CC Resolution No. 03-055RESOLUTION NO. 03-055
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CUPERTINO SUPPORTING THE ESTABLISHMENT OF A
NATIONAL HOUSING TRUST FUND
WHEREAS, according to the United States Department of Housing and Urban
Development (HUD), 5.4 million households in the United States are paying more than
30% of their income towards housing costs; and
WHEREAS, in the City of Cupertino, an extremely low income household can
afford a monthly rent of no more than $720/month, while the Fair Market Rent is
$1,760/month for a two bedroom unit; and
WHEREAS, the City of Cupertino Housing Element recognizes the need for
additional funding resources for more affordable housing units.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Cupertino hereby reaffirms the importance and need for affordable housing and hereby
supports the National Housing Trust Fund Act of 2001.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 17th day of March 2003 by the following vote:
Vote
Members of the City Council
AYES:
NOES:
ABSENT:
ABSTAIN:
Chang, James, Kwok, Sandoval, Lowenthal
None
None
None
ATTEST:
City Clerk ~-~
.ROV~ED:
Mayor, City of Cupertino