Works Department Budget through December 31, 2026 - Appropriate $1,218,208
from Public Parking available Working Capital to Parking Management Services,
Professional Services Expenditure Account - Supplemental appropriation - Five
affirmative votes required (Public Works) (Ward 1) (10-minute presentation)
Attachments:
44
Housing and Homelessness Committee recommends adoption of a Resolution of the
City of Riverside, California, authorizing the creation of a Local Affordable Housing
Trust Fund to address the most critical affordable housing needs with three different
section numbers for federal, state, and local resources - A Resolution of the City of
Riverside, California, authorizing the submission of an application for, and
acceptance of any funds from, the Prohousing Incentive Program Round Two
Program administered through the State of California Department of Housing and
Community Development and authorizing the execution of necessary grant
documents by the City Manager, or designee - Waive further readings - Create a
Local Housing Trust Fund with three different section numbers for federal, state,
and local resources - Annually record an appropriation and interfund transfer of
future program income from the HOME Investment Partnerships Program Fund,
Neighborhood Stabilization Program Fund and the Development Grants Fund,
CalHome accounts to the new Local Housing Trust Fund - Record a supplemental
appropriation and interfund transfer of $1,500,000 from the Development Grants
Fund, Permanent Local Housing Allocation account to the new Local Housing Trust
Fund - Record future supplemental appropriations and interfund transfers equal to
50 percent of future land sale proceeds of City-owned properties originally
purchased with General Fund resources to the new Local Housing Trust Fund -
Submit an application for the Prohousing Incentive Program Round 2 grant funds to
be used as Local Housing Trust Fund matching funds - Accept and receive such
funds and to execute any documents necessary to secure the Prohousing Incentive
Program Round 2 grant fund award and administer the Prohousing Incentive Pilot
Program grant - Upon grant award and with at least five affirmative votes, authorize
the Chief Financial Officer, or designee, to record an increase in revenue and
supplemental appropriation in an amount up to $1,500,000 in the Local Housing
Trust Fund, Pro-Housing Incentive Program 2 - Record future supplemental
appropriations as needed in the new Local Housing Trust Fund to issue loans in
alignment with the purposes of the loan program and within the parameters
described in the staff report - Supplemental appropriations - Interfund Transfers -
Five affirmative votes required (Housing and Human Services) (All Wards)
(10-minute presentation)
Attachments: