City Council Agenda Report
April 2, 2024
TO: Honorable City Council
FROM: Jesus M. Gomez, City Manager
BY: John P. Ramirez, Director of Community Development
Amanda Moreno, Senior Management Analyst
SUBJECT: RESOLUTION NO. 24-17 – BUDGET AMEDMENT - GRANT FUNDING FROM
THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT’S CALHOME PROGRAM
Background:
On February 7, 2023, City Council approved the submission of an application to the California State Department of Housing and Community Development for funding under the Calhome Program (Program). The Program provides loans and grants to local public entities and nonprofits for homeownership development projects, technical assistance for self-help housing projects, first-time homebuyer mortgage assistance, owner-occupied rehabilitation assistance, technical assistance for shared housing programs, and accessory dwelling unit/junior accessory dwelling unit programs.
In November 2023, the City received a conditional grant award in the amount of $3,000,000 to provide First Time Homebuyer Mortgage Assistance ($2,400,000) and Owner-Occupied Rehabilitation Program ($600,000). Staff submitted the required documents to meet the conditions of award acceptance. Staff will work with Global Urban Strategies, Inc. to administer the Program. Global Urban Strategies, Inc. will be compensated directly from the administration fees allocated by the Program funds.
Fiscal Impact:
A Fiscal Year 2023/24 budget amendment is required to reflect an appropriation of grant funds for eligible project expenditures in an amount not to exceed $3,000,000. There are no local match requirements. There is no impact to the General Fund.
Citizens Advised: N/A
City Council April 2, 2024
Resolution No. 24-17 – CalHome Program Page No. 2
Budget Amendment
8 1
9 Strategic Plan 2023 Implementation:
The recommended actions will further the City’s Strategic Plan Goal 2: Work in Partnership with Our Community to Achieve Safe and Livable Neighborhoods.
Recommended Action:
Staff recommends City Council adopt Resolution No. 24-17, A RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF NORWALK AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2023-24 ADOPTED BUDGET TO APPROPRIATE FUNDS FOR THE CALIFORNIA
STATE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT CALHOME
PROGRAM TO FUND FIRST TIME HOMEBUYER MORTGAGE ASSISTANCE AND OWNER- OCCUPIED REHABILITATION PROGRAM, in the amount of $3,000,000.
Attachments:
Resolution No. 24-17