Title
(City Council/Housing Authority) Approval of the 2025 Sacramento Housing and Redevelopment Agency Proposed Budget and Adopting a Multi-Family Loan and Mortgage Revenue Bond Application Schedule [Noticed 11/01/2024;11/08/2024 and 11/15/2024]
End
FileID
File ID: 2024-01784
End
Location
Location: Citywide
End
Recommendation
Recommendation: Conduct a public hearing and upon conclusion: 1) adopt a City Council Resolution: a) approving the 2025 proposed budget for the Sacramento Housing and Redevelopment Agency (SHRA or Agency); b) delegating authority to the Agency to administer certain federal funds; c) authorizing the Agency to submit grant applications for activities within the jurisdiction of the Agency; d) authorizing the Agency to enter into contracts, make fund transfers, transfer project appropriations, amend the Agency budget and to undertake other actions necessary to implement the delegated authorizations; and e) consent to the Agency's submittal of the annual housing operating budgets and application for Capital Fund Plan funding to HUD. 2) adopt a City Council Resolution adopting a Multi-Family Loan and Mortgage Revenue Bond Application Schedule that corresponds with California Tax Credit Allocation Committee and California Debt Limit Allocation Committee application deadlines. 3) adopt a Housing Authority Resolution: a) approving the 2025 proposed budget for the Housing Authority of the City of Sacramento (Authority); b) delegating authority to administer certain federal funds; c) authorizing the Executive Director to submit grant applications for activities within the jurisdiction of the Authority; d) authorizing the Executive Director to submit the annual housing operating budgets to HUD and the application to HUD for Capital Fund Plan funding; and e) authorizing the Executive Director to enter into contracts, make fund transfers, transfer project appropriations, amend the Agency budget and undertake other actions necessary to imple...
Click here for full text