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Attachment A - FY 2024-25 HOME Funding Resolution.pdf

Santa Maria City Council
March 18, 2025

Document
Attachment A - FY 2024-25 HOME Funding Resolution.pdf
Meeting
March 18, 2025
Body
Santa Maria City Council
Original file
124 KB
Text extracted from the city's file for reading and search. Open the original on pub-santamaria.escribemeetings.com. That file is the official record.

Attachment A
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF SANTA MARIA, CALIFORNIA,
APPROVING THE USE OF FISCAL YEAR 2024-2025 HOME

INVESTMENT PARTNERSHIPS FUNDING TO BE ALLOCATED TO
ASSIST THE CITY OF SANTA MARIA’S TENANT-BASED RENTAL

ASSISTANCE PROGRAM AND AN AFFORDABLE HOUSING

PROJECT IN SANTA BARBARA COUNTY

WHEREAS, HOME Investment Partnerships (HOME) is a Federal program that funds a variety of activities aimed at providing affordable housing for low and moderate- income households; and

WHEREAS, the program is administered by the U.S. Department of Housing and Urban Development (HUD); and

WHEREAS, the City has participated in the HOME program, as part of a consortium with the County, since the HOME Consortium’s inception in 1995, with a gap year during Fiscal Year (FY) 2016-17; and

WHEREAS, Santa Barbara County is the lead agency and fiscal agent for the Consortium, and the City is under contract with the County Consortium as both a participating jurisdiction and a sub-recipient; and

WHEREAS, the City has been allocated $299,499 in HOME funding from the County Consortium for FY 2024-25; and

WHEREAS, the City is successfully using a portion of its HOME funds for its Tenant-Based Rental Assistance (TBRA) program and would like to continue offering this program by using $150,000 of its FY 2024-25 allocation towards rental security deposits to those whose income qualifies and are determined to be eligible; and

WHEREAS, the City did not receive a viable, local affordable housing project for FY 2024-25 HOME funding; and

WHEREAS, the City also understands the need for affordable housing in the community and would like to contribute its remaining $ 149,499 FY 202 4-25 HOME funding to an affordable housing project in Santa Barbara County.

NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of Santa Maria, California, as follows:

SECTION 1. $150,000 in HOME funds are allocated to assist with the City’s TBRA program and provide rental housing security deposits to area residents; and SECTION 2. $149,499 in HOME funds will be used for an affordable housing project in Santa Barbara County; and
Attachment A
SECTION 3. The Chief Deputy City Clerk is authorized and directed to make minor changes herein to address clerical errors, so long as substantial conformance of the intent of this document is maintained. In doing so, the Chief Deputy City Clerk shall consult with the City Manager and City Attorney concerning any changes deemed necessary.

PASSED AND ADOPTED at a regular meeting of the City Council of the City of Santa Maria held this 18th day of March 2025.

ATTEST:

Chief Deputy City Clerk

Mayor

APPROVED AS TO FORM:
_______________________________
City Attorney
APPROVED AS TO CONTENT:
_______________________________
Department Director
_______________________________
City Manager

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