HomeMy WebLinkAbout2007-051-05/15/2007-APPROVING THE FY 2007 HOME INVESTMENT PARTNERSHIPS PROGRAM FOR THE CITY RESOLUTION 2007-051
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE FY 2007 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 2007 Home Investment
Partnerships Program application as follows:
HOME Program
Grant Income Category
$64 000 N/A Program Administration
480,792 $35,000 Housing Projects
96,139 N/A Community Housing Development Organization Set-Aside
$640 931 $35 000 Totals
Passed and adopted at a regular meeting of the Cou . of the City of Fort Collins this 15th
day of May, A.D. 2007.
w
I
Mayor
ATTEST:
City Clerk E"