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20-828
| 1 | 1. | | Resolution | Recommendation to:
A) Adopt a resolution:
1. Authorizing and directing the County Manager, or the Director of the Department of Housing as his designee, to prepare and submit an application for grant funds from the Homekey Program administered by the State of California Department of Housing and Community Development (“State HCD”), in response to its Notice of Funding Availability, dated July 16, 2020, in a total amount not to exceed $16,822,500, which includes $15,000,000 for capital expenditures and $1,822,500 for capitalized operating subsidy; and
2. Authorizing and directing the County Manager, or the Director of the Department of Housing as his designee, to ensure that any funds awarded for capital expenditures are spent by December 30, 2020, and that any funds awarded for capitalized operating subsidies are spent by June 30, 2022, in the event the County’s application for funds from the Homekey Program is approved; and
3. Authorizing and directing the County Manager, or the Director of the Department of Housing as his designee, to enter into, execute and deliver a | adopted | Pass |
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20-829
| 1 | 2. | | Resolution | Recommendation to:
A) Adopt a resolution
1. Authorizing and directing the County Manager, or the Director of the Department of Housing as his designee, to prepare and submit an application for grant funds from the Homekey Program NOFA administered by the State of California Department of Housing and Community Development (“State HCD”), in response to its Notice of Funding Availability, dated July 16, 2020, in a total amount not to exceed $20,356,500, which includes $18,048,000 for capital expenditures and $2,308,500 for capitalized operating subsidy; and
2. Authorizing and directing the County Manager, or the Director of the Department of Housing as his designee, to ensure that any funds awarded for capital expenditures are spent by December 30, 2020, and that any funds awarded for capitalized operating subsidies are spent by June 30, 2022, in the event the County’s application for funds from the Homekey Program is approved; and
3. Authorizing and directing the County Manager, or the Director of the Department of Housing as his designee, to enter into, execute and delive | adopted | Pass |
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