HomeMy Public PortalAbout2008.048 (04-01-08)RESOLUTION NO 2008.048
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NOW, THEREFORE, the City of Lynwood does hereby resolve as follows.
Section 1 . That the Lynwood City Council approve the CHDO HOME Fund
Reservation and Commitment Agreement with Habitat for Humanity
of Greater Los Angeles, Inc
Section 2. The City hereby commits $656,386 of its CHDO allocation to
Habitat for Humanity of Greater Los Angeles
Section 4 . The Mayor is hereby authorized to execute the agreement.
A RESOLUTION OF THE CITY OF LYNWOOD APPROVING A HOME FUND
RESERVATION AND COMMITMENT AGREEMENT BETWEEN THE CITY OF
LYNWOOD AND HABITAT FOR HUMANITY OF GREATER LOS ANGELES,
Inc.
WHEREAS, The City of Lynwood administers a Housing Rehabilitation
Program pursuant HUD /HOME guidelines located at Title 24 CFR, Part 92; and
WHEREAS, in accordance with HUD guidelines, the City of Lynwood is
required to reserve and commit 15% of the annual allocation of its HOME funds
to a qualified Community Housing Development Organization (CHDO) within a
24 month period, and
WHEREAS, The City of Lynwood proposes to enter into a HOME Program
Participation Agreement with Habitat for Humanity of Greater Los Angeles, Inc. a
qualified CHDO, to assist the City in carrying out the HOME requirements of
providing affordable housing opportunities to low and very low income residents,
and
WHEREAS, The City proposes to commit $ 656,386 of CHDO funds to
Habitat for Humanity of Greater Los Angeles, Inc. for a project to create low
income ownership housing for Lynwood residents, and
Section 3. The above mentioned funds shall be used for an appropriate
Project compliant with HUD /HOME regulations for the development
of affordable ownership housing
Section 5 . This Resolution shall go into effect immediately upon its adoption
PASSED, APPROVED, AND ADOPTED this 1st day of April, 2008.
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aria Quinonez, - ty Clerk
Maria T Santillan, Mayor
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Roger Manager
APPROVED AS TO FORM:
Au
Fred Galante, City Attorney
APPROVED AS TO CONTENT:
L ry Hem e, Assistant City Manager
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that
the foregoing Resolution was passed and adopted by the City Council of the City
of Lynwood at a regular meeting held on the 1 5t day of April, 2008
AYES* COUNCIL MEMBERS, CASTRO, FLORES, MORTON,
RODRIGUEZ, AND SANTILLAN
NOES NONE
ABSENT NONE
ABSTAIN. NONE
Maria Quinonez, Ci y Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and the Clerk of the
City Council of said City, do hereby certify that the above foregoing is a full, true
and correct copy of Resolution No. 2008.048 on file in my office and that said
Resolution was adopted on the date and by the vote therein stated. Dated this
1 ST day of April, 2008
Maria Quinonez, City Clerk
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