title
CalHome Program - Response to Notice of Funding Availability (NOFA) for Mortgage Assistance Program and Owner-Occupied Rehabilitation Assistance Totaling $4.0 Million
It is recommended that the City Council take the following actions:
1) Adopt the following resolution:
RESOLUTION NO. 2020-03 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA, AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR FUNDING UNDER THE CALHOME PROGRAM FOR MORTGAGE ASSISTANCE AND FOR OWNER-OCCUPIED HOUSING REHABILITATION ASSISTANCE; THE EXECUTION OF STANDARD AGREEMENTS IF SELECTED FOR SUCH FUNDING AND ANY AMENDMENTS THERETO; AND ANY RELATED DOCUMENTS NECESSARY TO PARTICIPATE IN THE CALHOME PROGRAM
2) Authorize the City Manager to execute in the name of the City of Pomona, the application, the Standard Agreements, and all other documents required by the Department of Housing and Community Development for participation in the CalHome Program, and any amendments thereto; and
3) Amend the Home Investment Partnerships (HOME) Owner-Occupied Housing Rehabilitation Program’s maximum funding amounts for consistency with CalHome Program Guidelines.