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RES-11145 Housing Finance TrustRESOLUTION NO. 11145 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AUTHORIZING EXECUTION OF THE JOINT POWERS AUTHORITY AGREEMENT FOR MEMBERSHIP IN THE ORANGE COUNTY HOUSING FINANCE TRUST. WHEREAS,homelessness in the Orange County region has increased over time to at least 4,500 people as of the 2017 Point in Time Count; and WHEREAS, homelessness locally is a result of various causes that can include a lack of afFordable and supportive housing units, the high cost of workforce housing, a shortage of jobs that result in wages that pay for local rents, mental illness and substance use, the high cost of land and housing development, and more; and WH REAS,as homelessness increases,it causes crises that can be humanitarian,financial and impact community safety, as Orange County residents and others without adequate shelter reside in and on communities' public facilities, including streets,pazks, sidewalks,transit centers, riverbeds and storm channels,restrooms, libraries, and more; and WHEREAS,a 2017 study conducted by United Way of Orange County and the University of California, Irvine estimates the cost of homelessness to our Orange County community resources and facilities to be in the range of$300 million per yeaz(based on 2014-15 dollazs), and likely growing; and WIIEREAS, families, children, the aged, our veterans, and persons with mental illness and other disabilities aze all subject to homelessness depending on their individual circumstances, and all aze worthy of our community's respect and care; and WHEREAS,the provision of adequate housing for persons formerly homeless can include a range of housing types, from emergency and bridge shelters to transitional housing to rapid rehousing to supportive housing to affordable housing; and WHEREAS, in Orange County, there appeazs to be a shortfall of beds and units in each housing category, making the goal of ending homelessness in our region extremely difficult to attain without adding more housing units; and WH REAS, the concept of adding to the supply of supportive housing, where a person who may have formerly been homeless is able to secure and maintain his or her housing when services are provided to the individual to help them stay successfully in housing, is deemed to be beneficial to solving especially the needs of the chronically homeless; and WHEREAS, in 2018, Orange County leaders worked to develop and secure legislation that created a joint powers mechanism that would shaze the power of securing funding for various types of housing that can address our homelessness crisis, with a focus on developing more supportive housing units; and WHEREAS, this legislation (AB 448) allowed for the crearion of the Orange County Housing Finance Trust, a joint powers authority established to secure both public and private dollazs and ensure that Orange County as a region attains its shaze of State resources approved by California residents and the California Legislature to address housing and homelessness by providing more housing units, especially supportive housing; and WI REAS, on Mazch 12, 2019, the County of Orange approved the formation of the Orange County Housing Finance Trust joint powers authority (Trust); and WHEREAS, in order to join the Trust, ciries in Orange County may execute the joint powers agreement with the County that sets forth the roles and responsibilities of inembers of the Trust, as well as its governance struchue; and WI3 REAS,the City of Orange desires to join the Orange County Housing Finance Trust. NOW, TFIEREFORE, BE IT RESOLVED, by the City Council of the City af Orange as follows: Section 1. The City's membership in the Orange County Housing Finance Trust, as described by the attached Joint Powers Agreement (Exhibit 1), is hereby authorized. Section 2. The Mayor is hereby authorized to execute the Joint Powers Agreement on the City's behalE ADOPTED this 9th day of Apri12019. l Maz c A. Murphy, Ma r, ty of Orange ATTEST: i"(C. (',, , Pamela Coleman, City Clerk, Ciry of Orange Resolution No. 1 I 145 2 STATE OF CALIFOItNIA ) COUNTY OF ORANGE ) CITY OF ORANGE I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolurion was duly and regulazly adopted by the CiTy Council of the CiTy of Orange at a regulaz meeting thereof held on the 9th day of Apri12019,by the following vote: AYES: COLJNCILMEMBERS: Alvazez, Murphy,Nichols, Monaco NOES: COiJNCILMEMBERS: None ABSENT: COiJNCILMEMBERS: None ABSTAIN: COLTNCILMEMBERS: None I ld.CwlX1K/ Vt l'(ki yl Pamela Coleman, City Clerk, City of Orange Resolution No. 11145 3