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ATTY/RESO.0002/CC RESO UPDATED PERMANENT LOCAL HOUSING ALLOCATION PROGRAM (PLHA) REV: 01-29-26 LF Page 3 of 4 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDWOOD CITY, AS FOLLOWS: 1. The following stated amounts from the PLHA Program are hereby appropriated for use for the Affordable Housing Preservation Program: PLHA Amount Per Grant Year Grant Year Award Amount Year 2 (2020) $513,440 Year 3 (2021) $565,025 Year 4 (2022) $283,191.20 Year 5 (2023) $217,056.95 Total $1,578,713.15 2. City represents and certifies that it will use all PLHA funds in a manner consistent and in compliance with all applicable state and federal statutes, rules, regulations, and laws, including without limitation all rules and laws regarding the PLHA Program, as well as any and all contracts the City may have with the Department. 3. The City hereby agrees to use the PLHA funds for eligible activities as approved by the Department and in accordance with all Program requirements, Guidelines, and other rules and laws, as well as in a manner consistent and in compliance with the Standard Agreement and other contracts between the City and the Department 4. The City certifies that it has or will subgrant some or all of its PLHA funds to another entity or entities. Pursuant to Guidelines Section 302(c)(3), “entity” means a housing developer or program operator but does not mean an administering local government to whom a local government may delegate PLHA allocation. 5. The City certifies that its selection process of these subgrantees was or will be accessible to the public and avoided or shall avoid any conflicts of interest. 6. Pursuant to the City’s certification in this resolution, the PLHA funds will be expended only for eligible Activities and consistent with all program requirements. 7. The City certifies that, if funds are used for the acquisition, construction or rehabilitation of for-sale housing projects or units within for-sale housing projects, the grantee shall record a deed restriction against the property that will ensure compliance with one of the requirements stated in Guidelines Section 302(c)(6)(A), (B) and (C). 8. The City certifies that, if funds are used for the development of an Affordable Rental Housing Development, the local government shall make PLHA assistance in the form of a low-interest, deferred loan to the sponsor of the project, and such loan shall be evidenced through a Promissory Note secured by a Deed of Trust and a Regulatory Agreement shall restrict the occupancy and rents in accordance with a local government approved underwriting of the Project for a term of at least 55 years.