RESOLUTION 16-010 RAD PORTFOLIO AWARD.DOCX
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RESOLUTION 16-010 RENTAL ASSISTANCE DEMONSTRATION PORTFOLIO AWARD Clare Feldstadt Homes A (56 units) Homes, Casa Bonitas A (282 units), Rose Terrace & Maricopa Revitalization Scattered Sites (53 units) and Maricopa County HA & Parkview Estates Single Family Homes (70 units) WHEREAS, Resolution 13-027 gave the Housing Authority of Maricopa County the authority to take action necessary to facilitate a Rental Assistance Demonstration (“RAD”) conversion of its entire public housing portfolio; and WHEREAS, the Housing Authority of Maricopa County submitted a RAD application and subsequent materials and documentation to HUD for a Portfolio Award for several properties including the Properties referenced above; and WHEREAS, the Housing Authority of Maricopa County was successful in its application and on or about March 27th, 2015 was awarded a Commitment to Enter into a Housing Assistance Payment (“CHAP”) as may have been or as may be amended from time to time; and WHEREAS, the Housing Authority of Maricopa County wishes to advise the Board of Commissioners of the Housing Authority of Maricopa County that it has accepted the terms of the CHAP and is taking action to complete the RAD conversion of the Properties; and WHEREAS; the Board of Commissioners acknowledges the previous authority granted to the Housing Authority of Maricopa County and certifies that it has the requisite authority to authorize the Executive Director, Gloria Munoz, to continue to take any and all actions necessary and to execute any and all documents as required by HUD or as reasonably necessary to the other project partners to the RAD conversion for the Properties. NOW THEREFORE: BE IT RESOLVED, that the Board of Commissioners of the Housing Authority of Maricopa County hereby adopts Resolution 16-010 and approves and certifies as follows: 1. That it continues to support the mission of the Housing Authority of Maricopa County to utilize the RAD program to convert its entire portfolio of properties to offer long-term, cost effective solutions to preserve and enhance Maricopa County’s public housing inventory; 2. That the Executive Director, Gloria Munoz, has the requisite authority to take any and all action necessary and to execute any and all documents as required by HUD or as reasonably necessary to the other project partners for the purpose of completing the conversion of the Properties as contemplated by Resolution 13-027 and as further supported by this Resolution; such actions may include, but are not limited to, applying for and receiving grants, loans, or other funding and using Housing Authority of Maricopa County financial resources (e.g. capital funds or reserve) to facilitate the conversion; 3. That HUD and any project partners can rely upon this certification; and 4. That a single-asset entity may be created for the purpose of facilitating the successful RAD conversion of the Properties. Dated this ______________ day of ___________________________________, 2016. Housing Authority of Maricopa County ATTEST: Chairman, Board of Commissioners Gloria Munoz, Clerk of the Board Approved As To Form Attorney for Housing Authority