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HomeMy WebLinkAboutRES NO RA003-11RESOLUTION NO. 2 1- 11 1pR 0 0 3- 1 1 RESOLUTION OF THE CITY OF BAKERSFIELD REGARDING THE USE OF HOUSING SET-ASIDE MONIES (CREEKVIEW VILLAS DOWN PAYMENT ASSISTANCE PROGRAM, SOUTHEAST BAKERSFIELD REDEVELOPMENT PROJECT AREA) OUTSIDE THE DOWNTOWN REDEVELOPMENT PROJECT AREA. WHEREAS, there is a need in the City of Bakersfield (the "City") for decent, safe and sanitary housing and particularly for housing affordable to low-income and moderate-income persons; and WHEREAS, the Community Redevelopment Law of the State of California (Health and Safety Code Section 33000 et.seq.), (the "Law"), imposes specific obligations on each redevelopment agency to respond to housing needs within their jurisdiction, including, but not limited to, establishment of a Low-and Moderate- Income Housing Fund (the "Fund"); and WHEREAS, Section 33334.2 of the Law provides that the redevelopment agency shall use not less than twenty percent (20%) of all taxes which are allocated to it for the purposes of increasing, improving, and preserving the community's supply of low- and moderate-income housing; and WHEREAS, Section 33334.2 also provides that an agency may use these funds inside or outside the Redevelopment Project Area upon a resolution of the agency and the legislative body that such use of funds will be of benefit to the Redevelopment Project Area; and WHEREAS, land uses in the Downtown Bakersfield Redevelopment Project Area are not conducive to the construction of single-family units; and WHEREAS, there has been virtually no growth in conventional housing in the Redevelopment Project Area and the existing housing inventory is almost exclusively occupied by low-income households; and WHEREAS, a number of conditions limit the ability of the Bakersfield Redevelopment Agency (Agency) to provide residential development in the Redevelopment Project Area, such as, the existing land uses and socio-economic characteristics of the Redevelopment Project Area and the relatively limited funds Page 1 of 3 ors kkK q, F-- m V r ORIGINAL available from the Agency's Low-and Moderate-Income Housing Fund compared to the cost of downtown housing development; and WHEREAS, with plentiful land and an active residential development market, outside of the Redevelopment Project Area, but within the limits of the City of Bakersfield, Bakersfield offers some of the most affordable housing of any major metropolitan area in the state of California; and WHEREAS, the Agency can provide more people affordable housing opportunities by allowing the use of housing monies outside the Downtown Redevelopment Project Area; and WHEREAS, the Agency has provided assistance in acquisition of land for the construction of affordable single family units located at 1203 "R" Street known as the Creekview Villas; and WHEREAS, the Agency desires to continue to create and promote home ownership and improved affordable housing for individuals and families; and WHEREAS, the Agency desires to provide down payment assistance for eligible low- or moderate-income persons or families purchasing a Creekview Villa home to assist in ensuring the affordability of the units; and WHEREAS, affordable housing continues to be a priority of the Agency in its adopted Five-Year Implementation Plans; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAKERSFIELD as follows: 1. The above recitals are true and correct; 2. The use of funds from the Low- and Moderate-Income Housing Fund outside of the Redevelopment Project Area will benefit the Redevelopment Project Area. 3. The Agency shall use up to $465,000 from the Agency's Downtown Low- and Moderate-Income Housing Fund to be used to fund a portion of the down payment assistance for the Creekview Villas. 4. The use of low-moderate-income housing funds to provide affordable housing is consistent with the Five-Year Implementation Plan. Page 2 of 3 m r U r.7 ORIGINAL HEREBY CERTIFY that the foregoing Resolution was passed and adopted by the Council of the City of Bakersfield at a regular meeting thereof held on EFB 167011 by the following vote: AYES- COUNCILMEMBER SALAS, BENHAM, WEIR, c HANSON, SULLIVAN, 'Scihr ES: COUNCILMEMBER ABSTAIN: COUNCILMEMBER C'JrDA--VN ABSENT: COUNCILMEMBER_o C-CN ROBERTA GAFFORD CITY CLERK and Ex Officio Clerk of the Council of the City of Bakersfield APPROVEDFES 1 6 2011 HARVEY L. HALL MAYOR of the City of Baker ield APPROVED as to form: VIRGINIA GENNARO City Attorney H. RUDNICK g ity Attorney II Page 3 of 3 6 NK~y o`` 191, > m f- r ORIGINAL