Street, No. 200 and 6042 Colt Place, No. 301 provided notice of their intent to sell or transfer ownership of the restricted affordable housing units; 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; and
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 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 of 2591 State Street, No 200 and 6042 Colt Place, No. 301, and make all future decisions and actions necessary to implement the resale and disposition of two 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 t erms and conditions and to the satisfaction of the City Attorney.
3. That the City Manager, or designee, is authorized to appropriate $633,000 from the Community Development Block Grant 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 18th day of June, 2024, by the following vote, to wit:
AYES:
NAYS:
ABSENT:
ABSTAIN:
BLACKBURN, BHAT-PATEL, ACOSTA, BURKHOLDER, LUNA.
NONE.
NONE.
NONE.
, Mayor
Attachment A
Location APN Development Source of Funding
22 2591 State Street, No 200 203-054-34-28 Seagrove CDBG 23 6042 Colt Place, No. 301 213-262-23-09 Kensington CDBG