Reso No.
RESOLUTION NO._____
A RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND
AUTHORIZING A JOINT APPLICATION TO AND PARTICIPATION IN THE
HOMEKEY PROGRAM
WHEREAS, the Department of Housing and Community Development (“Department”) has issued a Notice of Funding Availability, dated March 29, 2023 (“NOFA”), for the Homekey Program (“Homekey” or “Program”). The Department has issued the NOFA for Homekey grant funds pursuant to Health and Safety Code section 50675.1.3 (Assem. Bill No. 140 (2021- 2022 Reg. Sess.), § 20.); and
WHEREAS, the City of Richmond (“Co-Applicant”) desires to jointly apply for Homekey grant funds with 425 Civic Center LP, a California limited partnership affiliated with Novin Development Corporation (“Developer”). Therefore, Co-Applicant is joining Developer in the submittal of an application for Homekey funds (“Application”) to the Department for review and consideration; and
WHEREAS, the Department 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 Department-approved STD 213, Standard Agreement (“Standard Agreement”), and all other legal requirements of the Homekey Program.
NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE
RICHMOND CITY COUNCIL, COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA, THAT:
1. Co-Applicant is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and to jointly apply for Homekey grant funds in a total amount not to exceed $__________ for the development of a permanent supportive housing project at 425 24th Street, Richmond, California to consist of 48 units for people experiencing homelessness or at-risk of homelessness and one manager’s unit (the “Project”).
2. If the Application is approved, Co-Applicant is hereby authorized and directed to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $___________, and any and all other documents required or deemed necessary or appropriate to secure the Homekey funds from the Department and to participate in the Homekey Program, and all amendments thereto (collectively, the “Homekey Documents”).
3. Co-Applicant acknowledges and agrees 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
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the Standard Agreement by reference and made a part thereof. 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.
4. The City Manager of the City of Richmond is authorized to execute the Application and the Homekey Documents, and any amendments or modifications thereto, on behalf of the City as Co-Applicant for participation in the Homekey Program.
5. If the Application is approved, the City agrees to provide funding for the Project in an amount up to $___________, which may include capital funding in the amount of $____________, a waiver of transfer taxes in the amount of $_________, and an operating subsidy in the amount of up to $___________ to fund two (2) on-site social services providers for a period of _____(__) years.
6. The City Manager is hereby authorized and directed to take all such o ther actions and to execute, acknowledge, deliver, and record such other instruments, including without limitation, a Grant Agreement, a Regulatory Agreement, and an Implementation and Indemnity Agreement as the City Manager may deem necessary or appropri ate in order to carry out and perform the purposes and intent of the foregoing resolutions.
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I certify that the foregoing resolution was passed and adopted by the Council of the City of Richmond at a meeting thereof held on ______, 2023, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
Chairperson
[SEAL]
ATTEST:
Secretary
Approved as to form:
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City Attorney
The undersigned, ____________________ [Name and Title] of Co-Applicant does hereby attest and certify that the foregoing is a true and full copy of a resolution of the City Council of the City of Richmond, adopted at a duly convened meeting on the date above-mentioned, and that the resolution has not been altered, amended, or repealed.
SIGNATURE: ________________________ DATE: _____________________
NAME: _________________________________
TITLE: _________________________________