RESOLUTION NO. 2025-
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF MERCED, CALIFORNIA,
RESCINDING RESOLUTION NO. 2025-06 AND
AUTHORIZING A JOINT APPLICATION AND
PARTICIPATION IN THE HOMEKEY+
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
HOMEKEY+ PROGRAM
WHEREAS, the California Department of Housing and Community Development ("HCD") has issued a Notice of Funding Availability, dated November 26, 2024 ("NOFA"), for the Homekey+ Program ('HK+"). HCD in collaboration with the California Department of Veterans Affairs (CalVet) is making available approximately $2.145 billion in Homekey+ grant funding pursuant to Health and Safety Code Section 50675.1.5 (Assem. Bill No. 140 (2021-2022 Reg. Sess.), § 20.); Health and Safety Code Section 14184.402 of the Welfare and Institutions Code; Section 5891.5 of the Welfare and Institutions Code; and Round 5 and 6 of the Homeless Housing, Assistance and Prevention (HHAP) grant program. (Assem, Bill No. 129 (Chapter 40, Statutes 2023) and Assem. Bill No. 166 (Chapter 48, Statutes 2024), respectively; and, WHEREAS, the City of Merced ("Applicant") desires to jointly apply for Homekey+ grant funds with Up Holdings California, LLC and UP Mercy Village LP ("Co-Applicants"). Therefore, Co-Applicants are joining Applicant in the submittal of an application for Homekey+ funds ("Application") to HCD for review and consideration; and,
WHEREAS, HCD is authorized to administer Homekey+ pursuant to the Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2 of Division 31 of the Health and Safety Code). Homekey+ funding allocations are subject to the terms and conditions of the NOFA, the Application, the HCD approved STD 213, Standard Agreement ("Standard Agreement"), and all other legal requirements of the Homekey+ Program.
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NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MERCED
DOES HEREBY RESOLVE, DETERMINE, FIND, AND ORDER AS
FOLLOWS:
SECTION 1. That the resolution No. 2025-06 is hearby rescinded.
SECTION 2. That the applicant is hereby authorized and directed to submit a joint Application to HCD in response to the NOFA, and to jointly apply for Homekey+ grant funds in a total amount not to exceed $30,000,000.00.
SECTION 3. That if the Application is approved, Applicant is hereby authorized and directed to enter into, execute; and deliver a Standard Agreement in a total amount not to exceed $30,000,000.00 any and all other documents required or deemed necessary or appropriate to secure the Homekey+ funds from HCD and to participate in the Homekey+ Program, and all amendments thereto (collectively, the "Homekey+ Documents").
SECTION 4. That the co-Applicants acknowledge and agree that it shall be subject to the terms and conditions specified in the Standard Agreement, and that the NOFA and Application will be incorporated in the Standard Agreement by reterence and made a part thereot. Any and all activities, expenditures, information, and timelines represented in the Application are enforceable through the Standard Agreement. Funds are to be used for the allowable expenditures and activities identified in the Standard Agreement.
SECTION 5. Thạt the City Manager of the City of Merced is authorized to execute the Application and the Homekey+ Documents on behalf of the Applicant for participation in the Homekey+ Program.
PASSED AND ADOPTED by the City Council of the City of Merced at a regular meeting held on the _ _day of _ 2025, by the following vote:
AYES: Council Members:
NOES: Council Members:
ABSENT: Council Members:
ABSTAIN: Council Members:
X:iResolutions|20241Planning|RESOLUTION UPholdings-Mercy Village-Homekey+Program.docx 2 APPROVED:
MATTHEW SERRATTO, MAYOR
Mayor
ATTEST:
D. SCOTT MCBRIDE, CITY CLERK
BY:
Assistant/Deputy City Clerk
(SEAL)
APPROVED AS TO FORM:
CRAIG J. CORNWELL, CITY ATTORNEY
Suig Cowell 2/20/2025
City Attorney
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