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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />NOVEMBER 18, 2013 <br />TITLE: <br />2013 -2014 ANNUAL ACTION PLAN SECOND <br />SUBSTANTIAL AMENDMENT FOR HOMEBUYER <br />DOWN PAYMENT ASSISTANCE LOAN PROGRAM <br />�f <br />Cl MANAGEg <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 15' Reading <br />❑ Ordinance on 2ntl Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Approve a second substantial amendment to the 2013 -14 Annual Action Plan approving a new <br />program activity using Community Development Block Grant funds and HOME Investment <br />Partnerships Program funds, and authorizing its submittal to the U.S. Department of Housing <br />and Urban Development. <br />2. Adopt the Homebuyer Down Payment Assistance Loan Program and allocate $280,000 of <br />HOME Investment Partnerships Program funds and $120,000 of Community Development <br />Block Grant (CDBG) funds for program funding. <br />FINANCE, ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE REVIEW <br />The Finance, Economic Development and Technology Committee reviewed this matter at its <br />meeting on October 14, 2013 and recommended that City Council proceed with said actions by a <br />vote of 3:0. <br />COMMUNITY REDEVELOPMENT AND HOUSING COMMISSION RECOMMENDATION <br />At its regular meeting on November 5, 2013, by a vote of 6:0 (Sandoval absent) the Community <br />Redevelopment and Housing Commission approved the recommended actions. <br />DISCUSSION <br />In May 2013, the City submitted to the U.S. Department of Housing and Urban Development <br />(HUD) an Annual Action Plan. The Annual Action Plan is the document whereby the City formally <br />applies to HUD for the annual federal grant allocations for CDBG, Home Investment Partnerships <br />Program (HOME), Emergency Solutions Grant (ESG), and Housing Opportunities for Persons <br />with AIDS (HOPWA), and describes how those grant funds will be utilized. <br />29A -1 <br />