Form Rev 3/6/2023
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA REPEALING COUNCIL POLIC Y 453 -02
“DEVELOPMENT OF AFFORDABLE FOR SALE HOUSING
FOR LOW- AND MODERATE- INCOME BUYERS”
WHEREAS, on December 9, 2003 City Council adopted Council Policy No. 453-02 (Development of Affordable for Sale Housing for Low - and Moderate - Income Buyers ) via Resolution No. 2003-492 to provide consistency in implementation of for-sale affordable housing; and
WHEREAS, Policy 45 3-02 established development guidelines, common program and underwriting features, and buyer selection criteria; and
WHEREAS, amendments to Policy 453-02 have been made to adjust to market conditions via Resolution No. 2005-314 on September 13, 2005 and R esolution No. 2013-154 on August 6, 2013; and
WHEREAS, prior to this item on May 21, 2024 the City Council considered adopting Chula Vista Municipal Code Chapter 19.93, Residential For-Sale Affordable Unit Requirements (“CVMC Chapter 19.93”), to codify the development guidelines, common program and underwriting features, and buyer selection criteria for for -sale affordable housing and establish supplemental Administrative Regulations.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it repeals Council Policy 453-02 (Development of Affordable for Sale Housing for Low- and Moderate- Income Buyers Development of Affordable for Sale Housing for Low- and Moderate- Income Buyers).
Presented by Approved as to form by
Stacey Kurz Marco A. Verdugo
Director of Housing & Homeless Services City Attorney