23-1333RESOLUTION NO. 23-1333
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE APPROVING
THE INCREASE OF THE 1ST TIME HOMEBUYER DOWN PAYMENT ASSISTANCE AMOUNT UP
TO $100,000 FOR THE PERMANENT LOCAL HOUSING ALLOCATION (PLHA) PROGRAM
WHEREAS, the State of California, Department of Housing and Community Development
(HCD) is authorized to provide up to $195 million under the SB 2 Permanent Local Housing
Allocation (PLHA) Program Formula Component from the Building Homes and Jobs Trust Fund
for assistance to Cities and Counties (as described in Health and Safety Code section 50470 et
seq. (Chapter 364, Statutes of 2017 (SB 2)); and
WHEREAS, the PLHA Program provides a permanent source of funding to all Local
Governments in the State of California to help implement plans to increase the affordable
housing stock; and
WHEREAS, the City of Menifee is an eligible Local government applying for the program to
administer one or more eligible activities; and
WHEREAS, the City of Menifee has applied for the Formula Component Notice of Funding
Availability (NOFA) PLHA Program and has been awarded thus far $642,675 for the Down
Payment Assistance Program; and
WHEREAS, the City of Menifee City Council approved on July 15, 2020, $15,000 down
payment assistance as stated in the PLHA 2020 allocation plan (application); and
WHEREAS, the low -and moderate -income applicants are currently being priced out of the
record -high real estate market, and City wishes to increase the down payment from $15,000 up
to $100,000.
NOW THEREFORE, IT IS HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
MENIFEE AS FOLLOWS:
Section 1: The City Council hereby does authorize and accept the increase of the
Down payment up to $100,000.
Section 2: This Resolution shall take effect upon the date of its adoption.
PASSED, APPROVED, AND ADOPTED this 21st day of June 2023.
Bill Zimmerm n, or
ATTEST:
pbe"Roseen, Acting City Clerk
APPROVED AS TO FORM:
J re elching, Ci Att rney
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF MENIFEE )
I, Stephanie Roseen, Acting City Clerk of the City of Menifee, do hereby certify that the
foregoing City Council Resolution No. 23-1333 was duly adopted by the City Council of the City
of Menifee at a meeting thereof held on the 21st Day of June 2023 by the following vote:
Ayes:
Deines, Estrada, Sobek, Zimmerman
Noes:
None
Absent:
Karwin
Abstain:
None
e�nieRosee'n, Acting City Clerk