Title
HUD PRO Housing Grant Application and Establishment of the Acquisition/Preservation Subfund
Recommended Action
1. Authorize staff to submit an application to the U.S. Department of Housing and Urban Development’s Pathways to Removing Obstacles to Housing Grant.
2. Adopt a Resolution of the City Council of the City of Mountain View Establishing the City of Mountain View Acquisition/Preservation Subfund in the Housing Fund, to be read in title only, further reading waived (Attachment 1 to the Council report).
3. Approve and Appropriate $4 million from the BMR In-Lieu Fees Subfund to the new Acquisition/Preservation Subfund. (Five votes required)
4. Increase appropriation of $4 million in the Housing Department in the Acquisition and Preservation Subfund for the purpose of implementing the acquisition/preservation program. (Five votes required)
5. If awarded, authorize the City Manager or designee to execute the agreement and any required forms with the U.S. Department of Housing and Urban Development. Upon execution of the grant agreement, authorize an increase in appropriation per the amount in the executed agreement, not to exceed $4 million, for the acquisition and preservation program in the Housing Department in the Acquisition/Preservation Subfund. (Five votes required)