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Res 93-167RESOLUTION NO. 93-167 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY APPROVING THE AFFORDABLE HOUSING REHABILITATION PROGRAM WHEREAS, the Poway Redevelopment Agency (the "Agency") is desirous of adopting a program which will assist low and moderate income residents within the Paguay Redevelopment Project Area (the "Project Area") and within the City of Poway (the "City") in improving and preserving the City's existing supply of affordable housing; and WHEREAS, the Program will serve as an integral component of a balanced affordable housing strategy to increase, and improve, and preserve the supply of housing in the City available to persons and families with low and moderate incomes; and WHEREAS, California Health and Safety Code Section 33334.2 (e)(8) states that the Agency may utilize funds from its Low and Moderate Income Housing Fund (the "Housing Fund") moneys to, or for the benefit of, very low, low and moderate income persons and families; and WHEREAS, Section 33334.2(g) of the Health and Safety Code authorizes the Agency to expend its Housing Fund moneys outside the Project Area upon a finding by the City Council that the expenditure of such funds will be of benefit to the Project. NOW, THEREFORE, the City Council of the City of Poway does resolve as follows: Section 1: The recitals hereof are true and correct and are hereby incorporated into this Resolution. Section 2: The City finds that the proposed use of the Agency's Low and Moderate Income Housing Fund is for the purpose of improving and preserving the community's supply of housing available to persons and families of low and moderate incomes at affordable housing cost pursuant to California Health and Safety Code Section 33334.2. Section 3: The City Council hereby authorizes the use of the Agency's Low and Moderate Income Housing Fund to support the extension of the Program to Poway residents living outside the Project Area and pursuant to California Health and Safety Code Section 33334.2(g), the City finds that the use of Agency funds for the purposes as outlined in the Program will be of benefit to the Project Area and the areas outside of the Project Area within the community. Section 4: The City Council approves the Program, as on file with the City Clerk's Office, and authorizes the Executive Director of the Agency to begin implementation of the Program. Resolution No. 93-167 Page 2 PASSED, ADOPTED AND APPROVED, by the City Council of Poway, California, at a regular meeting thereof this 30th day of November, 1993. Don Higginson, M&~[9~ ATTEST: Marjorie K. Wahlsten, City Clerk STATE OF CALIFORNIA ) ) SS. COUNTY OF SAN DIEGO ) I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify the foregoing Resolution No. 93-167 was duly adopted by the City Council at a meeting of said Council on the 30th day of November, 1993, and that it was so adopted by the following vote: AYES: CAFAGNA, CALLERY, EMERY, HIGGINSON NOES: SNESKO ABSTAIN: NONE ABSENT: NONE Marjorie'K. Wahlsten, City Clerk