HomeMy WebLinkAbout1995-125-09/05/1995-AFFORDABLE HOUSING PROJECT FUNDING HARMONY AND SHIELDS HOME PROGRAM HUD KAUFMAN AND BROAD WOODLANDS RESOLUTION 95-125
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING FUNDING FOR AN AFFORDABLE
HOUSING PROJECT 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 a request for HOME Program funding which request has
been reviewed by Staff and recommended to the Council by the City's Community Development
Block Grant Commission; and
WHEREAS,the foregoing application,if approved,would provide funding for 116 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
project 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, as follows:
Section 1. That the following project be, and hereby is, approved and authorized for
funding through the HOME Program of the Department of Housing and Urban Development:
A loan of $300,000 for the Kaufman and Broad (Woodlands P.U.D.) project at the
intersection of Harmony Road and Shields Street which would construct 116 affordable housing
units.
Section 2. 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.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this
5th day of September, A.D. 1995.
C
or
ATTEST:,((1�++ \�\)
City Clerk TT�UUUCCC