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