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REQUEST FOR <br />AGENCY ACTION <br />AGENCY BOARD MEETING DATE: <br />SEPTEMBER 20, 2004 <br />TITLE <br />CALHFA HELP PROGRAM <br />APPLICATION <br />EdVU4on 1st <br />AGENCY SECRETARY USE ONLY: <br />RECOMMENDED ACTION <br />1. Adopt a resolution <br />California Housing <br />Program. <br />APPROVED <br />❑ <br />As Recommended <br />❑ <br />As Amended <br />❑ <br />Ordinance on 1" Reading <br />❑ <br />Ordinance on 2nd Reading <br />❑ <br />Implementing Resolution <br />❑ <br />Set Public Hearing For <br />CONTINUED <br />TO <br />FILE NUMBER <br />approving submission of an application to the <br />Finance Agency for $2,000,000 under the HELP <br />2. Authorize the Executive Director of the Community Development Agency <br />to execute the application and all documents relating thereto. <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION <br />Recommended that the Community Redevelopment Agency: <br />1. Adopt a resolution approving submission of an application to the <br />California Housing Finance Agency for $2,000,000 under the HELP <br />Program. <br />2. Authorize the Executive Director of the Community Development Agency <br />to execute the application and all documents relating thereto. <br />By a vote of 7:0 (Bustamante absent) at its Regular Meeting of September <br />7, 2004. <br />DISCUSSION <br />The California Housing Finance Agency (CalHFA) was chartered by the State <br />of California in 1975 to serve as the State's affordable housing bank. <br />4 -1 <br />