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CITY COUNCIL OF THE CITY OF PLEASANTON <br />ALAMEDA COUNTY, CALIFORNIA <br />RESOLUTION NO. 00-035 <br /> <br />RESOLUTION APPROVING THE ALLOCATION OF $60,000 <br />IN FEDERAL H.O.M.E FUNDS TO PROVIDE A SECOND <br />YEAR OF RENT SUBSIDIES FOR CLIENTS OF THE <br />TRI-VALLEY HOUSING SCHOLARSHIP PROGRAM <br /> <br />WHEREAS, <br /> <br />funding through the federal Housing Opportunities Made Easy (HOME) program <br />is distributed to metropolitan cities, urban counties, states, and consortia of local <br />governments by the Department of Housing and Urban Development (HUD); and <br /> <br />WHEREAS, HOME funds are intended to fund local housing programs which benefit <br /> low-income residents of the local jurisdiction; and <br /> <br />WHEREAS, <br /> <br />the City of Pleasanton is a participating jurisdiction under the Alameda County <br />HOME Consortium and receives an annual formula allocation of federal funds <br />from the Housing Opportunities Made Easy (HOME) program to enable certain <br />housing projects and activities which benefit low income persons; and <br /> <br />WHEREAS, <br /> <br />the City Council finds that the use of HOME funds to provide rent subsidies to <br />clients of the new Tri-Valley Housing Scholarship Program is an eligible and <br />appropriate use of the City's HOME program allocation; and <br /> <br />WHEREAS, <br /> <br />at its meeting of April 18, 2000, the City Council reviewed the report of the <br />Housing Division (SR 00:102) regarding the proposed allocation of $60,000 in <br />HOME funds to provide a second year of rent subsidies for Pleasanton clients of <br />the Tri-Valley Housing Scholarship Program; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: <br /> <br />Council approves the allocation of $60,000 in federal HOME funds from FY 98/99 <br />to provide a second year of rent subsidies for Pleasanton clients of the program. <br /> <br /> <br />