City Council

6. REAFFIRM THE CITY MANAGER AND/OR HOUSING AUTHORITY EXECUTIVE DIRECTOR’S AUTHORITY TO EXECUTE AFFORDABLE HOUSING DOCUMENTS The Tustin Housing Authority is seeking to reaffirm the authority of the City Manager and/or Housing Authority Executive Director to execute affordable housing documents required for the refinancing or the sale of new or existing affordable housing units. Recommendation: It is recommended the Tustin Housing Authority Commissioners take the following action: 1. Adopt Tustin Housing Authority Resolution No. 25-01 authorizing the Executive Director of the Tustin Housing Authority and/or City Manager, or their designee, to execute affordable housing documents required for the refinancing or the sale of affordable housing units. It is recommended the Tustin City Council take the following action: 1. Adopt City Council Resolution 25-01 authorizing the City Manager and/or the Executive Director of the Tustin Housing Authority, or their designee, to execute affordable housing documents required for the refinancing or the sale of affordable housing units. RESOLUTION NO. 25-01 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, AUTHORIZING THE CITY MANAGER AND/OR THE TUSTIN HOUSING AUTHORITY EXECUTIVE DIRECTOR, OR THEIR DESIGNEE, TO EXECUTE ALL AFFORDABLE HOUSING AGREEMENTS REQUIRED FOR THE REFINANCING OR THE SALE OF AFFORDABLE HOUSING UNITS TUSTIN HOUSING AUTHORITY RESOLUTION NO. 25-01 A RESOLUTION OF THE TUSTIN HOUSING AUTHORITY OF THE CITY OF TUSTIN, CALIFORNIA, AUTHORIZING THE TUSTIN HOUSING AUTHORITY EXECUTIVE DIRECTOR AND/OR CITY MANAGER, OR THEIR DESIGNEE, TO EXECUTE ALL AFFORDABLE HOUSING AGREEMENTS REQUIRED FOR THE REFINANCING OR THE SALE OF AFFORDABLE HOUSING UNITS Fiscal Impact: There is no fiscal impact associated with this item.