RESOLUTION NO. ________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE CALIFORNIA STATE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR FUNDING UNDER THE CALHOME PROGRAM; THE EXECUTION OF A STANDARD AGREEMENT IF SELECTED FOR SUCH FUNDING AND ANY AMENDMENTS THERETO; AND ANY RELATATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE CALHOME PROGRAM WHEREAS, the City of Commerce, a municipal corporation and political subdivision of the State of California, wishes to apply for and receive an allocation of funds through the CalHome Program; and WHEREAS, the California Department of Housing and Community Development (hereinafter referred to as “HCD”) has the 2024 Homeownership Super Notice of Funding Availability (HOSN) on December 19, 2024, for the CalHome program established by Chapter 84, Statutes of 2000 (SB 1656 Alarcon), and codified in Chapter 6 (commencing with Section 50650) of Part 2 of Division 31 of the Health and Safety Code (the “statute”). Pursuant to the statute, HCD is authorized to approve funding allocations utilizing monies made available by the State Legislature to the CalHome program, subject to the terms and conditions of the statute and the CalHome Program Regulations adopted by HCD in April 2004; and WHEREAS, the California Department of Housing and Community Development (HCD) has issued the 2024 Homeownership Super NOFA, offering funding for homeownership development and owner-occupied rehabilitation programs under the CalHome Program; and WHEREAS, the City of Commerce wishes to apply for funding to support low- and moderate-income first-time homebuyers and owner-occupied rehabilitation projects within the City; and WHEREAS, the City of Commerce intends to apply for funding under the CalHome Program to support low- to moderate-income first-time homebuyers and owner-occupied housing rehabilitation. The City seeks to request a funding allocation of $4,965,000.00 but will not exceed a maximum of $6,000,000.00 which would be divided across the following program activities:
First Time Homebuyers Program in the amount of Two Million Two Hundred Five Thousand Dollars ($2,205,000.00); and Owner Occupied Rehabilitation in the amount of Two Million Seven Hundred Sixty Thousand Dollars ($2,760,000.00).
Total request of Four Million Nine Hundred Sixty-Five Thousand Dollars ($4,965,000.00) but at no point will exceed a maximum combined total of Six Million Dollars ($6,000,000.00).
All activities will be conducted within the boundaries of the City of Commerce, CA.
WHEREAS, the City of Commerce has reviewed the CalHome program and determined that it is an eligible applicant for this funding; and WHEREAS, the City of Commerce, upon the award of said grant funding, wishes to enter into a Professional Service Agreement with Global Urban Strategies, Inc. for the Administration of the CalHome Program (including loan servicing, monitoring, Homebuyer Education, and submittal of reimbursement requests), program eligibility, and vetting of applicants.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COMMERCE DOES HEREBY RESOLVE AND ORDER AS FOLLOWS:
SECTION 1. The City of Commerce shall submit to HCD an application to participate in the CalHome Program in response to the NOFA issued on December 19, 2024, which will request a funding allocation for the following activities:
First Time Homebuyers Program in the amount of Two Million Two Hundred Five Thousand Dollars ($2,205,000.00); and Owner Occupied Rehabilitation in the amount of Two Million Seven Hundred Sixty Thousand Dollars ($2,760,000.00).
Total request of Four Million Nine Hundred Sixty-Five Thousand Dollars ($4,965,000.00) but at no point will exceed a maximum combined total of Six Million Dollars ($6,000,000.00).
All activities will be conducted within the boundaries of the City of Commerce, CA.
SECTION 2. If the application for funding is approved, the City of Commerce hereby agrees to use the CalHome funds for eligible activities in the manner presented in the application as approved by HCD and in accordance with program regulations cited above. The application in full is incorporated as part of the Standard Agreement. Any and all activities funded, information provided, and timelines represented in the application are enforceable through the Standard Agreement. The City of Commerce acknowledges and agrees that it may be required to execute any and all other instruments necessary or required by HCD for participating in the CalHome Program.
SECTION 3. The City Council of the City of Commerce authorizes the City Manager or his designee, to execute in the name of the City of Commerce the application, the Standard Agreement, and any subsequent amendments or modifications thereto, as well as any other documents required by HCD for participation in the CalHome Program, and any amendments thereto.
SECTION 4. Upon the award of said grant funding, City Council of the City of Commerce authorizes the City Manager to negotiate and execute a professional services agreement with Global Urban Strategies, Inc. for the administration of the CalHome Program (including loan servicing, monitoring, Homebuyer Education, and submittal of reimbursement requests), program eligibility, and vetting of applicants. Such agreement shall be subject to approval as to form by the City Attorney.
SECTION 5. The City Clerk shall attest and certify to the passage and adoption of this Resolution and enter it into the book of original resolutions, and it shall become effective immediately upon its approval PASSED, APPROVED, and ADOPTED this 11th day of February 2025. ____________________________
Hugo Argumedo, Mayor
ATTEST:
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Lena Shumway, City Clerk