Reso. No.
RESOLUTION NO._____
A JOINT RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND AND
BOARD OF COMMISSIONERS OF THE HOUSING AUTHORITY OF THE CITY
OF RICHMOND (RHA) ADOPTING THE HOUSING AUTHORITY FISCAL YEAR 2024-2025 OPERATING BUDGET WITH PROPOSED REVENUES IN THE AMOUNT OF $4,319,879, TOTAL PROPOSED EXPENDITURES OF $4,671,805.57,
AND APPROVE AN RHA SUBSIDY FROM THE CITY OF RICHMOND GENERAL FUND IN THE AMOUNT OF $351,926.57, WHICH WILL BALANCE THE RHA BUDGET TO $4,671,805.57 IN ESTIMATED REVENUES AND $4,671,805.57 IN
EXPENDITURES
WHEREAS, the Richmond Housing Authority (RHA) is a public entity chartered by the City of Richmond, California, as a separate legal entity under the provisions of the U.S. Housing Act of 1937; and
WHEREAS, RHA’s programs are funded by the federal government, subject to the rules and guidelines of the United States Department of Housing and Urban Development (HUD); and
WHEREAS, RHA’s mission is to provide decent, safe and sanitary affordable housing and coordinate supportive services for low-income residents and program participants of the City of Richmond; and
WHEREAS, RHA administers the Low Rent Public Housing Program, and administers the Capital Fund Grant Program to fund rehabilitation activity on its existing public housing stock; and
WHEREAS, the RHA’s main goals and objectives for FY 2024-2025, in addition to the administration of its core public housing programs, will be to continue the repositioning of RHA assets .
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS OF THE
HOUSING AUTHORITY OF THE CITY OF RICHMOND AND THE MEMBERS OF
THE RICHMOND CITY COUNCIL, COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA, THAT: the FY 2024-2025 operating budget for the Richmond Housing Authority in the amount of $4,319,879 in estimated revenues, and with total proposed expenditures of $4,671,805.57, and an RHA subsidy from the City of Richmond General Fund in the amount of $351,926.57, which will provide sufficient revenue to match anticipated expenditures and balance the RHA budget to $4,671,805.57 in estimated revenues and $4,671,805.57 in expenditures is hereby adopted.
BE IT FURTHER RESOLVED THAT t he Executive Director and City Manager is authorized to take all actions necessary to implement the foregoing resolution.
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I certify that the foregoing resolution was passed and adopted by the Council of the City of Richmond and the Richmond Housing Board of Commissioners at a joint meeting thereof held on June 18, 2024, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
Reso. No.
Chairperson
[SEAL]
ATTEST:
Secretary
Approved as to form:
Attorney
State of California }
County of Contra Costa : ss.
City of Richmond }
I certify that the foregoing is a true copy of Resolution No. , finally passed and adopted at a joint City Council and Housing Authority Meeting held on June 18, 2024.
CLERK OF THE HOUSING AUTHORITY