HomeMy WebLinkAbout2023-096-11/21/2023-APPROVING $1.2 MILLION IN HOME INVESTMENT PARTNERSHIP ACT AMERICAN RESCUE PLAN ACT FUNDING TO THE HERESOLUTION 2023-096
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING $1.2 MILLION IN HOME INVESTMENT
PARTNERSHIP ACT AMERICAN RESCUE PLAN ACT FUNDING
TO THE HEARTSIDE HILL AFFORDABLE HOUSING DEVELOPMENT
WHEREAS,the Home Investment Partnerships (‘HOME)Program is an ongoing grant
administration program funded by the Department of Housing and Urban Development (‘HUD”);
and
WHEREAS,the City may use HOME funds to create affordable housing for individuals
who are experiencing homelessness or are at risk of homelessness;and
WHEREAS,the City has received in excess of $2.6 million in HOME funds from the
American Rescue Plan Act (“ARPA”)through HUD;and
WHEREAS,the City Council approved $800,000 of HOME -ARPA funding for eligible
housing projects in Resolution 2023-050;and
WHEREAS,on September 13,2023,the Human Services and Housing Funding Board
(“HSHF”)unanimously voted to recommend an additional $1.2 million in HOME -ARPA funding
for the Heartside Hill development;and
WHEREAS,the Heartside Hill development will provide a total of 72 rental units serving
households earning below 60%of Area Median Income;and
WHEREAS,as required by HUD regulations and the City’s Citizen Participation Plan,a
30-day comment period relating to this funding began on October 20,2023,and any comments
will be recorded and reported to HUD after the comment period,which ends on November 21,
2023;and
WHEREAS,the City Council has considered the recommendations of the HSHF Board
and has determined that $1.2 million of the City’s 2023 allocation should be made as set out in this
Resolution.
NOW,THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1.That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2.That the City Council hereby authorizes City staff to submit an application
to HUD based on the following recommended funding allocations:
Housing Category
Applicant Funding HS&HF Recommended Unfunded Percent
Project/Program Request Board’s Funding Balance of
Prioritized Request
Ranking Funded
CARE Housing:$1,200,000 #1 $1,200,000 $0 1009’
Heartside Hill
Section 3.That,subject to the appropriation of funds by the City Council,the City
Council hereby authorizes the City Manager to execute any agreements necessary to implement
the funding allocation described herein on terms and conditions consistent with this Resolution,
along with such additional terms and conditions as the City Manager,in consultation with the City
Attorney,deems necessary or appropriate to protect the interests of the City.
Section 4.This Resolution shall
approval,support for approval,or waiver of
development application process whether in
project referenced herein.
not be construed as constituting City Council
any City regulatory requirement,including any
administrative or quasi-judicial review,for any
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 21st
day of November,2023.
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City Clerk