HomeMy WebLinkAbout1995-120-08/15/1995-AFFORDABLE HOUSING PROJECTS CARE INC FUNDING HOME PROGRAM HOUSING AUTHORITY HUD RESOLUTION 95-120
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING FUNDING FOR AFFORDABLE
HOUSING PROJECTS THROUGH THE HOME PROGRAM
OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
WHEREAS, in May, 1994, the City received designation as a participating jurisdiction in the
HOME Program of the Department of Housing and Urban Development (HUD); and
WHEREAS, the purpose of the HOME Program is to expand the supply of decent, safe,
sanitary and affordable housing in the City and to strengthen the ability of the City to provide
housing as well as to expand the capacity of non-profit community-based housing development
organizations to provide such housing; and
WHEREAS, the City has received certain requests for HOME Program funding which
requests have been reviewed by Staff and recommended-to-the Council-by-the City's-Community
Development Block Grant Commission, which applications would, in the aggregate, add 52 new
units of affordable housing in the City; and
WHEREAS, the Council has determined that it is in the best interest of the City that the
projects as hereafter described be approved for funding through the HUD HOME Program.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, that the following projects be and hereby are approved and authorized for funding
through the HOME Program of the Department of Housing and Urban Development:
1. A Grant of$100,000 for the CARE, Inc. project on West Swallow Road which would
construct 48 affordable housing units. Funding approval for this Project is conditioned upon the
Project obtaining approval as a Site Specific Development Plan pursuant to Section 29-514 of the
City code on or before February 15, 1996.
2. A Grant of$50,000 for the Fort Collins Housing Authority project which will relocate and
rehabilitate an existing modular duplex structure at 221 Third Street in the City which will provide
two 3-bedroom affordable housing units.
3. A Grant of$25,000 for the Fort Collins Housing Authority project which will create two
affordable housing-ruit5 at2240-rV. Mulberry Street in the City.
Fassedand adopted at a regular meeting of the Co cil o he City of Fo olli held this
15th day of August, A.D. 1995.
Mayor
ATTEST:
lIk 2
City Clerk