City Council

d. RESOLUTION ACCEPTING MEMBERSHIP IN THE GATEWAY CITIES\nAFFORDABLE HOUSING TRUST, A JOINT POWERS AUTHORITY, AND\nAUTHORIZING THE MAYOR TO EXECUTE THE JOINT EXERCISE OF\nPOWERS AGREEMENT\nSummary:\nStaff recommends the City join the Gateway Cities Affordable Housing Trust\n(Housing Trust), a Joint Powers Authority (JPA) formed among the municipalities\nwithin the Gateway Cities region. The Housing Trust provides funding to\npreserve and produce affordable housing by increasing each project’s\ncompetitiveness for state and federal funding. Additionally, the Housing Trust\nworks with a variety of government and philanthropy groups to attract other\nhousing funds. Joining the Housing Trust would support the City’s efforts to\nbuild workforce developments identified in the Housing Element. To become a\nmember, the City Council is required to adopt a resolution and authorize the\nMayor to execute the Joint Exercise of Powers Agreement with the Housing\nTrust.\nRecommendations:\n1. Adopt a resolution, entitled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SIGNAL HILL,\nCALIFORNIA, APPROVING, AUTHORIZING, AND DIRECTING CITY\nEXECUTION OF THE JOINT EXERCISE OF POWERS AGREEMENT\nRELATING TO MEMBERSHIP IN THE GATEWAY CITIES AFFORDABLE\nHOUSING TRUST\n2. Authorize the Mayor to execute the Gateway Cities Affordable Housing Trust\nJoint Exercise of Powers Agreement.