Report Prepared by: Leah Brown, Management Analyst, Development Services
Title
SUBJECT: Authorization to Accept and Appropriate $887,254 in Grant Funds from the State of California Department of Housing and Community Development from the 2021 Permanent Local Housing Allocation (PLHA) Program and the Acceptance and Appropriation of the 2022 PLHA Fund of $444,694 When it Becomes Available
REPORT IN BRIEF
Considers authorizing to accept and appropriate $887,254 in Grant Funds from the State of California Department of Housing and Community Development (HCD) from the Permanent Local Housing Allocation (PLHA) program and further authorization of the 2022 PLHA funds of $444,694 when available.
RECOMMENDATION
City Council - Adopt a motion:
A. Accepting the 2021 PLHA grant funds in the amount of $887,254; and,
B. Increasing the revenue and expense in Fund 2018-Permanent Local Housing in the amount of $887,254; and,
C. Authorizing the use of pooled cash to cover the appropriation until grant funds are reimbursed; and,
D. Authorizing the further acceptance and appropriation of the 2022 PLHA funds of $444,694 when those funds are available; and
E. Authorizing the Finance Officer to make the necessary budget adjustments; and,
F. Authorizing the City Manager to execute all documents, including any amendments.
Body
ALTERNATIVES
1. Approve, as recommended by staff; or,
2. Approve, subject to other than recommended by staff, identify specific findings; or,
3. Deny, or,
4. Continue to a future City Council Meeting (date and time to be specified in Council motion).
AUTHORITY
Charter of the City of Merced, Sections 200, 405, and 1105.
CITY COUNCIL PRIORITIES
This action is consistent with the adopted FY 2023-2024 Goals and Priorities, and Pro-Housing Policies of the City of Merced.
DISCUSSION
The Permanent Local Housing Allocation (PLHA) funding is provided pursuant to Senate Bill 2 (SB 2) (Chapter 364, Statutes of 2017). SB 2 established the Fund an...
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