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HomeMy WebLinkAboutRes 2021-04D D D RESOLUTION NO. 2021-04, A RESOLUTION OF THE CITY COUNCIL ·oF THE CITY OF PALM DESERT, CALIFORNIA EXPRESSING THE CITY COUNCIL'S SUPPORT FOR HOUSING STABILITY AND ECONOMIC MOBILITY FOR ALL RESIDENTS OF PALM DESERT AND SUPPORT FOR "WE WILL LIFT,'' A REGIONAL HOUSING AND ECONOMIC OPPORTUNITY INITIATIVE. WHEREAS, one in two individuals in the Coachella Valley earn at or below 200% of the federal poverty line, WHEREAS, wages in the Coachella Valley are half of what they n~ed to be to afford the Fair Market Rent for a median two-bedroom apartment, WHEREAS, more than half of Coachella Valley renters are housing cost burdened, or paying more than 30% of their monthly incomes on rent, and one third of renters pay more than half of their monthly incomes on rent, WHEREAS, Lift to Rise is a local collective impact organization working to achieve a future where all Coachella Valley families are healthy, stable, and thriving, and WHEREAS, Lift to Rise and a cross-sector network of partners have developed a pl.an to achieve increase housing stability and economic mobility by: • Advancing a community-valued pipeline of investable projects that will result in2,000 units of affordable housing in the next two years, • Implementing affordable housing friendly policies __ that will facilitate the planning,approval, and construction of affordable housing units in the shared pipeline, • Driving a regional investment vehicle to invest in and catalyze the development ofaffordable housing across the region, • Building pathways to economic mobility and security for residents experiencing poverty. WHEREAS, the City of Palm Desert Envision Palm Desert Strategic Plan, ,goal is to facilitate development of high quality housing for people of all income levels. WHEREAS, the City of Palm Desert has a longstanding pursuit of affordable housing and would provide expertise and opportunities to supporting the We Will Lift: Regional Pledge for Housing and Opportunity. WHEREAS, -the City of Palm Desert will endeavor when feasible to participate in the activities permissible to support the Pledge. RESOLUTION NO. 2021-04 NOW, THEREFORE, BE IT RESOLVED, that in order to support promoting housing stability and economic mobility for all residents, the City Council members of Palm Desert hereby pledge our support to a shared, concrete, and forward-thinking plan and direct the City Manager to communicate this support by signing the We Will Lift: Regional Pledge for Housing and Opportunity. APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Palm Desert held on this 25 th day of February, 2021 by the following vote: AYES: HARNIK, JONATHAN, NESTANDE, QUINTANILLA, and KELLY NOES: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: ,-' --- CrA ~ ~-~:~ 3 /;o/c7()~j GRACE L. HOCHA,/ACTINGCITY CLERK CITY OF PAEM~DE_S.ERT, CALIFORNIA --' APPROVED AS TO FpRM: I I I s ORNEY "-J D D D