HomeMy WebLinkAbout2004-131-11/16/2004-APPROVING THE FY 2004-2005 HOME INVESTMENT PARTNERSHIPS PROGRAM FOR THE CITY OF FORT COLLINS RESOLUTION 2004-131
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 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 hereby authorized to submit the FY 2004-2005 Home
Investment Partnerships Program application as follows:
$500,000 City of Fort Collins - Home Buyer Assistance
$136,445 Fort Collins Housing Corp—300 First Street SRO
Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this
16th day of November A.D. 2004.
Mayor
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City Clerk