Form Rev 3/6/2023
HA RESOLUTION NO. __________
RESOLUTION OF THE CHULA VISTA HOUSING
AUTHORITY ACTING IN ITS CAPACITY AS THE HOUSING
SUCCESSOR TO THE REDEVELOPMENT AGENCY OF THE
CITY OF CHULA VISTA AUTHORIZING THE USE OF FISCAL
YEAR 2025 -26 LOW AND MODERATE INCOME HOUSING
ASSET FUNDS FOR ADMINISTRATIVE COSTS, THE
IMPLEMENTATION OF HOMELESSNESS PREVENTION
PROGRAMS, AND THE DEVELOPMENT OF AFFORDABLE
HOUSING; AND APPROPRIATING FUNDS THEREFOR
WHEREAS, the Chula Vista Housing Authority, acting in its capacity as the H ousing Successor (as defined in California Health and Safety Code (HSC) Section 34176 ) to the Redevelopment Agency of the City of Chula Vista, is authorized to appropriate funds from the Low and Moderate Housing Asset Fund (Housing Fund) for eligible expenditures; and
WHEREAS, HSC Section 34176.1(a)(1) allows a portion of Housing Fund dollars to be spent on administrative costs associated with the implementation of eligible Housing Fund programs and on monitoring and preserving the affordability of existing affordable housing, in accordance with an administrative cost limit determined by a set formula; and
WHEREAS, the Housing Successor has identified $300,000 in such eligible administrative costs for FY 2025-26 that it desires to pay for from the Housing Fund; and
WHEREAS, HSC Section 34176.1(a)(2) allows a portion of Housing Funds to be spent on homeless prevention services , and the Housing Successor desires to spend $250,000 on a pilot shallow subsidy rental assistance program for seniors as a form of homeless prevention; and
WHEREAS, HSC Section 34176.1(a)(3) requires budgeted funds not appropriated for administrative costs or homeless prevention services to be dedicated to the production of affordable housing, and HSC Section 34176.1(d) requires any Housing Fund dollars that exceed a threshold amount as defined by a set formula (the Excess Surplus) to be encumbered within a certain time frame; and
WHEREAS, the Housing Successor has identified $3 .0 million in such Excess Surplus funds that it must encumber in FY 2025-26; and
NOW, THEREFORE, BE IT RESOLVED by the Chula Vista Housing Authority, that it amends the fiscal year 2025-26 Housing Fund budget by appropriating $300,000 to the supplies and services category; and $3,250,000 to the other expenses category of the Housing Fund.
BE IT FURTHER RESOLVED by the Housing Successor, that it authorizes the Director to execute any and all documents necessary to implement such services and programs consistent with this resolution.
Resolution No.
Presented by Approved as to form by
Stacey Kurz Marco A. Verdugo
Director of Housing and Homeless Services Legal Counsel