HomeMy WebLinkAbout2002-105-11/05/2002-ALLOCATING FUNDING FROM THE CITYS AFFORDABLE HOUSING FUND RESOLUTION 2002-105
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ALLOCATING FUNDING FROM THE CITY'S AFFORDABLE HOUSING FUND
WHEREAS, the City Council 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 THREE HUNDRED THOUSAND DOLLARS ($300,000) from the City's
Affordable Housing Fund be allocated as follows:
Amount Applicant - Project
$200,000 CARE Housing, Inc. —Fairbrooke Debt Reduction
$100,000 City of Fort Collins - Homebuyer Assistance
(for previously rented property)
Passed and adopted at a regular meeting of the Council of the City of.Fort Collins held this
5th day of November A.D. 2002.
Mayor
ATTEST:
imf%A L
City Clerk