Santa Maria Municipal Code Ch. 3-3 Home Financing Program

The City adopts a home financing program (the "program") pursuant to Part 5 of Division 31 of the Health and Safety Code of the State (the "Act") for the purpose of increasing the housing supply in the City and in the county and determines to issue revenue bonds pursuant to the Act to provide funds for the program.

(Prior Code § 10-1)

The City finds and declares that:

(a) A substantial housing need exists in the City and in the county.

(b) Adoption of the program pursuant to the Act for persons and families within income limits established by the Act will serve the public purpose of encouraging the construction, purchase and rehabilitation of homes affordable by such persons and families.

(c) Such encouragement of housing and construction rehabilitation will increase the housing supply in the City and in the county.

(Prior Code § 10-2)

The City shall operate the program within the geographical boundaries of the City, within the geographical boundaries of any other city in the county which agrees to participate in the program, and within the unincorporated territory of the county if the county agrees to participate in the program.

(Prior Code § 10-3)

The program shall comply with the land use element and housing element of the general plan of the City, of any other participating city, or of the county, if it participates in the program.

(Prior Code § 10-4)

The form of cooperative agreement (the "agreement"), submitted to the meeting at which the ordinance from which this section derives was adopted, is approved, and the proper officers[1] of the City are authorized and directed to execute and deliver the agreement, for and in the name and on behalf of the City, with other participating cities in the county, and with the county, in substantially the same form submitted to the meeting, and to approve any additions to or changes in the form which they deem necessary or advisable, their approval of such additions or changes to be conclusively evidenced by their execution of the agreement as so added to or changed.

(Prior Code § 10-5)

[1]

Editor's Note: See City Clerk's file No. A-358. Mayor and City Clerk are "proper officers."

The proper officers of the City are further authorized and directed to perform any acts and enter into and execute any additional agreements or other documents that they may deem necessary or appropriate to implement the program.

(Prior Code § 10-6)