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HomeMy WebLinkAbout2017-048 - Housing and Sustainable Communities Program Grant FundingROH — 07/05/17 RESOLUTION NO. 2017-048 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING THE CITY MANAGER TO ENTER INTO AGREEMENTS WITH THE STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (HCD) FOR AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES (AHSC) PROGRAM GRANT FUNDING BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS: Section 1. The City Council of the City of Santa Ana hereby finds, determines and declares as follows: A. The Strategic Growth Council ("SGC") and the State of California Department of Housing and Community Development ("HCD") issued a Notice of Funding Availability dated January 29, 2016 ("NOFA") under the Affordable Housing and Sustainable Communities ("AHSC") Program. B. On June 7, 2016, The City Council of the City of Santa Ana adopted a resolution authorizing submittal of a funding application as a joint applicant with Meta Housing Corporation for AHSC Program funds in an amount not to exceed $12,028,626, of which $7,833,126 was requested as a loan with Meta Housing Corporation for Affordable Housing Development, $1,288,000 was requested for a grant to the City for a Sustainable Transportation Infrastructure Project for the Santa Ana Arts Collective Project, and $22,500 was requested for a grant to Meta Housing Corporation to support the Southern California Association of Governments' Go Human program. C. On November 21, 2016, the City and Meta Housing Corporation were awarded $12,028,626 in AHSC funds, which included $1,288,000 in grant funds to the City. The total award was reduced to $9,139,630 in accordance with regulatory restrictions upon Meta Housing Corporation's acceptance of competitive 9% low income housing tax credits. Additionally, Meta Housing Corporation did not accept $2,885,000 in housing -related grant funds because their programmatic requirements resulted in an increased funding gap rather than in a reduction. D. Meta Housing Corporation and the City of Santa Ana are Eligible Applicants/Sponsors under the AHSC Program and were awarded an AHSC Program loan in an amount not to exceed $4,944,130 ("AHSC Loan") and an Resolution No. 2017-048 Page 1 of 3 AHSC Program grant in an amount not to exceed $1,310,500 ("AHSC Grant") under the above described NOFA for an aggregate amount not to exceed $6,254,630 under the above described NOFA. Section 2. The City Council of the City of Santa Ana hereby authorizes and directs the City to incur an obligation for the AHSC Loan and AHSC Grant. That in connection with the AHSC Loan and AHSC Grant, the City Manager, or his/her designee(s), is authorized and directed to enter into, execute, and deliver, subject to approval by the City Attorney's Office, the AHSC Loan Standard Agreement in an amount not to exceed $4,944,130, the AHCS Grant Standard Agreement in an amount not to exceed $1,310,500, and any and all other documents required or deemed necessary or appropriate to carry into effect the full intent and purpose of the above resolution, in order to evidence the AHSC Loan and AHSC Grant, the City's obligations related thereto, and HCD's security therefore; including, but not limited to, a subordination agreement, a disbursement agreement, a covenant and certain other documents required by HCD as security for, evidence of or pertaining to the AHSC Loan and AHSC Grant, and all amendments thereto (collectively, the "AHSC Documents"). Section 3. The City shall be subject to the terms and conditions as specified in the Standard Agreements. Funds are to be used for allowable capital asset project expenditures to be identified in Exhibit A of the Standard Agreements. The application in full is incorporated as part of the Standard Agreements. Any and all activities funded, information provided, and timelines represented in the application are enforceable through the Standard Agreement. The City hereby agrees to use the funds for eligible capital asset(s) in the manner presented in the application as approved by HCD and in accordance with the NOFA, Program Guidelines and application package. Section 4. This Resolution shall take effect immediately upon its adoption by the City Council and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. Resolution No. 2017-048 Page 2 of 3 ADOPTED this 51h day of July, 2017. APPROVED AS TO FORM: SONIA Rte. RVALHO, City Attorney LIM AYES: Councilmembers Benavides, Pulido, Sarmiento, Solorio, Tinaiero, Villegas (6) NOES: Councilmembers Martinez (1) ABSTAIN: Councilmembers NOT PRESENT: Councilmembers None (0) CERTIFICATE OF ATTESTATION AND ORIGINALITY I, MARIA D. HUIZAR, Clerk of the Council, do hereby attest to and certify the attached Resolution No. 2017-048 to be the original resolution adopted by the City Council of the City of Santa Ana on July 5, 2017. Date: 7�/G��l ��Gl� . �� ✓ Maria D. Huizar Clerk of the Council City of Santa Ana Resolution No. 2017-048 Page 3 of 3