HomeMy WebLinkAboutResolution No. 08-R330
RESOLUTION NO.08-R33
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A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA MAKING A
FINDING THAT THE PLANNING AND ADMINISTRATIVE EXPENSES TO BE FUNDED FROM THE
LOW AND MODERATE INCOME HOUSING FUND ARE NECESSARY FOR THE PRODUCTION,
IMPROVEMENT OR PRESERVATION OF THE COMMUNITY'S SUPPLY OF LOW AND MODERATE
INCOME HOUSING
WHEREAS, the Redevelopment Agency of the City of Azusa is authorized by Section. 33334.3 of the Health and
Safety Code to use a portion of its low and moderate income housing funds to pay for planning and general administrative costs
which are directly related to the provision of housing assistance in accord with Section 33334.2 of the Health and Safety Code;
and
WHEREAS, the Agency has engaged in a number of projects consistent with said Section 33334.2 to increase,
improve, and preserve low -to -moderate income housing and the Agency reasonably expects to continue such activity in accord
with the proposed budget for 2008/09; and
WHEREAS, the Agency expects to expend staff time and resources to carry out the projects and programs listed in
Exhibit A attached hereto; and
WHEREAS, Section 33334.3 requires the Agency to make an annual finding that the planning and administrative
expenses are reasonable given the expected level of activity for low and moderate income housing projects;
NOW THEREFORE BE IT RESOLVED by the Agency Members of the Redevelopment Agency of the City of
Azusa:
Section 1. Pursuant to the requirements of Section 33334.2 of the Health and Safety Code, the Agency Members
hereby find and determine that the reasonable allocation of Agency staff expenses directly related to the production,
rehabilitation, or preservation of low and moderate income housing in accord with Exhibit A attached is as follows:
For Fiscal Year 2008/09: 20% of Administrative Costs
Section 2. The Agency asserts that, in the event of substantial changes in project activity, it will reevaluate the
allocations and only assess the low and moderate income housing fund for that portion of administrative expenses which are
reasonably related to the purposes allowable under law.
Section 3. The Agency Secretary shall certify the adoption of this Resolution.
PASSED AND ADOPTED this 215' day of July, 2008.
J seph It. Rocha, Chairperson
I HEREBY CERTIFY that the foregoing Resolution No. 08-R33, was duly adopted by the Redevelopment Agency of the
City of Azusa, at a regular meeting thereof, held on the 2I't day of July, 2008.
AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA
NOES: AGENCY MEMBERS: NONE
ABSTAIN: AGENCY MEMBERS: NONE
ABSEN : AGENCY MEMBERS: NONE
Vera Mendoza, Secretary
EXHIBIT A
LOW/MOD HOUSING PROJECTS
Fiscal Year 2008/09
Housing Rehabilitation/HOME Programs — Oversee implementation of housing rehabilitation programs,
including but not limited to monitoring consultants, meeting with homeowners and contractors, processing demands
for payment and preparing compliance data.
Low -to -Moderate Income Housing Monitoring Project— Monitor compliance for twenty-one (2 1) restricted low -
to -moderate income single family housing units; sixty-four (64) restricted low -to -moderate income rental units; and
thirty (30) very low income senior rental units for continued compliance.
Down Payment Assistance Program — Oversee implementation of the Down Payment Assistance Program (DPAP)
to provide Azusa residents, in particular those members of the community that contribute to the vitality of the City,
deferred down payment assistance loans for up to $140,000 to purchase affordable homes within the City. The goal
of the DPAP is to provide assistance to approximately five (5) households every year for the next ten (10) years.
Administration — Track 20% set aside tax increment receipts; coordinate outstanding debt funded with low -to -
moderate income housing funds; prepare subordination agreements as necessary for single family homeowners;
preparation of the annual State Controller's Report, independent financial statement, and the annual HCD housing
report.
Housing Element — Work in conjunction with City Planning staff to update and implement a functional Housing
Element as part of the overall General Plan Update, and endeavor to meet housing production and replacement
obligations.
Redevelopment Housing Projects — Identify possible affordable housing project opportunities in the Merged
Redevelopment Project Area.
Miscellaneous — Actively pursue and promote housing project opportunities benefiting low -to -moderate income
households.