HomeMy WebLinkAboutReso 141-24 Item 5.6 Authorizing Application for, and Receipt of Local Housing Trust Fund Program Fu
Reso. No. 141-24, Item 5.6, Adopted 12/03/2024 Page 1 of 3
RESOLUTION NO. 141 – 24
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
AUTHORIZING APPLICATION FOR, AND RECEIPT OF LOCAL HOUSING TRUST
FUND PROGRAM FUNDS FOR THE REGIONAL STREET SENIOR AFFORDABLE
HOUSING PROJECT
WHEREAS, a necessary quorum and majority of the Council members of the City of Dublin
(“Applicant”) hereby consents to, adopts and ratifies this resolution; and
WHEREAS, the State of California (the “State”) Department of Housing and Community
Development (“Department”) is authorized to provide up to $57 million under the
Local Housing Trust Fund (“LHTF”) Program from the Veterans and Affordable Housing Bond
Act of 2018 (Proposition 1) (as described in Health and Safety Code section 50842.2 et
seq. (Chapter 365, Statutes of 2017 (SB 3)) (“Program”); and
WHEREAS, the Department issued a Notice of Funding Availability (“NOFA”) dated April
30, 2020, under the LHTF Program; and
WHEREAS, the City of Dublin is an eligible Local Housing Trust Fund applying to the
Program to administer one or more eligible activities using Program Funds; and
WHEREAS, the Department may approve funding allocations for the LHTF Program,
subject to the terms and conditions of Health and Safety Code Section 50842.2, the LHTF
Program Guidelines, NOFA, Program requirements, the Standard Agreement and other related
contracts between the Department and LHTF award recipients.
NOW, THEREFORE, BE IT RESOLVED, the Dublin City Council confirms that:
SECTION 1. The City Manager or her/his designee is authorized to execute the LHTF
Program Application, the LHTF Standard Agreement and any subsequent amendments or
modifications thereto, as well as any other documents which are related to the Program or the
LHTF Award to Applicant, as the Department may deem appropriate; and
SECTION 2. If the City of Dublin receives an award of LHTF funds from the Department
pursuant to the above referenced LHTF NOFA, it represents and certifies that it will use all such
funds on Eligible Projects in a manner consistent and in compliance with all applicable state and
federal statutes, rules, regulations, and laws, including, without limitation, all rules and laws
regarding the LHTF Program, as well as any and all contracts Applicant may have with the
Department (“Eligible Project”); and
SECTION 3. The City of Dublin, with its “Inclusionary Zoning In Lieu Fees Fund,”
established by Ordinance No. 8-02 in May 2002, and revised by Ordinance No. 2-24 in June
2024 and published in Dublin Municipal Code Chapter 8.68 (also known as the “Affordable
Housing Fund”), as an eligible LHTF, is hereby authorized to act as the trustee in connection
with the Department's funds to Eligible Projects pursuant to the above-described NOFA in an
amount not to exceed $5,000,000 (the "LHTF Award"); and
SECTION 4. Applicant hereby agrees to match on a dollar for dollar basis the LHTF Award
pursuant to Guidelines Section 104. Applicant hereby agrees to utilize matching finds on a dollar-
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Reso. No. 141-24, Item 5.6, Adopted 12/03/2024 Page 2 of 3
for-dollar basis for the same Eligible Project for which Program Funds are used, as required by
HSC Section 50843.5(c) (A summary of the City’s commitment on the Eligible Project is included
as Attachment 1); and
SECTION 5. Pursuant to Attachment 1 and the Applicant’s certification in this resolution,
the LHTF funds will be expended only for Eligible Projects and consistent with all program
requirements and Applicant shall be subject to the terms and conditions as specified in
the Standard Agreement, H&S Section 50842.2 and LHTF Program Guidelines.
PASSED, APPROVED, AND ADOPTED by the Dublin City Council on this 3rd day of
December, 2024 by the following vote:
AYES: Councilmembers Hu, Josey, Qaadri, Thalblum and Mayor McCorriston
NOES:
ABSENT:
ABSTAIN:
______________________________
Mayor
CERTIFICATE OF THE ATTESTING OFFICER
The undersigned does hereby attest and certify that the foregoing Resolution is a true, full and
correct copy of a resolution duly adopted at a meeting of the Dublin City Council which was duly
convened and held on the date stated thereon, and that said document has not been amended,
modified, repealed or rescinded since its date of adoption and is in full force and effect as of the
date hereof.
ATTEST:
______________________________
City Clerk
ATTACHMENTS:
1. Summary of City of Dublin Commitment of Funding
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Reso. No. 141-24, Item 5.6, Adopted 12/03/2024 Page 3 of 3
Attachment 1:
Summary of City of Dublin Commitment for Use of the Local Housing Trust Fund Program
Funds and Matching Funds
The City of Dublin’s Local Housing Trust Fund (LHTF) match of land and funding and the proposed
LHTF grant will be used for a project proposed by Eden Housing, Inc. for approximately 113
affordable rental units on a 1.3-acre site located at 6541 Regional Street. This project is being
accepted by the City for LHTF funding contingent upon project financing and necessary
entitlements. Excluding a manager’s unit, 100 percent of the proposed 113 units are committed
to be affordable to households earning no more than 60 percent of area median income (AMI).
Twenty-two of the proposed 113 units (19 percent) and at least 30 percent of the Program Funds
are committed to be used for households earning no more than 30 percent of AMI. None of the
LHTF Program funding is proposed to be expended on assistance to moderate-income
households.
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