Form Rev 3/6/2023
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 2026-27 LOW AND MODERATE INCOME HOUSING
ASSET FUNDS FOR ADMINISTRATIVE COSTS AND THE
IMPLEMENTATION OF HOMELESSNESS PREVENTION
PROGRAMS; AND APPROPRIATING FUNDS THEREFOR
WHEREAS, the Chula Vista Housing Authority, acting in its capacity as the Housing 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 Se ction 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 fiscal year 2026-27 that it desires to pay 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 $ 500,000 towards shelter operations at the Chula Vista Village at Otay 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 (“Excess Surplus”) to be encumbered within a certain time frame; and
WHEREAS, the Housing Successor has not identified Excess Surplus funds that must be encumbered in fiscal year 2026-27.
NOW, THEREFORE, BE IT RESOLVED by the Chula Vista Housing Authority, that it amends the fiscal year 2026-27 Housing Fund budget by appropriating $300,000 to the Supplies and Services category and $500,000 to the Other Expenses category of the Housing Fund.
Resolution No.
Presented by Approved as to form by
Stacey Kurz Marco A. Verdugo
Director of Housing and Homeless Services Legal Counsel