HomeMy WebLinkAbout2003-070-05/20/2003-ADOPTING THE FY 2003-2004 HOME INVESTMENT PARTNERSHIP PROGRAM FOR THE CITY OF FORT COLLINS RESOLUTION 2003-070
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING THE FY 2003-2004 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) stimulating housing production for very low, low and moderate income
households, (2) increasing home ownership opportunities for very low, low and moderate income
households, and (3) increasing the supply of public housing for families and those with special
needs; and
WHEREAS,the CDBG Commission met in a special meeting for the purpose of preparing
a recommendation to the City Council as to which programs and projects should be funded with
unprogrammed funds and program income; 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 $ 78,400
Projects $ 639,134
CHDO Reserve $ 108,651
HOME OWNERSHIP
Home Buyer's Assistance $ 300,000
REHABILITATION
Fort Collins Housing Corp $ 64,077
Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this
20th day of May A.D. 2003.
Mayor _
ATTEST:
City Clerk14111w