HomeMy WebLinkAbout17194 - RESOLUTIONS - 7/11/1990 RESOLUTION NO. 17194
OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING
PARTICIPATION IN THE U.S. DEPARTMENT
OF HOUSING AND URBAN DEVELOPMENT 203(k) 1
REHABILITATION HOME MORTGAGE PROGRAM
- - - - - - - - - - - -
WHEREAS, the maintenance of the existing affordable housing stock is
an important aspect of the City's overall Housing Program as specified
in the 1989 City of Palm Springs Housing Element; and
WHEREAS, the U.S. Department of Housing and Urban Development has available
Home Mortgage Rehabilitation Loan Mortgage Insurance through its 2'03(k)
program; and
WHEREAS, the City has the ability to participate in the 203(k) Program
as mortgagor to maximize the availability of this program to its residents,
NOW THEREFORE, be it resolved by the City Council of the City of Palm
Springs, California, to approve participation in the HUD 203(k) Home
Mortgage Rehabilitation Loan Program.
ADOPTED this 11th day of July 1990.
AYES: Councilmembers Br•oich, Hodges, Murawski , Neel and Mayor Bono
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
4
City-Clerk , (`,- City Manager'
REVIEWED AND APPROVED:
rY