HomeMy WebLinkAboutRESO 100431
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Resolution No. 10043
Resolution of the Council of the City of Palo Alto Authorizing Application for
and Receipt of 2022 California Department of Housing and Community
Development Local Housing Trust Funds
R E C I T A L S
A majority of the council members of the City of Palo Alto (“Applicant”) hereby consents
to, adopts and ratifies the following resolution:
A. WHEREAS, the Department is authorized to provide up to $57 million under the
Local Housing Trust Fund (“LHTF”) Program from the Veterans and Affordable Housing Bond Act
of 2018 (Proposition 1) (as described in Health and Safety Code section 50842.2 et seq. (Chapter
365, Statutes of 2017 (SB 3)) (“Program”).
B. WHEREAS the State of California (the “State”), Department of Housing and
Community Development (“Department”) issued a Notice of Funding Availability (“NOFA”) dated
4/5/2022 under the LHTF Program;
C. WHEREAS Applicant is an eligible Local or Regional Housing Trust Fund applying to
the Program to administer one or more eligible activities using Program Funds.
D. WHEREAS the Department may approve funding allocations for the LHTF Program,
subject to the terms and conditions of H&S Code Section 50842.2, the LHTF Program Guidelines,
NOFA, Program requirements, the Standard Agreement and other related contracts between the
Department and LHTF award recipients;
NOW, THEREFORE, the Council of the City of Palo Alto RESOLVES as follows:
SECTION 1. If Applicant receives an award of LHTF funds from the Department
pursuant to the above referenced LHTF NOFA, it represents and certifies that it will use all such
funds on Eligible Projects in a manner consistent and in compliance with all applicable state and
federal statutes, rules, regulations, and laws, including, without limitation, all rules and laws
regarding the LHTF Program, as well as any and all contracts Applicant may have with the
Department (“Eligible Project”).
SECTION 2. NOW, THEREFORE, IT IS RESOLVED: That the City of Palo Alto is hereby
authorized to act as the manager in connection with the Department's funds to Eligible Projects
pursuant to the above described Notice of Funding Availability in an amount not to exceed $3.4
million (the "LHTF Award"). NOTE: Dollar amount must include amount used for administrative
costs, pursuant to Section 105(b) of the Guidelines.
DocuSign Envelope ID: 9E65FF40-D5FA-4D90-8B7D-9A8E7FA85468
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SECTION 3. Applicant hereby agrees to match on a dollar for dollar basis the LHTF
Award pursuant to Guidelines Section 104. Applicant hereby agrees to utilize matching finds on
a dollar-for-dollar basis for the same Eligible Project for which Program Funds are used, as
required by HSC Section 50843.5(c).
SECTION 4. Pursuant to Attachment 1 and the Applicant’s certification in this
resolution, the LHTF funds will be expended only for Eligible Projects and consistent with all
program requirements.
SECTION 5. Nonprofit Housing Trust Funds and Native American Tribe Housing Trust
Funds agree to use Program Funds only for Eligible Projects located in cities and counties that
submitted an adopted Housing Element that was found by the Department to be in compliance
and that have submitted their Housing Element Annual Progress Report (APR) for the current
year or prior year by the application due date.
SECTION 6. Applicant shall be subject to the terms and conditions as specified in the
Standard Agreement, H&S Section 50842.2 and LHTF Program Guidelines
SECTION 7. The City’s Director of Planning and Development Services is/are authorized
to execute the LHTF Program Application, the LHTF Standard Agreement and any subsequent
amendments or modifications thereto, as well as any other documents which are related to the
Program or the LHTF Award to Applicant, as the Department may deem appropriate .
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DocuSign Envelope ID: 9E65FF40-D5FA-4D90-8B7D-9A8E7FA85468
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SECTION 8. The Council finds that the adoption of this resolution does not meet the
definition of a project under Public Resources Code Section 21065, thus, no environmental
assessment under the California Environmental Quality Act is required.
