HomeMy WebLinkAbout2005-056-05/17/2005-APPROVING THE FISCAL YEAR 2005 HOME INVESTMENT PARTNERSHIPS PROGRAM FOR THE CITY OF FORT COLLINS RESOLUTION 2005-056
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE FISCAL YEAR 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 authorized to submit the FY 2005 Home Investment
Partnerships Program application as follows:
Administration $ 68,188
Housing Projects $511,411
CHDO Set-Aside $102,282
Total $681,881
Passed and adopted at a regular meeting of e Council of the City of Fort Collins held
this 17th day of May A.D. 2005. 66
r
Mayo
ATTEST:
City Clerk