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HomeMy WebLinkAbout1995-145-10/17/1995-AFFORDABLE HOUSING PROJECT CARE, INC HOME PROGRAM HUD SITE SPECIFIC DEVELOPMENT PLAN WEST SWALLOW RO RESOLUTION 95-145 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING FUNDING FOR AN AFFORDABLE HOUSING PROJECT THROUGH THE HOME PROGRAM OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WHEREAS.in May. 1994,the City received designation as a participating jurisdiction in the HOME Program of the Department of Housing and Urban Development(HUD); and WHEREAS, the purpose of the HOME Program is to expand the supply of decent, safe, sanitary and affordable housing in the City and to strengthen the ability of the City to provide housing as well as-to expand the capacity-of non-profit community-basedhonsing-development organizations to provide such housing; and WHEREAS, the City has received a request for additional HOME Program funding in the amount of Fifty Thousand Dollars ($50,000) for the "Care, Inc." Project on West Swallow Road, which request has been reviewed by Staff and recommended to the Council by the City's Community Development Block Grant Commission; and WHEREAS, the Council has determined that it is in the best interest of the City that the project as hereafter described be approved for additional funding through the HUD HOME Program. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the Care,Inc. Project on West Swallow Road, which will construct forty (40) affordable housing units, is hereby approved for grant funding through the HOME Program of the Department of Housing and Urban Development in the amount of Fifty Thousand Dollars ($50,000) (in addition to the One Hundred Thousand Dollars ($100,000) previously authorized for said project pursuant to Resolution 95-120). Section-9- The-funding_ authorized_for this, Prszject is- conditioned upon the Project obtaining approval as a Site Specific Development Plan pursuant to Section 29-514 of the City Code on or before February 15, 1996. Passed and adopted at a regular meeting of the Counc' th City of Fort C ' s hel this 17th day of October, A.D. 1995. i ATTEST: City Clerk