Attachment 2
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CITY OF MOUNTAIN VIEW
RESOLUTION NO.
SERIES 2023
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOUNTAIN VIEW
ESTABLISHING THE CITY OF MOUNTAIN VIEW LOCAL HOUSING TRUST FUND
WHEREAS, the State of California and the San Francisco Bay Area face an unprecedented affordable housing crisis; and
WHEREAS, the State Legislature has established the Local Housing Trust Fund (LHTF) Program to provide matching grants to Local Housing Trust Funds established by cities; and
WHEREAS, the City Council desires to leverage State funding to support the City’s efforts to promote the development of supportive and affordable housing projects throughout the City; and
WHEREAS, it is the intent of the Ci ty Council to establish a Local Housing Trust Fund and transfer funds from the existing Housing Impact Fees Fund in the amount of $5,000,000 to serve as matching funds in compliance with the California Department of Housing and Community Development’s (HCD) LHTF Program Guidelines; now, therefore, be it
RESOLVED: by the City Council of the City of Mountain View that a City of Mountain View Local Housing Trust Fund shall be established within the Housing Impact Fees Fund. The Finance and Administrative S ervices Director or designee (FASD Director) is authorized and directed to take all necessary actions to establish and create the Local Housing Trust Fund to fund affordable rental housing projects, transitional housing projects, emergency shelters, homeow nership projects, and other eligible projects under the LHTF Program; and be it
FURTHER RESOLVED: that t he Community Development Director or designee (CDD Director) is authorized to create program guidelines for the City of Mountain View Local Housing Trust Fund consistent with the requirements outlined in HCD ’s LHTF Program Guidelines and Notice of Funding Availability. The CDD Director is further authori zed to amend the City ’s guidelines as necessary to comply with new and updated LHTF Program requirements.
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HR-WC/6/RESO
846-05-09-23r-1