HomeMy WebLinkAboutCC RESO 2010-142RESOLUTION NO. 2010 — 142
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
ADOPTING THE NATIONAL CITY FIRST-TIME HOMEBUYER ASSISTANCE
PROGRAM MANUAL, AND AUTHORIZING THE MAYOR TO EXECUTE
A SUBRECIPIENT AGREEMENT BETWEEN THE CITY OF NATIONAL CITY
AND COMMUNITY HOUSINGWORKS REALTY & LENDING INCORPORATED
TO ADMINISTER THE FIRST-TIME HOMEBUYER ASSISTANCE PROGRAM
WHEREAS, the HOME Investment Partnerships Act, Title II of the Cranston -
Gonzalez National Affordable Housing Act (42 U.S.C. 12701), as enacted and amended by the
Congress of the United States, and promulgated by federal rules and regulations, hereinafter
called the "HOME program", provides entitlement funds to states and local governments to
expand the supply of affordable housing, and make housing more affordable to very -low and
low-income families; and
WHEREAS, the City Council has appropriated $358,090.00 in Fiscal Year 2010
and $296,989.00 in Fiscal Year 2011 to assist low-income First -Time Homebuyers at or under
80% of Area Median Income by providing assistance in the form of a silent second mortgage
loan of 20% of the purchase price up to $40,000; and
WHEREAS, the City has developed program guidelines that comply with HOME
program regulations and provide the policies and procedures for the loan program; and
WHEREAS, the HOME program allows units of general local government to
enter into an agreement with a subrecipient to administer HOME program funds; and
WHEREAS, the City solicited proposals for the administration of the City's First -
Time Homebuyer Assistance Program through a Request for Proposal process; and
WHEREAS, Community HousingWorks Realty & Lending, Inc., responded to the
Request for Proposal and was selected as the proposed Program Administrator for their
qualifications and experience in homebuyer education and counseling, down payment, and closing
cost loan and grant assistance programs.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
National City hereby adopts the National City First Time Homebuyer Assistant Program Manual.
BE IT FURTHER RESOLVED that the City Council of the City of National City
authorizes the Mayor to execute a Subrecipient Agreement between the City of National City
and Community HousingWorks Realty & Lending, Inc., for the administration of the National
City First Time Homebuyer Assistance Program. Said Subrecipient Agreement is on file in
the office of the City Clerk
PASSED and ADOPTED this 22nd day of Jun010.
on Morrison, Mayor
ATTEST: APPROVED AS TO FORM:
Mike Dab, City Jerk George H. Eiser, III, City Attorney
Passed and adopted by the Council of the City of National City, California, on June 22,
2010 by the following vote, to -wit:
Ayes: Councilmembers Morrison, Sotelo-Solis, Van Deventer, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
City Clerk of the City of National City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2010-142 of the City of National City, California, passed and
adopted by the Council of said City on June 22, 2010.
City Clerk of the City of National City, Califomia
By:
Deputy