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HomeMy WebLinkAboutReso RDA 9-1988 RESOLUTION NO. 9-88 REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION APPROVING THE REQUEST BY THE HUMAN INVESTMENT PROJECT SHARED HOMES PROGRAM TO USE MONEY FROM THE REDEVELOPMENT AGENCY'S LOW AND MODERATE INCOME HOUSING FUND WHEREAS, The Human Investment Project Shared Homes Program has requested a grant to fund its activity; and WHEREAS, the use of set aside funds will further the provision of affordable housing in South San Francisco; and WHEREAS, the use of the funds outside the project area will be of benefit to the project since pursuant to Health & Safety Code Section 3334.2 the provision of housing is always of benefit to a project. NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the City of South San Francisco hereby approves the request of the Human Investment Project Shared Homes Program to use money from the Redevelopment Agency's Low and Moderate Income Housing Fund, and approves a grant of Seventeen Thousand Dollars ($17,000) and authorizes Agency staff to draft and execute an agreement with the Human Investment Project Shared Homes Program. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a regular meeting held on the 25th day of May , 1988, by the following vote: AYES: Boardmembers Mark N. Addiego, Gus Nicolopulo~, Roberta Cerri Teglia, and Jack Drago NOES: None ABSENT: Boardmember RichardA. Haffey ~~'r~an~Agency of the iQ,~ATTEST: ~/l~y of South Sah~ Francisco Redevelopment Agency of the City of South San Francisco