Legislation Details

File #: 24-0493   
Type: Consent Calendar Status: Agenda Ready
In control: City Council - Successor Agency - Housing Authority
On agenda: 9/17/2024 Final action:
Title: INTERFUND LOAN BETWEEN HOUSING AUTHORITY AND SB 2 PERMANENT LOCAL HOUSING ALLOCATION FUNDS FOR NORTH SPA YEAR 4 OPERATING COSTS
Attachments: 1. 091724 CED Interfund Loan Agenda Report

Title

INTERFUND LOAN BETWEEN HOUSING AUTHORITY AND SB 2 PERMANENT LOCAL HOUSING ALLOCATION FUNDS FOR NORTH SPA YEAR 4 OPERATING COSTS

Recommendation

Proposed Motion:

 

1.                     Approve $972,987 Interfund Loan from Housing Authority Fund (Fund 26) to Senate Bill 2 Permanent Local Housing Allocation (PLHA) Fund (Fund 28).

 

2.                     Authorize City Manager to make budget adjustments related to the Interfund Loan.