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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 99-033 <br /> <br /> RESOLUTION APPROVING THE ALLOCATION OF <br /> FEDERAL H.O.M.E. FUNDS FOR FY 97/98 AND FY 98/99 <br /> FOR THE TRI-VALLEY HOUSING SCHOLARSHIP <br /> PROGRAM <br /> <br />WHEREAS, 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, 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, the City Council finds that the use of HOME funds to provide rent subsidies to <br /> clients of the new Tfi-Valley Housing Scholarship Program is an eligible and <br /> appropriate use of the City's HOME program allocation; and <br /> <br />WHEREAS, at its meeting of March 24, 1999, the City Council reviewed the report of the <br /> Housing Division (SR 99:79) regarding the proposed allocation of HOME funds to <br /> provide rent subsidies for Pleasanton clients of the Tfi-Valley Housing Scholarship <br /> Program. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: Council approves the allocation of $60,000 in federal HOME funds from FY 97/98 <br /> and FY 98/99 to provide rent subsidies for Pleasanton clients of the program. <br /> <br /> <br />