Resolution No.
STOCKTON CITY COUNCIL
RESOLUTION AUTHORIZING THE CITY OF STOCKTON’S JOINT APPLICATION TO AND PARTICIPATION IN THE HOMEKEY PROGRAM The Department of Housing and Community Development (“Department”) has issued a Notice of Funding Availability, (“NOFA”) dated September 9, 2021, 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 (Assembly Bill No. 140 (2021-2022 Reg. Sess.) § 20); and The City of Stockton (“Co-Applicant”) desires to jointly apply for Homekey grant funds with Visionary Home Builders of CA (“Corporation”). Therefore, Co-Applicant is joining Corporation in the submittal of an Application for Homekey funds (“Application”) to the Department for review and consideration; and 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 CITY COUNCIL OF THE CITY OF STOCKTON, AS FOLLOWS:
Co-Applicant and Corporation are 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 $5 million.
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 $5 million; and a Grant Agreement with the Co-Applicant in the amount up to $2 million; 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”).
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 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.
Approve and authorize the execution of the Application and the Homekey Documents on behalf of Co-Applicant for participation in the Homekey Program.
Approve and authorize the City Manager or designee to allocate up to $2 million of the Co-Applicant’s HHAP Round 2 funding, for the required funding match as deemed appropriate to meet the Homekey program guidelines upon award from the State.
Approve and authorize the revenue and expenditure budget appropriations in the amount of the award from the State and match from the Co-Applicant if grant funds from the State are awarded.
The City Manager is hereby authorized to take whatever actions are necessary and appropriate to carry out the purpose and intent of this Resolution.
PASSED, APPROVED, and ADOPTED June 21, 2022 .
KEVIN J. LINCOLN II
Mayor of the City of Stockton
ATTEST:
ELIZA R. GARZA, CMC
City Clerk of the City of Stockton