HomeMy Public PortalAbout2011.012 - LRA (02-15-11) RESOLUTION NO. 2011.012
A JOINT RESOLUTION OF THE CITY COUNCIL AND LYNWOOD
REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD APPROVING
AMENDMENTS TO THE HOUSING REHABILITATION PROGRAM GUIDELINES
WHEREAS, the City of Lynwood is a participating jurisdiction of the Home
Investment Partnerships Program (HOME Program) and receives an allocation of
federal funding to provide affordable housing for-low income households; and
WHEREAS, the Lynwood City Council has adopted a Housing Rehabilitation
Program to address the housing needs and enhance the overall housing conditions and
increase affordable housing opportunities to principally benefit low income households;
and
WHEREAS, the Redevelopment Agency Low-and Moderate Income Housing
Set-aside funds can be used in conjunction with HOME funds as an added program
source for the adopted Housing Rehabilitation Program; and
WHEREAS, the HOME funded housing programs are administered by the City
of Lynwood in compliance with the federal regulations established by the Department of
Housing and Urban Development (HUD); and
WHEREAS, the federal regulation provide opportunities for the City of Lynwood
to establish programs and develop program guidelines according to the local housing
needs.
NOW, THEREFORE, THE LYNWOOD REDEVELOPMENT AGENCY DOES
FiEREBY RESOLVE AS FOLLOWS:
Section 1. That the City of Lynwood's Housing Rehabilitation Guidelines are
hereby amended to read as follows:
A. Grants & Loans — Terms, Conditions and Restrictions
1. The maximum program loan amount is $35,000
2. The maximum program grant amount is $10,000
3. The maximum total funding under the program is $45,000
4. Eligibte emergency repairs shall be addressed with available grant funding
to approved applicants.
5. Subject to Lynwood Redevelopment Agency approval, the use of Low and
Moderate Income Housing Set-aside funds is an added source of program
funds.
B. Program Administration
1. The authority to administer the Housing Rehabilitation Program shall be
vested with the Director of Redevelopment or their designee.
C. Property Eligibility
1. Program assistance shall be limited to eligible detached single family
residential property located within the corporate city limits.
2. All funded programs loans and grants shall comply with the maximum
post-rehabilitation value and maximum per unit subsidy limits as
established by HUD.
3. The combination of all secured indebtedness (including the Program loan)
may not exceed 90% of the assisted property's estimated post
rehabilitation value, as determined by appraisal.
D. Loan and Grant Approval
1. All program loans and grants shall be approved by the Project Review
Committee (LRC), which consists of the Director of Redevelopment and/or
appointed designee.
E. Eligible Program Costs
1. All eligible program soft costs shall be charged to the City, and not to the
applicant's program grant or loan.
F. Conflict of Interest
1. All City Council Members, all Community Development Department
employees and any employee, official or agent of the City who exercises
any policy or program decision-making function in connection with the
Program is ineligible for assistance under the Program. This policy will be
in effect until the individual's disassociation with the City of Lynwood in
such a capacity.
G. Contractor Conditions
1. Prior to contract award, contractor eligibility shall be determined by:
a. Checking the contractor's license status with the Contractors State
License Board (www.cslb.ca.gov);
b. Checking the contractor's Federal debarment status with the Excluded
Parties Listing System (www.epls.gov);
c. Obtaining a copy of the contractor's current City of Lynwood Business
License; and
d. Obtaining additionally insured General Liability ($1 million general
aggregate coverage) and Workers Compensation (statutory coverage)
insurance certificates.
H. Loan Security and Documentation
1. The City shall not be committed to fund any loan-funded project prior to
the City's execution of a Participation Agreement and recordation of the
program Deed of Trust. Similarly, the City shall not be committed to fund
any grant-funded project prior to the City's execution of the Participation
Agreement.
2. In connection with any funded program loan, the City shall obtain the
following signed loan documents:
a. Promissory Note;
b. Deed of Trust;
c. Good Faith Estimate of Settlement Charges;
d. Itemization of Amount Financed;
e. Right of Rescission; and
f. Request for Notice under Section 2924b of the Civil Code (i.e. Notice
to City if senior loans foreclose or upon sale).
Section 2. That the Director of Redevelopment or designee is authorized to
prepare Implementation Procedures which will effectuate the policies established within
the Program Guidelines, and control the implementation of the Housing Rehabilitation
Program.
Section 3. That the Executive Director or designee is authorized to prepare
and execute such documents related to amendment of the guidelines.
Section 4. This Resolution takes effect immediately upon its adoption.
PASSED, APPROVED, and ADOPTED this 15 day of February 2011.
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Aide Castro, Chair
ATTEST:
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aria Quinonez, cretary Roger L. Haley, E cutive Director
APPROVED AS TO FORM: APPRO D AS TO CONTENT:
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Fred Galante, Agency Counsel Sarah na it ers, Director of
Redevelopment
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the foregoing Resolution was passed and adopted by the Agency at its
regular meeting held on the 15 day of February, 2011.
AYES: MEMBERS FLORES, RODRIGUEZ, SANTILLAN, MORTON AND
CASTRO
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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Maria Quinonez, Se etary
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the above foregoing is a full, true and correct copy of Resolution No.
2011.012 on file in my office and that said Resolution was adopted on the date and by
the vote therein stated. Dated this 15 day of February, 2011.
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Maria Quinonez, ecretary