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HomeMy WebLinkAboutCC Reso 2021-02 RESOLUTION NO. 2021-02 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY EXPRESSING THE CITY COUNCILS SUPPORT FOR HOUSING STABILITY AND ECONOMIC MOBILITY FOR ALL RESIDENTS OF CATHEDRALCITY AND SUPPORT FOR THE "WE WILL LIFT REGIONAL PLEDGE FOR HOUSING AND OPPORTUNITY" 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 need 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, people of color in the Coachella Valley face higher rates of rent- burden, eviction, and are more likely to experience homelessness, WHEREAS, COVID-19 has had a devastating impact on the economic well-being of families in the Coachella Valley 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 plan to achieve increase housing stability and economic mobility by: • Advancing a community-valued pipeline of investable projects that will result in 2,000 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 of affordable housing across the region, • Building pathways to economic mobility and security for residents experiencing poverty. NOW, THEREFORE, BE IT RESOLVED, that in order to do our do our part to promote housing stability and economic mobility for all residents, the City Councilmembers of Cathedral City 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 Cathedral City held on this 10th day of February, 2021 by the following vote: AYES: 5 - Councilmembers Ross, Lamb and Carnevale; Mayor Pro Tern Gutierrez and Mayor Gregory NOES: 0 ABSENT: 0 ABSTAIN: 0 I 14 , IL 1 Ui t 11/' OR , ' ATTEST: KC,C c e 114C -Is CITY CLERK APPROVED AS TO FORM: CITY AT ORNEY