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HomeMy WebLinkAbout2004-063-05/18/2004-APPROVING THE FY 2004-2005 HOME INVESTMENT PARTNERSHIPS PROGRAM RESOLUTION 2004-063 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING THE FY 2004-2005 HOME INVESTMENT PARTNERSHIPS PROGRAM FOR THE CITY OF FORT COLLINS WHEREAS, the purpose of the Home Investment Partnership ("HOME") Program is to increase the supply of decent,safe,and affordable housing in the City of Fort Collins for an extended period of time; and WHEREAS, The City's Consolidated Plan identifies the following priorities for housing related needs: (1)Stimulate housing production for very low,low and moderate income households, (2)Increase home ownership opportunities for very low,low and moderate income households,and (3) Increase the supply of public housing for families and those with special needs; and WHEREAS, specific projects for the use of new HOME funds will be determined in November as a result of the fall funding cycle of the competitive process for the allocation of the City's financial resources to affordable housing programs/projects and community development activities. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the administration is authorized to submit the FY 2003-2004 Home Investment Partnerships Program application as follows: ADMINISTRATION Administration $ 72,300 Projects $542,256 CHDO Reserve $108,450 Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this 18th day of May A.D. 2004. ayor ATTEST: City Clerk