HomeMy WebLinkAbout2004-133-11/16/2004-ALLOCATING FUNDING FROM THE CITYS AFFORDABLE HOUSING FUND RESOLUTION 2004-133
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ALLOCATING FUNDING FROM THE CITY'S AFFORDABLE HOUSING FUND
WHEREAS, the Council of the City of Fort Collins has identified affordable housing as a
primary need in the community; and
WHEREAS,the Council has established an Affordable Housing Fund consisting of General
Fund revenues from the City's Annual Budget; and
WHEREAS,on January 18,2000,the City Council approved Resolution 2000-13,formally
adopting a competitive process for the allocation of City financial resources to affordable housing
programs/projects and community development activities; and
WHEREAS,specific proposals for the use of Affordable Housing funds have been reviewed
by the City's Affordable Housing Board and Community Development Block Grant Commission
which have forwarded recommendations to the City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that $695,898 from the City's Affordable Housing Fund be allocated as follows:
$450,000 City of Fort Collins - Land Bank Program
$145,898 Fort Collins Housing Corp— Sleepy Willow
$100,000 CARE Housing, Inc.
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.
ATTEST: Mayor
40-J a LA
City Clerk