Attachment 1
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CITY OF MOUNTAIN VIEW
RESOLUTION NO.
SERIES 2024
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOUNTAIN VIEW:
(1) ACCEPTING AND APPROPRIATING A STATE OF CALIFORNIA PERMANENT LOCAL HOUSING ALLOCATION (“PLHA”) PROGRAM AWARD IN THE AMOUNT OF $1,094,136; (2) ALLOCATING $930,000 OF THE PLHA FUNDS TO THE 96 WEST EL CAMINO REAL AFFORDABLE HOUSING PROJECT; (3) ALLOCATING $110,000 OF THE PLHA FUNDS TO THE BELOW-MARKET-RATE (“BMR”) DOWNPAYMENT ASSISTANCE PILOT PROGRAM; (4) AUTHORIZING USE OF UP TO $54,136 OF THE PLHA FUNDS FOR ELIGIBLE ADMINISTRATIVE COSTS; AND (5) REDUCING THE PREVIOUS APPROPRIATION OF $8,000,000 FROM THE HOUSING IMPACT FUND FOR THE 96 WEST EL CAMINO REAL PROJECT BY $930,000
WHEREAS, the State of California (the “State”) Department of Housing and Community Development (“Department”) is authorized to provide up to $335 million under Senate Bill 2 (SB 2), Permanent Local Housing Allocation Program Formula Component from the Building Homes and Jobs Trust Fund, for assistance to cities and counties (as described in Health and Safety Code Section 50470, et seq. (Chapter 364, Statutes of 2017 (SB 2)); and
WHEREAS, the Department issued a Notice of Funding Availability (“NOFA”) , dated August 17, 2022, under the Permanent Local Housing Allocation (PLHA) program; and
WHEREAS, the City of Mountain View (“City”) is a local government eligible to apply for an award of PLHA program funds to administer one or more eligible activities; and
WHEREAS, on October 25, 2022, the City Council authorized City staff to apply for an award of PLHA program funds; and
WHEREAS, on May 16, 2023, the City was awarded $1,094,136 under the PLHA program ; and
WHEREAS, on July 10, 2023, the City entered into a S tandard Agreement with the Department, which governs the City’s use of its PLHA program fund award; and
WHEREAS, City staff recommends allocating $930,000 of the PLHA program funds to the 96 West El Camino Real affordable housing project for eligible pre-development activities; and
WHEREAS, City staff recommends allocating $110,000 of the PLHA funds to the B elow- Market-Rate downpayment assistance pilot program; and
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WHEREAS, City staff recommends authorizing the use of up to $54,136 of the PLHA funds for eligible administrative costs; and
WHEREAS, in light of the availability of $930,000 in PLHA program funds for the 96 West El Camino Real affordable housing project , City staff recommends reducing the previous appropriation of $8,000,000 from the City’s Housing Impact Fund for this project by $930,000 to make those Housing Impact funds available for other eligible projects; now, therefore, be it
RESOLVED: that the City Council of the City of Mountain View hereby accepts and appropriates the State of California Permanent Local Housing Allocation program award in the amount of $1,094,136 to the City’s PLHA fund; and be it
FURTHER RESOLVED: that the City Council of the City of Mountain View allocates $930,000 of the PLHA program funds to the 96 West El Camino Real affordable housing project for eligible pre-development activities; and be it
FURTHER RESOLVED: that the City Council of the City of Mountain View allocates $110,000 of the PLHA program funds to the Below- Market-Rate downpayment assistance pilot program; and be it
FURTHER RESOLVED: that the City Council of the City of Mountain View authorizes use of up to $54,136 of the PLHA program funds for eligible administrative costs; and be it
FURTHER RESOLVED: that the City Council of the City of Mountain View reduces the appropriation of $8,000,000 from the City’s Housing Impact Fund to the 96 West El Camino Real affordable housing project by $930,000 and authorizes return of the $930,000 to the Housing Impact Fund for other eligible projects; and be it
FURTHER RESOLVED: that this Resolution shall be effective upon the date of its adoption.
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DT-JB/6/RESO
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