HomeMy WebLinkAbout19659 - RESOLUTIONS - 9/29/1999 RESOLUTION NO. 19659
OF THE CITY OF PALM SPRINGS, CALIFORNIA, FINDING
THAT THE PROVISION OF AFFORDABLE HOUSING FUND
MONIES OUTSIDE OF THE BOUNDARIES OF THE CITY'S
REDEVELOPMENT PROJECT AREAS WILL BE OF BENEFIT
TO THE PROJECT AREAS.
WHEREAS, in accordance with Section 33334.2 of Community Redevelopment Law(hereinafter
"CRL") redevelopment agencies must establish a housing fund by setting aside twenty percent(20%)of
tax increment generated from project areas to increase and improve communities' supply of affordable
housing for persons and families of low and moderate income; and,
WHEREAS, redevelopment agencies may spend housing fund monies to, among other things, rehabilitate
buildings or structures; and,
WHEREAS, Section 33334.2(g) authorizes redevelopment agencies to spend housing fund monies either
within or outside the project area if the City Council and the Redevelopment Agency find that the
provision of affordable housing funds outside the project area benefit the project area; and,
WHEREAS, the Palm Springs Community Redevelopment Agency (hereinafter"PSCRA") has created a
single family home rehabilitation program entitled the Palm Springs Neighborhood Revitalization
Program (hereinafter"Program") to provide grants and deferred loans to low and moderate income
homeowners who meet certain criteria set forth in the Program for the purpose of rehabilitating single-
family, owner-occupied homes; and
WHEREAS,the Program is offered in all redevelopment project areas within the City; and,
WHEREAS, the PSCRA wishes to extend the Program to low and moderate income homeowners who
live in areas outside of project areas giving priority to the Airport Noise Footprint and the City's
"Recapture Our Neighborhood" areas and secondarily to the remaining portion of the City; and,
WHEREAS,there are numerous benefits to the project areas by extending the Program to areas that are
non-project areas in that, currently,there are ten project areas within the City and the project areas are
either directly adjacent to a non-project area or within a project area's sphere of influence.
NOW,THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Springs as follows:
SECTION 1. Pursuant to CRL 33334.2(g), the Community Redevelopment Agency hereby finds that
the provision of affordable housing funds outside Agency project areas will be of benefit
to the project areas because the funds will be utilized to provide more affordable housing
opportunities within the City, preserve affordable housing stock throughout the City, and
maintain the community's supply of mobile homes.
SECTION 2. The above recitals are true and correct.
SECTION 3. The findings and determinations set forth herein shall be deemed final and conclusive.
ADOPTED this 29th day of September, 1999.
AYES: Members Barnes add Hodges
NOES: Member Reller-Spurgin
ABSENT: Member Oden
ABSTAIN: Mayor Kleindienst —�
ATTEST- CITY OF PALM SP CALIFORNIA
City Clerk City Ma ager
REVIEWED AND APPROVED:
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