RESOLUTION NO. 25-xx
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LANCASTER, AUTHORIZING THE SUBMITTAL OF AN
APPLICATION TO THE CALIFORNIA STATE DEPARTMENT
OF HOUSING AND COMMUNITY DEVELOPMENT FOR
FUNDING UNDER THE 2024 HOMEOWNERSHIP SUPER
NOFA (HOSN) CALHOME PROGRAM; THE EXECUTION OF
A STANDARD AGREEMENT IF SELECTED FOR SUCH
FUNDING AND ANY AMENDMENTS THERETO; AND ANY
RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN
THE 2024 HOMEOWNERSHIP SUPER NOFA (HOSN)
CALHOME PROGRAM
WHEREAS, the City of Lancaster 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 issued a 2024 HOSN Notice of Funding Availability (NOFA) on December 12, 2024, for the CalHome Program established by Chapter 84, Statutes of 2000 (SB1656 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 City of Lancaster wishes to submit an application to obtain from HCD an allocation of CalHome funds in the amount of $5,000,000.00.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LANCASTER THAT:
Section 1. The City of Lancaster shall submit to HCD an application to participate in the CalHome Program in response to the HOSN issued on December 12, 2024, which will request a funding allocation in the amount of $5,000,000.00 for origination and servicing of CalHome mortgage assistance loans for up to 30 low-income homebuyer households purchasing homeownership units for land currently owned by the Housing Authority located at the former Antelope Valley Fairgrounds (NE corner of Division and Ave I).
First Time Homebuyer Assistance. Funding under this CalHome award will be deployed through Housing’s existing First-Time Homebuyer Program, through which eligible households earning up to 80 percent of AMI may receive a deferred payment (no monthly loans with no interest) second mortgage loans.
Section 2. If the application for funding is approved, the City of Lancaster hereby agrees to use the CalHome funds for eligible activities in a 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. The City of Lancaster acknowledges and agrees that it may be required to execute any and all other instruments necessary or required by HCD for participation in the HOSN Program.
Section 3. City of Lancaster City Manager, or his designee is authorized to execute 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.
Resolution No. 25-xx
Page No. 2
Section 4. If the application for funding is approved, the Budget is hereby amended to incorporate the CalHome funding of up to $5,000,000.00 for First Time Homebuyer Assistance.
PASSED, APPROVED and ADOPTED this 28th day of January, 2025, by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
ATTEST: APPROVED:
ANDREA ALEXANDER R. REX PARRIS
City Clerk Mayor
City of Lancaster City of Lancaster
STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES }ss
CITY OF LANCASTER }
CERTIFICATION OF RESOLUTION
CITY OF LANCASTER
I, , City of Lancaster, CA, do
hereby certify that this is a true and correct copy of the original Resolution No. 23-14, for which the original is on file in my office.
WITNESS MY HAND AND THE SEAL OF THE CITY OF LANCASTER, on this day of , .
(seal)