Title
Conduct a Public Hearing and Adopt Resolutions to:
a. Authorize the County Administrative Officer or his designee to apply for and accept grant funds from the California Department of Housing and Community Development (HCD) Permanent Local Housing Allocation (PLHA) program.
b. Authorize the Auditor-Controller to amend the FY2020-21 Adopted Budget to increase appropriations and revenues in the amount of $648,380 in the Housing and Economic Development Office Budget Unit 001-1050-8514-CAO038 for the receipt of PLHA grant funding (4/5th vote required)
c. Authorize the County Administrative Officer or his designee to apply for and accept grant funds from HCD for the Local Housing Trust Fund Program (LHTF) Program and the formation of a Regional Housing Trust Fund (RHTF) in partnership with Monterey County, the City of Salinas, City of Pacific Grove, City of Gonzales, City of King, and City of Monterey.
d. Authorize the Housing Program Manager to request unused housing funds in the amount of $370,000 from the Monterey Bay Economic Partnership (MBEP) from the agreement dated December 1, 2017 to be utilized for the LHTF application contribution.
e. Authorize the Auditor-Controller to amend the FY2020-21 Adopted Budget to increase appropriations and revenues in the Housing and Economic Development Office Budget Unit 001-1050-8514-CAO038 by $760,412 financed by contributions from MBEP ($370,000), and from the Cities of Salinas ($200,000), Pacific Grove ($118,757), and Gonzales ($71,655).
f. Authorize the assignment of $1,260,412 in the Housing and Economic Development Office Budget Unit 001-1050-8514-CAO038 for the use of a requirement match (minimum $750,000) for the application of the LHTF grant.
g. Enter into, execute and deliver a State of California Agreement (Standard Agreement) as required by PLHA and LHTF, subject to review and approval of the Office of the County Counsel as to form and legality.
Report
RECOMMENDATION:
It is recommended that the Board of...
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