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HomeMy WebLinkAboutHousing Catalyst - Minutes - 08/17/19990 August 17,1999 BOARD OF COMMISSIONERS OF THE FORT COLLINS HOUSING AUTHORITY A meeting of the Board of Commissioners of the Fort Collins Housing Authority was held on Tuesday, August 17, 1999, at 7:25 p.m. in the Council Chambers of the City of Fort Collins City Hall. Roll Call was answered by the following Commissioners: Byrne, Kastein, Martinez, Mason, Wanner and Weitkunat. Boardmembers Absent: Bertschy. Staff Members Present: Fischbach, Krajicek, Roy. Resolution No. 19 Authorizing the 1999 Comprehensive Improvement Assistance Program Grant Application Adopted The following is staff s memorandum on this item. "Financial Impact This Resolution authorizes the Housing Authority to apply for funding from HUD in the amount of $299, 012 to fund current and future capital improvements for the Authority's public housing stock Annual budgets for the future will have to be developed to manage this fund. Executive Summary Originally, grants under the U.S. Department of Housing and Urban Development's (HUD) Comprehensive Improvement Assistance Program (CLAP) were awarded on a competitive basis. Several years ago, however, larger housing authorities (over 250 units) were placed in a new HUD Capital Fund Program (CFP). CFP provided funding annually on a non-competitive basis using the number of housing units as the basis to determine the amount of the grant. HUD recently decided to eliminate CIAP and replaced it with CFP. Nonetheless, HUD will provide this year a one-time distribution of CIAP funds based on units and total bedrooms. The allocation for the Fort Collins Housing Authority will be $299, 012 ($1,941.63 per unit). To be eligible for these funds, the Board must adopt this Resolution. HUD will be developing a formula for the award of grants under CFP for the upcoming Federal fiscal year 2000. " City Manager Fischbach gave a brief presentation regarding the item and recommended approval. August 17, 1999 Commissioner Weitkunat made a motion, seconded by Commissioner Wanner, to adopt Resolution No. 19. Councilmember Kastein asked about the risk to apply. City Manager Fischbach stated that there is no risk. The vote on the motion was as follows: Yeas: Commissioners Byrne, Kastein, Martinez, Mason, Wanner and Weitkunat. Nays: None. THE MOTION CARRIED. The meeting adjourned at 7:30 p.m. ATTEST: 14. ' F--� City Maiiager, Acting Secretary Adjournment 2