INTRODUCED AND PASSED: May 23, 2022
AYES: BURT, CORMACK, DUBOIS, FILSETH, KOU, STONE, TANAKA
NOES:
ABSENT:
ABSTENTIONS:
ATTEST:
__________________________ _____________________________
City Clerk Mayor
APPROVED AS TO FORM: APPROVED:
__________________________ _____________________________
Assistant City Attorney City Manager
DocuSign Envelope ID: 9E65FF40-D5FA-4D90-8B7D-9A8E7FA85468
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ATTACHMENT 1
The Applicant hereby agrees to match on a dollar for dollar basis the LHTF Award pursuant to
Guidelines Section 104. Applicant hereby agrees to utilize matching finds on a dollar-for-dollar basis
for the same Eligible Project for which Program Funds are used, as required by HSC Section
50843.5(c).
All (100%) of the City Council designated local matching funds from the Affordable Housing
Fund and LHTF program grant funds shall be used for only one LHTF eligible activity: deferred
payment permanent financing loans at simple interest rates of no higher than three percent per
annum for the development of LHTF program qualifying new affordable multi-family residential
rental housing projects that produce housing units at the following affordability levels: A
maximum of 70% of funds targeting housing units for residents with incomes at or below 60% of
area median income (AMI) and a minimum of 30% of funds targeting housing units for residents
with incomes at or below 30% AMI. These housing units would be income and rent restricted for
not less than 55 years. LHTF program grant funds would not be used to cover administrative
services.
All local matching funds and LHTF program grant funds would be delivered and used within the
City of Palo Alto.
DocuSign Envelope ID: 9E65FF40-D5FA-4D90-8B7D-9A8E7FA85468
Certificate Of Completion
Envelope Id: 9E65FF40D5FA4D908B7D9A8E7FA85468 Status: Completed
Subject: Please DocuSign: RESO 10043 Resolution to Designate Affordable Housing Funds for Participation ...
Source Envelope:
Document Pages: 4 Signatures: 4 Envelope Originator:
Certificate Pages: 2 Initials: 0 Mahealani Ah Yun
AutoNav: Enabled
EnvelopeId Stamping: Enabled
Time Zone: (UTC-08:00) Pacific Time (US & Canada)
250 Hamilton Ave
Palo Alto , CA 94301
Mahealani.AhYun@CityofPaloAlto.org
IP Address: 199.33.32.254
Record Tracking
Status: Original
5/24/2022 9:11:37 AM
Holder: Mahealani Ah Yun
Mahealani.AhYun@CityofPaloAlto.org
Location: DocuSign
Security Appliance Status: Connected Pool: StateLocal
Storage Appliance Status: Connected Pool: City of Palo Alto Location: DocuSign
Signer Events Signature Timestamp
Albert Yang
albert.yang@cityofpaloalto.org
Assistant City Attorney
City of Palo Alto
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Signed by link sent to albert.yang@cityofpaloalto.org
Using IP Address: 97.126.30.97
Sent: 5/24/2022 9:12:55 AM
Viewed: 5/24/2022 9:17:21 AM
Signed: 5/24/2022 9:18:15 AM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Ed Shikada
ed.shikada@cityofpaloalto.org
Ed Shikada, City Manager
City of Palo Alto
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Signed by link sent to ed.shikada@cityofpaloalto.org
Using IP Address: 98.37.252.60
Sent: 5/24/2022 9:18:16 AM
Viewed: 5/24/2022 7:52:28 PM
Signed: 5/24/2022 7:52:36 PM
Electronic Record and Signature Disclosure:
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Patrick Burt
pat@patburt.org
Mr
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Signed by link sent to pat@patburt.org
Using IP Address: 98.37.159.0
Sent: 5/24/2022 7:52:37 PM
Viewed: 5/25/2022 10:17:11 AM
Signed: 5/25/2022 10:17:27 AM
Electronic Record and Signature Disclosure:
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Signer Events Signature Timestamp
Lesley Milton
Lesley.Milton@CityofPaloAlto.org
City Clerk
Security Level: Email, Account Authentication
(None)Signature Adoption: Pre-selected Style
Signed by link sent to
Lesley.Milton@CityofPaloAlto.org
Using IP Address: 73.223.74.76
Signed using mobile
Sent: 5/25/2022 10:17:29 AM
Viewed: 5/25/2022 10:19:01 AM
Signed: 5/25/2022 10:19:09 AM
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
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Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 5/24/2022 9:12:55 AM
Certified Delivered Security Checked 5/25/2022 10:19:01 AM
Signing Complete Security Checked 5/25/2022 10:19:09 AM
Completed Security Checked 5/25/2022 10:19:09 AM
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