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 2026-2027 OPERATING BUDGET WITH PROPOSED REVENUES IN THE AMOUNT OF $4,154,579.00, TOTAL PROPOSED EXPENDITURES OF $5,439,652.00, AND APPROVE A SUBSIDY FROM THE CITY OF RICHMOND GENERAL FUND IN THE AMOUNT OF $1,260,073.00, AND AUTHORIZING THE USE OF AVAILABLE HACIENDA PROCEEDS IN THE AMOUNT OF $25,000 WHICH WILL BALANCE THE RHA BUDGET TO $5,439,652 IN ESTIMATED REVENUES AND $5,439,652 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
WHEARES, RHA continues to operate within the framework of the Public Housing Authority Recovery and Sustainability Agreement (PHARS), including efforts to improve financial and operational stability, address outstanding compliance matters, and advance the repositioning and redevelopment of RHA’s public housing assets; and WHEREAS, RHA’s main goals and objectives for FY 2026–2027, in addition to the administration of its core public housing programs, include continued asset repositioning, redevelopment planning, financial compliance, and maintenance of safe and habitable housing; and
WHEREAS, the FY 2026–2027 operating budget includes proposed revenues in the amount of $4,154,579.00, total proposed expenditures in the amount of $5,439,652.00, a proposed City of Richmond General Fund subsidy in the amount of $1,260,073.00, and the use of available Hacienda income fund balance in the amount of $25,000 to balance the budget.
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 2026-2027 operating budget for the Richmond Housing Authority in the amount of $ 4,154,579.00, in estimated revenues, and with total proposed expenditures of $ 5,439,652.00 an RHA subsidy from the City of Richmond General Fund in the amount of $ 1,260,073.00, and authorize the use of available Hacienda proceeds in the amount of $25,000 which will provide sufficient revenue to match anticipated expenditures and balance the RHA budget to $ 5,439,652.00 in estimated revenues and $5,439,652.00 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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Reso. No. ____
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 16, 2026, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
Chairperson
[SEAL]
Attest:
Secretary
Approved as to form:
City 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 Special Housing Authority Meeting held on June 16, 2026.
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CLERK OF THE HOUSING AUTHORITY