City Council

1.g Consideration of a Resolution Authorizing Application to, and Participation in the Prohousing\nDesignation Program with the State Department of Housing and Community Development\n(HCD); and Consideration of a Resolution Authorizing Application for, and Receipt of\nProhousing Incentive Program Funds.\nFiscal Impact:\nhttps://granicus_production_attachments.s3.amazonaws.com/placentia/761968e45c95f67b6461441b8dccf2570.html 4/6\n11/1/24, 2:27 PM Agenda\nThere is no immediate financial impact; however, the Prohousing Designation qualifies the\nCity to apply for State funding. On August 15, 2024, HCD released the NOFA for the third\nround of the Prohousing Incentive Program (PIP Round 3). PIP Round 3 makes\napproximately $8 million available for jurisdictions with a Prohousing Designation.\nRecommended Action: It is recommended that the City Council:\n1. Adopt Resolution No. R-2024-70, a Resolution of the City Council of the City of\nPlacentia, California, authorizing application to and participation in the Prohousing\nDesignation Program.\n2. Adopt Resolution No. R-2024-71, a Resolution of the City Council of the City of\nPlacentia, California, authorizing application for, and receipt of, Prohousing Incentive\nProgram funds.