55C - RESO OC HOUSING FINANCE JOINT POWERS

Home Browse Search

• Promote public -private partnerships, nonprofit collaborations, and community building to maximize sources of funds public and private, when available, and to efficiently accelerate housing for low, very low and extremely low income individuals and families. • Provide opportunities to strengthen local partnerships and increase capacity of local cities and agencies engaged in fulfilling housing goals. • Commit to innovation and best practices in financing, production, and service delivery in supportive housing. • Serve the region's needs geographically by (1) extremely low, very'low, low income, and supportive housing types and (2) by population. !ti • Foster collaborative planning to allow for project prioritizatiomand establish a pipeline of projects. • Provide access to funding to ensure that Orange County receives the maximum benefit for the resources provided. ; • Incorporate County's Coordinated Entry System in conjunction with the cities INodally-driven protocols to ensure that the developed housing resources lias appropriately targeted and prioritized eligible homeless populations for each, project. Part 2 — Bylaws of the OC Housing Finance Trust ' ARTICLE I - Name The name of this entity shall be the "Orange County Housing Finance Trust" or "OCHFT" in these Bylaws. ARTICLE II —.Membership and Purpose Section A: ,OCHFT Membership OCHFT is comprised of the County of Orange and the cities have executed OCHFT's Joint Powers Agreement (see Exhibit _). The Agreement may be amended from time to time, as needed, and is incorporated herein subject to those1amendmehts. Section B: Purposes; Functions and Preclusions The vision of OCHFT shall 6e to provide innovative financial solutions for the humanitarian crisis of homelessness in our local'com}nunities, in furtherance of OCHFT's mission as stated in Part 1, Introduction. More specifically, the purpose and functions of OCHFT shall be: • To fund the planning and construction of housing for the homeless population and persons and families of extremely low, very low, and low income, as defined in Section 50093 of the Health and Safety Code, including, but not limited to, housing that includes supportive services; • To receive public and private financing and funds; • To authorize and issue bonds, certificates of participation, or any other debt instrument repayable from funds and financing received pursuant to paragraph (2) and pledged by the Orange County Housing Finance Trust; 55C-28